The average nationwide rent is now $1,653, the highest since October 2022

While home prices in some markets are going down, rents are mostly rising. The cost of housing, whether you are buying or renting, remains near an all-time high. In a new report, Redfin found rents in the U.S. rose by nearly 1% in May from May 2023. The average nationwide rent is now $1,653...