Tired Of Pricey NYC Apartments? You May Have To Move To Newark

NEW YORK CITY — New York City dwellers sick of shelling out too-damn-high rents can find much, much cheaper apartments nearby, according to a new study.

The caveat: they might have to move to Newark.

The Big Apple has, perhaps unsurprisingly, the priciest apartments out of 15 local cities surveyed in the Zumper New York City Metro Area Report released this week.

"New York City was the most expensive market with one-bedrooms priced at $3,420," the study states.

Newark, by contrast, boasted the lowest typical rent for a one-bedroom at $1,350, according to the study.

For some context, the typical rent for a one-bedroom in New York state as a whole was $2,114 last month, the study states.

The Zumper report dovetails with other recent studies that show a shocking jump in New York City rents in the past year after prices cratered during the coronavirus pandemic.

One-bedrooms and two-bedrooms in the city rose 38 percent and 36 percent, respectively, in the past year, according to the study.

But there's one relative, although still costly, bright spot: the city isn't the most expensive market in the metro area for two-bedroom, the study found.

That distinction went to Hoboken, where typical two-bedroom rents in April stood at $3,940, according to the study. White Plains wasn't that far behind at $3,880, the study found.

Here are where typical one-bedroom and two-bedroom rents stood in April, according to data published by Zumper.

Read the full Zumper report here.