NYC surpasses SF for nation's highest rent

July 11, 2013 1:43:06 PM PDT
If you think rents in the Bay Area are high, try New York City.

The New York Post is reporting that rents in the Big Apple have skyrocketed. The average monthly apartment rent is now more than $3,000 for the first time.

In second-place, San Francisco isn't even close at nearly $2,000 a month.

In contrast, the average national apartment rent is a little over $1,000, or about one-third the New York average.

That's according to Reis Incorporated, a real estate research firm