The national median asking rent climbed to a record high in August, up 11% compared with a year ago. However, some renters are seeing surges that are more than double that.
Renters are facing higher costs as lease prices reached record highs in August.
The national medianFor instance, asking rents in Cincinnati, Ohio, rose 26% in August year-over-year, according to data from real estate brokerage Redfin. That marked the largest jump among the most populous U.S. metropolitan areas tracked by Redfin.
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