NYC Rents Dip, But Remain 20% Higher Than Last Year: Study

NEW YORK CITY — New York City apartment hunters saw rents dip yet again in February, but their wallets likely still are much thinner than a year ago, a new study found.

The rents for one-bedrooms and two-bedrooms dipped 3.8 percent and 3.6 percent last month from January, according to a Zumper study released this week.

The study looked at prices across the entire metro area and, unsurprisingly, the city remained astronomically more expensive than most of its neighbors.

“New York City was the most expensive market with one-bedrooms priced at $3,550,” the study states.

But there was one arguable surprise: two nearby cities had rents for two-bedrooms higher than New York City’s $4,000 for February, according to the study.