A new analysis by Realtor.com® highlights the alarming state of New York City's rental market. The report reveals that as of the second quarter of 2025, the median asking rent in NYC consumes 55% of a typical household income, significantly surpassing the national median of 44.5%. In the Bronx, the rent-to-income ratio is a staggering 81.6%, while Brooklyn's is at 60.6%, Manhattan's at 56.9%, and Queens' at 49.4%. The study underscores the severe affordability crisis faced by renters, even in historically lower-cost areas. Danielle Hale, chief economist at Realtor.com®, emphasizes that without immediate intervention, such as increasing housing supply, it could take decades to bring rent burdens down to the recommended 30% of income. This crisis is not only a pressing issue for the city's mayoral candidates but also reflects a broader statewide challenge, as New York State receives a "D" grade for affordability.