{"id":134,"date":"2017-04-17T12:00:41","date_gmt":"2017-04-17T12:00:41","guid":{"rendered":"https:\/\/www.renthop.com\/content-manager\/?post_type=studies&#038;p=5656"},"modified":"2017-04-17T12:01:18","modified_gmt":"2017-04-17T16:01:18","slug":"new-york-city-subway-median-rent","status":"publish","type":"post","link":"https:\/\/www.renthop.com\/research\/new-york-city-subway-median-rent\/","title":{"rendered":"New York City Rents By Subway Stop 2017"},"content":{"rendered":"<h2>Next Stop &#8211; Lower Rent Prices<\/h2>\n<p>New York\u2019s MTA subway system is an essential part of many New Yorkers&#8217; lives. With as many as <a href=\"http:\/\/web.mta.info\/nyct\/facts\/ridership\/\">5.7 million riders each weekday<\/a>, it truly is the backbone of the city. It should be no surprise then, that it is one of the first things that people consider when looking to rent an\u00a0apartment. Close proximity to the right trains means shorter commutes and more time spent doing what you love. RentHop&#8217;s data scientists love maps and rental data, so <strong>we&#8217;ve mapped out rental prices by subway stop to assist in your apartment hunting endeavors.<\/strong><\/p>\n<p>Major subway hubs like Union Square, Times Square, and Atlantic Ave\/Barclay\u2019s Center give nearby residents flexibility and convenience when traveling or commuting to different places. They also make it easy to get home from anywhere or to have people over. It\u2019s no wonder strategically placed subways stops ranked among the most expensive stops on the RentHop subway rent map.<\/p>\n<h2>One Bedroom Rent Prices For Major NYC Subway Hubs<\/h2>\n<ul>\n<li><strong>Union Square 14<sup>th<\/sup> St<\/strong> (4,5,6,L,N,Q,R,W Trains) \u2013 <strong>$5,265<\/strong> (+9.1% YoY)<\/li>\n<li><strong>Times Square 42<sup>nd<\/sup> St<\/strong> (1,2,3,7,N,Q,R,S,W Trains) \u2013 <strong>$3,468<\/strong> (-3.7% YoY)<\/li>\n<li><strong>West 4th St<\/strong> (A,B,C,D,E,F,M Trains) \u2013 <strong>$3,395<\/strong> (-15.1% YoY)<\/li>\n<li><strong>Herald Square 34<sup>th<\/sup> St<\/strong> (B,D,F,M,N,Q,R,W Trains) \u2013<strong> $3,350<\/strong> (+3.1% YoY)<\/li>\n<li><strong>Fulton St<\/strong> (A,C,J,Z,2,3,4,5 Trains) \u2013 <strong>$3,346<\/strong> (-0.2% YoY)<\/li>\n<li><strong>Atlantic Ave &#8211; Barclay\u2019s Center<\/strong> (2,3,4,5,B,D,N,R,Q) \u2013 \u00a0<strong>$3,040<\/strong> (+13.4% YoY)<\/li>\n<li><strong>Broadway Junction<\/strong> (A,C,J,L,Z) \u2013 <strong>$2,035<\/strong> (+16.3% YoY)<\/li>\n<\/ul>\n<h2>The Interactive Map Below Shows All Rents, Stops, and YoY Price Fluctuations<\/h2>\n<p><button onclick=\"embedPopup()\">Get the code to embed this map!<\/button><\/p>\n<div style=\"position: relative; overflow: hidden; max-width: 850px; width: 100%; margin-left: auto; margin-right: auto;\">\n<div style=\"padding-bottom: 67%; height: 0px; position: relative; width: 100%;\">\n<div style=\"position: absolute; height: 100%; width: 100%;\" align=\"center\"><iframe loading=\"lazy\" src=\"https:\/\/www.renthop.com\/study\/assets\/new-york-city-ny-subway-medians-2017\/nyc-subway-medians-map.html\" width=\"100%\" height=\"100%\" frameborder=\"0\" scrolling=\"no\" allowfullscreen=\"allowfullscreen\"><br \/>\n<\/iframe><\/div>\n<\/div>\n<\/div>\n<p><script>\nfunction embedPopup() {\n    alert('<iframe loading=\"lazy\" src=\"https:\/\/www.renthop.com\/study\/assets\/new-york-city-ny-subway-medians-2017\/nyc-subway-medians-map.html\" width=\"100%\" height=\"555px\" frameborder=\"0\" scrolling=\"no\" allowfullscreen=\"allowfullscreen\"><\/iframe>');\n}\n<\/script><br \/>\nIn order to calculate the median rent for the map above, we used our RentHop rental data for one bedroom apartments from the first quarter of 2016 &amp; 2017 and GIS\u00a0data for subway stops compiled by <a href=\"https:\/\/www.baruch.cuny.edu\/confluence\/display\/geoportal\/NYC+Mass+Transit+Spatial+Layers\">CUNY &#8211; Baruch College<\/a>. To get accurate prices near the subway stops, we looked first at <strong>non-duplicated listings within one eighth of a mile (660 feet) of a subway stop<\/strong> and if there were <strong>at least 50 unique data points<\/strong> we calculated the median. If not, the radius from the subway stop was increased\u00a0and the data was resampled to ensure enough <i>unique<\/i> listings were used when calculating the median. Also check out the still\u00a0map at the bottom for a quick snapshot of the data and easy sharing.<\/p>\n<h2><strong>Where Does the Train of Rising Rents Stop?<\/strong><\/h2>\n<p>This year, we\u2019ve seen rents dropping\u00a0across most of Manhattan Island while prices in the outer boroughs and Upper Manhattan rise due to what appears to be a migration in search of bigger apartments and\/or cheaper rents. This spells good deals and eager\u00a0landlords in some surprising places. Below, we&#8217;ve compiled a list of the stops with the largest price pops and drops since Quarter 1 2016.<\/p>\n<h3><strong>These subway stops saw the biggest rent drops on one bedroom apartments<\/strong><\/h3>\n<ul>\n<li><strong>4\/5\/6 N\/R\/W Trains \u2013 <\/strong>59<sup>th<\/sup> Street \/ Lexington Ave <strong>\u2013 (-15.5%)<\/strong> $3,250<\/li>\n<li><strong>A\/B\/C\/D\/E\/F\/F Trains \u2013\u00a0<\/strong>W4 St <strong>\u2013 (-15.1%)<\/strong> $3,395<\/li>\n<li><strong>1\/2\/3 Trains<\/strong> \u2013 Chambers St <strong>\u2013 (-13%)<\/strong> $3,850<\/li>\n<li><strong>(TIE) 6 Train \u2013 <\/strong>Astor Place <strong>\u2013 (-12.8%)<\/strong> $3,224<\/li>\n<li><strong>(TIE) 6 Train \u2013 <\/strong>28<sup>th<\/sup> St <strong>\u2013 (-12.8%)<\/strong> $4,185<\/li>\n<li><strong>1 Train \u2013\u00a0<\/strong>Christopher St \/ Sheridan Sq <strong>\u2013\u00a0(-12%)<\/strong> $3,650<\/li>\n<\/ul>\n<h3><strong>These subway stops saw huge rent jumps<\/strong><\/h3>\n<ul>\n<li><strong>Q Train \u2013 <\/strong>Parkside Ave <strong>\u2013 (+25.8%)<\/strong> $2,353<\/li>\n<li><strong>J Train \u2013 <\/strong>Halsey St <strong>\u2013 (+24.7%)<\/strong> $2,245<\/li>\n<li><strong>C Train \u2013 <\/strong>Ralph Ave <strong>\u2013\u00a0(+22%)<\/strong> $2,269<\/li>\n<li><strong>J\/Z Trains \u2013 <\/strong>Chauncey St <strong>\u2013\u00a0(+19.5%)<\/strong> $2,298<\/li>\n<li><strong>L Train \u2013 <\/strong>Atlantic Ave <strong>\u2013 (+18.9%)<\/strong> $2,320<\/li>\n<\/ul>\n<h2>Time or Money?<\/h2>\n<p>Would you travel a few extra stops to save a couple hundred dollars? <i>How about for $800?<\/i> We scanned the map for the best single stop rent savings and found some really surprising results.<\/p>\n<p>The list below represents the largest price disparities between a single stop. This could be because they are on the edge of a business development district, rents dropped at one stop, prices soared at the other, both, or all of the above. It\u2019s also possible that the typical one bedroom apartment near one stop is very different from an apartment a stop away.