BRONX RENTAL MARKET REPORT

Bronx infographics

BRONX RENTAL MARKET REPORT ARCHIVE

AVERAGE RENT

THE AVERAGE RENT IN BRONX HAS DECREASED THIS MONTH.

  • 3.53%
    CHANGE
  • $1,960
    OCTOBER 2019
  • $1,891
    NOVEMBER 2019

A QUICK LOOK

bronx

Over the last month, the average rental rate in the neighborhoods analyzed by this report decreased by 3.53%, from $1,959.71 to $1,890.53. Studio rental pricing fell by 2.01%, from $1,651.96 to $1,618.71. One-bedroom rental pricing decreased by 3.29%, from $1,902.56 to $1,840.01. Two-bedroom pricing experienced a correction of 3.08%, from $2,283.09 to $2,212.87.

This past month, the most expensive studio and one-bedroom units by average rent could be found in Mott Haven, while the most expensive two-bedroom units were in Riverdale. The most affordable studio, one-bedroom, and two-bedroom units by average rent were in Morris/University Heights.

WHERE PRICES DECREASED

price_down_icon

MOTT HAVEN

One-Bedroom -10.3%

Two-Bedroom -11.3%

CONCOURSE/
HIGHBRIDGE

Studios -0.6%

Two-Bedroom -3.0%

MORRIS HEIGHTS/
UNIVERSITY HEIGHTS

One-Bedroom -1.4%

RIVERDALE

Studios -2.4%

One-Bedroom -1.7%

WHERE PRICES INCREASED

price_up_icon

MOTT HAVEN

Studios 2.7%

CONCOURSE/
HIGHBRIDGE

One-Bedroom 2.5%

MORRIS HEIGHTS/
UNIVERSITY HEIGHTS

Two-Bedroom 0.6%

RIVERDALE

Two-Bedroom 2.1%

BRONX AVERAGE PRICE

bronx

BRONX AVERAGE PRICE

bronx

BRONX AVERAGE PRICE

bronx
BRONX

REMAINING RELATIVELY STABLE, THE AVERAGE RENTAL PRICE IN CONCOURSE & HIGHBRIDGE FELL BY JUST 0.58% THROUGH NOVEMBER.

CONCOURSE/HIGHBRIDGE

THANKS TO THE REINTRODUCTION OF STUDIO INVENTORY IN THE MORRIS/UNIVERSITY HEIGHTS MARKET, THE AVERAGE RENTAL PRICE IN THE AREA FELL BY 5.59%.

MORRIS HEIGHTS/UNIVERSITY HEIGHTS

THIS PAST MONTH, THE AVERAGE RENTAL PRICE IN MOTT HAVEN EXPERIENCED A CORRECTION OF 7.31%. THIS DROP IS THE RESULT OF RENTAL MARKET SEASONALITY COINCIDING WITH A DECREASE IN LUXURY INVENTORY IN THE AREA.

MOTT HAVEN

THROUGH NOVEMBER, THE AVERAGE RENTAL PRICE IN RIVERDALE EXPERIENCED A SLIGHT CORRECTION OF 0.35%.

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

thank you