In what probably comes as no surprise to New Yorkers, Battery Park City's 10282 has topped a list of the most expensive zip code for renters for the third straight year in a row—thanks to a steep year-over-year increase.
The average rent in Battery Park City is $6,211, according to the RentCafé's annual report. This is a 12.4 percent increase from last year, making it the most significant rent growth among the 50 most expensive zip codes for renters in the U.S. Not only did Battery Park City’s zip code take the number one spot in the report, it’s the only zip code to break the $6,000 average rent ceiling.
Manhattan dominates more than half the list with 26 zip codes, Brooklyn and Queens are also represented with one zip code each.
The number two and three spots are taken by Tribeca’s 10013, with an average rent of $5,327; and the Upper West Side’s 10023, with an average rent of $5,053. Surprisingly, this year’s report shows that Tribeca’s average rent is a slight decrease of less than one percent.
The biggest movers: East Harlem's 10029 ZIP code climbed 26 spots compared to last year, while ZIP code 10018 in Hell's Kitchen plunged 18 positions.
For the outer boroughs, Brooklyn takes the 49th spot with Brooklyn Heights’ 11201, which has an average rent of $3,699. Queens made the list this year with Long Island City’s burgeoning 11101 at the 46th spot, with an average rent of $3,723.
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The report looked at rent in apartment buildings with 50 or more rental units in over 130 U.S. markets.