October 28, 2026
The cost of living in New York City is higher than ever, with median asking rent in Manhattan up 8.3 percent to $5,375/month in the third quarter compared to last year, according to a new Realtor.com report. And it's not much better in once-affordable outer boroughs like Brooklyn and Queens, which saw median rents rise to $4,197/month and $3,744/month, respectively, during the same period. With rents showing no sign of slowing down, some New Yorkers are discovering New Rochelle, "the city outside of the city." When it comes to housing, The Alary, a 28-story luxury rental building downtown, offers an attractive alternative for those seeking condo-quality apartments, high-end amenities, and an easy commute to Midtown, all within a diverse, walkable area with a cultural scene.
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