Rental listings site Zumper just did the math to calculate the median rents in cities across the U.S. during the last month of 2014. Firstly, when it comes to renting a one-bedroom apartment, New York is second to only San Francisco, trailing the City by the Bay by $290/month. Rents overall increased 3.3 percent, though, which was a higher growth rate than SF's (which clocked in at about 1 percent). In New York City, rent hikes were propelled by Brooklyn, where they jumped 10.2 percent over the course of 2014 across the borough. When you break down the data into 60 neighborhoods [warning, PDF!], though, one in Manhattan still tops the list as the most expensive place in the five boroughs to rent.
Why, Tribeca, of course, followed by NoMad, Flatiron, Dumbo and Noho.
Click for big.
As for the areas at the bottom of the list, median rents for one-bedrooms are lowest in Rego Park, Kensington, Bed-Stuy, Crown Heights, and Riverdale.
· December 2014 Rent Report [official; PDF]
· Zumper Monthly Rent Report: December 2014 [Zumper]
· All Zumper coverage [Curbed]