After 18 months of disruption caused by the COVID-19 pandemic, New York has passed San Francisco as the most expensive market in the country with a median one-bedroom rent of $2,810, according to Zumper. San Francisco's median is $2,800.
It's the first time New York has been ahead of San Francisco since Zumper started tracking rental data in 2014.
Rents in both cities were hit by freefalls when the pandemic started. By January 2021, median one-bedroom rent had fallen 23.4% in San Francisco relative to March 2020, and New York's fell 17.5%.
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