{"id":737,"date":"2022-05-02T09:09:05","date_gmt":"2022-05-02T09:09:05","guid":{"rendered":"https:\/\/www.renthop.com\/content-manager\/?post_type=studies&p=15501"},"modified":"2022-05-02T09:10:48","modified_gmt":"2022-05-02T13:10:48","slug":"nyc-mta-subway-rent-map","status":"publish","type":"post","link":"https:\/\/www.renthop.com\/research\/nyc-mta-subway-rent-map\/","title":{"rendered":"1BR Rents Skyrocketed At Major MTA Stops"},"content":{"rendered":"
When the pandemic first hit New York City, residents fled in droves, leaving countless apartments empty and flooding the rental market with sublets and lease breaks<\/a>.<\/p>\n Today, it\u2019s a completely different scenario. Two years into the pandemic, many have returned to the city they love the most, for work, for social life, and for many other reasons that make New York New York. Rental prices have recovered well beyond the pre-pandemic levels, and affordable rental inventory for many is hard to come by.<\/p>\n The MTA system saw a similar shift. Over 90% of NYC\u2019s subway riders disappeared<\/a> during the pandemic. Now, the crowded cars and platforms show a stark difference. Subway ridership hit the highest single-day total on March 15<\/a> since the pandemic, and while the ridership is still not back to the pre-pandemic days, it\u2019s fair to say that many people in NYC still rely heavily on the MTA system.<\/p>\n Proximity to the right trains means shorter commutes and more time spent doing what you love. But more importantly, choosing the right stop could potentially save you hundreds of dollars. How much can you save in 2022 by living one stop farther away from the city center? Let\u2019s find out.<\/p>\n Our key findings this year include:<\/strong><\/p>\n Looking at the map, we can see that stops experiencing more drastic year-over-year fluctuations are in neighborhoods saturated with high-rise luxury rental buildings. This is mostly due to landlords reducing the unprecedented concessions they were offering during the pandemic. In Midtown East, renters could get up to 3 months free at 150 E 44th Street on a 15-month lease. Now, not only has the gross rent increased, but the rent incentives are no longer as attractive. In Downtown Manhattan<\/a>, buildings like 88 Leonard Street<\/a> were offering up to 4 months free last year, and that kind of sweet deal no longer exists in the city.<\/p>\nPost-pandemic changes to the MTA<\/h3>\n
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The Interactive Map Below Shows All Rents, Stops, and YoY Price Fluctuations<\/h2>\n