Rental affordability is an issue impacting a growing number of households. As incomes have been stagnant since the Great Recession and new supply of rental housing has not kept pace with demand for rental units, the affordability issue has been exacerbated. 

Affordability is commonly measured as rent payments relative to household income. Households spending disproportionately high amounts of income on rents are overly burdened by housing costs. Over the course of several decades, this burden has been increasing for rental households. 

In this paper we take an in-depth look at the affordability concerns in the rental market and find that in addition to becoming a bigger issue nationally it is also present in all segments of the rental market, across markets and submarkets. Read the report.