Apartment rentals New York with Luxury Apartments

Harlem may be deemed as one of New York City’s up-and-coming neighborhoods, but with its unsurmountable musical history, cultural and culinary hipness, and great location near notable destinations such as The Apollo Theater, Columbia University, and Central Park, the Northern Manhattan neighborhood is, to the well-trained eye, already as prominent as its borough brethren.

Though the overall number of apartments rented in the colder months of the year typically decreases, our attention to the market remains diligently focused. We took a look at the latest data released, and here’s what we saw.

For the second straight month, the median rental price of a Manhattan apartment declined from the same month last year, according to the October rental report by Elliman. The median rent in Manhattan for October was $3,150, a 1.6 percent drop from October 2012’s $3,200. Prior to September, Manhattan had seen 26 consecutive months of increased rents when compared to the same month from the previous year.