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 $100 more than
you would for a similarly-sized rent-stabilized apartment
in the same borough.
Market-Rate/Unregulated
Apartments Median
Monthly Rent
|
Studio |
1
Bed. |
2
Bed. |
3
Bed. |
All
Apts. |
| Bronx |
$500 |
$706 |
$1000 |
$1300 |
$1000 |
| Brooklyn |
$725 |
$900 |
$1100 |
$1300 |
$1000 |
| Queens |
$800 |
$950 |
$1200 |
$1400 |
$1100 |
| Staten
Island |
$700 |
$800 |
$1100 |
$1375 |
$900 |
| Manhattan |
$1600 |
$2200 |
$2400 |
$2600 |
$2200 |
Stabilized
Apartments Median
Monthly Rent
|
Studio |
1
Bed. |
2
Bed. |
3
Bed. |
All
Apts. |
| Bronx |
$720 |
$800 |
$940 |
$1300 |
$845 |
| Brooklyn |
$715 |
$800 |
$1000 |
$1038 |
$910 |
| Queens |
$800 |
$980 |
$1150 |
$1500 |
$1000 |
| Staten
Island |
$753 |
$920 |
$1025 |
◊ |
$891 |
| Manhattan |
$1243 |
$1400 |
$1396 |
$1124 |
$1300 |
Notes
* Recent movers are those who moved into their apartments
between 2003 and 2005 and the rents above reflect those
paid as of Spring 2005, 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:
2005 NYC Housing and Vacancy Survey
