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This was the most expensive NYC neighborhood for rentals in 2024
By
Hannah Frishberg
Published Dec 28, 2024
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By
Hannah Frishberg
Published Dec 28, 2024
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What’s the most expensive neighborhood for rentals in New York City?
That would be Tribeca, which has a median asking rent of $8,295, according to listing service StreetEasy, which has released a year end analysis of 2024’s residential real estate trends.
In second place is SoHo ($6,100), and the Flatiron District came in third ($5,900).
The analysis was based on the company's data, which included search behavior and the listings information for January through November 2024.
The report also detailed what New Yorkers want most in their new place: in-unit laundry, which is common elsewhere but a privilege in the Big Apple.
Dishwashers were the second-most desired amenities, while pet-friendly apartments were third, according to the company’s search data.
The analysis also shows an uptick for certain neighborhoods outside of Manhattan, such as Williamsburg and Park Slope.
“These two neighborhoods also saw some of the greatest inventory growth in the city this year, which makes them even more attractive amid the city’s low vacancy rate,” said StreetEasy spokesperson Amanda Shur, in an email.
According to broker Mike Fabbri of The Agency, a real estate brokerage, more buyers are set to re-enter the market in 2025.
“ I think we're gonna hit a new normal with rates, where people are just more confident to re-enter, so we'll have more buyers and also more sellers entering the market, knowing that demand has picked up,” he said.
“I feel like ‘25 will be a really strong year,” he added.
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new york city
housing
Hannah Frishberg
Hannah Frishberg covers New York City arts and culture. Got a tip? Email Hannah at [email protected].
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Gothamist is funded by sponsors and member donations
Gothamist is funded by sponsors and member donations
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