Rich New Yorkers are scoring the city’s best rent deals. A new analysis by theWall Street Journal of the city’s 2023 Housing and Vacancy Survey — the most…
Published
Source: New York Post
# A shocking number of wealthy NYC renters live in stabilized units
Rich New Yorkers are scoring the city’s best rent deals.
A new analysis by the[Wall Street Journal](https://www.wsj.com/real-estate/a-surprising-portion-of-rent-stabilized-apartments-go-to-nycs-wealthiest-renters-5edfa5d8) of the city’s 2023 Housing and Vacancy Survey — the most recent data available — found that some of the sweetest deals in the five boroughs’ rent-stabilization program are landing in the laps of its wealthiest tenants, not its neediest.
Right now, wealthy households make up about 10% of the entire rent-stabilized stock, according to a Citizens Budget Commission analysis of 2023 data. Of those, more than 86,700 households reported earning above $200,000 a year.
High earners in the top 25% bracket who live in [rent-stabilized apartments](https://nypost.com/2026/07/06/real-estate/vacant-rent-stabilized-apartments-on-the-rise-in-nyc/) pay roughly $1,000 less per month than they would at market rate, a savings of 33%.
New York’s rent-stabilized apartments — the largest such system in the country — disproportionately benefit wealthy tenants in expensive neighborhoods. Christopher Sadowski for NY Post
Top earners in the 10% bracket do even better, pocketing $1,300 in monthly savings, a 36% discount. Compare that to renters in the bottom three income brackets, who save closer to $300 a month, or between 15% and 22%.
## Explore More
Part of the disparity comes down to geography.