Austin tops list of cities where rent has risen the fastest, analysis finds

(NEXSTAR) - The hot — and expensive — housing market isn't limited to just homebuyers. According to a new report from Redfin, rent prices are on the rise throughout the U.S., putting pressure on many already burdened by rising inflation.
Nationally, the average rental rate in February increased by 15% compared to the same time last year, Redfin's analysis found. Rising rent costs can largely be blamed on the housing market, which is so competitive in some areas that bidding wars are