A new analysis from Realtor.com paints a startling picture of New York City’s rental market. The median asking rent in NYC accounted for 55% of a typical household income in the second quarter of 2025, almost 10% above the national median in the for-sale market, which sits at 44.5% and more than double the recent share for typical renters across the U.S. Across the boroughs, renters feel a similar, if not worse, strain. In the Bronx, the rent-to-income ratio sits at a staggering 81.6%, while in Brooklyn the figure is 60.6%. It’s 56.9% in Manhattan, and 49.4% in Queens; this highlights the premium that many are willing to pay to live in the Big Apple and how many of the city’s renters are being priced out of even historically lower-cost areas. 

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