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Rents Surge 41% Amidst Wage Stagnation, Study Reveals

12/4/2025

48 5 Full Breakdown

Summary

Story summary

LendingTree's study found that from 2020 to 2025, one-bedroom rents rose $457 (41%) to $1,578, and two-bedroom rents rose $505 (37%) to $1,858.
Rents have outpaced wage growth since 2019, rising 1.5 times faster.
New York, San Diego, and Miami recorded the largest increases due to high demand and limited supply.
Birmingham and Oklahoma City posted slower growth.
Overall, rents are projected to ease about 1% next year.

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Story summary

LendingTree's study found that from 2020 to 2025, one-bedroom rents rose $457 (41%) to $1,578, and two-bedroom rents rose $505 (37%) to $1,858.
Rents have outpaced wage growth since 2019, rising 1.5 times faster.
New York, San Diego, and Miami recorded the largest increases due to high demand and limited supply.
Birmingham and Oklahoma City posted slower growth.
Overall, rents are projected to ease about 1% next year.