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.

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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.