Rents in Manhattan and Queens recover while Brooklyn lags behind
New York City made a rental comeback in December, with Manhattan and Queens leading the resurgence. As rent explodes...
NYC Rental Market
New York’s rental market is a sector of the residential market that covers temporarily rented apartments, condos, or houses. New York is often thought of as a renter’s city, with a high proportion of residents renting rather than owning their homes.
NYC Rental Market Q&A
What properties are rented in the NYC rental market?
All types of residential properties can fall into the rental market. New Yorkers rent basement apartments, luxury condos, historic townhouses, and even detached homes. Some buildings are entirely rentals; others are mixed renting and owning. Some New Yorkers rent entire apartments or homes for themselves and others share with roommates or family members. New Yorkers participating in the rental market also include landlords and property owners, who are responsible for maintaining buildings and make profit off of their residential holdings.
Want to know more about the NYC rental market?
Check out our Top Stories below for TRD's most up-to-date coverage of NYC's rental market.
NYC Rental Market Top Stories
August 1, 2019—Venture capital-backed Nestio is automating the rental application process through its new platform, “Funnel by Nestio.”
July 11, 2019—Douglas Elliman and Citi Habitats’ June rental report shows strengthening market in outer boroughs.
The Latest
As rent explodes nationally, New York City tops the charts
The New York City rental market has staged the biggest comeback since the Jets’ Monday Night Miracle. At this...
Rent-controlled units need 11% rent hike, but landlords will get 1%: analysis
Landlords whose tales of soaring expenses were largely ignored by the Rent Guidelines Board can now say, “Told you...
Tribeca penthouse rents for $85K per month, possibly setting NYC record
A Tribeca penthouse may have just become the priciest rental in New York City history. The sprawling triplex atop...
$125M for landlords with delinquent tenants now up for grabs
Before this week, the state’s rent relief program had proved an empty offer for landlords like Claudia Avin. The...
Landlords brace for winter as natural gas costs soar
Natural gas futures hit a 12-year high Tuesday as supply constraints collided with forecasts of a nationwide cold front,...
Voucher recipients less likely to be vulnerable to eviction, study finds
Tenant advocates and lawmakers pushed for the extension of New York’s eviction ban on the grounds that the city’s...
New York’s rent relief fund may run dry Monday
UPDATED Sept. 21, 2021, 6:11 p.m.: After weeks of warnings that New York’s rent debt would exceed the available...
Two more rent law challenges tossed, landlords rest hopes on appeal
A federal judge dismissed two more challenges to the 2019 rent law, one brought by city landlord G-Max Management,...
Manhattan, Brooklyn break August leasing records, but fall short of spring rebound
Most New York City office workers were supposed to head back to their desks in September, but just the...