average rent will miss a lot of people. there are people that's been in their apartments since the 70s so they are paying $500/rent and there are people who are trust fund babies that literally rent places for hundreds of thousands of dollars a month. if i had kept my apartment from 2016 and only paid the 2% max increase for a rent stabilized apartment, i wouldn't be paying more than $1500 right now if i did my math correctly. my same apartment is now renting for 1900 on zillow.