Manhattan rents surged 23% in January compared to the same month last year — approaching record highs that were reached just before the onset of the coronavirus pandemic. The median price of …
in the borough for the month of January was set in 2020, when Manhattanites were paying $3,472.
Manhattanites paid a median rental price of $3,467 in January — a 23% jump compared to the same period last year.In December, the average cost of Manhattan apartment rentals surged to the highest ever for that month, with landlords demanding double-digit rent increases amid sharply dwindling supply. Renters won’t find much relief in the outer boroughs. The median rent price in Brooklyn for the month of January increased by 11.1% to $2,747 compared to January 2021, according to the report.
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