Renters in the U.S. Spent $504 Billion on Housing in 2018

According to a new report from HotPads, renters in the United States spent a total of $504 billion in rent this year, an increase of $12.6 billion, or 2.6 percent, from 2017, despite there being fewer renter households in 2018. The current median rent for the nation is $1,475, a 3 percent increase from last year.

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