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

RSA President Joseph Strasburg (Rent Stabilization Association)

Landlords plea for water rate freeze ahead of vote

New York City landlords are hoping to avoid taking a bath on their water bills. As the city’s Water...

Landlords plea for water rate freeze ahead of vote
(iStock)

NY’s rent relief program launches, with glitches

Landlords and tenants awaiting the launch of New York’s rent relief program Tuesday morning were met with error messages...

NY’s rent relief program launches, with glitches
The reopening of NYC has created a surge of demand for apartments. (Getty)

Reopening sparks signs of a real estate rush

The day after Mayor Bill de Blasio’s announcement that New York would be back at “full strength’’ by July...

Reopening sparks signs of a real estate rush
Stimulus payments, the vaccine rollout, low inventory of homes for sale and the recovering economy likely contributed to landlords accelerating the pace of rent increases last month. (iStock)
National

Rent hikes are back

The pandemic did not stop rents from increasing, but it steadily slowed that increase to almost nothing. However, the trend ended last month, according to a new report. In March, year-over-year rent growth was...

Rent hikes are back
(iStock)

NYC rents hit record lows at the start of 2021

New York City rents hit record lows during the first quarter of 2021, but that could change as competition...

NYC rents hit record lows at the start of 2021

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