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NYC rental market report: July 2026
The citywide median net rent in July 2026 listings was $4,854 — down 1.8% from June 2026 and up 6.7% from July 2025. The Bronx led the year at +25.1%, while Brooklyn was weakest at -0.5%.
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NYC rental market report: June 2026
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%.
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Good Cause Eviction Analysis
Openigloo analysis of renter-reported data across New York City shows that Good Cause Eviction is already meaningfully reducing extreme rent hikes, with sharp drops in double-digit increases since the law passed in April 2024. At the same time, overall rent growth has moderated dispelling concerns that the law would drive prices up. Even with carve-outs,…
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NYC 2025 Mayoral Election Report: Inside the minds of NYC renters
As the 2025 mayoral race heats up, housing has emerged as the defining issue for New Yorkers. Openigloo conducted a citywide survey from October 22–28, 2025, capturing the sentiments of hundreds of renters and homeowners across the five boroughs. The results reveal a city fixated on housing affordability and stability – and a mayoral race…
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NYC Summer 2025 Rent Report: Post-FARE Act Shake Up
This summer marked a turning point for New York City renters. On June 11, the FARE Act went into effect, putting an end to forced broker fees and reshaping the economics of apartment hunting overnight. At Openigloo, we analyzed how this policy change impacted rents, lease renewals, and inventory during Summer 2025 (June 1-Aug 31).
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New York Lease Renewals July 2023
Double-digit rent hikes took a pause last month. In July, rent increases on lease renewals for market-rate apartments in NYC cooled to 4.1% compared to 11.1% a year before and 12.1% in June 2023. Sub-5% rent increases are still prevalent, with 75% of renters reporting renewals in this range. Increases in Brooklyn slightly outpaced those…
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New York Lease Renewals June 2023
It seems like summer pricing is back. In June, rent increases on lease renewals for market-rate apartments in NYC ramped up to 12.2% compared to 21.5% a year before and just 4.9% in May 2023. Rent increases are back in double-digit territory as summer demand pushed prices higher. While sub-5% rent increases are still prevalent,…
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New York Lease Renewals May 2023
In May 2023, rent increases on lease renewals for market-rate apartments in NYC cooled off to 4.9% compared to 17% a year before and 6.8% in April 2023. After a year of mostly double-digit increases, renters got some reprieve as landlords handed out sub-5% rent increases in the majority of cases. But why are rent…
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New York Lease Renewals April 2023
Rent Increases on Lease Renewals Cooled Off in April In April 2023, rent increases on lease renewals for market-rate apartments in NYC cooled off to 6.8% compared to 20.6% a year before and 10.8% in March 2023. Increases on lease renewals have stabilized compared to 2022, where the market saw steep corrections in rent and…
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New York Lease Renewals March 2023
Increases on March lease renewals for market-rate apartments averaged 10.8% vs. 10.2% in February and 20% for the same period in 2022. This continued increase on rents could be indicative that the winter dip is over, and rents will continue to rise heading into the summer months. Despite the uptick in rent increases, the majority…
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