Rental market snapshot for University Heights, Bronx
University Heights rental market summary
The rental market in University Heights, New York is showing signs of growth. In July of 2023, there were 40 new listings, a sign that the market is expanding. The median rent in July of 2023 was $2,349, a 14.6% increase from the median rent in July of 2022. This indicates that the rental market is becoming more expensive, likely due to increased demand for rental properties in the area.
Overall, the rental market in University Heights, New York is growing and becoming more expensive. With 40 new listings in July of 2023, it is clear that the market is expanding. The median rent in July of 2023 was $2,349, a 14.6% increase from the median rent in July of 2022. This suggests that the rental market is becoming more expensive, likely due to increased demand for rental properties in the area.
Median rent for all residential properties in University Heights
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The most expensive listings and top trending buildings in University Heights
Most Expensive Listings
| Address | Rent Price | Bed / Bath |
|---|---|---|
| 211 W 179th St | $3,200 | 3 / 1.5 |
| 74 Clinton Pl | $2,859 | 4 / 1.0 |
| 51 Buchanan Pl | $2,700 | 3 / 1.0 |
| 1991 Sedgwick Ave | $2,699 | 1 / 1.0 |
| 1995 Sedgwick Ave | $2,699 | 2 / 1.0 |
Top Trending Buildings
| building name | avg rent price |
|---|---|
| Zillow | $2,000 |
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Bedroom Breakdown in University Heights
University Heights neighborhood apartments rents
The rental market for studios in University Heights, New York is expected to be quite competitive in September 2022, with only one new studio listing available. The median rent for studios in September 2022 is estimated to be $1,374, a 23.2% decrease from the median rent of $1,790 in August 2022. This decrease in rent could be due to the limited number of new listings, as well as the current market conditions. Renters should be prepared to act quickly if they want to secure a studio in University Heights, as the competition is likely to be fierce.
The rental market for 1-bedroom apartments in University Heights, New York is showing signs of a slight decrease in rent prices. In May 2023, there was only one new 1-bedroom listing, and the median rent for 1-bedroom apartments decreased by 20.8% from April 2023 to May 2023, from $2,525 to $2,000. This could indicate that the rental market is cooling off, and renters may be able to find more affordable options in the near future.
The rental market for 2-bedroom apartments in University Heights, New York is showing signs of growth. In May 2023, there were 4 new 2-bedroom listings, representing a 12.7% increase in rent from April 2023. The median rent for 2-bedroom apartments in May 2023 was $2,368, which is significantly higher than the median rent of $2,100 in April 2023. This indicates that the rental market for 2-bedroom apartments in University Heights is on the rise.