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
Salesforce CEO Marc Benioff and Amazon's Jeff Bezos are backing the startup (Getty, Arrived)
Bezos-backed Arrived Homes is latest startup to expand real estate investment
Bezos-backed Arrived Homes is latest startup to expand real estate investment
Gary Barnett and Jay and Stuart Podolsky in front of 1645 First Avenue (Getty, Google Maps)
Gary Barnett site has one problem: the Podolsky brothers
Gary Barnett site has one problem: the Podolsky brothers
(Getty)
Housing rush: In-person school adds fire to rapidly heating market
Housing rush: In-person school adds fire to rapidly heating market
(Illustration by Kevin Rebong for The Real Deal)
Single-family rent growth more than doubles in April
Single-family rent growth more than doubles in April
President Joe Biden (Getty/Illustration by Kevin Rebong for The Real Deal)
Dear Mr. President: Landlords urge Biden to let eviction ban expire
Dear Mr. President: Landlords urge Biden to let eviction ban expire
RSA President Joseph Strasburg (Rent Stabilization Association)
Landlords plea for water rate freeze ahead of vote
Landlords plea for water rate freeze ahead of vote
Greenwich rentals, like at The Mill (pictured), are in high demand (iStock, The Mill)
In Greenwich, luxury rentals might be hotter than sales
In Greenwich, luxury rentals might be hotter than sales
New York City Council Speaker Corey Johnson and New York State Senator Toby Ann Stavisky. (Getty, Facebook via Stavinsky)
State renews J-51, putting tax break’s fate in city’s hands
State renews J-51, putting tax break’s fate in city’s hands
arrow_forward_ios

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

Loading...