The Most Expensive Neighborhoods in New York City
It’s no secret that New York City is one of America’s most expensive places to live, no matter which neighborhood you choose to hang your hat. Even areas that were once considered to be affordable–like Brooklyn’s Williamsburg and Greenpoint, and parts of Queens like Long Island City and Astoria–rents are through the roof compared to most of the country. However, the city’s most expensive neighborhoods still make these outer-bourough hot spots look like bargains, because when it comes to renting an apartment in a space-starved place like New York City, there’s no such thing as a price too high to rent a prime piece of real estate in one of the city’s most coveted neighborhoods. So where will you find New York’s craziest rental prices? Check out the list, below.
Image via airbnb.com
1. Chelsea.
According to a report by CityLab, Chelsea has the highest median rental price in New York, and the 20th most-expensive in the U.S. (behind spots in San Francisco, Los Angeles, Miami and Connecticut), with the average rental running $5649 per month.2. West Village. When it comes to price per square foot, the West Village tops not only the list for New York prices, but prices nationwide, too. The average cost to rent a 1,000 square foot apartment is more than $6,000 per month, according to the report by CityLab.
3. TriBeCa. A report released in the summer of 2015 by real estate website Zumper.com cited TiBeCa rents as the highest in the city, averaging $4,450 for a 1-bedroom apartment.
4. Flatiron District. The CityLab report ranked this area just south of midtown right behind the West Village when it came to price per square foot: For 1,000 square feet in this neighborhood, you can expect to pay upwards of $5,700.
5. Greenwich Village. Rounding out the downtown sticker shock is Greenwich Village. Zumper.com found that the median rent for a 1 bedroom apartment in the area is $3850.
Love living in New York City but can’t afford these hefty price tags? Next week, we’ll recap some of the neighborhoods where you can still find a deal on a place to call home.
