Real estate and rental search site Zumper recently analyzed their data and found the Manhattan and North Brooklyn neighborhoods which have the greatest increase and decrease in median rental prices since summer of last year. Average one-bedroom rent dropped a little, while average two-bedroom rent rose a bit. We are still the 2nd most expensive rental city in the nation behind San Francisco (yay?).
Coming ahead of San Jose, Boston, and Washington D.C, New York City ranked as the 2nd most expensive city in the nation last month. One bedroom rent fell 1.3% to $2,940, while two bedrooms grew 2.4% to $3,380.
In Manhattan and South Bronx:
While Concourse Village in the Bronx and Central Harlem in Manhattan had the fastest growing rents on this map since last quarter, up 13% and 7%, respectively, Maspeth in the Bronx and Tribeca in Manhattan took the largest rent dips, both down around 6%.
In Brooklyn:
While Brownsville and Clinton Hill had the fastest growing rents in Brooklyn this summer, up 12% and 9%, respectively, Borough Park took the largest rent dip, down over 7%.
Check out the accompanying article for more analysis on New York City rental prices in summer 2019.
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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