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Winter is Coming: New York Apartment Rents Drop Ahead of Frosty Season

Advertised Rents for Apartment Units Show Recent Decline
According to CoStar's Daily Asking Rent Series, apartment rents in New York have ticked downward over the past 60 days ahead of the winter leasing season. (CoStar)
According to CoStar's Daily Asking Rent Series, apartment rents in New York have ticked downward over the past 60 days ahead of the winter leasing season. (CoStar)
CoStar Analytics
December 1, 2023 | 7:28 P.M.

While asking rents for New York apartment buildings are among the most expensive in the world, they have stopped rising, at least temporarily.

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