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Denver News Today | 2 Min News | The Daily News Now!

Rent Hikes: A Growing Financial Strain

Rents in the U.S. have skyrocketed, with one-bedroom apartments averaging $1,578 and two-bedrooms at $1,858, a 41% and 37% increase respectively from 2020-2025. This surge is outpacing wage growth, causing financial strain for many. Cities like New York, San Diego, and Miami have seen the most significant hikes, with one-bedroom rents in New York jumping $854. Despite some cities like San Francisco seeing slower growth, nationwide rents are projected to ease by only 1% next year, offering little relief.

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