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U.S. rent grew 11.5% year-to-year, according to a CoreLogic index, with the Miami metro area leading the nation at 33%, and the Orlando area No. 5 at 15.9%.<\/span><\/span><\/p>\n<\/div>\n NEW YORK \u2013 Property owners are charging more for their single-family rentals as demand soars and they\u2019re still finding willing tenants. Single-family rental prices continue to rapidly increase with record growth, according to CoreLogic\u2019s Single-Family Rent Index. In November 2021, single-family rent growth nationally rose 11.5% year-over-year.<\/span><\/span><\/p>\n Annual rent price growth has continued to double \u2013 and even triple \u2013 in the last several months in some markets, according to the index.<\/span><\/span><\/p>\n Miami-Miami Beach-Kendall posted the highest year-over-year increase in single-family rents in November 2021, where prices jumped 33% over the past year, followed by Phoenix-Mesa-Scottsdale (19.4%) and Las Vegas-Henderson-Paradise (16.7%).<\/span><\/span><\/p>\n In addition to Miami, Orlando-Kissimmee-Sanford ranked fifth in CoreLogic\u2019s list for highest yearly rent increases, rising 15.9% in the November report. Overall, the range of rent increases in the top 20 metro areas ranged from Miami\u2019s 33% to No. 20, the Washington, D.C., metro area\u2019s 5.4%.<\/span><\/span><\/p>\n \u201cImprovements in the economy and job market have helped push single-family rent growth to record levels,\u201d says Molly Boesel, principal economist at CoreLogic. \u201cHowever, rapid increases in single-family rents, especially for lower-priced properties, have led to a continued erosion of affordability.\u201d<\/span><\/span><\/p>\n\n