What to Know
- Tribeca, SoHo and Chelsea had the highest monthly rents in Manhattan this spring
- Port Morris and Mott Haven topped the list of monthly rents in the Bronx
- SoHo and Chelsea in Manhattan, Port Morris and Foxhurst in the Bronx and Crown Heights and Brownsville in Brooklyn had fastest-growing rents
New York City still had the second most expensive rental market in the U.S. last month, according to a recent report from an apartment rental site.
Only San Francisco’s April rent prices surpassed the Big Apple’s in a national rental report released by Zumper. One-bedroom rents in New York continued to hover around $2,900 per month, while two-bedrooms rents increased by 1.7 percent, coming in at $3,500 per month, the report said.
Tribeca, SoHo and Chelsea had the highest monthly rents in Manhattan this spring, with median one-bedroom rents of $4,000, $3,800 and $3,700 per month, respectively. Port Morris and Mott Haven topped the list of monthly rents in the Bronx, with median one-bedroom rents of $1,700 and $1,640, respectively, according to the report.
Vinegar Hill, DUMBO and downtown Brooklyn were Brooklyn’s priciest rental neighborhoods this spring, with median one-bedroom rents of $3,800, $3,700 and $3,200 respectively, the report said.
SoHo and Chelsea in Manhattan, Port Morris and Foxhurst in the Bronx and Crown Heights and Brownsville in Brooklyn had the fastest-growing rents, according Zumper.
Gramercy Park in Manhattan, Morrisania in the Bronx and Borough Park and Prospect Heights in Brooklyn, meanwhile, had the steepest rent dips, the report noted.
