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Three-Quarters Of Renters Struggle To Pay Rent, Want To Relocate

Residents’ personal savings rates are at just $50 per month.

By Paul Bergeron | May 20, 2022 at 08:23 AM

Nearly three-quarters of renters who have seen their rent rise on their current unit are considering a move to a more affordable rental, according to survey data released this week by Realtor.com.

However, options for lower-cost apartment homes are sparse. Renters who moved in the past year are typically paying $350 per month than they did previously.

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