BRONX RENTAL MARKET REPORT
BRONX RENTAL MARKET REPORT ARCHIVE
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introduction
THE AVERAGE RENT IN BRONX HAS DECREASED THIS MONTH.
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CHANGE
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$2,474NOVEMBER 2024
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$2,434DECEMBER 2024
A QUICK LOOK
Over the past month, the average rental price in the neighborhoods analyzed by this report decreased by 1.63%, from $2,474 to $2,434. Studio rental pricing decreased by 5.50%, from $2,190 to $2,070. The average rental price for a one-bedroom unit increased by 1.04%, from $2,348 to $2,372. The average rental price for a two-bedroom unit decreased by 1.62%, from $2,907 to $2,860.
The most expensive studio, one and two-bedroom units were all seen in Mott Haven. Conversely, the most affordable studio units were in Concourse/ Highbridge; the most affordable one and two-bedroom units were in Morris-University Heights.
Compared to this time last year, studio pricing is up by 7.19%, one-bedrooms are up by 1.64% and two-bedrooms are down by 1.86%. Overall, the year-over-year average rental price tracked by this report has decreased by 0.95%
Most Expensive:
- Studio: Mott Haven - $2,919
- 1 BD: Mott Haven - $2,968
- 2 BD: Mott Haven - $3,512
Least Expensive:
- Studio: Concourse/Highbridge - $1,600
- 1 BD: Morris-University Heights - $1,800
- 2 BD: Morris-University Heights - $2,262
WHERE PRICES DECREASED
CONCOURSE/
HIGHBRIDGE
Studios -10.1
Two-Bedroom -3.3%
MORRIS HEIGHTS/
UNIVERSITY HEIGHTS
One-Bedroom -7.0%
Two-Bedroom -0.2%
RIVERDALE
Studios -4.5%
Two-Bedroom -6.4%
WHERE PRICES INCREASED
MOTT HAVEN
Studios 12.1%
One-Bedroom 1.8%
Two-Bedroom 3.4%
CONCOURSE/
HIGHBRIDGE
One-Bedroom 3.5%
MORRIS HEIGHTS/
UNIVERSITY HEIGHTS
Studios 0.0%
RIVERDALE
One-Bedroom 4.3%
BRONX AVERAGE PRICE
BRONX AVERAGE PRICE
BRONX AVERAGE PRICE
A QUICK LOOK
year over year PRICE CHANGE BY NEIGHBORHOOD
YEAR OVER YEAR Price change
BRONX RENTS: DECEMBER 2023 VS. DECEMBER 2024
| TYPE | DECEMBER 2023 | DECEMBER 2024 | CHANGE |
|---|---|---|---|
| Studios | $1,931 | $2,070 | 7.19% |
| One bedrooms | $2,334 | $2,372 | 1.64% |
| Two bedrooms | $2,914 | $2,860 | 1.86% |
BRONX PRICE TRENDS
CONCOURSE/HIGHBRIDGE PRICE TRENDS
OVER THE PAST MONTH, THE AVERAGE RENTAL PRICE IN CONCOURSE & HIGHBRIDGE DECREASED BY 3.10%.
MORRIS HEIGHTS/UNIVERSITY HEIGHTS PRICE TRENDS
MONTH-OVER-MONTH, THE AVERAGE RENTAL PRICE IN MORRIS HEIGHTS & UNIVERSITY HEIGHTS DECREASED BY 9.04%.
MOTT HAVEN PRICE TRENDS
THROUGH DECEMBER, THE AVERAGE RENTAL PRICE IN MOTT HAVEN INCREASED BY 5.42%.
RIVERDALE PRICE TRENDS
THE AVERAGE RENTAL PRICE IN RIVERDALE DECREASED BY 2.47%.
THE REPORT EXPLAINED
THE BRONX RENTAL MARKET REPORT TM COMPARES FLUCTUATION IN THE BOROUGH’S RENTAL DATA ON A MONTHLY BASIS. IT IS AN ESSENTIAL TOOL FOR POTENTIAL RENTERS SEEKING TRANSPARENCY IN THE BRONX APARTMENT MARKET AND A BENCHMARK FOR LANDLORDS TOEFFCIENTLY AND FAIRLY ADJUST INDIVIDUAL PROPERTY RENTS IN BRONX.
The Bronx Rental Market ReportTM is based on a cross-section of data from available listings and priced under $10,000, with ultraluxury property omitted to obtain a true monthly rental average. Our data is aggregated from the MNS proprietary database and sampled from a specifc mid-month point to record current rental rates offered by landlords during that particular month. It is then combined with information from the REBNY Real Estate Listings Source (RLS), OnLine Residential (OLR.com) and R.O.L.E.X. (Real Plus).
Author: MNS has been helping Bronx landlords and renters navigate the rental market since 1999. From large companies to individuals, MNS tailors services to meet your needs. Contact us today to see how we can help.
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Note: All market data is collected and compiled by MNS’s marketing department. The information presented here is intended for instructive purposes only and has been gathered from sources deemed reliable, though it may be subject to errors, omissions, changes or withdrawal without notice. If you would like to republish this report on the web, please be sure to source it as the “Bronx Rental Market Report” with a link back to its original location.
