Dropping rents in cities across the country may have left some New Yorkers scratching their heads. Although one-bedroom rents dropped 9.1 percent overall in the city over the course of 2016, they increased substantially in many neighborhoods, according to data gathered by Zumper.com.
Especially in the South Bronx, where one-bedroom rents rose most in 2016
In the 15 New York City neighborhoods where rents rose the most, the South Bronx dominates. The once-blighted area has seen a recent surge in development. The New York Times recently named it a recommended place to visit.
One-bedroom rents in the Hunts Point neighborhood rose almost 15 percent, the greatest increase in New York City last year. And while median rents in the South Bronx are still lower than elsewhere, data suggests gentrification is taking hold.
