No, New York rent is not more expensive than San Francisco

Headlines this week ranking New York as the most expensive U.S. city, above San Francisco, were greatly exaggerated.

Apartment rental site Zumper reported this week that prices in the boroughs have surpassed San Francisco’s sky-high rents by $10, but that’s only for one-bedroom apartments where the median price in New York is $2,810.

The median asking rent for a two-bedroom apartment in the five boroughs was just $3,000, well below the Bay City’s $3,830, according to the numbers.

Data from Zillow and StreetEasy also contradict Zumper’s analysis, showing that overall prices in San Francisco are still higher than New York’s. The Zillow Observed Rent Index on the

→ Continue reading at Crain's New York Business

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