You are reading

National rent report shows median price of one-bedroom units in NYC are now over $4K

Sep. 27, 2023 By Ethan Marshall

According to Zumper’s latest National Rent Report, the median rental price for one-bedroom units across New York City has risen above $4,000. New York City retained its rank as the most expensive city to pay rent among the 100 cities included in the study.

One-bedroom units in New York City set a new record with the rent increasing 2.3% from August to September to $4,080. This also represented a 3.3% increase from September 2022. This rent is nearly 29% more than the next-highest on the list, Jersey City, which has a one-bedroom rent of $3,170. This comes despite the national median for one-bedroom homes increasing just 0.5% compared to September 2022, the smallest year-over-year increase in more than two years.

Two-bedroom units also experienced rent increases in New York City. At $4,580 this month, the median rent for September is 1.8% more than August and 3.9% more than the median rent in September 2022.

The Zumper National Rent Report analyzes rental data from more than 1 million active listings across the country, which are then aggregated on a monthly basis to calculate median asking rents for the top 100 cities by population and migration patterns. This provides a more comprehensive view of the current state of the market. Any data reported does not factor in short term listings.

Recent News

Ridgewood mother and daughter arrested for attacking woman over parking spot: NYPD

A Ridgewood mother and daughter were arrested Monday after they ambushed a young Black woman who tried to park her car in a spot in front of their apartment building that they frequently cordon off with garbage cans and traffic cones.

A family friend was standing at the northeast corner of Onderdonk Avenue and Putnam Avenue at around 7:30 p.m. when the 21-year-old Jada McPherson tried to park her car in the spot. The man placed a garbage can in her way. She drove off and circled the block multiple times. She tried to pull into the same spot one more time, but the man tried to stop her again. McPherson got out of her car to confront him, and an argument ensued.

Man in his 50s sought for exposing himself to 13-year-old on E train in Forest Hills: NYPD

Police from the 112th Precinct in Forest Hills and Transit District 20 are looking for a suspect who allegedly flashed a 13-year-old girl on a Queens subway train last month.

The victim was riding a southbound E train approaching the Kew Gardens-Union Turnpike station at around 1 p.m. on Monday, June 30, when she saw a stranger exposing himself to her, police said Wednesday. The perpetrator ran off the train at the Kew Gardens-Union Turnpike station and fled in an unknown direction. The youngster was not injured during her encounter with the stranger.