Renters struggle to find Manhattan apartments as inventory falls for 24 months

New data shows Manhattan’s rental inventory has fallen for 24 consecutive months, marking the longest decline ever recorded.

Experts say the shortage is largely driven by the city not adding enough housing while demand continues to grow. As available apartments shrink, renters are facing intense competition and rising prices.

Real estate analysts say finding an apartment in Manhattan right now is extremely difficult. As one resident put it: “It’s not easy.”