April 16, 2024

RENTBETTA.com Announces Median Rent in New York City Decreased 3.0% in November

Grand News Network | December 3, 2023

Rents in New York City dip 3.0% in November for an index of no fee apartments, a welcome relief for renters.

New York City, New York, United States, 1st Dec 2023 – Key Points

  • Median NYC rent decreased 3.0% sequentially in November from the prior month
  • $4,594 now the median rent in NYC rent for a no fee apartment 
  • 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.

RENTBETTA.com Announces Median Rent in New York City Decreased 3.0% in November

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 to sign a 12 month lease. Find more tips about renting in New York City at RENTBETTA.com/blog.

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.

Media Contact

Organization: RENTBETTA.com

Contact Person: Media Team

Website: https://rentbetta.com

Email: Send Email

Address: 188 Grand St

Address 2: Unit 302

City: New York City

State: New York

Country: United States

Release Id: 0112238121

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