Real estate and rental search site Zumper recently analyzed their data and found the Manhattan and Brooklyn neighborhoods which have the greatest increase and decrease in median rental prices for a 1-bedroom since Fall of last year. The good news is that average rents are down across the City over 10% from last year, but the bad news is collectively, we are still the 2nd most expensive rental city in the nation behind San Francisco.
This fall, Tribeca ($4,000), Greenwich Village ($3,800), and Chelsea ($3,690) had the most expensive prices. More affordable rentals, priced around the $3,000 threshold, could be found in Lower East Side, East Village, and Upper West Side.
Windsor Terrace had the fastest growing rent since last quarter, up 5.7%. Meanwhile, Ocean Hill and Borough Park saw the largest rent dips, both down over 12%.
Check out the accompanying article for more analysis on New York City rental prices in Fall 2017.
via Zumper
Matt Coneybeare
Editor in Chief
Matt enjoys exploring the City's with his partner and son. He is an avid marathon runner, and spends most of his time eating, running, and working on cool stuff.
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