Southern and Southwestern cities have seen rent hikes

Rent has risen 3.2% compared to the same time last year, making national average rent $1,468 in February, according to a new report from RentCafe.

This means that the cost of renting seems to be at a plateau compared to the same time last year, when the cost rose at 3.5% yearly.

Seattle is currently home to the largest rent increase among larger renter hubs, at $113, while Houston saw the lowest increase, at $21.

The most expensive apartments are in Manhattan, at $4,208 per month, while the lowest rents are in Wichita, Kansas, $665 per month.

Coming off of slow apartment growth in 2019 due to labor shortages and supply shortages, a decade of thriving construction and low-interest rates are ahead, the report said.