30% pandemic-era rent increase in expensive US cities like New York and Los Angeles, with median 1-bedroom rent at $1,487.

30% rent increase in pandemic: Rent in America's most expensive cities, like New York and Los Angeles, has risen by 30% since the start of the pandemic, with national median rent for a 1-bedroom at $1,487 monthly. Despite high costs, residents value amenities, space, and convenience. New York's average 1-bedroom rent is $4,280 while it's $2,300 in Los Angeles, where residents are willing to pay premium for walkability and living alone.

May 10, 2024
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