For most New Yorkers — about two-thirds of whom are renters — living in the city means accepting the painful reality of ever-increasing rents, which are as much a part of the experience as noisy neighbors, hissing steam radiators and cramped kitchens.
Even those lucky enough to have rent-stabilized places face annual increases, and for everyone else, it is much worse. According to a new report from StreetEasy, the average rent increase citywide between 2010 and 2018 was 31 percent — with many expensive Manhattan neighborhoods experiencing the smallest increases and areas that were gentrified during those years being hit by some of the biggest ones.
