BRONX RENTAL MARKET REPORT

Bronx infographics

BRONX RENTAL MARKET REPORT ARCHIVE

introduction

THE AVERAGE RENT IN BRONX HAS DECREASED THIS MONTH.

  • 0.03%
    CHANGE
  • $2,267.33
    JUNE 2022
  • $2,266.75
    JULY 2022

A QUICK LOOK

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Over the past month, the average rental price in the neighborhoods analyzed by this report decreased by 0.03% from $2,267.33 to $2,266.75. Studio rental pricing increased by 1.22%, from $1,967.57 to $1,991.55. The average rental price for a one-bedroom unit decreased by 1.41% from $2,142.06 to $2,111.76. The average rental price for a two-bedroom unit increased by 0.17%, from $2,692.37 to $2.696.96.

The most expensive studio, one, and two-bedroom units were all seen in Mott Haven. Conversely, the most affordable studio and one-bedroom units appeared in Concourse/ Highbridge, while the most affordable two-bedrooms were in the Morris Heights/University Heights area.

Compared to this time last year, studio pricing is up by 14.01%, one-bedrooms are up by 9.33% and two-bedrooms are up by 11.70%. Overall, the year-over-year average rental price tracked by this report has increased by 11.39%.

WHERE PRICES DECREASED

price_down_icon

MOTT HAVEN

One-Bedroom -1.0%

Two-Bedroom -9.6%

CONCOURSE/
HIGHBRIDGE

Studios -2.5%

RIVERDALE

Studios -9.6%

One-Bedroom -4.4%

WHERE PRICES INCREASED

price_up_icon

MOTT HAVEN

Studios 12.7%

CONCOURSE/
HIGHBRIDGE

One-Bedroom 0.4%

Two-Bedroom 4.9%

MORRIS HEIGHTS/
UNIVERSITY HEIGHTS

Studios 0.0%

One-Bedroom 0.21%

Two-Bedroom 3.04%

RIVERDALE

Two-Bedroom 6.1%

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
4.38%
8.20%
MOTT HAVEN
RIVERDALE
23.69%
6.81%

YEAR OVER YEAR Price change

BRONX RENTS: JULY 2021 VS. JULY 2022

price changes
TYPE JULY 2021 JULY 2022 CHANGE
Studios $1,747 $1,992 14.01%
One bedrooms $1,932 $2,112 9.33%
Two bedrooms $2,415 $2,697 11.70%
BRONX

MONTH-OVER-MONTH, RENTS INCREASED SLIGHTLY BY 1.36%.

CONCOURSE/HIGHBRIDGE

THE AVERAGE RENT THIS MONTH INCREASED BY 1.25%.

MORRIS HEIGHTS/UNIVERSITY HEIGHTS

OVER THE PAST MONTH, AVERAGE RENTS REMAINED STABLE, DECREASING BY JUST 0.43%.

MOTT HAVEN

THE AVERAGE RENT THIS MONTH IN RIVERDALE DECREASED SLIGHTLY BY 1.67%.

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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