Nearly half of US renter households are cost-burdened as rents rise 36% since pandemic
By
Rebecca Crosby, Noel Sims
Crisp on the outside, thoughtful on the inside. A keeper.
Summary
Rents across the United States have skyrocketed in recent years, with over 22.7 million renter households (nearly half) considered "cost burdened" in 2024, spending more than 30% of their income on housing. According to Zillow, rents have increased by 36.2% since the COVID-19 pandemic began, with the typical asking rent reaching $1,910 in March 2026, requiring a household to earn at least $76,400 annually to afford it.
Key quotes
· 3 pulledMore than 22.7 million renter households, or nearly half, were considered 'cost burdened' in 2024, meaning they spent more than 30% of their income on housing costs.
Rents have increased by 36.2% since the beginning of the COVID-19 pandemic.
In March, the typical asking rent was $1,910, according to Zillow, meaning that a household would have to earn at least $76,400.
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