When is your rent going up?
The average rent in New York City rose by $1,200 in the past year to an average of $1.2 million, according to the latest numbers from the city’s Department of Consumer Affairs.
The number of apartments in the city with a rent increase more than doubled to 1,922 from 924 in the same period a year ago, the data showed.
The average apartment rent for a one-bedroom apartment in Manhattan rose by almost $1 to $1 million.
Rents in the Bronx rose by more than $1 a month to $2,600, while in Queens, they jumped by more $800 to $3,300.
Brooklyn’s median rent jumped to $837 per month, the most of any borough, while the citywide average rose by just $250 to $870.
The increase in the number of rental units in Manhattan came despite a citywide slowdown in rental growth, the DCA said.
The numbers from NYC DCA will be released this afternoon, but the department has not yet announced the results.