Zillow: Rent growth hits 10-month high

Rent prices grew at their fastest rate in 10 months in February, reaching 2.4 percent year-over-year appreciation, according to the February Zillow Real Estate Market Report. The U.S. median monthly rent was $1,472 in February, up from $1,438 a year earlier. This translates to more than $400 in additional yearly expenses for the typical renter.

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Zillow analysis sheds light on “growing divide” in rental markets

The median rent for the least expensive multifamily rental homes is rising faster than median rents overall, and only a small portion of all new apartments is at the low end, according to the latest Zillow analysis.

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