The median rent for a one-bedroom apartment in New York City has 12.8% year-over-year for August to $4,500, an all-time high for the second month in a row. Meanwhile, nationwide, that category increased only 1.6% to $1,534, according to Zumper's National Rent Index.
Jersey City, New Jersey, followed New York with a median one-bedroom rent of $3,400 and San Francisco hit a four-year high at $3,160.
Two-bedroom median rent climbed 2.7% across the country to $1,915 in August, according to the index. Both one- and two-bedroom rents climbed 0.2% month-over-month across the country.
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