The Real Deal New York

Rentals in demand: Three-bedrooms holding their own

Most popular neighborhood for searches? The Upper East Side

July 01, 2014 02:00PM

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Rentals-in-demandDespite the recent surge in demand for two-bedroom rental apartments, three-bedrooms are seeing their own deluge of inquiries from prospective renters, according to Zumper, an apartment listings website.

Three-bedroom units had 23 percent of leads and a median inquiry of $4,300 per month last week. The week before, it had 13 percent of the leads. The priciest inquiry of the week was for a three-bedroom apartment in Soho renting for $10,500 per month. The cheapest was for a studio in West Harlem leasing for $1,175 per month.

Two-bedrooms nevertheless had the most leads, with 27 percent. Studios had 26 percent, while one-bedrooms had 24 percent. The median inquiry budget held stable, at $2,650 per month.

The most popular neighborhoods were, in order, the Upper East Side, the Upper West Side, West Village, East Village and Hell’s Kitchen.

Methodology: Zumper determined the rankings by using a representative sample of emails and phone calls from renters interested in its Manhattan listings available for the week ending June 29. — Mark Maurer

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