New York

Average cost to rent New York City apartment up 18% over last year, report finds

NEW YORK — Rent is on the rise in the New York City metro area, especially for studio apartments. 

According to Realtor.com’s April rental report, the average cost for renting a studio apartment jumped 29.1% to $2,581. 

For a one bedroom, it’s $2,573, up 12.2%, and for a two bedroom, it’s $3,166, up 13.1%.

Overall, the average cost to rent an apartment is now $2,845, an 18% jump over April of last year. 

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