This article first appeared on MTV News.
The average rent for a one-bedroom apartment in Manhattan is $1,300 a month.
But that’s up from $1.45 last year, according to a new report.
The rental rate for a studio apartment, the cheapest of the three, is $750 a month, and for a three-bedroom, it’s $1:1.
Meanwhile, the median rent for the city’s priciest neighborhoods is $2,800 a month for a two-bedroom and $2:1 for a four-bedroom.
These figures are based on data from the city and its surrounding suburbs, and come from a report by real estate agent and realtor Zillow.
The real estate market is heating up and Manhattan is no exception.
The New York Times reports that in April, New York City’s housing market soared to record highs.
But the real estate industry is experiencing a “slowly-building housing bubble,” with a shortage of supply that is driving prices up.
Zillows report also notes that “the median price of a two bedroom apartment in New York’s Upper West Side neighborhood was $1 million last year.”
As of July, prices in the city were at a record $3.6 million, according the New York Post.
Meanwhile in Manhattan, the average price of one-bedrooms rose by over 70% to $1-2 million, while two-beds increased by more than 80%.
In the past year, rents in Manhattan have risen by an average of 30%, according to the realtor.
The median rent in the Upper West and Upper East Side neighborhoods rose by 42%, according Zillowing.
The rent increase is not a sign of things to come.
New York has a housing shortage that is not just limited to the city.
The Times reports: The state of New York is home to more than 50% of the country’s vacant housing, and more than 20% of New Yorkers own homes that are not currently occupied.
As the housing market continues to strengthen, a shortage has emerged of affordable rental housing.
And a growing number of renters are seeking out rental housing to help fill the void.
The issue of affordability has been the subject of debate since New York passed the landmark Housing Preservation Act in 2011.
The law required developers to build rental housing for low-income households, and the city has been criticized for not doing enough to build and maintain affordable housing.
This year, the city announced a plan to build more affordable rental units.
But there is still plenty of room for growth in the affordable rental market.
The City Planning Commission announced last week that it is considering a new housing affordability plan that would include measures to reduce the number of units of affordable housing, the availability of tax-exempt rental housing, rent controls, and other measures.
The report notes that this is a “very big step forward.”
The city’s affordable housing plan would include a number of measures that would help to reduce rent and provide tax credits for renters, according a statement by the Planning Commission.
One of the measures would make it easier for landlords to make affordable housing available to people who work in low-wage jobs, while another would give tax breaks for those who buy a home.
Meanwhile Zillower reported that Manhattan rents have increased by over $2 million in just the past 12 months.
In Manhattan, median rent is $6,000 a month with a 1,000-square-foot studio apartment costing $1 for one bedroom and $1 in a two or three bedroom apartment.
And in Queens, the rental market is much lower, with median rent at $3,000 for a 1 bedroom apartment and $4,000 in a four bedroom.
The city is currently building a $300 million affordable housing complex in Brooklyn called Brooklyn Midtown, but that project has not yet started construction.
Brooklyn Midpark is located at a location on the Upper East side of Manhattan.
It’s expected to open in 2021.
Meanwhile rents in the rest of the city have remained stable, and Zillowed found that Manhattan was the only neighborhood in the state where rents have risen more than 40% in the past four years.
In the city of Chicago, rents have declined by over 100% since 2011.
In fact, rents are down 40% from 2011.
But while New York was the biggest city in the country to see a rental increase, in most other cities, the number is lower, the report notes.
The Housing Affordability and Livability Index, which measures how much an area costs to rent, is based on an index of median rents across the US, and measures rent growth from the end of 2011 through 2016.
The index has been growing faster in the last two years, according Zest.
In 2016, the index was up 13.2% compared to 2015.
Zest found that the median rental rent in Manhattan jumped by 40% between 2015