What to Do When Your Rent is Too High

You have some options if your rent is too high, even though it may feel bleak.

A calendar page with notes to pay rent and utilities.
(Image credit: Getty Images)

Like seemingly everything else, the cost of rent continues to rise in the United States. There is good news: wild, double-digit increases of the pandemic-era have subsided, giving way to normal upticks — but rent prices are still much higher than in 2019.

Rent prices increased by just .77%, or $15, between March 2023 and March 2024, according to Rent.com. But compared to March 2020, prices are up 21.78%, or $373. The country is, in general, still stabilizing after massive price increases, which peaked in August 2022 at $2,053, per Rent.com.

Subscribe to Kiplinger’s Personal Finance

Be a smarter, better informed investor.

Save up to 74%

Sign up for Kiplinger’s Free E-Newsletters

Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more - straight to your e-mail.

Profit and prosper with the best of expert advice - straight to your e-mail.

Sign up

To continue reading this article
please register for free

This is different from signing in to your print subscription

Why am I seeing this? Find out more here

Senior Retirement Editor, Kiplinger.com

Elaine Silvestrini has worked for Kiplinger since 2021, serving as senior retirement editor since 2022. Before that, she had an extensive career as a newspaper and online journalist, primarily covering legal issues at the Tampa Tribune and the Asbury Park Press in New Jersey. In more recent years, she's written for several marketing, legal and financial websites, including Annuity.org and LegalExaminer.com, and the newsletters Auto Insurance Report and Property Insurance Report.