Manhattan's Median Rent Surges to New Record High in April
TL;DR Summary
New York City rents have hit another record high, with the median price of an apartment in Manhattan reaching $4,241, up 1.6% from March. The median Brooklyn rental jumped 15% to $3,500 in the year to April, while the northwest area of Queens rose 13% from a year earlier to $3,525. Landlords are confident they can fill empty apartments and are jacking up prices and cutting back on incentives, defying a nationwide trend of falling rents.
- NYC rents reach ANOTHER record high: Median cost of an apartment in Manhattan is $4,241 Daily Mail
- Manhattan rents reach (another) record high CNN
- New York City sees record-high rents for April: Douglas Elliman report Crain's New York Business
- Manhattan rents top all-time high at more than $4,200 per month New York Post
- Manhattan's April Rent Tops March's Record The Real Deal
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