Rentals in demand: College grads on the prowl

TRD's weekly look at the most searched-for apartments

TRD NEW YORK /
May.May 20, 2014 12:10 PM

Two-bedroom apartments had a big week for prospective Manhattan renters, according to Zumper, an apartment listings website.

While two-bedrooms were still the third most popular among other apartment sizes, they had 29 percent of the leads. The median inquiry for those apartments was $2,850 per month. One-bedrooms had 31 percent, while studios had 30 percent, Zumper data show. Devin O’Brien, head of strategic marketing at Zumper, attributed the rise of two-bedrooms to students returning from college. 

“Now is about the time of year when college students are graduating and looking for housing with roommates,” O’Brien told The Real Deal. “Though it doesn’t explain the entire surge, we’ve seen a number of inquiries for two-bedrooms and three-bedrooms coming from .edu email addresses.”

As for neighborhood demand, the Upper East Side was again on top, followed by the Upper West Side, West Village, Hell’s Kitchen and Central Harlem in order.

The priciest inquiry was for a three-bedroom apartment in Battery Park City asking $10,000 per month, while the cheapest was for a Central Harlem studio asking $975 per month.

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 May 18. — Mark Maurer


Related Articles

arrow_forward_ios
(Credit: iStock)

“Kicking the can down the road”: Real estate industry says $2T relief plan doesn’t do enough

Bernie Sanders (Credit: Getty Images)

Bernie Sanders throws support behind New York rent-suspension bill

Massive stimulus package has limited upside for real estate

Massive stimulus package has limited upside for real estate

Michael Gianaris (NY Senate, iStock)

Gianaris proposes relief bill for renters and landlords, but not banks

Gov. Andrew Cuomo (Credit: Bennett Raglin/Getty Images)

Cuomo says NY “took care of rent issue,” but has no policy in place

Mayor Bill de Blasio (Photo by William Farrington-Pool/Getty Images)

De Blasio says he will pursue rent moratorium

New York landlords are preparing for coronavirus outbreaks in their buildings, but say they will need help when the rent checks stop. (Governor Andrew Cuomo by by Bruce Bennett/Getty Images; Mayor Bill de Blasio by EuropaNewswire/Gado/Getty Images)

Landlords brace for impact of pandemic

Governor Andrew Cuomo (Cuomo by Steven Ferdman/Getty Images; iStock)

Cuomo suspends foreclosures and mortgage payments

arrow_forward_ios
Loading...