Mount Rushmore National Monument in South DakotaSouth Dakota has the highest percentage of renters behind on payments, at 26%, according to a new study. Pictured, Mount Rushmore National Monument.

Renters across the U.S. are feeling the effects of soaring inflation, rising housing costs and the end of the national eviction ban

According to a report from MyEListing.com, some 15% of American households are behind on rent this fall.

South Dakota, Alabama and New Jersey renters are struggling the most with payments, according to the report.

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Families paid 12.6% more for single- family rentals in July than they did a year earlier, according to a recent report.

According to a report from MyEListing.com, inflated costs and higher day-to-day expenses have strained many Americans' budgets.

This is where renters are having the most trouble.

  1. South Dakota (26%) 
  2. Alabama (25%)
  3. New Jersey (24%)
  4. South Carolina (22%)
  5. Connecticut (21%)
  6. Delaware (20%)
  7. Arkansas (20%)
  8. Kentucky (20%)
  9. Louisiana (20%)
  10. New York (19%)

According to a September rent report from Zumper, many markets are seeing rental prices decline. The median price for one-bedroom rent in more than half of the cities in the report declined over the course of a month.

The national median rent is still going up.

According to a report from the Federal Reserve Bank of Dallas, rising home costs have caused rental prices to increase.

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Rental inflation is expected to jump to 8.4% in May 2023 from 5.8% in June 2022, according to the report.

It is important to study up on the local market so you can negotiate a reduction in rent.

She said that winter is the best time to negotiate. Landlords want to fill vacancies before the holidays because demand is low.

She said that you can watch for rent specials while you wait, and that you can find reduced rates if you wait until then.

Winter is the best time to get a deal.

Property managers try to fill a lot of apartments at the same time. Six weeks of free rent is one of the perks that some will offer.

It is worth asking for a lower rent for a longer lease. She said that it doesn't hurt to ask for a discount.