New York city: Median Gross Rent Trend
How New York city's median gross rent changed from 2017 to 2023, based on U.S. Census Bureau ACS 5-Year Estimates. The 2019 vintage reflects the pre-COVID peak; 2021 captures the immediate COVID-era disruption; 2022–2023 show the recovery.
2017
$1,340
2023
$1,779
Total change
+$439
% change
+32.8%
| Year | Median Gross Rent | Change |
|---|---|---|
| 2017 | $1,340 | — |
| 2019 | $1,443 | +$103 (7.7%) |
| 2020 | $1,489 | +$46 (3.2%) |
| 2021 | $1,579 | +$90 (6%) |
| 2022 | $1,714 | +$135 (8.5%) |
| 2023 | $1,779 | +$65 (3.8%) |