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Dennie Keener unable to work after being diagnosed with stage four pancreatic cancer is now fearing eviction from his one-bedroom apartment in Las Vegas.

Dennie Keener unable to work after being diagnosed with stage four pancreatic cancer is now fearing eviction from his one-bedroom apartment in Las Vegas.

Photographer: Bridget Bennett/Bloomberg 

Wealth
The Big Take

The Snowballing US Rental Crisis Is Sparing Nowhere and No One

Renters across cities and income brackets are struggling to find new homes or pay for the ones they already live in.

A Las Vegas bartender coping with a recent cancer diagnosis is fearing eviction. A young professional in Tucson is skipping car payments to afford her higher rent. A researcher in Miami signed the lease for her new apartment sight unseen. 

Rental costs in the US are soaring at the fastest pace in more than three decades, surpassing a median of $2,000 a month for the first time ever and pushing rents above pre-pandemic levels in most major cities. Increases are particularly steep in metropolitan areas that saw large influxes of new residents during the pandemic, but the rental market is sparing almost nowhere and no one.