The median rent for a New York City apartment has risen by 3.5 percent since last year, with renters currently coughing up an average of $4,400 โ and for those living near a subway station, rent is likely to cost even more.
RentHop wanted to know what rent looks like at subway stations around NYC, so they analyzed rental listings and other data to find out how rental prices have grown or decreased around the city's subway stops.
Apartments near 402 subway stations (more than 80 percent) saw rental prices increase this year, down slightly from 94 percent in 2023.
The biggest rent hikes occurred in Brooklyn and Queens. Rental prices around South Brooklyn's Ave P stop rose by 17.44 percent, while spikes were seen in Manhattan's uptown 155th St stop and downtown near Bowery, Grand St and East Broadway.
Rent did fall near 56 subways stations (11.7 percent), though, which is more than double the decreases seen last year.
The most dramatic rent decreases occurred near subway stations along the 6 train in the Bronx, where prices dropped by more than six percent.
Via RentHop.