
Bronx Posts Double-Digit Annual Gains in Apartment Rents
Apartment rents are on the rise in the Bronx as well, according to MNS Real Estate. Average monthly rents in the Bronx neighborhoods analyzed by MNS increased by 1.76% in September from $2,220.95 in August to $2,260.00.
Studio rental pricing posted the smallest increase at 0.02%, going from $1,943.99 to $1,944.34. The average rental price for a one-bedroom unit increased by 2.68% from $2,089.34 to $2,145.26. The average rental price for a two-bedroom unit increased by 2.32%, from $2,629.51 to $2,690.39.
The most expensive studio, one, and two-bedroom units were all seen in Mott Haven. Conversely, the most affordable studio and two-bedroom units appeared in Morris Heights/University Heights and one-bedroom units in Concourse/Highbridge.
Year over year, studio pricing is up by 10.67%, one-bedrooms are up by 10.19% and two-bedrooms are up by 10.74%. Overall, the Y-O-Y average Bronx rental price tracked by MNS has increased by 10.33%.
- ◦Lease