Think your rent's too darn high? Just wait

 http://www.cnbc.com/2015/10/20/think-your-rents-too-darn-high-just-wait.html

Annual rent growth in September was 5.2 percent, the highest since 2011 and the eighth-straight month the rate has been 5 percent or higher, according to Axiometrics, an apartment research firm. Annual rent growth was at 4.1 percent a year ago, which was still considered high.
...
The vast majority of new supply has been in pricier areas, in particular major urban cores, which has not helped renters in the suburbs or in smaller cities who are in dire need of more affordable rental housing.
"New inventory coming to market is weighted to the high end; it's urban, Class A, with a rich set of amenities, targeting the coveted college-educated millennial," said Sam Chandan, president of Chandan Economics. "Overall, we still have an affordability crisis in the United States with rents rising faster than incomes for the fourth-consecutive year."