Rents Up 63% In Bed Stuy Since 2002

An ugly new rental rises in Bed Stuy

An ugly new rental rises in Bed Stuy

Yes, rents are crazy throughout New York City. But they’re even worse in certain neighborhoods — and one of those happens to be Bed Stuy. The NY Daily News reported that Bed Stuy rents have jumped 63 percent since 2002. Talk about depressing: a recent mover who faced a median rent of $921 in 2002 now faces a median rent of $1,500. (I was recently wondering if it was insane that a two-bedroom apartment here costs $2,850. Guess not.) For comparison, rents rose about 32 percent citywide since 2002. In Harlem, there was an insane 90 percent jump.

So where to go if you’re priced out (again)? The Daily News says rents went down in Canarsie by 1 percent, in Bay Ridge by 3 percent and along the South Shore of Staten Island by 5 percent.

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One thought on “Rents Up 63% In Bed Stuy Since 2002

  1. Looks pretty nice to me. Brownstones are not being built anymore so as far as things go, this could be a lot worse. I’m sure the upper floors will enjoy the balcony.

    Like

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