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Jackson Heights Rents Rising Faster Than Other Queens Neighborhoods: Report

By Katie Honan | May 14, 2015 7:54am
 Two bedroom apartments saw the largest increase in the borough in April, the report said.
Two bedroom apartments saw the largest increase in the borough in April, the report said.
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DNAinfo/Katie Honan

JACKSON HEIGHTS — Neighborhood rents shot up by double-digits for some apartments in April despite an overall decrease in rental prices across Queens, according to a report.

Two-bedroom apartments in the neighborhood saw the biggest spike in the borough, jumping 17.4 percent between March and April, a report by MNS Real Estate found. 

Rents in Jackson Heights overall were up nearly 8 percent, fueled by a "relatively small inventory" compared to other neighborhoods, the report said. 

The average two-bedroom rented for $2,560, up from $2,548. Studios and one-bedroom apartments, though, saw a minor decrease in rental costs in April, according to the report.  

Neighborhood rents were still less than in other neighborhoods profiled by the real estate company, including Long Island City — where the average two-bedroom apartment rented for $3,791. 

Two-bedroom apartments in Ridgewood were the cheapest of the neighborhoods covered, renting for an average of $1,862, according to the report.