These are the 10 states where renters are most behind on payments — and high-cost California didn't make the list
These are the 10 states where renters are most behind on payments — and high-cost California didn't make the list
Abstract
Renters across the U.S. are feeling the sting of soaring inflation, rising housing costs and the end of the national eviction ban. Some 15% of American households, around 6 million, are behind on rent this fall, according to a recent report from MyEListing.com, a commercial real estate website. These inflated costs, along with higher day-to-day expenses, have strained many Americans' budgets, with 20% or more renters behind on payments in some states, according to the MyEListing.com report. Here's where renters are facing the biggest difficulties: Many markets are seeing rental prices decline, according to a September rent report from Zumper, based on the 100 biggest U.S. cities. More than half of the cities in the report showed month-over-month declines in the median price for one-bedroom rent. If you're eyeing a move to reduce your rent, it's critical to "Study up on the local market," so you're prepared and can negotiate, said Zumper spokesperson Crystal Chen. "Some will offer perks like six weeks' free rent or reduced security deposits." It's also worthwhile to ask for lower rent for a longer-term lease.