Nearly three-quarters of renters who have seen their rent rise on their current unit are considering a move to a more affordable rental, according to survey data released this week by Realtor.com.
However, options for lower-cost apartment homes are sparse. Renters who moved in the past year are typically paying $350 per month than they did previously.
(Those who are staying put are trying to cut costs, most commonly on entertainment (67.1%) and food and groceries (62.3%).)
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