New York City Rental Report 2025Q2: Closing the Affordability Gap Would Take Decades, Not years

Highlights – In 2025Q2, the median asking rent in New York City registered at $3,491, an increase of $123, or 3.7%, compared with a year ago. – The median asking rent for 0-2 bedrooms in New York City was $3,436, reflecting an increase of $137, or 4.2%, from the previous year, while rent for 3+
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