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Manhattan Apartment Rents Rise Modestly

May 14, 2015

Newly hired college graduates can expect a little extra sticker shock this year when looking to snag their first Manhattan apartment.

Average Manhattan rents were up a year-on-year 1.1% in April, the start of peak rental season. The biggest jump, 7%, was in coveted one-bedroom apartments, according to a report by real-estate brokerage Citi...