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Vault Message Board: Investment Banking

Topic Name: New York City
Message Name: The absolute minimim
Date Posted: 04/23/2000
In Reply To: What is the average rent in New York City?
Message: The absolute minimimum for the smallest studio on teh island of Manhattan would probably be about $1000. I'm not saying this is the lowest rent (I know people who have been locked into the same rent for decades and other people with "alternative" arrangements), but you probably won't find anything decent for at leat $1500. Even then, it will be small. I'd say the average for a 1-2 bedroom ranges from 2-3.5K

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