Rental market snapshot for South Bronx, Bronx
South Bronx rental market summary
The rental market in South Bronx, New York is showing signs of growth. In July 2023, there were 124 new listings, a 6.4% increase from the previous month. This is a sign that the market is becoming more competitive and that more people are looking for rental properties. The median rent in July 2023 was $2,500, a 13.6% increase from the same time last year. This indicates that rental prices are on the rise, likely due to increased demand.
Overall, the rental market in South Bronx, New York is showing signs of growth. With more listings and higher rental prices, it is becoming a more attractive option for renters. This could be a great opportunity for landlords to capitalize on the increasing demand for rental properties in the area.
Median rent for all residential properties in South Bronx
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The most expensive listings and top trending buildings in South Bronx
Most Expensive Listings
| Address | Rent Price | Bed / Bath |
|---|---|---|
| 1487 Hoe Ave | $4,197 | 4 / 1.0 |
| 1668 Southern Blvd | $3,500 | 4 / 2.0 |
| 647 Courtlandt Ave | $3,500 | 4 / 2.0 |
| 670 Freeman St | $3,500 | 3 / 2.0 |
| 988 Findlay Ave | $3,400 | 3 / 2.0 |
Top Trending Buildings
| building name | avg rent price |
|---|---|
| Zillow | $1,498 |
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Bedroom Breakdown in South Bronx
South Bronx neighborhood apartments rents
The rental market for studios in South Bronx, New York is showing signs of improvement. In May 2023, there were two new studio listings, and the median rent for studios decreased by 10.6% from April 2023 to May 2023, from $1,675 to $1,498. This suggests that the rental market is becoming more affordable for those looking for studio apartments in the South Bronx.
The rental market for 1-bedroom apartments in South Bronx, New York is showing signs of stability. In May 2023, there were only two new listings, indicating that the market is not experiencing a large influx of new properties. The median rent for 1-bedroom apartments in May 2023 was $1,498, which is a 9.2% decrease from the median rent in April 2023. This suggests that the rental market is not experiencing significant inflation, and that prices are staying relatively stable.
The rental market for 2-bedroom apartments in South Bronx, New York, is showing signs of a slight decrease in rent prices. In May 2023, there was only one new 2-bedroom listing, and the median rent for 2-bedroom apartments decreased by 14.6% from April 2023 to May 2023, from $2,575 to $2,200. This could be a sign that the rental market is cooling off, and renters may be able to find more affordable options in the near future.