New York City Not the Most Expensive Place to Rent Two Bedroom Apartment

New York City Not the Most Expensive Place to Rent Two Bedroom Apartment

Believe it or not, New York City is not the most expensive place to rent a two-bedroom apartment. As a matter of fact, it's not even the most expensive place in the state.

Information from the National Low Income Housing Coalition shows that it actually costs more to rent a standard two-bedroom place in Long Island than it does in NYC. The average rent in the city is $1,424, but jumps up to $1,682 in Long Island

Although that's pretty steep, it's still not the most expensive in the country. San Francisco holds that distinction, as the fair market price for a two-bedroom out there is $1,905 per month. Oh, and in case you were wondering, the national average is $949.

Though New York rents are always high, they rank lower on this list because they aren't broken down by borough and are often rent-controlled. Figure A shows how housing wages are broken down by state, and for a look at areas with the highest housing wages, take a look a the second image. 

[via Business Insider]

Follow @ComplexGuide.

Tags: new-york, apartments, rent, long-island, san-francisco
blog comments powered by Disqus