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If you’ve been priced out of buying a home, there aren’t many places to hide. The red-hot rental market is getting increasingly expensive as well.

Rents for houses skyrocketed across the US in May, according to property data firm CoreLogic. According to the company’s latest Single-Family Rent Index release Tuesday, single-family house rents increased 6.6% between May 2020 and May 2021, vastly higher than the 1.7% year-over-year increase the year before.

Rent price growth is still accelerating, with May’s year-over-year rate higher than CoreLogic’s 5.3% increase between April 2020 and April 2021. CoreLogic noted that details ⇒

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