A recent look at prices for one-bedroom rentals this winter found that a southwest Queens neighborhood saw a boost in price.
Zumper, a company which claims that it seeks to redesign the rental market for the 21st century, recently released their New York City Neighborhood Rent Prices Map for Winter 2019. The report found that New York City as a whole remained the second most expensive city in the country, with median one-bedroom rent prices at $2,750.
Maspeth had one of the fastest-growing rent prices last quarter, in comparison to neighborhoods in Brooklyn, the Bronx, Manhattan and a select number of Queens neighborhoods. According to Zumper, Maspeth’s median one-bedroom rental prices went up to $1,650, marking a 10 percent increase overall.
However, while the Zumper report indicated that Maspeth is one of the more affordable options in Queens, a few neighborhoods in the “World’s Borough” had lower median rental prices.
According to additional information provided to QNS by Zumper, Springfield Gardens and Cambria Heights were the most affordable neighborhoods, pricing out at $1,100 and $1,300, respectively. Other neighborhoods that fell within the same price range as Maspeth included Rego Park and Richmond Hill ($1,650), Middle Village ($1,675), Elmhurst ($1,690) and Rockaway Park ($1,600).
Among the more expensive neighborhoods for one-bedroom rentals, according to Zumper, were Long Island City ($2,990), Astoria ($2,075), Sunnyside ($1,950), East Elmhurst ($1,950) and Ridgewood ($1,900).
To read the full report, visit zumper.com.