Nov. 29, 2023 By Ethan Marshall
The median rent price for one-bedroom units in New York City rose to an all-time high of $4,300 in November 2023, according to a report by the national real estate firm Zumper.
This new high comes shortly after the median rent rose to above $4,000 for the first time ever in September 2023. The new median rent price represents a 13.5% year-over-year increase when it came to one-bedroom units.
Additionally, two-bedroom units in New York City have also soared in median rent price, increasing 13.1% year-over-year to $5,000 in November 2023.