Rentals in demand: Three-bedrooms holding their own

Most popular neighborhood for searches? The Upper East Side

New York /
Jul.July 01, 2014 02:00 PM

Despite the recent surge in demand for two-bedroom rental apartments, three-bedrooms are seeing their own deluge of inquiries from prospective renters, according to Zumper, an apartment listings website.

Three-bedroom units had 23 percent of leads and a median inquiry of $4,300 per month last week. The week before, it had 13 percent of the leads. The priciest inquiry of the week was for a three-bedroom apartment in Soho renting for $10,500 per month. The cheapest was for a studio in West Harlem leasing for $1,175 per month.

Two-bedrooms nevertheless had the most leads, with 27 percent. Studios had 26 percent, while one-bedrooms had 24 percent. The median inquiry budget held stable, at $2,650 per month.

The most popular neighborhoods were, in order, the Upper East Side, the Upper West Side, West Village, East Village and Hell’s Kitchen.

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 June 29. — Mark Maurer


Related Articles

arrow_forward_ios
(iStock)
Rents in New York and South Florida metros surged more than 30%, led nationwide rise
Rents in New York and South Florida metros surged more than 30%, led nationwide rise
How long does it take to lease an affordable housing project? Too long
Red tape keeping affordable units empty for 15 months
Red tape keeping affordable units empty for 15 months
Inventory is lighting a fire under rents (Getty)
Eviction bans squeezed supply, bringing rents to boil: report
Eviction bans squeezed supply, bringing rents to boil: report
Gov. Kathy Hochul, CHIP Executive Director Jay Martin, and RSA President Joseph Strasburg (Getty, Strasburg via Jeffersons Siegel)
Fudging the numbers? Landlords say NY gamed survey to save rent stabilization
Fudging the numbers? Landlords say NY gamed survey to save rent stabilization
The hot housing market means hefty rent rises aren’t just hitting new apartments
The hot housing market means hefty rent rises aren’t just hitting new apartments
The hot housing market means hefty rent rises aren’t just hitting new apartments
The properties reportedly offer investors an average risk-adjusted annual return of about 8 percent. (iStock)
Investors consistently scoring with single-family rentals
Investors consistently scoring with single-family rentals
When rent payments began to normalize that summer, cash balances for landlords rose. (iStock)
Cash balances for landlords rose in pandemic’s early days
Cash balances for landlords rose in pandemic’s early days
NYCB CEO Thomas Cangemi (Getty, Cangemi)
Multifamily lender says loans in good shape, not endangered by rent law
Multifamily lender says loans in good shape, not endangered by rent law
arrow_forward_ios

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

Loading...