RENTBETTA.com Announces Median Rent in New York City Decreased 3.0% in November
December 1, 2023
Key Points
Median NYC rent decreased 3.0% sequentially in November from the month prior
Median NYC rent for a no fee apartment now $4,594
The RENTBETTA.com team expects rents to decline through Winter, with February the cheapest month to rent
RENTBETTA.com, a new site offering no fee New York City apartments for rent directly from property managers and landlords, announces rents decreased -3.0% sequentially in November to a median of $4,594.
Median New York City Rents for No Fee Apartments
November, 2023 $4,594 -3.0%
October, 2023 $4,734 +1.5%
September, 2023 $4,665 +1.4%
August, 2023 $4,600 -6.2%
July, 2023 $4,904 -2.0%
June, 2023 $5,005 -0.2%
May, 2023 $5,016 +2.6%
April, 2023 $4,887 +3.0%
March, 2023 $4,745
Median rents as of month end. Source: RENTBETTA.com
The data is based on approximately 1,500 apartments available directly from leasing offices across New York City, without a broker or broker fee. RENTBETTA.com is the largest source of direct, no fee apartments available for rent in the five boroughs.
The RENTBETTA.com team expects rents to continue to cool through the winter months, with February typically being the ideal month for renters to sign a 12 month lease.
About RENT BETTA
RENTBETTA.com eliminates broker fees by connecting renters directly with property managers in NYC that let you rent directly from their leasing offices. Users can book a tour and apply for any apartment on the site and will be connected directly with the leasing office, not a broker.
Journalist?
Email media@RENTBETTA.com for early access to our original data on the NYC rental market, before similar reports are available from competitors.