America’s median rental rate set a new record for the 17th straight month, climbing more than 12% from a year earlier Americans continue to be battered by uninterrupted increases in their cost of living, with the latest indicator showing that rates for rental housing have set new record highs for 17 straight months. The median monthly rent in the 50 largest metropolitan areas jumped to $1,879 in July, up 12.3% from a year earlier, Realtor.com reported on Wednesday. The data is based on Realtor.com listings for studios, one-bedroom, and two-bedroom dwellings, meaning larger apartments and houses are excluded from t
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