TODAY   |  September 05, 2013

Cost of rent is rising faster than inflation

Rent hikes are on the rise, up nearly 4 percent from last year, especially in cities like Houston, Miami, and Boston. Analysts say home foreclosures are causing more people to rent, driving up demand.

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>>> to, rents are rising faster than inflation in many places. tracking firms say prices in the top 25 rental markets are up almost 4% from last year, with the biggest rent hikes coming in houston, miami, boston, tampa and san diego . analysts say home foreclosures are forcing more people to rent, driving up the demand for apartments.