Living in decently in New York City is quite expensive. However, there have been some older apartments that have been able to be rented for a smaller price than newer apartments. Unfortunately, many landlords are selling their buildings and having their tenants leave so that the buildings can be renovated and rented out at a higher price.
With the job market not doing so well, many people cannot afford to pay over 1,000 a month for an apartment. Many other tenants are upset because they have been used to paying less than 300 a month for an apartment, but are now facing eviction. There have been some rent regulations where the price cannot exceed a certain amount for people who have a family and cannot work.
Landlords also want to increase the prices, but they have to battle with the housing codes. So the majority of landlords chose not to renew the contracts on the tenants and just sell the land to others. It isn't fair that many people have to face being homeless because there is no place to live a modest lifestyle at an affordable price.
Certain housing areas in places like Greenwich Village and Upper East Side have increased their prices dramatically to fit in with the wealthy upper class who want to live there. A lot of historical apartment buildings have been featured in movies and on shows. Inflation in housing has not been in proportion to people with lower salaries.
It has always been difficult to find a decent apartment in New York City at an affordable price. I don't see this changing in the future because more and more people want to live in the city every year for various reasons. So it is safe to say that in New York City, you have to have a very good salary to find a good apartment.
http://www.nytimes.com/2010/05/25/nyregion/25appraisal.html?ref=nyregion
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