Report snapshot
$4,957
Median net rent · Citywide
0.79
Open violations per unit · Citywide
8.8%
Renewals above Good Cause threshold
3.75
Tenant rating · Citywide
Three terms, used throughout
Gross rent
The advertised asking rent, before any concession is applied.
Concession
A discount on the gross rent, usually granted as “free months.”
Net-effective rent
The monthly rent after applying the concession over the full term of the lease.
Every rent figure in this report is net-effective.
Market landscape · What renters pay
Citywide median net rent up 3.3% since June 2025
The citywide median net rent in June 2026 listings was $4,957 — up 1.2% from May 2026 and up 3.3% from June 2025.
The Bronx led the year at +14.9%, while Brooklyn was weakest at +1.2%.
Concessions
June concession rate reached 12.6% citywide; Queens topped the list at 23.5%
Citywide, 12.6% of June 2026 listings came with a concession
Concessions were most common in Queens (23.5% of listings) and rarest in Manhattan (7.8%) — more than three times as many listings with concessions.
$571
Typical concession · Monthly
The median concession among June 2026 units offering one — about $6,852 across an annual lease
~1.3 mo
Free-rent equivalent · Citywide
What the typical concession is worth in free rent on a 12-month lease
~1.7 mo
Free-rent equivalent · Brooklyn
The largest concessions of any borough
Good Cause buildings
The same listings look different when sorted by Good Cause coverage rather than by borough. In Good Cause buildings, just 3.2% of June 2026 listings advertised a concession, and where one appeared it was typically worth $308 a month. Outside Good Cause coverage, 25.3% came with a concession, at a typical $583 a month.
7.9×
Likelier to carry a concession
Listings in buildings without Good Cause protection were about eight times likelier to advertise a concession (25.3% vs 3.2%)
89%
Higher, when offered
Concessions in buildings without Good Cause protection were 89% higher than those in protected buildings ($583 vs $308 a month)
| June 2026 | Good Cause buildings | All other listings |
|---|---|---|
| Listings with a concession | 3.2% | 25.3% |
| Typical concession, when offered | $308 | $583 |
| Median net rent | $4,750 | $5,038 |
Renter sentiment
Manhattan rated highest at 3.85, The Bronx lowest at 2.90
Owner responsiveness ranks last in 4 of 5 boroughs
3.75
Overall rating · Citywide
Average across eight rated categories, from June 2026’s published renter reviews
3.27
Owner responsiveness
Renters’ lowest-scoring category citywide
67.9%
Would recommend their building
About two in three June 2026 reviewers; 62.3% approve of their landlord
| Manhattan | Brooklyn | Queens | The Bronx | Staten Island | |
|---|---|---|---|---|---|
| Overall | 3.85 | 3.63 | 3.63 | 2.90 | 3.28 |
| Owner responsiveness | 3.40 | 3.12 | 3.16 | 2.06 | 3.42 |
| Cleanliness | 3.83 | 3.57 | 3.59 | 2.71 | 2.96 |
| Garbage management | 4.01 | 3.71 | 4.03 | 3.12 | 3.17 |
| Heat | 3.79 | 3.63 | 3.77 | 3.29 | 3.67 |
| Neighbors | 4.16 | 3.98 | 3.46 | 3.18 | 3.00 |
| Noise levels | 3.83 | 3.66 | 3.39 | 3.06 | 3.42 |
| Pest control | 3.76 | 3.49 | 3.57 | 2.65 | 2.88 |
| Water pressure | 4.03 | 3.91 | 4.07 | 3.18 | 3.75 |
| Rank | Neighborhood | Rating · June 2026 | Rating · June 2025 | Rank change |
|---|---|---|---|---|
| 1 | Stuyvesant Town/PCV | 4.44 | 4.27 | ↑ 2 |
| 2 | Downtown Brooklyn | 4.34 | 4.10 | ↑ 3 |
| 3 | Financial District | 4.17 | 4.44 | ↓ 2 |
| 4 | Chelsea | 4.06 | 3.89 | ↑ 4 |
| 5 | Murray Hill | 4.04 | 3.70 | ↑ 11 |
Overall rating from June reviewers, and each neighborhood’s standing a year earlier.
- Pest control — 5,164 new violations, up 28.7% from June 2025.
- Heat & hot water — 848 new violations, up 24.2% from June 2025.
- Garbage management — 635 new violations, up 27.0% from June 2025.
Renewals
In June 2026, 8.8% of market-rate lease renewals were for increases above 8.79% (the Good Cause standard).
Renewing under the rules
Our analysis found that most tenants subject to Good Cause Eviction and Rent Stabilization received compliant lease renewals. However, roughly 9–10% reported rent increases exceeding permitted limits.
91%
Covered renewals under the standard
Share of June 2026 renewals in Good Cause buildings below the 8.79%/yr allowable increase
90%
Stabilized renewals under 5% / year
June 2026 cohort — against 71.4% of market-rate renewals
Building conditions & violations
Three in four open violations have gone unresolved for over a year
75.4% of open violations have gone unresolved for over a year, up 2.0 points year over year, June to June.
New York City buildings carried 0.79 open housing violations for every apartment in June 2026 — up 3.9% from June 2025, and -0.5% on May 2026.
The open-violation backlog is up 3.7% year-over-year.
0.79
Open violations per unit · Citywide
Weighted open violations per unit citywide — up from 0.76 in June 2025, down 0.5% from May
75.4%
Open violations over a year old
Share of all violations still open at the end of June 2026 that had gone unclosed for at least a year — up 2.0 points year over year, June to June
Open violations per unit, by borough
| Borough | June 2026 | YoY | MoM |
|---|---|---|---|
| NYC (Citywide) | 0.79 | +3.9% | -0.5% |
| The Bronx | 1.10 | +6.6% | +0.2% |
| Brooklyn | 0.98 | +2.3% | -0.4% |
| Staten Island | 0.69 | +13.7% | +2.0% |
| Queens | 0.56 | +1.7% | -1.8% |
| Manhattan | 0.52 | +3.8% | -0.9% |