Tenants struggle with rising rent spikes


At a time when rising gasoline and food prices are already straining Americans’ budgets, many apartment tenants are grappling with soaring rents.

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The Miami-Fort Lauderdale-West Palm Beach metropolitan area in Florida saw overall median rent soar over 50% in April from a year ago, to $3,045 a month, according to Realtor.com.

Nationally, the median rent climbed to $1,827, an increase of about 17% versus the same month last year, according to Realtor.com


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