A few years ago, I had a student who was extremely anxious as the summer approached. While most of her classmates couldn't wait for graduation or summer break, she was scared. She had no family and had no place to live. Her worry about finding short-term housing was preventing her from sleeping at night and she began having difficulty in her coursework.
This is just one example of one of the challenges many people face—and not just students or low-income people. The cost of housing has priced many people out of the rental market, even people with steady incomes. The rental website Zumper lists the average rents in the 50 largest cities in the U.S. In nearly half (22) of these cities, the median rent for a one-bedroom apartment is over $1,000. That's about what a minimum wage earner makes in a month before taxes, assuming they earn the federal minimum wage of $7.25 and work 40 hours a week.