As we enter 2025, rental markets across New York’s metropolitan areas, including the Bronx, Yonkers, and Westchester County, show a mix of rising rents and some signs of stabilization. Whether you’re searching for affordable city living or suburban housing options, understanding current rental trends is crucial for making the right decision.
Bronx Rental Market
The Bronx continues to offer relatively more affordable rental options compared to other parts of New York City, although rental prices have risen steadily over the past year.
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Current Average Rent: $1,620 per month (4% higher than the national average).
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Breakdown by Apartment Size:
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Studio: $1,607
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One-bedroom: $1,620
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Two-bedroom: $2,072
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Three-bedroom: $2,371
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These rising costs highlight the increasing demand for housing in this borough, driven by its proximity to Manhattan and a growing influx of young professionals.
Yonkers Rental Market
As a key city within Westchester County, Yonkers remains an attractive option for renters seeking a balance between city access and suburban amenities.
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Current Average Rent: $2,139 per month (38% above the national average).
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Breakdown by Apartment Size:
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Studio: $1,839
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One-bedroom: $2,139
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Two-bedroom: $2,709
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Three-bedroom: $2,649
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Interestingly, while rents in many areas continue to climb, Yonkers has seen a slight 0.1% decline in rents over the past year, suggesting a stabilizing market.
Westchester County Rental Market
Westchester County, encompassing cities like Yonkers, New Rochelle, and Bronxville, offers a range of rental opportunities. Recent market trends reflect significant growth in rental prices across various types of housing.
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Median Rent in Bronxville: $5,976 per month, up $576 from December 2024.
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Overall Rent Increases in Westchester:
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Studio: Up 8.79% to $2,000
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One-bedroom: Up 13.73% to $2,502
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Two-bedroom: Up 16.70% to $3,500
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Three-bedroom: Up 18.13% to $4,500
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Four-bedroom: Up 11.80% to $7,500
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With its proximity to New York City, scenic surroundings, and family-friendly environment, Westchester remains a sought-after region, despite rising rental costs.
Whether you’re considering an apartment in the Bronx, a more suburban setting in Yonkers, or a broader range of options across Westchester County, understanding these distinct markets is key. Staying informed about trends and consulting with local experts can help you secure the best possible deal in this competitive rental landscape.