No surprise here, but it’s a lot more expensive to rent an apartment on the Bedford L train stop than it is at Broadway Junction. That said, the difference is pretty striking. Brick Underground mapped out an overview of median rent prices along this still-rapidly gentrifying subway line:
As with last year, we asked Streeteasy to look at median rents and price-per-square-foot at every Brooklyn stop on the L train between Bedford Ave and Broadway Junction. We also asked them to give us the percentage difference between this year’s numbers and and median rents for the same time period last year. Since so many of the train’s stops are so close together, they stuck to listings within a five-block radius of each station that were active on the site as of May 1st. This also has the effect of eliminating the uber-expensive waterfront rentals, as well as bargain basement apartments that are a hike from the train. (One quick note: there were fewer than 10 available rentals near Halsey and Broadway Junction, which means that the median prices were pulled from a smaller—and very possibly less representative—sample size.)
Unsurprisingly, rental prices have almost uniformly crept up over the past year (or in a couple of cases, dramatically leapt up). “While it is generally true that the further east you go into Brooklyn, the cheaper the rents, prices have increased in nearly all of the stops along the L train,” StreetEasy data scientist Alan Lightfeldt tells us. “As far out as the Myrtle stop, the median asking rent increased by nearly 10 percent from last year.” And over at the Jefferson stop, prices spiked by nearly 20 percent
Bedford rents have stayed about the same since 2014 — with a median rent of about $3,450/month. Ouch. Meanwhile, Jefferson has seen the largest jump, with rents up 19% from 2014 and a median rent of $2,850/month.
Last year, we were surprised that prices around the Jefferson stop weren’t higher, and lo and behold, they jumped up nearly 20 percent over the past year. (Be careful what you puzzle over.) We’d argue the area has surpassed the neighborhood around the Morgan stop in the realm of restaurant options—unless you love nothing more than a two-and-a-half hour wait for pizza, that is—with a new neighborhood joint opening seemingly every other week. (Just in the past month, Faro and HiHello opened their doors in the area.) Yes, you might be paying more than you’d like to live here, but on the flip side, you’ll likely never want to leave.
Check out the rest over at Brick.