Rentals in demand: College grads on the prowl

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

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
Southampton Village mayor Jesse Warren (Getty Images, iStock, Illustration by Kevin Cifuentes for The Real Deal)
Southampton Village allows owners to collect summer’s rent upfront
Southampton Village allows owners to collect summer’s rent upfront
Schenectady City Council president Marion Porterfield (Facebook, iStock)
Destructive tenants driving upstate landlords to despair
Destructive tenants driving upstate landlords to despair
CHIP executive director Jay Martin (LinkedIn, iStock / Photo illustration by Priyanka Modi)
Landlords called it: Vacancy rate jumps, rent-stabilization stays
Landlords called it: Vacancy rate jumps, rent-stabilization stays
Related CEO Jeff Blau and 455 Tenth Avenue (Chris Martin, Google Maps, iStock)
Related launches lodging for executives’ hybrid work
Related launches lodging for executives’ hybrid work
Barbara Russo, Danielle Englebardt, and Oren and Tal Alexander (Getty, iStock BFA)
Ranking the top residential brokers on the Upper East Side
Ranking the top residential brokers on the Upper East Side
Elad Group's Isaac Tshuva and1299 Third Avenue (Getty, Google Maps)
Elad picks up shovel-ready UES development site
Elad picks up shovel-ready UES development site
(iStock, Illustration by Kevin Cifuentes for The Real Deal)
Goldman Sachs-backed funds pay $45M for Florida community
Goldman Sachs-backed funds pay $45M for Florida community
The Rio (StreetEasy, iStock)
Upper East Side co-op sues octogenarian resident who allegedly pooped in pool
Upper East Side co-op sues octogenarian resident who allegedly pooped in pool
arrow_forward_ios

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

Loading...