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So what is the current state of the New York rental market? Manhattan rental statistics provide for an excellent
gauge of the entire metro area:
Rent prices have remained largely unchanged since the beginning of the summer rental season. The most
expensive neighborhood in Manhattan was SoHo/Tribeca and the most affordable neighborhood was
Washington Heights.
The vacancy rate for Manhattan was approximately 1.25% with the West Village having the least amount of
available apartments and the Upper East Side having the most availabilities.
Brooklyn, Queens, Bronx, Staten Island & Long Island apartment rentals have remained relatively stable as well.
Even through rough economic times, New York City and it's surrounding areas continue to remain resilient!
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