New York: Median Gross Rent Trend
How New York'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
$1,194
2023
$1,576
Total change
+$382
% change
+32%
| Year | Median Gross Rent | Change |
|---|---|---|
| 2017 | $1,194 | — |
| 2019 | $1,280 | +$86 (7.2%) |
| 2020 | — | — |
| 2021 | $1,390 | — |
| 2022 | $1,507 | +$117 (8.4%) |
| 2023 | $1,576 | +$69 (4.6%) |