Rent prices fluctuate in major US cities.

Rental costs in the US have surged 26% since the pandemic, driven by a shortage of affordable housing and strong demand. However, rents are slowing down, with single-family rent growth declining for the twelfth straight month, according to CoreLogic. Charlotte, North Carolina, saw the fastest rental increase in April, with rents climbing nearly 7% YoY. Other cities with the fastest rental increases include Boston, Orlando, Chicago, New York, St. Louis, Minneapolis, Tucson, Houston, and Honolulu. For renters with a budget of $1,500 a month, the biggest bang for their buck can be found in cities like Wichita, Toledo, Oklahoma City, Tulsa, and Memphis.