Across America, the average rent for a one-bedroom apartment is $1,558, according to Apartments.com.
While inflation may be slowing, many Americans are still facing higher rent and housing costs. Newsweek talked to experts about what's causing it and who is most affected. But that number can hit $4,000 or more in some of the top real estate markets.A new report from Eden Emerald Hot Water discovered New York continues to see some of the harshest effects of rising rent, with rent soaring by 77 percent and hidden household costs also climbing by 24 percent since 2020.
The states least impacted by rising rent and household prices included Alaska, North Dakota, Kansas and Iowa, where the housing markets generally remain less attractive.'These findings display a clear disparity between states as the nation tackles the rising cost of living,' Nick Wallace, CEO of Eden Emerald Hot Water, said in a statement.
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