NYC Neighborhood Rent Prices Mapped This Summer (July 2017)

New York held onto it’s position as the second most expensive city with one and two bedroom rent settling at $2,950 and $3,350, respectively. Although summer moving season is here, rent prices are around 7% lower than last year’s.

Manhattan

All above the $3,700 threshold, Tribeca, Greenwich Village, and Battery Park City were the most expensive neighborhoods to rent this summer. Chelsea, West Village, and Financial District followed suit as the next priciest areas.

If you’re looking for more affordability, West Harlem and Central Harlem had the biggest rent dips since last quarter, down 8.5% and 6.8%, respectively.

Brooklyn

DUMBO, Vinegar Hill, and Williamsburg, all above the $3,000 threshold, were the most expensive neighborhoods to rent in Brooklyn. More affordable rentals for less than $2,000 could be found in Sunset Park, Flatbush, and Kensington.

While Red Hook and Canarsie had the fastest growing rents since last quarter, up 11%-12%, Vinegar Hill and Windsor Terrace had the biggest rent dips, down 8% and 6%, respectively.

If you’re interested in how New York rent prices compare with the rest of the nation’s, view our National Rent Report for July.

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