In june, the medium rent topped two thousand a month for the first time on record. According to zillo, nearly half of renters have had their rent raised in the last year. Nearly 20 % of renters are being charged at least 100 dollars more a month and four percent are trying to pay as much as 500 dollars a month more every month. This has led to some high risk situations, like renters resorting to using credit cards for rent, dipping into their savings or even slashing their retirement accounts.