Story at a glance
(NewsNation) — While New York City is still the most expensive rental market in the country, the fastest-growing rents are in places you might not expect.
New data from Zillow shows rents are up 7.8% in Hartford, Connecticut, over the past year, more than any other major market. Cleveland (7.2%), Louisville (6.8%) and Providence (6.3%) have also seen rents increase faster than the national average (3.5%). Milwaukee (5.7%) rounds out the top five.
Part of the rise can be attributed to remote work, which has allowed renters to live in more affordable areas further away from their jobs.
Commutes are getting longer as hybrid workers make trade-offs
“Commuting into New York City or Boston from places like Hartford or Providence might have been a deterrent before, but in this new age of remote and hybrid work, the savings seem worth it for many renters, even if it means an occasional …