Most notably, the median asking rent rose by 27.9 percent (representing a $460 monthly increase) between August 2021 and August 2022. But the news isn’t all bad for renters, says Dwellsy CEO and cofounder Jonas Bordo. Q2 2022 hedge fund letters, conferences and more “August brought welcome relief in the form of lower rent increases than we’ve seen in past months,” he shares. “Rent typically approaches its seasonal peak in early fall, and we would normally expect median prices to rise approximately 1 percent from July to August. This year’s rent increase of 0.5 percent is below seasonal norms. …