New York City Rents Hit Record Highs Amid Nationwide Housing-Price Increases

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Where would you pay over $4,000 a month for a one-bedroom apartment? In 20 of New York City’s neighborhoods.

In Manhattan, the median asking rent in June was 39% higher than a year earlier.New York City rents hit an all-time high in June, reaching $3,500 a month as prices skyrocket from pandemic lows.

 

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