For the first time, the average rent for an apartment in Manhattan rose above $5,000 a month in June.
Many people are struggling financially, especially in the wake of the COVID-19 pandemic, going to bed every night worried they'll be evicted. Dan Krauth has the story.That's more than $2,000 more than a year ago.
Meanwhile, the average price for a one-bedroom apartment is $4,278, up more than $800 than a year ago.Experts say looking toward the fall and into next year, prices are more likely to level off than drop.
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