Rental Housing Prices at an All Time High

Real estate service Redfin, in a report earlier this year, found the median rent for apartments on the market across the country broke $2,000 a month for the first time in May. There are many reasons for rent increases right now. Inflation plays a role, but so does the housing market. High-interest rates and limited availability are driving up home prices, and that’s forcing many people who want to buy a home to keep renting.

Guests:

Bob Palmer
Policy Director | Housing Action Illinois, Chicago

Paul Arena
Director of Legislative Affairs for the Illinois Rental Property Owners Association, a landlord himself for 32 years + member of the Winnebago County Board

Esther Patt
Director, Champaign-Urbana Tenant Union