Renters Spent 23.4% of their Incomes on Rent in April, Significantly Under the "30% Rule"

Miami, New York, Los Angeles, Boston and San Diego are the least affordable markets for renters while Oklahoma City, Okla; Austin, Texas; Columbus, Ohio; Raleigh N.C.; and Minneapolis, Minn., are the most affordable markets Surge in Multi-Family New Construction Has Continued to Ease Rent Rates and Improved AffordabilityAUSTIN, Texas, May 14, 2025 /PRNewswire/ -- Across the U.S. rents are growing more affordable after pandemic era spikes. New data from the Realtor.com® April Rent Report found that renters ...