Renters in NYC are paying 20% more than last year: report

NEW YORK (PIX11) -- Rent prices for one-bedroom apartments in New York City have increased by 19.9% compared to last year, according to Zumper.

The median price for a one-bedroom apartment in the city is now $4,280, which also reflects a 1.9% increase from last month.

NYC rent prices increased 7 times faster than wages in 2023: report

Hoboken is listed as the second priciest city with the median price for a one-bedroom apartment sitting at $3,500.