Manhattan

Prices in Manhattan show varying trends across different unit types this year. One-bedroom apartments demonstrated the most consistent upward trajectory, with steady increases throughout the year. Studios remained relatively flat with minimal movement over the period. Two-bedroom units experienced more volatility, showing a mid-year dip before rebounding strongly in recent months. Three-bedroom apartments reached their peak during the middle of the year but have since shown the most significant price adjustment downward among all unit sizes. This mixed pattern of price movements reflects shifting market dynamics, including increased inventory in luxury buildings and changing renter preferences for different unit sizes. The median rent in Manhattan is $5,000, 166% higher than the national median.

Brooklyn

Brooklyn rental prices have shown an overall upward trend throughout the year for studios, one and two-bedroom apartments. One and two-bedroom units demonstrated the strongest consistent growth, while studios showed more modest increases with a slight pullback in recent months. Three-bedroom units displayed a steady downward trend, though given the limited inventory of three-bedroom apartments across Brooklyn, these price movements may not fully reflect the market's broader trends. These price movements reflect Brooklyn's continued appeal as a more affordable alternative to Manhattan, while still commanding premium rents compared to other markets. The median rent in Brooklyn is $4,084, 117% higher than the national median.

Queens

Rental prices showed consistent upward movement throughout the year for studios, one and two-bedroom units in Queens. Studios saw the most dramatic percentage increase among all unit types. One and two-bedroom units demonstrated steady but more moderate growth. However, three-bedroom units showed a different pattern - after increasing in the first half of the year, they experienced a notable decline in the most recent quarter, dropping from $4,318 to $4,181. This divergence in trends between smaller and larger units likely reflects changing renter preferences and affordability concerns, as rising interest rates and economic uncertainty push more renters toward smaller, more affordable options. The median rent in Queens is $3,300, 75% higher than the national median.

Recent Apartment Listings

Below are some recent listing examples.

Manhattan

95 Wall St

• Studio
• Sq Ft: 551
• Rent: $3,798

The Aria

• 1 br/1 ba
• Sq Ft: Not listed
• Rent: $4,000

Mercedes House

• 2 br/1 ba
• Sq Ft: Not listed
• Rent: $5,198

380 Water St

• 3 br/3 ba
• Sq Ft: Not listed
• Rent: $7,783

Brooklyn

The Brooklyner

• Studio
• Sq Ft: 404
• $3,216

The Addison

• 1 bed/1 ba
• Sq Ft: Not Listed
• $4,281

555 Waverly

• 2 bed/ 2 ba
• Sq Ft: Not Listed
• $4,518

Forté at 230 Ashland

• 3 bed/2 ba
• Sq Ft: Not Listed
• $5,400

Queens

QLIC

• Studio
• Sq Ft: Not Listed
• $3,278

Bevel LIC

• 1 bed/1 ba
• Sq Ft: Not Listed
• $3,580

Rise LIC

• 2 bed/1 ba
• Sq Ft: Not Listed
• $4,425

The Silver Star

• 3 bed/2.5 ba
• Sq Ft: Not Listed
• $5,729

(Data sourced from Apartments.com)

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