SoCal rents soaring: First food & gas, now rents are seeing double-digit percentage increases. How high could they go? Now on ABC7
reached a new high in February, with the typical apartment now $283 more expensive each month than it was two years ago, before the onset of the pandemic.
February marked the seventh-straight month of rents soaring by double-digit percentages, after rents cratered in some of the biggest cities during the pandemic. In some cities, the rent increases have been staggering. Miami saw the fastest growth, with the median rental price spiking 55% in February from a year ago, making it the least affordable market of the top 50 cities, according to the report.
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