The Zumper New York Metro Area Report analyzed active listings last month across metro cities to show the most and least expensive cities and cities with the fastest growing rents. The New York one bedroom median rent was $2,486 last month.
The Most Expensive
- New York City, NY ranked as the most expensive city with one-bedrooms priced at $4,330.
- Hoboken, NJ was the second priciest with rent at $3,510.
- Jersey City, NJ ranked third with rent at $3,050.
The Least Expensive
- Kingston, NY ranked as the most affordable city with one-bedrooms priced at $1,500.
- Bridgeport, CT was the second least expensive with rent priced at $1,650.
- Paterson, NJ ranked as third with rent at $1,730.
The Fastest Growing (Y/Y%)
- Newark, NJ had the fastest growing rent, up 16.7% since this time last year.
- White Plains, NY saw rent climb 13.5%, making it the second fastest growing.
- Newburgh, NY was third with rent increasing 12.3%.
The Fastest Growing (M/M%)
- Stamford, CT rent was the fastest growing, up 6.1%.
- Hoboken, NJ was second with rent climbing 6%.
- Newburgh, NY ranked as third with rent increasing 3.8% last month.
About
The Zumper New York City Metro Area Report analyzed active listings that hit the market last month. Listings are aggregated by city to calculate median asking rents.
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