Home News No-fee NYC apartments hit a $4,735 median: study

No-fee NYC apartments hit a $4,735 median: study

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How high can rent be in New York City?One month after the bomb market report, the median rent in Manhattan Reached an astonishing $ 4,000 first time, Survey from new rental site Aggregates where the sum of empty heights is already higher, at least for certain types of units.

Rent a bettaPortal with only Free list Median city rent for free units (defined as units where tenants do not have to pay fees or broker fees) reached $ 4,735 in the second quarter as users can rent directly from landlords and rental offices. I found out.

The site surveyed 1,070 lists in all five provinces of the city, of which about 70% were in Manhattan. The median price was found to be up 9% from the first quarter of 2021, when Rentbetta recorded a median of $ 4,360.

The numbers have been offered as apartments, especially since late 2021. I’ve seen dramatic price increases.. It was not only by New Yorkers who returned to the city from a pandemic hideout when schools and offices reopened, but also by out-of-town people who worked remote and moved to Big Apple to take advantage of their continued flexibility. Was also energized. However, Rent Betta is looking at other recent factors of increase, such as inflationary pressures and summer demand.

New York City unit rents show a sudden change from the pandemic-era discounts that passed through the roof last year and allowed many locals to upgrade.
Christopher Sadowsky

It’s in stark contrast to when Used by a local tenant In 2021, you can lower your rent in the pandemic era by scoring upgraded apartments at the same price or less.

Rent Betta found that prices for two-bedroom and three-bedroom pads rose most dramatically each quarter. They rose 22% to a median of $ 5,829 and 30% to $ 7,492, respectively. Meanwhile, the average price of free studios rose 12% quarterly to $ 3,693, and one bedroom rose 8% to $ 4,415.

The cost is high, but research shows that there are ways to save a little (a little) money. Among them, the arrangement of traditional roommates.

For example, splitting a two bedroom costs $ 2,915 per room, while sharing a three bedroom costs $ 2,497 per room. Rent Betta found that sharing 4 bedrooms could save the most. Its median rises 14% quarterly to $ 8,298 and costs $ 2,075 per bedroom.

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