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Top U.S. Neighborhoods that Got the Most Apartments After the Recession

Rent Cafe Apartments for Rent in Upper West Side Manhattan NY

The real estate market has been through a lot since the recession. After “the big housing crash” home buying humbly stepped aside, allowing renting to come out of the shadows, stripped of its old “low-income” stigma, all glamorous and hip, making its way into the nicest, most sought after American neighborhoods.

That’s how the great apartment boom happened. Since 2010, new apartment buildings have been popping up faster than you can say “concierge”, revitalizing forgotten downtowns and turning run-down neighborhoods into trendy new hotspots. We analyzed construction data from Yardi Matrix and Property Shark, in about 1,000 neighborhoods from coast to coast, to see which neighborhoods grew the most from a rental perspective. We took into account large-scale rental buildings of 50 or more units located in the largest 30 cities in the U.S.

Here are the top 10 U.S. neighborhoods for new apartments built (2010-2016):

RankNeighborhoodCity/BoroughStateNew Apartments
1Long Island CityQueens, NYNY12,533
2Downtown L.A.Los AngelesCA7,551
3North San JoseSan JoseCA6,814
4Clinton - Hell's KitchenManhattan, NYNY6,058
5UptownDallasTX5,839
6WilliamsburgBrooklyn, NYNY5,269
7Oak LawnDallasTX4,892
8Downtown BrooklynBrooklyn, NYNY3,851
9Washington Ave - Memorial ParkHoustonTX3,569
10Upper West SideManhattan, NYNY3,536

Table by RENTCafé

1. Long Island City, Queens, NY

  • New apartments: 12,533
  • New apartment buildings: 41
  • Neighborhood type: Gentrified
  • Percentage of new apts from total apts in the nhood: 36%

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More than a decade ago, Long Island City was tagged to become a hot nabe. It had the 3 things that any neighborhood deemed for greatness needs: location, location, and location. In a matter of just a few years, the neighborhood has gone from dated industrial vibe to gleaming new glass towers, to take the number 1 spot for building by far more apartments than any other neighborhood in the country has done in recent (post-recession) history. A massive total of 12,533 new apartments in 41 buildings were built between 2010 and 2016 in this Queens neighborhood.

2. Downtown Los Angeles

  • New apartments: 7,551
  • New apartment buildings: 35
  • Neighborhood type: Urban core
  • Percentage of new apts from total apts in the nhood: 63%

Downtown Los Angeles
To say that Downtown LA has been reborn is an understatement. What used to be a vibrant downtown at the turn of the 20th century became a declining neighborhood with rundown, dilapidated buildings by the turn of the 21st century. But thanks to local effort to revive DTLA, record numbers of new buildings have gone up in the past decade, bringing people back to what is now a lively, thriving residential and commercial area worthy of its “downtown” designation. As many as 35 new large-scale rental properties were built between 2010-2016, making up 63% of all the apartments located in Downtown L.A.

3. North San Jose

  • New apartments: 6,814
  • New apartment buildings: 11
  • Neighborhood type: Tech hub
  • Percentage of new apts from total apts in the nhood: 74%

Rent Cafe North San Jose CA Apartments for Rent
North San Jose takes the #3 spot on this list. Located in the third most populous city in California, the neighborhood is already an enclave for tech professionals, making tremendous strides in industrial, commercial and residential development. With new tech companies constantly opening offices in the area, including Apple’s 86-acre R&D campus, demand for rental housing has skyrocketed in North San Jose, prompting a boom in new apartments, especially from 2014 onward. About three-quarters of all rentals in the neighborhood are newer than 2010. (Photo Credit: Google Maps)

4. Clinton – Hell’s Kitchen, Manhattan, NY

  • New apartments: 6,058
  • New apartment buildings: 15
  • Neighborhood type: Gentrified
  • Percentage of new apts from total apts in the nhood: 22%

Rent Cafe Hell's Kitchen NY apartments for rent
Hell’s Kitchen is hot, and not that the devil’s cooking here, rather it’s one of the hottest up and coming neighborhoods in Midtown Manhattan. At least that’s what developers were betting on when they decided to build over 6,000 new apartments on less than one square mile of space.

5. Uptown, Dallas

  • New apartments: 5,839
  • New apartment buildings: 22
  • Neighborhood type: Live-work-play community
  • Percentage of new apts from total apts in the nhood: 67%

Rent Cafe Uptown Dallas Apartments for Rent
Dallas is one of the fastest growing rental markets, so it’s no surprise that it ranks in the top 10 with 2 neighborhoods: Uptown and Oak Lawn. Located North of Downtown Dallas, the trendy enclave of single white-collar young professionals that is known as Uptown is becoming more vertical and denser year after year, with 22 new large-scale apartment developments opening in just 7 years, including some pretty impressive high-rises. What’s even more impressive is that the new apartments represent two-thirds of the total apartments in Uptown.

