Tuesday, January 7, 2025
Year : 2, Issue: 19
Gothamist: The cost to rent a Citi Bike in New York City increased on Monday, marking the fourth straight year the service has hiked its rates.
The fee to rent a non-electric bike for people who do not have a Citi Bike membership increased from $4.79 to $4.99, which comes out to $5.43 after sales tax. The cost to rent an electric Citi Bike also increased.
The price hikes come as Lyft, the for-hire vehicle company that owns Citi Bike, plans to expand the service to new neighborhoods in the Bronx, Brooklyn and Queens next fall. Once that happens, Lyft representatives say the Citi Bike network would include more than 36,000 bikes and 2,400 stations, or about seven times the size of the network when it launched in 2013.
Here’s what you need to know about the fare increases, which the company says are meant to keep pace with inflation and e-bike-related costs.
