Real Estate
NYC Rents Dip, But Remain 20% Higher Than Last Year: Study
A two-bedroom still cost $4,000 in New York City during February, but two nearby cities were even more expensive, a new study found.
NEW YORK CITY — New York City apartment hunters saw rents dip yet again in February, but their wallets likely still are much thinner than a year ago, a new study found.
The rents for one-bedrooms and two-bedrooms dipped 3.8 percent and 3.6 percent last month from January, according to a Zumper study released this week.
The study looked at prices across the entire metro area and, unsurprisingly, the city remained astronomically more expensive than most of its neighbors.
Find out what's happening in New York Cityfor free with the latest updates from Patch.
"New York City was the most expensive market with one-bedrooms priced at $3,550," the study states.
But there was one arguable surprise: two nearby cities had rents for two-bedrooms higher than New York City's $4,000 for February, according to the study.
Find out what's happening in New York Cityfor free with the latest updates from Patch.
Two-bedroom rents in Hoboken and White Plains stood at $4,180 and $4,010 last month, the study found.
Get more local news delivered straight to your inbox. Sign up for free Patch newsletters and alerts.
