Renting in America has become a financial burden for many households, with average monthly rents reaching $2,100 as of July 2025. Millions of Americans spend more than 30% of their income on housing, affecting their ability to manage other essential costs like healthcare and education. Contributing factors include a severe housing supply shortage, population growth in certain cities, stagnant wages, and insufficient housing policies. The trend of high rents is particularly significant in tech hubs and Sun Belt cities, making affordable living increasingly elusive.
According to Zillow, the average rent for all property types and sizes as of July 10, 2025 is now $2,100 a month.
Renters who have options to live in other places need to consider whether the opportunity cost of living in high-rent cities is too high.
There simply aren't enough units being built to meet demand-especially at affordable price points.
Many workers find themselves priced out of their own neighborhoods, even if they have full-time jobs.
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