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The pros and cons of renting in a NYC condo or co-op building
By
Jennifer White Karp
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January 12, 2026 - 10:30AM
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Evelyn Battaglia
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December 24, 2025 - 9:30AM
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Manhattan median rent rose to $4,600 in October, third-highest on record
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Manhattan median rent hit $4,700 in July, the fifth record in six months
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Manhattan median rent rose to $4,625 in June for another record-breaking month
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More millionaires opt to rent in NYC instead of buy
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The pros and cons of renting in a NYC condo or co-op building
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Renting in a NYC condo or co-op is a way to get a nicer apartment with higher-end finishes and appliances, but beware the pitfalls
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