Rentals in demand: Greenwich Village, studios

TRD New York /
Dec.December 02, 2013 12:52 PM

Greenwich Village and the West Village, in order, overcame the often-dominant Upper East Side as the most in-demand Manhattan neighborhood of the last week, according to Zumper, an apartment listings website. The Upper East Side took third place among most popular neighborhoods for prospective renters, followed by Hell’s Kitchen and Chelsea.

“Prices didn’t change much from last week, but the volume of rental searches dropped 20 percent due to the Thanksgiving holiday,” Zumper COO Taylor Glass-Moore told The Real Deal.

Even though it was the holidays, renters spent the week seeking a place to live alone. They were most often looking for studio apartments, representing 40 percent of total inquiries, the Zumper data show. The median rent query for studios overall was $1,695 per month.

One-bedrooms had 30 percent of the total market share, and a median inquiry of $2,800, while two-bedrooms had 25 percent of the market and a median query of $2,760. Three-bedrooms had a meager 5 percent of the market and a median query of $4,000.

“It’s interesting to see that the median search price for two-bedrooms is almost equivalent to one-bedrooms,” Glass-Moore said. “Although this is mainly due to renters searching for affordably priced two-bedrooms in Washington Heights and Harlem, there are some renters who found some nice discounts on two-bedrooms in Greenwich Village and West Village last week.”

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 Dec. 1. — Mark Maurer


Related Articles

arrow_forward_ios
Wall Street investors are prepared to buy and turn single-family homes into rentals when forbearance programs expire and homeowners look to sell. (iStock)

Wall Street investors bet on single-family rentals as mortgage payments stack up

Wall Street investors bet on single-family rentals as mortgage payments stack up
Zumper CEO Anthemos Georgiades (Getty; iStock)

What you need to know about Zumper, a $400M startup accused of renter bias

What you need to know about Zumper, a $400M startup accused of renter bias
(iStock)

Landlords lost about $9B in rental payments last quarter: report

Landlords lost about $9B in rental payments last quarter: report
Parc East Towers in 240 East 27th Street (iStock; Equity Apartments)

Here’s where NYC rents fell the most in August

Here’s where NYC rents fell the most in August
Nationwide market-rate rent payments in September sank to their lowest levels since the start of the pandemic (Source: National Multifamily Housing Council/Tableau)

Market-rate rent payments sink to lowest level since start of pandemic

Market-rate rent payments sink to lowest level since start of pandemic
Cardi B, Taraji P. Henson renting $35K/month Malibu pad

Cardi B, Taraji P. Henson renting $35K/month Malibu pad

Cardi B, Taraji P. Henson renting $35K/month Malibu pad
No-fee listings in Manhattan and Brooklyn are increasing, as the city sees an exodus of residents. (iStock)

No-fee rentals surge in Manhattan and Brooklyn

No-fee rentals surge in Manhattan and Brooklyn
(iStock)(iStock)

New York landlords and tenants blast CDC eviction ban

New York landlords and tenants blast CDC eviction ban
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...