NYC rents keep surging to all-time highs — but a suburb right across the Hudson is getting much cheaper: Study
New York City is experiencing record-high rents, with the median one-bedroom price reaching $4,680 in May 2026. In contrast, Jersey City has seen a significant drop in rents due to an influx of new apartment constructions, with prices stabilizing at $2,860. This divergence highlights the contrasting dynamics in the housing market between supply-constrained urban areas and those with an oversupply of rental units.
- ▪NYC's median one-bedroom rent hit an all-time high of $4,680 in May 2026.
- ▪Jersey City's median one-bedroom rent is currently $2,860, down 2.1% year-over-year.
- ▪The rental market in Jersey City corrected sharply after a construction boom flooded the market with new units.
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Real Estate NYC rents keep surging to all-time highs — but a suburb right across the Hudson is getting much cheaper: Study By Mary K. Jacob Published May 27, 2026, 1:57 p.m. ET See more of our coverage in your search results. Add The New York Post on Google New York renters are getting squeezed harder than ever, with Manhattan apartment prices smashing records again this spring. But just across the Hudson River, one of the region’s hottest pandemic-era boomtowns is telling a very different story.
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