Rents just hit another record high after a 12% surge in January

Renting is getting more expensive everywhere. Prices are rising at an alarming pace, and new data suggests rental affordability will falter in 2022.  In January, US renters paid $1,374 on average for a one-bedroom unit, according to Zumper. That's a 12% increase from last year when renters only needed to pay around $1,217.