Manhattan landlords are rejecting single tenants who don’t make over 155k ...Middle East

New York City’s housing market has always been competitive, but renters are facing a particularly tough flat hunt now. The median monthly rent for a one-bedroom apartment in Manhattan reached $3,870 in April, a record 38% year-over-year increase and well above pre-pandemic levels, data from the real estate brokerage Douglas Elliman showed.In New York City, it’s standard for landlords to apply what is known as the 40x rule to judge someone’s ability to pay their rent. In order to qualify as a tenant, a person’s annual gross income should be at least 40 times the monthly rent. To rent a one-bedroom at Manhattan’s current median price, that means an income of $154,800 or more. In Brooklyn, wher

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