Find out which neighborhoods had the highest median rent in July
A bit of bad news: New York City remains the second priciest place in the country for renters behind San Francisco, and rents went up ever so slightly for one-bedroom apartments in July. But perennial number cruncher Zumper comes to the rescue with new stats on where New Yorkers should (and shouldn’t) be renting, as far as the grip on their purse strings is concerned. The rental charting website has ID’d July’s priciest and most affordable neighborhoods in Manhattan and Brooklyn based on their median rents, and they are none too surprising.
In Manhattan, Tribeca and Nomad tied for July’s highest median rent for a one-bedroom apartment at $4,500. Trailing behind is Greenwich Village ($3,900), Gramercy Park ($3,890), and the West Village ($3,850).
Manhattan’s most affordable neighborhood is—no surprise here—Washington Heights, where the median monthly rent for a one-bedroom in July was $1,850. The second most affordable neighborhood in Manhattan in that same time period is Central Harlem, with a median rent of $2,090, followed by West Harlem ($2,100). Interestingly, East Harlem, traditionally thought of as slow to gentrify compared to its Ivy League-touting neighbor to the west, had a higher median rent for one-bedrooms in that same time at $2,180.
DUMBO keeps keeping on as Brooklyn’s priciest neighborhood, where the median rent for a one-bedroom in July came in at $3,899. Neighboring Vinegar Hill followed up the lead with a median rent of $3,650, trailed by Brooklyn Heights ($3,100), and Williamsburg ($3,000).
To the shock and awe of approximately no one, the best deals on apartments in the borough were found moving farther east from the East River. The best median rent in the parts of Brooklyn charted by Zumper can be found in Brownsville, where a one-bedroom in July netted just $1,420. Other pleasantly inexpensive neighborhoods include Sunset Park ($1,600), and East Flatbush ($1,500).
To look on the bright side, New York is not San Francisco, where the median rent for a one-bedroom in July was $3,460. New York City ($3,200) was trailed by Boston ($2,230) and San Jose ($2,220).