Real Estate

NYC Rent Goes Up $20 In September, But Still At All-Time High: Study

Have $3,950 to spare for a one-bedroom?

NEW YORK CITY — Good news, New York City renters — the typical price for a one-bedroom only went up $10 in September, a new study found.

But here's the bad news: it still set an all-time high.

A new rent study by Zumper found the typical, or median, price for a New York City one-bedroom stood at $3,950.

Find out what's happening in New York Cityfor free with the latest updates from Patch.

August's price was $3,940, another recent Zumper analysis found.

"New York prices have been soaring ever since the city overtook San Francisco last August as the country’s most expensive rental market," the study states.

Find out what's happening in New York Cityfor free with the latest updates from Patch.

"As we reported last month, these price increases are especially drastic in Brooklyn and Manhattan."

The price for a typical two-bedroom in September also had a relatively minor increase from the previous month: $20, according to the study.

But the price still stood at $4,410, the study found.

For some cold comfort, median prices nationally for one- and two-bedrooms reached all-time highs.

Those highs, however, are at levels many New Yorkers would find downright dirt cheap: $1,503 for one-bedrooms and $1,845 for two-bedrooms, the study found.

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