The housing market has been hot lately, but it’s not just homes for sale that are going up in price, rent has also seen a spike across the Sunflower State. Approximately one-third of Kansans are renters. According to property manager Ryan Smith, those searching for a new place or thinking of resigning a lease can expect to spend 5-to-10 percent more than last year. “I even have some units that increased 15%,” said Smith. Smith mentioned that although prices are soaring, renters are doing what they can to get an upperhand in a scarce market. “If I have a new listing, my wife and I can’t sleep that night because I’m getting so many emails and my phone is buzzing,” he said.
Source: KSN-TV
