How To Tell If Your Rent Is Going Up

The nation is currently seeing some of the highest occupancy rates since 2002, according to the National Renters Association. Fewer available tenements coupled with swarms of tenants flocking to fill them up means the ball is back in the landlord’s court and they’re shooting for the three-pointer.

Some regions of the U.S. have already seen rental prices soar as high as 20 percent, an NRA spokesperson said. Luckily, that’s pretty unusual. Unless you’ve worked out a fixed rate with your landlord, consumers should typically expect about a 2 to 3 percent annual increase and budget accordingly.

via How To Tell If Your Rent Is Going Up.