NYC Rents Have Skyrocketed: Bronx Rent Up 61% Since 2019, while its Rent-to-Income Ratio Reaches 81.6%

New report reveals how even the city's "affordable" boroughs are pushing renters to the brink, yet closing the affordability gap could take decades AUSTIN, Texas, July 29, 2025 /PRNewswire/ -- 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 sha ...