NYC's Nation-Leading Rents Grow Even Higher, Study Finds

NEW YORK CITY — New York City yet again won a title no city wants to claim — and renters are literally paying for it.

Rent in New York City remained as the most expensive in the nation, according to a new Zumper study.

And it's getting even more pricey — the monthly cost for one- and two-bedroom apartments shot up 30.4 percent and 26.1 percent, respectively, from this point last year, the study found.

Whether in New York City or elsewhere, the cost of renting so far this year is rising faster than 2021, the study found.

"That rent growth in 2022 is outpacing 2021 is a sobering thought, given that 2021 likely experienced the most rent growth of any year in a generation," it states.

Rent for a New York City apartment has always been famously, as one local political party puts it, "too damn high."

But the study helps provide some eye-watering context.

The typical one-bedroom rent nationwide in March cost $1,400 — an all-time high, according to the study.

But that's a drop in the bucket compared to the typical cost of a New York City one-bedroom this month: $3,260.

Two-bedrooms in the city typically cost $3,380, the study states.

The typical cost for one- and two-bedrooms in the city rose 5.2 percent and 2.4 percent in a single month, the study found.

Read the full Zumper study here.