NEW YORK CITY (PIX11) -- There are more available rental units across New York City this year, according to Streeteasy.
Despite the rising inventory, asking rent in the city rose to $3,700 in April — the highest since September 2023, Streeteasy shared. However, the rental website does predict that 2024's rental season will be calmer than last year's.
Rent in Brooklyn and Queens soared to historic highs, with the median asking rent in Brooklyn at $3,450 in April and nearly $3,000 in Queens due to limited supply. Half the neighborhoods seeing the largest increases in the number of rentals on the market are in Brooklyn and Queens, Streeteasy revealed.
Here are the top 10 neighborhoods where rental inventory is rising:
- Mott Haven, Bronx – +85.2%
- Greenpoint, Brooklyn – +47.4%
- Astoria, Queens – +47.1%
- Flatbush, Brooklyn – +35%
- Bushwick, Brooklyn – +26%
- Soho, Manhattan – +24.9%
- Harlem, Manhattan – +24.5%
- Financial District, Manhattan – +20.4%
- Williamsburg, Brooklyn – +17.4%
- Midtown South, Manhattan – +13.4%
Charline Charles is a digital journalist from Brooklyn who has covered local news along with culture and arts in the New York City area since 2019. She joined PIX11 News in 2022. See more of her work here.
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