Rentals in demand: Upper East Side drops from No. 1 spot

TRD New York /
Oct.October 14, 2013 03:45 PM

The West Village is the most in-demand Manhattan neighborhood of the last week, according to Zumper, an apartment listings website. The other most popular spots, in order, are the Upper East Side, which led the charge for the previous five weeks, Hell’s Kitchen, Chelsea and the Upper West Side.

“The West Village, always a top 10 neighborhood, was pushed down from the top three because a large volume of leads over the summer and early fall were from younger professionals moving to New York City with incomes in the $75,000 to $100,000 range who found better deals in other neighborhoods,” Zumper chief operating officer Taylor Glass-Moore told The Real Deal.

“Most of those renters have leased apartments by now, so it’s likely we’ll see pricier neighborhoods climb the charts.”

Renters asked brokers about two-bedroom apartments more than any other apartment type — representing 47 percent of total inquiries, the data from Zumper show. The median rent query for two-bedroom apartments in Manhattan overall was $4,100 per month.

One-bedrooms had 25 percent of the total market share, and a median inquiry of $2,500, while studios had 21 percent of the market and a median query of $1,650. Three-bedrooms had the smallest chunk with 7 percent of the market and a median query of $3,973. – Julie Strickland

Methodology: Zumper determined the rankings by using a representative sample of emails and phone calls from renters interested in its Manhattan listings available during the week of Oct. 7.

Related Articles

255 West 11th Street with Liv Tyler and 49 East 67th Street  with Thomas and Ann Unterberg (Credit: Getty Images and Google Maps)

Here’s what sold in NYC’s luxury home market last week

 2 Bank Street and Alan Stillman (Credit: Getty Images, Lee & Associates)

Smith & Wollensky owner signs lease for new eatery in West Village

Philip Seymour Hoffman and 1 Sheridan Square (Credit: Getty Images and Google Maps)

Philip Seymour Hoffman’s old West Village pad sells for $2.57M

The massive meeting held in a suburban casino outside of Utica came at a time when the real estate industry is asking itself some tough questions. (Credit: iStock)

Meet the 400 landlords that are taking rent laws into their own hands

Olivia Gamber, the farmer-in-residence at Staten Island Urby’s Rabbit Garden

The Staten Island rental that’s luring in renters with tomatoes and hot peppers

Portland, Maine (Credit: iStock)

The states with the biggest share of vacation rentals aren’t where you’d think

Landlords are exploring “creative” ways of mitigating the impacts of the new rent law. (Credit: iStock)

How NYC landlords are trying to get around the new rent law

(Credit: iStock)

Manhattan homebuyers continue “camping out” in the rental market: Elliman