In June of 2019, the median rent for a one-bedroom apartment in New York City shot up to $2,980, hitting a three-year high.
New York City is home to one of the country's most expensive rental markets. The rental markets in both Brooklyn and Manhattan saw an extremely expensive July, according to Douglas Elliman's monthly rental report. According to the report, the median rent in Brooklyn in July was $3,000. June 2019 was the first time the median rent in Brooklyn hit $3,000 — a record high, according to Elliman, after 11 years of tracking. Visit Business Insider's homepage for more stories.
New York City is home to one of the country's most expensive rental markets. The rental markets in both Brooklyn and Manhattan saw an extremely expensive July, according to Douglas Elliman's monthly rental report. According to the report, the median rent in Brooklyn in July was $3,000. June 2019 was the first time the median rent in Brooklyn hit $3,000 — a record high, according to Elliman, after 11 years of tracking. Visit Business Insider's homepage for more stories.
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