BRONX RENTAL MARKET REPORT

Bronx infographics

BRONX RENTAL MARKET REPORT ARCHIVE

AVERAGE RENT

bronx

THE AVERAGE RENT IN BRONX HAS DECREASED THIS MONTH.

  • 0.71%
    CHANGE
  • $1,960.47
    AUGUST 2019
  • $1,946.63
    SEPTEMBER 2019

A QUICK LOOK

queens

Over the last month, the average rental rate in the neighborhoods analyzed by this report decreased by 0.71%, from $1,960.47 to $1,946.63. Studio rental pricing experienced a correction of 6.84%, while one and two-bedrooms units saw their average rental rates increase by 2.12% and 2.22%, respectively. This past month, the most expensive studio and one-bedroom rentals were in Mott Haven, while the most expensive two-bedroom rentals were in Riverdale. On the other end of the spectrum, the most affordable studio and two-bedroom rental units were in Morris Heights & University Heights, while the most affordable one-bedroom rental units were in Concourse & Highbridge.

WHERE PRICES DECREASED

price_down_icon

MOTT HAVEN

Studios -8.8%

CONCOURSE/
HIGHBRIDGE

Studios -3.8%

One-Bedroom -0.4%

WHERE PRICES INCREASED

price_up_icon

MOTT HAVEN

One-Bedroom 0.7%

Two-Bedroom 2.7%

CONCOURSE/
HIGHBRIDGE

Two-Bedroom 1.5%

MORRIS HEIGHTS/
UNIVERSITY HEIGHTS

One-Bedroom 5.5%

Two-Bedroom 0.4%

RIVERDALE

Studios 2.0%

One-Bedroom 3.0%

Two-Bedroom 3.7%

BRONX AVERAGE PRICE

bronx

BRONX AVERAGE PRICE

bronx

BRONX AVERAGE PRICE

bronx

BRONX

BRONX

CONCOURSE/HIGHBRIDGE

FOLLOWING LAST MONTH’S PRICE CORRECTION, AVERAGE RENTAL PRICING IN CONCOURSE & HIGHBRIDGE STABILIZED THROUGH SEPTEMBER, FALLING BY A RELATIVELY SUBDUED 0.71%.

CONCOURSE/HIGHBRIDGE

MORRIS HEIGHTS/UNIVERSITY HEIGHTS

THANKS TO THE REINTRODUCTION OF STUDIO INVENTORY INTO THE RENTAL MARKET IN MORRIS HEIGHTS & UNIVERSITY HEIGHTS, AVERAGE PRICING IN THE AREA EXPERIENCED A CORRECTION OF 4.04%.

MORRIS HEIGHTS/UNIVERSITY HEIGHTS

MOTT HAVEN

THIS PAST MONTH, THE AVERAGE RENTAL PRICE IN MOTT HAVEN FELL BY 1.52%.

MOTT HAVEN

RIVERDALE

THROUGH SEPTEMBER, THE AVERAGE RENTAL PRICE IN RIVERDALE INCREASED BY 3.02%.

RIVERDALE

THE REPORT EXPLAINED

THE BRONX RENTAL MARKET REPORT TM COMPARES FLUCTUATION IN THE BOROUGH’S RENTAL DATA ON A MONTHLY BASIS. IT IS AN ESSENTIAL TOOL FOR POTENTIAL RENTERS SEEKING TRANSPARENCY IN THE BRONX APARTMENT MARKET AND A BENCHMARK FOR LANDLORDS TOEFFCIENTLY AND FAIRLY ADJUST INDIVIDUAL PROPERTY RENTS IN BRONX.

The Bronx Rental Market ReportTM is based on a cross-section of data from available listings and priced under $10,000, with ultraluxury property omitted to obtain a true monthly rental average. Our data is aggregated from the MNS proprietary database and sampled from a specifc mid-month point to record current rental rates offered by landlords during that particular month. It is then combined with information from the REBNY Real Estate Listings Source (RLS), OnLine Residential (OLR.com) and R.O.L.E.X. (Real Plus).

Author: MNS has been helping Bronx landlords and renters navigate the rental market since 1999. From large companies to individuals, MNS tailors services to meet your needs. Contact us today to see how we can help.

Contact Us Now: 718-222-0211
Note: All market data is collected and compiled by MNS’s marketing department. The information presented here is intended for instructive purposes only and has been gathered from sources deemed reliable, though it may be subject to errors, omissions, changes or withdrawal without notice. If you would like to republish this report on the web, please be sure to source it as the “Bronx Rental Market Report” with a link back to its original location.

HTTP://WWW.MNS.COM/BRONX_ RENTAL_MARKET_REPORT