{"id":645129,"date":"2023-04-03T09:34:01","date_gmt":"2023-04-03T09:34:01","guid":{"rendered":"https:\/\/www.abnewswire.com\/pressreleases\/?p=645129"},"modified":"2023-04-03T09:34:01","modified_gmt":"2023-04-03T09:34:01","slug":"nyc-median-rents-decreased-16-in-march-for-no-fee-apartments","status":"publish","type":"post","link":"https:\/\/www.abnewswire.com\/pressreleases\/nyc-median-rents-decreased-16-in-march-for-no-fee-apartments_645129.html","title":{"rendered":"NYC Median Rents Decreased 1.6% in March for No Fee Apartments"},"content":{"rendered":"
\"NYC<\/a><\/div>\n
March decrease in NYC median rents follows surprising rental market strength throughout the winter, and may reflect the impact of job cuts in the tech sector.<\/div>\n

RENTBETTA.com, a website offering no fee apartments<\/a> in New York City directly from leasing offices and building owners, announces median rents decreased 1.6% in March from the month prior.<\/p>\n

The largest declines were for 1 bedroom and 2 bedroom apartments, while larger 3 bedroom apartment pricing was relatively flat month-over-month.<\/p>\n

March 2023 median rent in NYC is -1.6% to $4,745 for no fee apartments<\/p>\n

The median price for all no fee apartments across NYC is $4,745, though there are studio apartments available starting at $1,187, one bedroom apartments available starting at $1,484, and two bedroom apartments available starting at $2,349.<\/p>\n

While living in NYC is expensive, renters can save money<\/a> by avoiding broker fees<\/a> and splitting an apartment with roommates, as larger apartments are much cheaper on a rent-per-bedroom basis.<\/p>\n

March’s decrease is a welcome relief for apartment seekers, who have endured a surprisingly strong rental market this winter.  The median rent in November<\/a> was $4,576, meaning rents in NYC increased 4% during the winter, instead of their typical seasonal decline of 5-15%.<\/p>\n

In NYC, rents typically decline during the winter and increase through the summer.<\/p>\n

The RENT BETTA team expects apartment rents to increase in the coming months in line with seasonal patterns, though that may be offset this year by macroeconomic factors like a slowing economy, especially if NYC-area job cuts are broad based.<\/p>\n

The data is based on over 1,200 no fee apartments available on RENTBETTA.com<\/a>, which connects renters directly with leasing offices to tour and apply for apartments.  By cutting out brokers, RENT BETTA eliminates broker fees and fake broker listings for renters.<\/p>\n

A blog post with more details is available at RENTBETTA.com\/blog<\/a>.<\/p>\n

About RENT BETTA<\/strong><\/p>\n

RENTBETTA.com<\/a> saves renters thousands of dollars in broker fees by offering no fee apartments<\/a> from dozens of property managers across NYC, all on one website. Users can book a tour and apply for any apartment on the site and will be connected directly with a leasing office, not a broker. <\/p>\n

Journalist?  Email media@RENTBETTA.com for early access to original data on the NYC rental market.<\/p>\n

Media Contact<\/span>
Company Name:<\/strong> RENT BETTA<\/a>
Contact Person:<\/strong> Greg Rose
Email:<\/strong> Send Email<\/a>
Country:<\/strong> United States
Website:<\/strong> rentbetta.com<\/a><\/p>\n

<\/object>\"\"<\/p>\n","protected":false},"excerpt":{"rendered":"

March decrease in NYC median rents follows surprising rental market strength throughout the winter, and may reflect the impact of job cuts in the tech sector. RENTBETTA.com, a website offering no fee apartments in New York City directly from leasing … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[401,426,427,440,404],"tags":[],"class_list":["post-645129","post","type-post","status-publish","format-standard","hentry","category-Business","category-Financial-Market","category-Personal-Finance","category-Real-Estate","category-US"],"_links":{"self":[{"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/posts\/645129","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/comments?post=645129"}],"version-history":[{"count":0,"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/posts\/645129\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/media?parent=645129"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/categories?post=645129"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/tags?post=645129"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}