6. Williamsburg, Brooklyn, NY

  • New apartments: 5,269
  • New apartment buildings: 29
  • Neighborhood type: Gentrified
  • Percentage of new apts from total apts in the nhood: 25%

Rent Cafe Williamsburg Brooklyn NY apartments for rent
The king of Brooklyn gentrification, Williamsburg has become virtually unrecognizable from what it used to look like in the 1980s. It has grown exponentially both on the commercial and residential front. The metamorphosis brought along unprecedented demand and rapidly rising housing prices, exacerbating the need for more high-density apartment developments. Between 2010 and 2016, 29 new large-scale apartment buildings opened in this Brooklyn neighborhood, which, along with the opening of a Whole Foods store and an Apple store, undoubtedly took Williamsburg into a new era. And the neighborhood’s irreversible transformation continues with another colossal project under construction along the riverfront known as the Domino redevelopment.

7. Oak Lawn, Dallas

  • New apartments: 4,892
  • New apartment buildings: 17
  • Neighborhood type: LGBT community
  • Percentage of new apts from total apts in the nhood: 56%

Rent Cafe Dallas Oak Lawn Apartments for Rent
Back in the day, Oak Lawn used to be an inexpensive Dallas suburb, but nowadays it’s better known as one of the most affluent neighborhoods in the Metroplex, outdoing many other wealthy neighborhoods throughout the country in high-end rentals. Moreover, the apartment market saw a huge boom after the recession, with more than half of Oak Lawn’s rental units having been built during this period. (Photo Credit: Google Maps)

8. Downtown Brooklyn, NY

  • New apartments: 3,851
  • New apartment buildings: 13
  • Neighborhood type: Business district
  • Percentage of new apts from total apts in the nhood: 31%

Rent Cafe Downtown Brooklyn NY apartments for rent
Downtown Brooklyn is the second largest business district in NYC after Manhattan. Since its rezoning in 2004, the neighborhood has been transforming on all fronts, thanks in part to private investments worth billions of dollars. Since 2010, 13 modern apartment developments have popped up in Downtown Brooklyn, competing with historical office buildings for the most amazing views of the Lower Manhattan skyline.

9. Washington Avenue – Memorial Park, Houston

  • New apartments: 3,569
  • New apartment buildings: 12
  • Neighborhood Type: Eclectic entertainment district
  • Percentage of new apts from total apts in the nhood: 55%

Rent Cafe Houston Memorial Park Apartments for Rent

The area along Washington Avenue in Houston has been the fastest changing strip of land in the entire city. The convenient location of the Washington Ave – Memorial Park neighborhood, which encompasses the urban Memorial Park, makes it very attractive for young professionals working downtown. Previously a predominantly commercial area, residential development has really taken off in recent years, adding over 3,500 new apartments since 2010, which is more than half of the total existing apartments in the neighborhood.

10. Upper West Side, Manhattan, NY

  • New apartments: 3,536
  • New apartment buildings: 11
  • Neighborhood type: Residential
  • Percentage of new apts from total apts in the nhood: 11%

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Nestled between Riverside and Central Park, the UWS is one of the most upscale residential neighborhoods in the country. Boasting historic brownstone residences and lots of green space, the neighborhood has added a fresh dose of new rental apartments since the recession.

11. Chelsea, Manhattan, NY

  • New apartments: 3,504
  • New apartment buildings: 13
  • Neighborhood type: Art District
  • Percentage of new apts from total apts in the nhood: 72%

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12. Broadway, Seattle

  • New apartments: 3,496
  • New apartment buildings: 29
  • Neighborhood type: Residential and entertainment district
  • Percentage of new apts from total apts in the nhood: 67%

Rent Cafe Broadway Seattle Apartments for Rent

13. Greenway – Upper Kirby, Houston

  • New apartments: 3,147
  • New apartment buildings: 10
  • Neighborhood type: Commercial district
  • Percentage of new apts from total apts in the nhood: 45%

Rent Cafe Greenway Upper Kirby Houston TX apartments for rent
(Photo Credit: Google Maps)

14. Memorial, Houston

  • New apartments: 3,029
  • New apartment buildings: 10
  • Neighborhood type: Mixed-use
  • Percentage of new apts from total apts in the nhood: 59%

Rent Cafe Memorial Houston Apartments For Rent

15. Greater Uptown, Houston

  • New apartments: 3,008
  • New apartment buildings: 10
  • Neighborhood type: Business district
  • Percentage of new apts from total apts in the nhood: 30%

Rent Cafe Houston Greater Uptown Apartments for Rent
(Photo Credit: Google Maps)

16. South Lake Union, Seattle

  • New apartments: 2,838
  • New apartment buildings: 15
  • Neighborhood type: Live-work-play community
  • Percentage of new apts from total apts in the nhood: 68%

