Rising rents do not seem to be a problem for market-rate renters and paying on time.
Inflation is driving up the cost of almost everything, and rent is no exception. Rent growth, like broader inflation, is at 40-year highs.
These resilient or at least employed and well budgeted renters continue to make rent payments. RealPage reported this week that market-rate apartments paid 95.6% of rent due in May 2022, up 0.2 percentage points year-over-year.
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