BRONX RENTAL MARKET REPORT
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BRONX RENTAL MARKET REPORT ARCHIVE
AVERAGE RENT
THE AVERAGE RENT IN BRONX HAS DECREASED THIS MONTH.
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CHANGE
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$1,960.47AUGUST 2019
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$1,946.63SEPTEMBER 2019
A QUICK LOOK
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
MOTT HAVEN
Studios -8.8%
CONCOURSE/
HIGHBRIDGE
Studios -3.8%
One-Bedroom -0.4%
WHERE PRICES INCREASED
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 AVERAGE PRICE
BRONX AVERAGE PRICE
PRICE TRENDS
BRONX
PRICE TRENDS
CONCOURSE/HIGHBRIDGE
FOLLOWING LAST MONTH’S PRICE CORRECTION, AVERAGE RENTAL PRICING IN CONCOURSE & HIGHBRIDGE STABILIZED THROUGH SEPTEMBER, FALLING BY A RELATIVELY SUBDUED 0.71%.
PRICE TRENDS
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%.
PRICE TRENDS
MOTT HAVEN
THIS PAST MONTH, THE AVERAGE RENTAL PRICE IN MOTT HAVEN FELL BY 1.52%.
PRICE TRENDS
RIVERDALE
THROUGH SEPTEMBER, THE AVERAGE RENTAL PRICE IN RIVERDALE INCREASED BY 3.02%.
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.
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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.