Rent Cafe South Lake Union Seattle Apartments for Rent

17. The Loop, Chicago

  • New apartments: 2,830
  • New apartment buildings: 8
  • Neighborhood type: Business district
  • Percentage of new apts from total apts in the nhood: 76%

Rent Cafe The Loop Chicago Apartments for Rent

18. Northwest, San Antonio

  • New apartments: 2,785
  • New apartment buildings: 12
  • Neighborhood type: Mixed-use
  • Percentage of new apts from total apts in the nhood: 49%

Rent Cafe San Antonio Northwest Apartments for Rent
(Photo Credit: Google Maps)

19. North Burnet, Austin

  • New apartments: 2,739
  • New apartment buildings: 6
  • Neighborhood type: Commercial district
  • Percentage of new apts from total apts in the nhood: 82%

Rent Cafe San Antonio North Burnet Apartments for Rent

20. Downtown, San Jose

  • New apartments: 2,663
  • New apartment buildings: 14
  • Neighborhood type: Urban core
  • Percentage of new apts from total apts in the nhood: 48%

Rent Cafe San Jose Downtown Apartments for Rent

 

Look-up table: Top 50 U.S. neighborhoods with most new apartments post-recession

RankNeighborhoodCity/BoroughStateNew Apartments
1Long Island CityQueens, NYNY12,533
2Downtown L.A.Los AngelesCA7,551
3North San JoseSan JoseCA6,814
4Clinton - Hell's KitchenManhattan, NYNY6,058
5UptownDallasTX5,839
6WilliamsburgBrooklyn, NYNY5,269
7Oak LawnDallasTX4,892
8Downtown BrooklynBrooklyn, NYNY3,851
9Washington Ave - Memorial ParkHoustonTX3,569
10Upper West SideManhattan, NYNY3,536
11ChelseaManhattan, NYNY3,504
12BroadwaySeattleWA3,496
13Greenway - Upper KirbyHoustonTX3,147
14MemorialHoustonTX3,029
15Greater UptownHoustonTX3,008
16South Lake UnionSeattleWA2,838
17The LoopChicagoIL2,830
18NorthwestSan AntonioTX2,785
19North BurnetAustinTX2,739
20Downtown San JoseSan JoseCA2,663
21Vance JacksonSan AntonioTX2,662
22DowntownAustinTX2,656
23HollywoodLos AngelesCA2,570
24Five PointsDenverCO2,491
25Camelback EastPhoenixAZ2,458
26PotrancoSan AntonioTX2,321
27BelltownSeattleWA2,309
28Theatre District - Times SquareManhattan, NYNY2,283
29Sursum CordaWashingtonDC2,245
30Playa VistaLos AngelesCA2,231
31South BeachSan FranciscoCA2,217
32South of MarketSan FranciscoCA2,216
33Stone OakSan AntonioTX2,182
34Central CityPhoenixAZ2,082
35HillsideDallasTX2,017
36Murray HillManhattan, NYNY1,988
37Afton Oaks - River OaksHoustonTX1,948
38Neartown - MontroseHoustonTX1,904
39Cochran HeightsDallasTX1,826
40Eldridge - West OaksHoustonTX1,777
41KoreatownLos AngelesCA1,755
42LoDoDenverCO1,748
43Serra MesaSan DiegoCA1,725
44ZilkerAustinTX1,720
45MidtownHoustonTX1,661
46South BostonBostonMA1,646
47Central MidtownManhattan, NYNY1,623
48GreenpointBrooklyn, NYNY1,604
49University CampusAustinTX1,579
50Heritage - Coventry HillsFort WorthTX1,570

Table by RENTCafé

Methodology: 
Apartment construction data was provided by our sister companies Yardi Matrix and Property Shark. Yardi Matrix is a business development and asset management tool for brokers, sponsors, banks and equity sources underwriting investments in the multifamily, office, industrial and self-storage sectors. Property Shark is an established data provider for the NY real estate industry and other major U.S. markets, offering in-depth property reports, sales data, foreclosure listings, and other research tools.
This analysis includes all rental units built between 2010 and 2016 in multifamily properties of 50+ units, located in the top 30 most populous cities in the United States.
Neighborhood mapping by RENTCafé.

Fair use and redistribution

We encourage you and freely grant you permission to reuse, host, or repost the images in this article. When doing so, we only ask that you kindly attribute the authors by linking to RENTCafé.com or this page, so that your readers can learn more about this project, the research behind it and its methodology. For more in-depth, customized data, please contact us at media@rentcafe.com.

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About the author

Nadia Balint

Nadia Balint is an online content developer and creative writer for RENTCafé. She loves writing and reading about real estate, lifestyle and travel. She finds joy and inspiration in the little things in life. You can get in touch with Nadia via email: nadia.balint@yardi.com.

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