According to CoreLogic’s Feb. 2019 Single-Family Rent Index (SFRI), rents are up 2.9 percent year-over-year.
As with the for-sale market, supply of single-family rentals saw very low levels in February, putting upward pressure on the cost of both for-sale and for-rent homes. Phoenix had rapid rent increases in February with only 1.9 months of single-family rentals available. On the other hand, Miami, which had the slowest rent increases, had 7.6 months of single-family rentals available. So it is a GREAT time to look at home ownership vs making your landlord's mortage payment!