BRONX RENTAL MARKET REPORT

Bronx infographics

BRONX RENTAL MARKET REPORT ARCHIVE

introduction

THE AVERAGE RENT IN BRONX HAS DECREASED THIS MONTH.

  • 0.32%
    CHANGE
  • $2,026
    MAY 2021
  • $2,019
    JUNE 2021

A QUICK LOOK

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Over the past month, the average rental price in the neighborhoods analyzed by this report decreased by 0.32%, from $2,026.06 to $2,019.48. Studio rental pricing decreased by 0.18%, from $1,730.13 to $1,727.07. The average rental price for a one-bedroom unit increased by 1.21%, from $1,912.07 to $1,935.22. The average rental price for a two-bedroom unit decreased by 1.63%, from $2,435.97 to $2,396.16.

Compared to this time last year; studio, one, and two-bedroom rental prices are up by 3.75%, 3.25%, and 3.97%, respectively. Overall, the average rental price tracked by this report is up 3.68%, year-over-year.

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. The most affordable studio units could be found in Concourse/Highbridge, while the most affordable one and two-bedrooms apartments were in Morris/ University Heights.

WHERE PRICES DECREASED

price_down_icon

MOTT HAVEN

One-Bedroom -0.9%

Two-Bedroom -2.8%

CONCOURSE/
HIGHBRIDGE

Two-Bedroom -1.3%

MORRIS HEIGHTS/
UNIVERSITY HEIGHTS

Two-Bedroom -0.02%

RIVERDALE

Studios -2.2%

One-Bedroom -2.8%

Two-Bedroom -1.9%

WHERE PRICES INCREASED

price_up_icon

MOTT HAVEN

Studios 0.7%

CONCOURSE/
HIGHBRIDGE

Studios 1.1%

One-Bedroom 3.1%

MORRIS HEIGHTS/
UNIVERSITY HEIGHTS

One-Bedroom 8.1%

BRONX AVERAGE PRICE

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BRONX AVERAGE PRICE

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BRONX AVERAGE PRICE

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A QUICK LOOK

year over year PRICE CHANGE BY NEIGHBORHOOD

year over year
CONCOURSE/HIGHBRIDGE
MORRIS-UNIVERSITY HEIGHTS
1.91%
0.42%
MOTT HAVEN
RIVERDALE
7.74%
7.00%

YEAR OVER YEAR Price change

BRONX RENTS: JUNE 2020 VS. JUNE 2021

price changes
TYPE JUNE 2020 JUNE 2021 CHANGE
Studios $1,665 $1,727 3.8%
One bedrooms $1,874 $1,935 3.3%
Two bedrooms $2,305 $2,396 4.0%
BRONX

OVER THE PAST MONTH, THE AVERAGE RENTAL PRICE IN CONCOURSE & HIGHBRIDGE INCREASED BY 0.74%.

CONCOURSE/HIGHBRIDGE

THE AVERAGE RENTAL PRICE IN MORRIS HEIGHTS & UNIVERSITY HEIGHTS INCREASED BY 2.43% THROUGH JUNE.

MORRIS HEIGHTS/UNIVERSITY HEIGHTS

THROUGH JUNE, THE AVERAGE RENTAL PRICE IN MOTT HAVEN DECREASED BY 1.21%.

MOTT HAVEN

OVER THE PAST MONTH, THE AVERAGE RENTAL PRICE IN RIVERDALE DECREASED BY 2.25%.

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

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