The Cost of Renting in New York City
About the Affordable Rental Housing Landscape Research Study
The Affordable Rental Housing Landscape, commissioned by Capital One and conducted by the NYU Furman Center, analyzes rental housing affordability trends in New York City from 2000 to 2012 with a focus on changes since 2005. The Furman Center's past research has shown that over half of renter households in New York City are rent burdened, paying more than 30 percent of their gross income on rent and utilities. This study delves more deeply into recent trends in rent levels, rent burdens, affordable units, and the gap between the number of low-income households in need of affordable housing and the number of existing affordable units. This analysis is based on data from the U.S. Census Bureau, including data from the American Community Survey from 2005 through 2012.
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