Rent checks are getting bigger.
Rents in April were 4% higher than a year before, according to a report from Zillow. That's the fastest increase in two years, outpacing home prices which rose by 3%, the report showed.
Rental affordability is getting worse, and it doesn't look like it will be improving anytime soon. "This is here to stay," said Svenja Gudell, senior director of economic research at Zillow. "We will continue to see rental increases, and affordability will worsen before it gets better."