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, 2019Venture capital-backed Nestio is automating the rental application process through its new platform, “Funnel by Nestio.”
July 16, 2019The complaint alleges the rent law violates the U.S. Constitution
July 11, 2019Douglas Elliman and Citi Habitats’ June rental report shows strengthening market in outer boroughs.

The Latest

Moody’s Analytics' Thomas LaSalvia
National Weekend Edition

Average American tenant is rent-burdened

The average American renter is cost-burdened like never before. The typical renter is paying 30 percent of their median income for an average rent, according to a fourth-quarter housing affordability report  from Moody’s Analytics....

Average American tenant is rent-burdened
George Santos and 90-02 Queens Boulevard (Photo Illustration by Steven Dilakian for The Real Deal with Getty, Google Maps)

Santos eviction drama shows how tenants exploit rent relief

Amid a reckoning over his largely fabricated resume, New York Representative-elect George Santos has managed to stir up a...

Santos eviction drama shows how tenants exploit rent relief
Alpha Realty’s Lev Mavashev, Ariel Property Advisors’ Shimon Shkury, and CHIP’s Jay Martin (Getty; Illustration by The Real Deal)

Signs of distress hit rent-stabilized buildings

Since October, Lev Mavashev has been fielding more and more calls from owners looking to unload rent-stabilized buildings with...

Signs of distress hit rent-stabilized buildings
A photo illustration of RuthAnne Visnauskas, Commissioner of the New York State Division of Housing and Community Renewal (Getty, NYS of Housing and Community Renewal, YouTube)

How did 116,000 rent-stabilized units vanish?

There’s a mystery afoot in New York City’s rental market, where the count of rent-stabilized units fell by 12...

How did 116,000 rent-stabilized units vanish?
Airbnb's Brian Chesky and Mayor Eric Adams (Getty) 

New rules could help landlords avoid Airbnb fines

There are few things that landlords, tenants and elected officials agree on, but they have unified against a common...

New rules could help landlords avoid Airbnb fines

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