Rentals in demand: Studios dethrone one-bedrooms

TRD New York /
Dec.December 30, 2013 01:01 PM

Manhattan renters were hungry for studios last week, searching out such modest digs with more frequency than any other type of apartment, according to Zumper, an apartment listings website.

Studios were 55 percent of total inquiries, and the median rent query was $1,795 per month. One-bedrooms, often the most popular type, had 35 percent of the leads and the median query was $1,895. Two-bedrooms had the smallest chunk of leads – 10 percent – and an average query of $2,695.

“The searched prices for studios remained stable, [while] one-bedrooms dropped 16 percent,” Zumper COO Taylor Glass-Moore told The Real Deal. “Two-bedrooms climbed 45 percent.”

The top five most in-demand neighborhoods in Manhattan were, in order, the Upper East Side, Greenwich Village, Upper West Side, Soho and Lower East Side, data show.

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 ending Dec. 29.Mark Maurer


Related Articles

(Credit: iStock)

Luxury rents up across the city

US rent payments in the 2010s totaled $4.5T

Why New Yorkers, Californians and others pay so much rent

(Credit: iStock)

Manhattan rents hit highest level in more than a decade

(Credit: iStock)

The city’s rental growth is slowing

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

Tete-à-tete with TRD: How landlords are dealing with New York’s new rent laws

Tete-à-tete with TRD: How landlords are dealing with New York’s new rent laws

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