New York City continued to rank as the second most expensive rental market in the nation with one and two bedroom prices at $2,850 and $3,200, respectively. Notably, on a year over year basis, two bedroom rent is down 8.6% since this time last year.
Manhattan & Bronx
While Greenwich Village et Garment District in Manhattan had the fastest growing rents last quarter, both up around 12%, Foxhurst in the Bronx took the crown with rent growing 10%. On the other side of the spectrum, Concourse Village et Mott Haven in the Bronx took the biggest rent dips, both down around 6%. No neighborhoods in Manhattan saw a significant rent dip this spring.
In Manhattan, southern neighborhoods Tribeca, Chelsea, et West Village reigned as the most expensive, all priced above the $3,700 threshold. You can find more affordability as you move north on our map, with Washington Heights being the least expensive at $1,770.
In the Bronx portion of our map, Mott Haven was the most expensive area with rent at $1,835. More affordable rentals, priced at $1,400, could be found in Hunts Point.
Brooklyn
In Brooklyn, Boerum Hill et Canarsie had the fastest growing rents last quarter, up 10% and 9%, respectively. Meanwhile, Bushwick was the only neighborhood with a large quarterly decline, down 5%.
Nearly hitting $4,000, DUMBO was the most expensive neighborhood to rent, followed by adjacent Downtown Brooklyn et Vinegar Hill. Moving away from the water, more affordable rentals priced closer to $2,000 could be found in Bushwick et Bedford -Stuyvesant.
À propos
If you’re interested in how New York rent prices compare with the rest of the nation’s, check out our National Rent Report for April 2019.
Stay up to date with rent changes across the country by liking or following us on Facebook, Gazouillement, et Instagram. In the market for a new place? Search NYC apartments for rent on Zumper now.
For a more in-depth discussion of our methodology, check out our post ici.
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