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

New data from the New York City housing market has revealed that a 439-foot studio apartment in the Big Apple will now set you back $3,379 in rent every month - $2,529 higher than the national average.

For a three-bedroom New York apartment, rent has hit an average of $7,212 a month, according to June data from Apartments.com. With rent going up $117 a month on average across the board over the past year, it makes New York the most expensive rental market in the U.S.