Bronx Rents Rising with Highbridge Asking Rents Up 22% as Overall NYC Declines by 3.4%

Zumper just released its annual NYC Rent Map showing how rents have increased (or decreased) over the course of the year and the results are quite surprising (or not) with overall NYC rents dipping by 3.7% but The Bronx showed the biggest increases in all of NYC with rents jumping by 22% in Highbridge with an average of $1,525 for 1 bedroom apartments.

Although rents are down in NYC overall by 3.7%, the Bronx rental market is showing an increase in asking rents with six Bronx neighborhoods in the top ten list and four of those at the very top. (But gentrification isn’t happening according to some folks!)

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Here’s the list via Zumper:

 

It’s interesting to see that despite all the fuss and focus on Port Morris with all the luxury market rate housing being constructed that rents actually took a dip. Is the Port Morris buzz wearing off?

 

 

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