Business Insider
US · 1 hrs ago
Finding an apartment in Manhattan is getting even harder, as listings plummet and rents reach $5,000
A new report shows Manhattan rents up and inventory down.
deberarr/Getty Images
A new report found that the median rent for a Manhattan apartment is $5,000 a month and climbing.
Inventory has fallen as New Yorkers can't afford to move.
Mayor Zohran Mamdani has pledged 200,000 new homes in NYC, but it's a lofty goal.
Renting a New York City apartment isn't for the weak.
The median Manhattan rental price for a market-rate apartment soared to $5,000 in July — up 3% from June and 6% from July…
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