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NYC Median Rents Decreased 2.0% in July for an Index of No Fee Apartments

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NYC Median Rents Decreased 2.0% in July for an Index of No Fee Apartments

August 05
00:17 2023

RENTBETTA.com, a website offering no fee apartments in New York City directly from property managers, announces median rents decreased -2.0% in the month of July.

The median rent in New York City for July, 2023 was $4,904. Many apartments are cheaper, with rents starting at $1,575 for a studio and $1,925 for a one bedroom, all available without paying a broker fee.

Median rents for no fee apartments in NYC, as of month end in 2023. Source: RENTBETTA.com

July’s decrease is a welcome relief for New York City’s renters, who have suffered tight rental market conditions during peak seasonal summer demand. Typically, rents across New York City do not noticeably decrease until September or October, then continue to decline through the winter and bottom during February when it is most difficult, but the most affordable, to move.

The data is based on over 1,300 no fee apartments for rent directly from dozens of property managers and landlords on RENTBETTA.com. The site connects renters directly with leasing offices across New York City to book a tour and apply for apartments, without a broker or paying broker fees.

Blog posts with tips to save money renting and more historical data are available at RENTBETTA.com/blog.

About RENT BETTA

RENTBETTA.com saves renters thousands of dollars in broker fees by offering no fee apartments from dozens of property managers across NYC, all on one website. Users can book a tour and apply for any apartment on the site and will be connected directly with a leasing office, not a broker.

Journalist?

Email [email protected] for early access to original data on the NYC rental market. We publish monthly trends in median NYC rents weeks before similar data is available from competitors.

Media Contact
Company Name: RENT BETTA
Contact Person: Media Team
Email: Send Email
Phone: 918-227-2053
Country: United States
Website: https://rentbetta.com