NYC-area records sixth-highest rent

While the greater New York City area is notorious for its expensive rental market, a new report from the U.S. Census Bureau shows that the greater San Jose and San Francisco markets have the first- and second-priciest rental rates, respectively. The report, released today, says that the New York City metro area’s median gross rent was at $1,125 — making it sixth in the nation. The report lumps New York City, Northern New Jersey and Long Island into one market, and notes that the region only barely beats the seventh-priciest market, Boston, which had median gross rent of $1,123. TRD