Rentals in demand: Upper East Side reigns supreme

TRD New York /
Nov.November 25, 2013 12:48 PM

The Upper East Side was the most in-demand Manhattan neighborhood of the last week, according to Zumper, an apartment listings website.

Renters were most often looking for two-bedroom apartments, representing 44 percent of total inquiries, the Zumper data show. The median rent query for two-bedrooms overall was $2,968 per month.

The East Village, Kips Bay, Hell’s Kitchen and the West Village, in order, were the other most popular neighborhoods for prospective renters. Three of the five most sought after areas are on the East Side.

“List prices have begun to drop as landlords adjust for a slower market entering the holiday season,” Zumper chief operating officer Taylor Glass-Moore told The Real Deal. “The popularity of two-bedrooms indicates that renters are taking advantage of the slower market to capture more space.”

One-bedrooms had 30 percent of the total market share, and a median inquiry of $2,475, while studios had 25 percent of the market and a median query of $1,639. Three-bedrooms barely made a dent, with 1 percent of the market and a median query of $3,973. — Mark Maurer

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 Nov. 24. 

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