Hotpads.com just completed its estimate of how much United States renters paid for rent in 2018: $504,400,000,000. That is $12.6 billion more than 2017. Some interesting stats:
- New York City renters pay more than 10% of the entire country’s total rent ($55.6 billion)
- Seattle metro area rents totalled $9.8 billion and recently grew 4% annually
- Nationwide went appreciation was up 3 percent from a year ago
- The rate of annual rent appreciation has been slowing gradually nationwide
- Highest rent appreciation last year was seen in the southern cities of Orlando, Las Vegas, and Phoenix
