Rent in New York City at Record Levels, Expected to Continue Increasing

Kevin Hogan
By Kevin Hogan
August 30, 2023NTD Good Morning

Rent in New York City is hitting record levels—and it’s only expected to go up from here. Right now the median rent for a one-bedroom apartment in Manhattan is about $4,500. Furthermore, the Rent Guidelines Board appointed by the mayor recently increased rent by about 3 percent for over a million rent-stabilized apartments.

NTD spoke to Sam Goldberg, a tenant attorney at Goldberg and Lindenberg, P.C., to find out more about the financial complexities of being either a tenant or a landlord in New York.

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