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Median rent increased in NYC during second quarter of 2025 compared to previous year: report
Median rent increased in NYC during second quarter of 2025 compared to previous year: report

Aug. 13, 2025 By Ethan Marshall

Rental properties across all of New York City experienced a slight jump in median asking rent from last year during the second quarter of 2025, which spans from April to June, according to a report by Realtor.com.

There was a 3.7% year-over-year increase in asking rent for all New York City properties listed on Realtor.com, from $3,368 in the second quarter of 2024 to $3,491 in the second quarter of 2025. This new median rent also represents a significant boost from the pre-pandemic levels in 2019, up 22.4%, from $2,851.

Demand was much higher for units with up to two bedrooms, compared to those with at least three bedrooms. Such high demand contributed to a fairly large rise in the median rent for these units. Units with between zero and two bedrooms rose in rent by 4.2%, from $3,299 in the second quarter of 2024 to $3,436 in the second quarter of 2025. Over the same period of time, the median rent for units with at least three bedrooms remained mostly static, going up just 0.2%, from $5,047 in 2024 to $5,055 in 2025.

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