“The average price of an apartment is around $1,600.”
In April 2026, the national average rent in the United States was reported at approximately $1,730 to $1,740 per month, significantly higher than the $1,600 claimed.
While the figure of $1,600 is close to certain median rent estimates for specific bedroom types (such as one-bedroom apartments), it underestimates the broader national average for all apartment sizes, which was consistently reported by major industry trackers as being over $1,700 during that period.
Judged as of Apr 11, 2026— the video's publish date
As of May 2026, there is evidence that middle-class Americans are living in storage units, tents, and hotels to survive due to the ongoing cost of living crisis.
Industry data from 2026 indicates that approximately one in three American households (roughly 33%) currently uses self-storage.
In 2026, living in a vehicle—often driven by economic necessity—has become a widespread and increasingly recognized phenomenon, frequently discussed in both social media "nomad" communities and as a significant challenge within the context of the American housing crisis.
Numerous reports and estimates from 2026 indicate that a significant number of Americans, including those who are employed, are living in vehicles due to rising housing costs, inflation, and financial instability.
While not a law, the "3x rent rule" is a widely adopted industry standard used by many landlords and property management companies to screen prospective tenants for financial stability.