You are reading

Median price of one-bedroom units in NYC at all time high of $4,300 in November: report

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.

The soaring median rent has played a big role in city data concluding that more than half of the households in New York City being rent-burdened. According to the data cited in the report from Zumper, these households spend at least 30% of their income on rent.

Of the 100 cities across the country examined in the report, New York City ranked at the top in median rent. New York City is actually defying national trends when it comes to median rental prices for one-bedroom and two-bedroom units. The median rent is trending down nationally, but continues to rise in New York City.

One-bedroom units have increased in median rent by 1.4% from October to November 2023. The increase is even larger for two-bedroom units, going up 4.6% over that same span.

60 of the 100 cities on the list have one-bedroom median rents lower than last month and another 11 are flat month-over-month. New York City is one of the 29 that are up. Half the cities on the top 100 list have increased year-over-year since November 2022.

Recent News

Disgraced former Queens Council Member Dan Halloran arrested on child porn charges

Former Queens Council Member Dan Halloran, who was convicted in 2014 for his role in two bribery and corruption schemes and served five years in federal prison, is in trouble with the law again.

Halloran was arrested at Miami International Airport on Saturday, March 29, and charged with possessing child pornography and transporting child pornography after U.S. Customs and Border Protection officers inspected his Apple iPhone 14 Pro Max and an Apple iPad 6th Generation tablet and discovered several videos of suspected child pornography located in a hidden folder album on the phone’s photos application, according to the criminal complaint filed in the Southern District of Florida.

Southeast Queens man convicted of triple murder in 2022 stabbing rampage that killed girlfriend, her son and cousin: DA

A Jamaica man was convicted at trial Tuesday of murder in the first degree and other crimes for the vicious stabbing deaths of his girlfriend, her son and a visiting cousin during a bloody rampage in June 2022.

Travis Blake, 31, of 155th Street, faces up to life in prison at sentencing following the three-and-a-half-week-long trial. The jury deliberated for just two hours before reaching the guilty verdict in Queens Supreme Court.

Op-ed: The crisis facing immigrant gender-based violence survivors

April 2, 2025 By Assembly Member Jessica González-Rojas, Zeinab Eyega and Yasmeen Hamza

As advocates who have dedicated our careers to achieving gender equity and justice, and as the representative of and service providers for some of the most culturally diverse districts in the country, we know firsthand the importance of ensuring that survivors of gender-based violence receive support that speaks to their specific needs. In Queens, where nearly 300 languages and dialects are spoken and we face the third-highest rate of reported domestic violence in New York State, the call for culturally specific services is urgent—and it is time for us to act.