How Much Is Your Landlord Really Allowed to Increase Your Rent?
The past two years have been painful for renters throughout the U.S. Though rent increases are slowing down somewhat, Zillow reported that monthly rents rose 4.8% year over year in May 2023, bringing the typical rent in the U.S. to $2,048. That's about 21% more than the typical renter paid in May 2021.
Many of the cities where rent increases are steepest are those that have long been considered affordable, like Cincinnati and Providence, Rhode Island.
If you're a tenant who's struggling to make ends meet, you may be wondering: Is there any limit to how much your landlord can raise the rent?
Source Fool.com
