What is the Price Difference between Rent-Stabilized and Market-Rate Apartments?

Recent movers* pay more for market-rate (unregulated) apartments than for those that are rent stabilized. If you were moving into a one-bedroom market-rate apartment in Brooklyn, for example, you would pay approximately $50 more than you would for a similarly-sized rent-stabilized apartment in the same borough.

	Studio	1 Bed.	2 Bed.	3 Bed.	All Apts.
Bronx	$600	$900	$1,200	$1,397	$1,100
Brooklyn	$800	$1,000	$1,238	$1,400	$1,200
Queens	$950	$1,100	$1,300	$1,500	$1,250
Staten Island	$750	$800	$1,200	$1,400	$900
Manhattan	$2,100	$2,550	$2,700	$3,300	$2,500

	Studio	1 Bed.	2 Bed.	3 Bed.	All Apts.
Bronx	$700	$850	$1,000	$1,200	$900
Brooklyn	$860	$950	$1,100	$1,205	$995
Queens	$929	$1,100	$1,200	$1,600	$1,100
Staten Island	◊	$820	$1,002	◊	$1,000
Manhattan	$1,450	$1,375	$1,450	$1,800	$1,430

Notes
* Recent movers are those who moved into their apartments between 2006 and 2008 and the rents above reflect those paid as of Spring 2008, the most recent date for which median rents are available.

° All apartments includes not just market-rate/unregulated and stabilized apartments, but also other types of rental housing, such as Mitchell-Lama and Public Housing.

◊ Insufficient number of apartments in this category.

Source: 2008 NYC Housing and Vacancy Survey