{"id":15022,"date":"2025-06-26T01:41:12","date_gmt":"2025-06-26T01:41:12","guid":{"rendered":"https:\/\/www.europesays.com\/us\/15022\/"},"modified":"2025-06-26T01:41:12","modified_gmt":"2025-06-26T01:41:12","slug":"nyc-no-longer-has-the-highest-average-rent-in-the-us","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/us\/15022\/","title":{"rendered":"NYC No Longer Has the Highest Average Rent in the US"},"content":{"rendered":"<p>New Yorkers are used to finishing first in many categories\u2014<a href=\"https:\/\/www.timeout.com\/newyork\/restaurants\/15-best-bagels-in-new-york-ranked\" target=\"_blank\" rel=\"noopener\">bagels<\/a>, <a href=\"https:\/\/www.timeout.com\/newyork\/theater\" target=\"_blank\" rel=\"noopener\">Broadway<\/a>, complaining\u2014but according to a new report, our signature pastime of rent-related suffering might not top the charts anymore. That\u2019s right: As of February 2025, New York City no longer holds the crown for <a href=\"https:\/\/www.timeout.com\/newyork\/news\/the-average-manhattan-rent-is-now-5-000-for-the-first-time-ever-071422\" target=\"_blank\" rel=\"noopener\">highest average rent<\/a> in America.<\/p>\n<p>Pause for dramatic gasp.<\/p>\n<p>SmartAsset\u2019s latest ranking, based on <a href=\"https:\/\/www.zillow.com\/research\/methodology-zori-repeat-rent-27092\/\" target=\"_blank\" rel=\"noopener\">Zillow\u2019s Observed Rent Index (ZORI)<\/a>, puts Boston at the top of the rent mountain, with an average monthly price tag of $3,495 for all homes. New York came in just behind at $3,489. Yes, by a mere $6, the financial equivalent of an\u00a0<a href=\"https:\/\/www.timeout.com\/newyork\/restaurants\/best-coffee-shops-in-new-york\" target=\"_blank\" rel=\"noopener\">oat milk latte<\/a>.<\/p>\n<p>But don\u2019t get too comfortable. New York City rents did rise more steeply year over year, jumping 4.14-percent compared to Boston\u2019s 4.06-percent. And if you\u2019re a numbers person, you\u2019ll know that makes our rent pain a little more acute.<\/p>\n<p>Still, neither city saw the biggest hike: That dubious honor belongs to <a href=\"https:\/\/www.timeout.com\/new-jersey\" target=\"_blank\" rel=\"noopener\">Newark, New Jersey<\/a>, where rents surged 8.11-percent in just one year. From $2,073 to $2,241, Newark\u2019s five-year climb totals a whopping 46.5-percent, giving fresh ammo to New Yorkers who never bought the \u201cJersey is cheaper\u201d narrative.<\/p>\n<p>The rest of the top five reads like a California dream turned financial nightmare: San Francisco ($3,368), Irvine ($3,306) and San Jose ($3,131) rounded out the most expensive markets. California dominated the top 10 with five cities, proving that sunshine still costs a premium.<\/p>\n<p>SmartAsset analyzed rental data across 100 U.S. cities, comparing 2025 prices to 2024 and 2020. While renters in NYC may feel slightly vindicated, the reality is still grim: Our average rent is 144-percent higher than the national average, according to <a href=\"https:\/\/www.apartments.com\/rent-market-trends\/new-york-ny\/\" target=\"_blank\" rel=\"noopener\">Apartments.com<\/a>.<\/p>\n<p>So no, we\u2019re not the most expensive anymore\u2014but we\u2019re still painfully close. And until the day a one-bedroom drops below $2,000 without including a shower in the kitchen, we reserve the right to keep complaining.<\/p>\n","protected":false},"excerpt":{"rendered":"New Yorkers are used to finishing first in many categories\u2014bagels, Broadway, complaining\u2014but according to a new report, our&hellip;\n","protected":false},"author":3,"featured_media":15023,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5122],"tags":[5229,15292,405,403,15293,5226,5225,5228,5227,4329,67,586,132,5230,68,2969],"class_list":{"0":"post-15022","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-new-york","8":"tag-america","9":"tag-categories-real-estate","10":"tag-new-york","11":"tag-new-york-city","12":"tag-news-real-estate","13":"tag-newyork","14":"tag-newyorkcity","15":"tag-ny","16":"tag-nyc","17":"tag-real-estate","18":"tag-united-states","19":"tag-united-states-of-america","20":"tag-unitedstates","21":"tag-unitedstatesofamerica","22":"tag-us","23":"tag-usa"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/114747129395724622","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/15022","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=15022"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/15022\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/15023"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=15022"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=15022"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=15022"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}