<\/p>\n<h3><strong>Turn your commute into extra cash at these stops<\/strong><\/h3>\n<ul>\n<li><strong>Save $1,082<\/strong> between 68<sup>th<\/sup> St ($3,595) and <strong>77<sup>th<\/sup> St<\/strong> ($2,512) \u2013 6 Train<\/li>\n<li><strong>Save $823<\/strong> between 116<sup>th<\/sup> St ($2,948) and <strong>125<sup>th<\/sup> St<\/strong> ($2,125) \u2013 1 Train<\/li>\n<li><strong>Save $702<\/strong> between 96<sup>th<\/sup> St ($3,100) and <strong>103<sup>rd<\/sup> St<\/strong> ($2,398) \u2013 BC Trains<\/li>\n<li><strong>Save $702<\/strong> between Nassau Ave ($3,102) and <strong>Greenpoint Ave<\/strong> ($2,400) \u2013 G Train<\/li>\n<li><strong>Save $625<\/strong> between Astoria Blvd ($2,500) and <strong>Astoria Ditmars Blvd<\/strong> ($1,875) \u2013 NW Trains<\/li>\n<\/ul>\n<h2>There&#8217;s Also a Condensed Map for Easy Sharing<\/h2>\n<figure id=\"attachment_5657\" aria-describedby=\"caption-attachment-5657\" style=\"width: 800px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/www.renthop.com\/content-manager\/wp-content\/uploads\/2017\/04\/nyc_subway_median_map_square.jpg\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-5657\" title=\"Click For High Resolution\" src=\"https:\/\/www.renthop.com\/content-manager\/wp-content\/uploads\/2017\/04\/nyc_subway_median_map_square-1024x1024.jpg\" alt=\"\" width=\"800\" height=\"800\" \/><\/a><figcaption id=\"caption-attachment-5657\" class=\"wp-caption-text\">Click For High Resolution<\/figcaption><\/figure>\n<p>&nbsp;<\/p>\n<h2>What Does This Mean For You?<\/h2>\n<p>Finding an apartment in New York City is hard. Deciding\u00a0where to live and starting your search is probably the most difficult step. By giving you as much information about the market as possible, RentHop hopes to point you in the right direction. This map is just one of the data-backed insights we offer. All of our <a href=\"https:\/\/www.renthop.com\/nyc\/apartments-for-rent\" target=\"_blank\" rel=\"noopener noreferrer\">New York City apartment<\/a> listings are ranked using available data to ensure that renters always see the best quality apartments.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Next Stop &#8211; Lower Rent Prices New York\u2019s MTA subway system is an essential part of many New Yorkers&#8217; lives. With as many as 5.7 million riders each weekday, it truly is the backbone of the city. It should be no surprise then, that it is one of the first things that people consider when [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":135,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"yes","_lmt_disable":"","footnotes":""},"categories":[4],"tags":[],"class_list":{"0":"post-134","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-market-insights"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.4 (Yoast SEO v24.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>New York City Rents By Subway Stop 2017 - Real Estate Data &amp; Research<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.renthop.com\/research\/new-york-city-subway-median-rent\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"New York City Rents By Subway Stop 2017\" \/>\n<meta property=\"og:description\" content=\"Next Stop &#8211; Lower Rent Prices New York\u2019s MTA subway system is an essential part of many New Yorkers&#8217; lives. With as many as 5.7 million riders each weekday, it truly is the backbone of the city. 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