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 last year. The good news is that average rents are down across the City by about 7% from last year, but the bad news is collectively, we are still the 2nd most expensive rental city in the nation behind San Francisco.
The biggest rent dips in Manhattan are in West and Central Harlem.
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.
In Brooklyn, the biggest rent dips were in Vinegar Hill and Windsor Terrace.
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.
Check out the accompanying article for more analysis on New York City rental prices.
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