A new study reveals Manhattan’s median asking rent has climbed past $5,300 per month, underscoring the steep cost of living in one of the nation’s most expensive housing markets. The findings highlight ongoing affordability challenges for renters amid persistent demand and limited supply in the city. Experts suggest the trend reflects broader economic pressures, including wage stagnation and rising construction costs. The data offers a snapshot of how housing expenses continue to outpace inflation for many residents.
Median asking rent in Manhattan rises over $5,300 a month, study finds CBS News
