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International Business Times UK
International Business Times UK
Business
Danielle Summer

Living Large With 22 Roommates: Millennials Are Hacking NYC's Rental Market For Up To $2,200 Monthly

(PHOTO: COHABS.COM)

New York City has long been known as one of the most expensive cities in the world, where the cost of living can push even the most financially secure individuals to their limits. For many, the dream of living in the Big Apple comes with the harsh reality of exorbitant rents and limited affordable housing options. The average rent for a one-bedroom apartment in Manhattan hovers around a staggering $4,200 a month, leaving many residents struggling to find a place they can afford. For those with less financial means, the situation is even more dire. A recent example includes a mother who moved into a tent in the woods with her son to cut down her monthly rent from $2,500 to just $340, highlighting the lengths to which people are going to survive in the city.

The Struggle for Affordable Living in NYC

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