“I moved to NYC in February of 2011 and found a studio in the East Village for $1,550. A year later the landlord and I agreed to a 4 month lease at $1,650. After 4 months I had not found a new place so signed a one year lease with the hope of moving out and subletting. The new amount was for $1,725. I moved out a month later.  She quickly found a new tenant willing to pay $1,900. Let me again state that this is a studio apartment. The room is 11’x13’ with a kitchen and bathroom attached that combined are 10’x7’. The term ‘shoebox’ would be generous. This is a SMALL apartment that is going for nearly $2,000 dollars! In two years the rent increased by 22%.”

http://www.economicpolicyjournal.com/2013/03/a-report-on-nyc-apartment-rental-market.html

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