Real Estate
Here's How Rent In Wash Heights, Inwood Compares To Rest Of NYC
A new report broke down the median one-bedroom rent price in 81 NYC neighborhoods, including in Washington Heights and Inwood.
UPPER MANHATTAN, NY — A new report revealed what that the median one-bedroom rent in Washington Heights and Inwood has been in recent months.
The real estate publication Zumper published its "National Rent Report" on Wednesday, which broke down the median rent of over 80 neighborhoods in the five boroughs between April 1 and June of this year.
Overall, New York City had the priciest median one-bedroom home in the country in July at $3,980. The number was even higher in Manhattan, where it ballooned up to $4,200.
Find out what's happening in Washington Heights-Inwoodfor free with the latest updates from Patch.
Here are the one-bedroom prices during the second quarter of 2023 for Washington Heights and Inwood.
- Washington Heights: $2,287
- Inwood: $2,060
A one-bedroom home in Washington Heights was $227 more a month than that in Inwood.
Find out what's happening in Washington Heights-Inwoodfor free with the latest updates from Patch.
Overall, Inwood was the most affordable neighborhood in Manhattan, and had the 63rd cheapest one-bedroom price of the 81 examined in the study.
Washington Heights was the second most affordable neighborhood in Manhattan, and ranked as the 53rd cheapest of the 81 nabes examined, according to the study.
For comparison, here are the top 10 priciest one-bedroom areas for the second quarter of 2023.
- NoMad: $6,033 a month
- Flatiron District: $5,933 a month
- Chelsea: $5,377 a month
- Stuyvesant Town: $5,190 a month
- Greenwich Village: $5,080 a month
- DUMBO: $4,837 a month
- Gramercy Park: $4,787 a month
- Garment District: $4,707 a month
- SoHo: $4,703 a month
- NoHo: $4,633 a month
The most-affordable median one-bedroom in New York City during the period was in Bensonhurst at $1,600, according to the study.
New York City's median one-bedroom rent of $3,980 is more than twice the national median, but half of city's neighborhoods have one-bedroom medians of under $2,800 — which is the current median for a one-bedroom in Boston and Miami.
You can read the complete Zumper study — HERE.
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