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The New York Observer

Harlem Remains Best Rental Bargain in Manhattan

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April 23, 2008 | 4:35 p.m

Rents went up all across Manhattan in April, according to the latest rental-market report from The Real Estate Group -- except for Harlem, where rates for studios and two-bedroom apartments both dropped.

Harlem remains the only Manhattan nabe where a one-bedroom unit costs less than $2,000 per month on average, according to the report, and about the only place where a two-bedroom runs less than $3,000.

Otherwise, the island offers few bargains: Borough-wide, average studio rents ranged from $2,037 for a non-doorman building to $2,567 in a doorman building; one-bedrooms averaged $2,800 and $3,629 in each category and two-bedrooms for $3,3913 and $5,333

Click here for more on the report.

 

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