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New York City registered record-high rents in the third quarter as renters competed for smaller units in one of the most expensive rental markets in the country.
The median asking rent in the Big Apple was $3,785 per month in the quarter, up by 4.5 percent, or $162, from the same quarter in 2025, according to an Oct. 27 report from Realtor.com. This is the highest level since Realtor.com started tracking the data in the second quarter of 2019.
Since then, the median asking rent has risen by 27.5 percent, or $816 a month, above pre-pandemic levels.
In comparison, Realtor.com’s Oct. 15 report showed that the national median asking rent was $1,694 per month in September—less than half of New York City’s median rent. …
The median asking rent in the Big Apple was $3,785 per month in the quarter, up by 4.5 percent, or $162, from the same quarter in 2025, according to an Oct. 27 report from Realtor.com. This is the highest level since Realtor.com started tracking the data in the second quarter of 2019.
Since then, the median asking rent has risen by 27.5 percent, or $816 a month, above pre-pandemic levels.
In comparison, Realtor.com’s Oct. 15 report showed that the national median asking rent was $1,694 per month in September—less than half of New York City’s median rent. …
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