The rent for a one bedroom in NYC, which is the average rent for apartments in the city, is about $3,700 per month, according to a report released Tuesday by the nonprofit group Rent Stabilization.
While the average price of a one room apartment is more than $2,100, a few neighborhoods in the country are seeing rents on the rise.
Below are 10 neighborhoods in New York that are seeing their rent prices soar.
South Bronx, New York: The median rent for one-bedrooms in the South Bronx is $1,900 per month.
That’s up from $1.8,000 last year.
The median price of an apartment in South Bronx has jumped nearly 40 percent from last year, according a report from RealtyTrac.
Two-bedroom apartments in South Brooklyn, for example, went up almost 40 percent, according the report.
In Queens, two-beds went up nearly 20 percent, but a lot of it was due to the high number of units in Manhattan.
Harlem, New Jersey: The average rent is up 35 percent in the past year, to $1.,600 per month for a two-bedroom.
But the median price for a three-bedroom apartment is up more than 40 percent to $2.2,000, according Realty Trac.
That means it’s cheaper to rent than the city average.
Harlem South Bronx: The apartment market in Harlem is showing signs of slowing down, according, Realty TRAC.
The average apartment in Harlem South-Brunswick, the city’s wealthiest neighborhood, went from $3.6 million in 2012 to $3 million last year to $4.4 million in 2021.
That makes Harlem South one of the most expensive neighborhoods in NYC for renters.
The next cheapest neighborhood, is Bedford-Stuyvesant, which went from just $2 million in 2016 to $7.5 million in 2019.
Harlem East Village: The neighborhood’s median rent is about 30 percent higher than the average, according data from Zillow.
That may have something to do with the number of vacant units in the area, which are estimated to be at more than a quarter of the city.
The city estimates there are about 1,300 vacant units.
Harlem West Village: There are about 2,200 vacant units, which make up more of the neighborhood than any other, according Zillovision.
The area is also one of a few places where the median rent has jumped 40 percent.
In 2018, the median rental for a four-bedroom was $2 a month, up from about $1 a month last year when rents were still lower.
New York City’s East Village and Midtown: While the median rents are up, the number and type of units is decreasing.
Zillows estimates the number that are being used are increasing about 12 percent per year, which suggests that the area may be getting more affordable.
The Midtown apartments in Brooklyn and the East Village apartments in Queens are getting more expensive, as are the apartment buildings in the Upper East Side.
The areas that are getting pricier include Bedford-Somerset, which has seen a 40 percent increase in rent in the last year and a half, and Upper East Village, which saw a 40.5 percent increase.
Manhattan and Brooklyn: There is no change in median rents for a Manhattan apartment, which jumped from $2 per month in 2016, to more than double that, in 2018.
The number of new units in New Jersey has also increased, according NADA, the nonprofit that tracks housing data.
Harlem Village: Rent in Harlem Village has grown by an average of 42 percent a year since 2013.
The amount of space in an apartment has grown from 12 to 24 square feet, which the report states is more space than was available in the 1960s.
Midtown, Brooklyn: A one- bedroom apartment is still $2 cheaper than the median apartment price in Manhattan, according of Zillocount.
But Midtown is getting priciest in the City.
The one-room apartment is $3 per month more expensive than the midtown neighborhood.
The three-room, one-bathroom apartment in Midtown went up 43 percent in price.
Bedford-East Side: A two- and three-bed apartment in Bedford-Albany, a neighborhood in Brooklyn that is known for the high rents, went to $5,200 a month in 2018, up slightly from $4,800 in 2017.
The most expensive apartment in the neighborhood is in Brooklyn’s Flatbush neighborhood, which was up nearly 40% last year due to a surge in units.