Rents in the New York-Newark-Jersey City metro are holding steady as 2025 comes to a close, signaling a pause after years of dramatic swings.
The Realtor.com November 2025 Rental Report shows that while many large metros are still seeing rents fall—or rise—New York’s rental market, which includes parts of New Jersey, has settled into a period of stability.
For renters, that means fewer surprises, even as costs remain among the highest in the nation.
New York rents level off, but affordability remains a challenge
New York metro area, which includes Jersey cities like Newark and Jersey City posted a 0% year-over-year change in median asking rent for 0- to 2-bedroom units in November. It comes in with one of the highest rents on the list: $2,898 being the average…