Rents expected to keep rising in 2022 after last year’s explosive growth

By Zach Halaschak

Published January 7, 2022 11:45am ET

Add Washington Examiner on Google

Rents expected to keep rising in 2022 after last year’s explosive growth — This Monday, Jan. 8, 2017 photo shows a "For Rent" sign outside an apartment building in Sacramento, California. Lawmakers are considering a measure, sponsored by Assemblyman Richard Bloom, D-Santa Monica, that would allow California communities to expand rent control policies amid rising housing costs. | (AP Photo/Rich Pedroncelli)

Rents are likely to continue to rise throughout 2022, although at a less aggressive pace than this past year.

Rental prices skyrocketed over the last year as the country began to recover from the COVID-19 pandemic and from the two-month recession in 2020 that came after nationwide lockdowns. For example, the rental cost for an average one-bedroom apartment has increased by more than 20% year over year.

Print subscriber? Click here to login/register your account

Digital subscriber? Click here to login/register your account.

Full midterm coverage.Deeper analysis.

Get unlimited access to Washington Examiner's reporting, expert analysis, and coverage of the midterm elections.

Get Unlimited Access

Cancel anytime.

Tag:

COVID-19 Housing Inflation Markets Real Estate