New York studio apartment rent has hit an average of $3,400 per month - here’s how far that goes in America’s other major cities (opens original article in a new tab)

New York City has the highest average apartment rent in the U.S., with $3,379 for a studio. In other major cities like Los Angeles, Chicago, Houston, and Phoenix, $3,000 can buy significantly more space or cheaper options.

• New York City studio apartment rent averages $3,379, 154% higher than the national average.
• In other major cities, $3,000 can buy larger apartments, with Houston offering up to 3,000 square feet.
• Rent prices in Phoenix have decreased by 3.6% over the past year, making it more affordable.