I would say this is the case in most of America And Canada, excepting LA, NYC, SF, Toronto, and Vancouver. Even in my rural area, landlords regulary charge way move than what a mortgege payment would be on a coparable home. I'm not sure how lonadlords can justify the ROI of charging $2500 on a $1.4M home, make no financial sense to me unless its mortgage free. Hell in my town, $700k homes rent for more than $3500/month.