Moody’s: Rent-to-Income Ratio Declines in Q1 2023

Market rent declined 0.9% in Q1 2023. While the rent-to-income (RTI) ratio is back below 30% in the U.S., a new report says residents should expect to spend one-third of their income on rent. According to the “U.S. State of Rent Burden” report from Moody’s Analytics, market rent declined 0.9% in the first quarter of 2023. The RTI exceeded the 30% rent-burden threshold last year for the first time ever.

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