Manhattan housing costs increase as rents rise to $3,785

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In the third quarter of 2026, New York City rental prices reached a record median of $3,785, marking a 4.5% increase from the previous year according to the Realtor.com NYC Rental Report. Manhattan experienced the highest borough-specific growth at 8.3%, while smaller units with zero to two bedrooms saw a citywide rent increase of 7.1%. Despite these rising…

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