CNN(@CNN):Young people continue to flock to New York for its vast job market and opportunities, but affording a place to live is increasingly a challenge. The median asking rent in the city reached $4,200 in July 2026, up 30% from July 2019, according to New York real estate listings site StreetEasy. In Manhattan, the city’s most expensive borough, the median asking rent was $4,995.

CNN

@CNN

It’s our job to #GoThere# and tell the most difficult stories. For breaking news, follow @CNNBRK and download the CNN app ➡️

Joined February 2007

1K Following 61.8M Followers

CNN@CNN

2026.08.24 11:31

Young people continue to flock to New York for its vast job market and opportunities, but affording a place to live is increasingly a challenge. The median asking rent in the city reached $4,200 in July 2026, up 30% from July 2019, according to New York real estate listings site StreetEasy. In Manhattan, the city’s most expensive borough, the median asking rent was $4,995.