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

Arsenal of ghost guns and thousands of rounds seized during Rockaway Park raid: DA

A Rockaway Park man was criminally charged with a slew of crimes after an arsenal of more than 30 firearms, including ghost guns and assault weapons, was uncovered along with thousands of rounds of ammunition and other weapons-related paraphernalia were seized during a raid at his home on Beach 117th Street on Wednesday.

Ryszard Materna, 51, was arraigned Thursday before Queens Criminal Court Judge Germaine Auguste on a 281-count complaint after a long-term investigation into his purchase of polymer-based firearm components that can easily be assembled into operable weapons, known as ghost guns.

Armed robber hits 7-Eleven stores in three Queens neighborhoods in just over an hour Wednesday morning: NYPD

Police from two Queens NYPD precincts are looking for an armed robber who targeted 7-Eleven stores in three different neighborhoods in just over an hour during the early morning of Wednesday, Apr. 17.

Police from the 106th Precinct in Ozone Park reported that the first heist went down just before 2:25 a.m. at the 7-Eleven located at 112-11 Liberty Ave. in South Richmond Hill. The perpetrator allegedly pulled out a handgun and demanded money from the 23-year-old man behind the counter, who complied, handing over $400 in cash from the register, police said.

Jamaica Estates man beaten, robbed by bat-wielding thugs near Cunningham Park: NYPD

A 22-year-old Jamaica Estates man was beaten and robbed in broad daylight three blocks west of Cunningham Park on Saturday, and police from the 107th Precinct in Fresh Meadows are looking for the suspects who attacked him with a baseball bat.

The incident occurred just after 7 p.m., as the victim was walking home in the vicinity of 189th Street and Aberdeen Avenue when he was set upon by the two assailants who struck him in the face and head with the baseball bat, police said. They forcibly removed his cell phone and fled in a black Pontiac Grand Am, heading northbound on 109th Street toward Union Turnpike.