“We’re talking about the death of the American Dream for more than one group of people.”
Average rent prices for apartments nationwide are currently $1,109.73 a month, according to a real estate firm called Reis, but NYC remains the most expensive with average rents hitting $3,017.19 a month across the four largest boroughs (Manhattan, Queens, Brooklyn and the Bronx). It’s insane, especially since the second most expensive market, San Francisco averages at $1,998.82 a month. The least expensive market, Oklahoma City, had rents averaging at $571.03 a month.
Next American City has a very interesting post looking at Berlin’s history, and why rent there has remained so low, compared to other major cities.
The Supreme Court decided not to hear a case challenging New York’s rent control laws, so we’ll just have to continue our arguments about the outrageous amounts of money we pay for rent with our friends over expensive brunches and $14 cocktails.