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Higher-Income Tenants Pay the Biggest Rent Hikes and are Least Likely to Miss a Payment

On the flip side, rent payments have fallen the most in subsidized affordable housing – where rents have grown the least.

By Jay Parsons | September 28, 2022 at 08:25 AM

Here’s one of the most widely misunderstood realities of rental affordability: The renters seeing the largest rent hikes are upper-income households in the most expensive rentals, and despite larger rent increases, they’re least likely to miss a rent payment.

On the flip side, rent payments have fallen the most in subsidized affordable housing – where rents have grown the least, since those rents are typically set to a share of income.

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