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Tel Aviv apartment rents reach record high Despite initially depressing the city s rental market, the Covid-19 crisis only had a fleeting impact. Tel Aviv apartment rents continue to rise as if the Covid-19 economic crisis hasn t happened. The only question that remains is whether the trend will reverse when government assistance to the unemployed dries up. According to Israel s Central Bureau of Statistics, the average 2.5-3 room apartment in Tel Aviv rented for NIS 5,766 per month in the third quarter of 2020, up 9.5% over the past three years, and up 1.2% over the past 12 months. Over the past year apartment rents in Tel Aviv Itself have risen faster than in the six large surrounding cities (Bat Yam 1.1%, Ramat Gan 0.9%, Holon 0.8%, Rishon Lezion 0.5% and Petah Tikva 0.3%). ....