Renters are looking for cheaper digs in Brooklyn using an online tool in the form of a colorful map that shows where to find the most and least expensive apartments.
Listing site Rentenna has color-coded each borough block-by-block based on pricing changes in 5,000 listings of one and two-bedroom apartments over the last 30 days, Curbed reported. Red blocks indicate rent hikes, blue means prices have stayed at the median for the neighborhood and green shows where prices have fallen. The map also features the median prices for each neighborhood.
With Brooklyn rents at an 11-year-high, residents could use the guidance.
According to the map, Fort Greene, Greenpoint and Windsor Terrace are the three neighborhoods with the best deals. Those priced out of Williamsburg could save more than 25 percent in rent on a two-bedroom in Greenpoint, for example.
Developers can also use the Brooklyn map, as well as one created for Manhattan a week ago, for quick analysis of the two markets. [Curbed] – Angela Hunt