Average Rent in Lower East Side, New York, NY

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Current Versus Historical Lower East Side, New York, NY Rents

Lower East Side rentals average $3,413 for a studio rental to $7,995 for a 4-bedroom rental. The median price of all currently available listings is $4,750, or roughly $8 per square feet.

For the apartment units and housing in December 2024, median rents have risen substantially over the last year. Studio rentals prices have increased by $315 (10.16%) year-over-year from $3,098 to $3,413. 1-bedroom rentals prices have increased by $703 (19.54%) year-over-year from $3,597 to $4,300. 2-bedroom rentals prices have increased by $113 (2.44%) year-over-year from $4,637 to $4,750. 3-bedroom rentals prices have increased by $375 (6.67%) year-over-year from $5,620 to $5,995. 4-bedroom rentals prices have increased by $133 (1.70%) year-over-year from $7,862 to $7,995. Note that this figure includes all active and rented listings throughout the month.

Month-to-month, seasonality might have a bigger impact than overall trend price changes. Studio rents have gone up by 3.34% this month. 1-bedroom rents have gone down by 0.54% this month. 2-bedroom rents have gone down by 2.51% this month. 3-bedroom rents have gone down by 0.00% this month. 4-bedroom rents have gone down by 2.04% this month.

Beds	Price / Sqft	Dec 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$7.61	$3,413	$3,098 (10.16%)	$2,291 (48.95%)
1 BR	$7.79	$4,300	$3,597 (19.54%)	$2,947 (45.93%)
2 BR	$8.26	$4,750	$4,637 (2.44%)	$3,624 (31.06%)
3 BR	N/A	$5,995	$5,620 (6.67%)	$5,314 (12.82%)
4+ BR	N/A	$7,995	$7,862 (1.70%)	$7,995 (0.00%)

Historical Rents in Lower East Side, New York, NY

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near Lower East Side

There are a total of 17 cities nearby Lower East Side. The average rent in Lower East Side is currently $3,500 per month. A total of 14 cities nearby have an average rent lower than that. Our records show that Bridgeport, CT, with an average rent of $2,175, is the most affordable city nearby. In contrast, the most expensive city near Lower East Side, New York, NY is Spring Lake, NJ. Monthly rents here are on average $10,000 per month.

Let's compare Lower East Side, New York, NY's rent against other top cities nearby by bedroom size. Typically, rent for studios in Lower East Side, New York, NY is 48.73% more expensive than other cities nearby. One bedrooms are about 44.35% more expensive. Two bedrooms in Lower East Side, New York, NY are about 25.32% more expensive. Finally, rent for three bedrooms are about 25.02% more expensive. Want more information? Check out the top 10 cities out of 17 total cities near Lower East Side, New York, NY in the following chart.

City	Studio	1 Bed	2 Bed	All
West Babylon, NY	$2,970	$2,425	$3,000	$2,495
Asbury Park, NJ	$1,750	$2,200	$2,800	$2,750
Stamford, CT	$2,009	$2,253	$2,950	$2,828
Yonkers, NY	$1,900	$2,175	$2,663	$2,843
White Plains, NY	$2,250	$2,625	$3,548	$3,300
Long Beach, NY	$1,925	$2,573	$3,350	$3,500
Long Branch, NJ	N/A	$3,100	$3,750	$3,899
New York, NY	$3,402	$4,155	$5,000	$4,200
New Rochelle, NY	$1,800	$2,850	$4,419	$4,349
Harrison, NY	$2,775	$3,015	$4,197	$4,370

Top Neighborhoods Near Lower East Side

There are a total of 56 neighborhoods in or near Lower East Side. Some of these neighborhoods include Bowery, Murray Hill, and Boerum Hill. We've included the top 30 neighborhoods out of 56 total neighborhoods in or near Lower East Side, New York, NY in the following chart.

The average rent for these 30 neighborhoods in or near Lower East Side, New York, NY is currently around $4,260 per month. A total of 38 neighborhoods have a lower average rent. Out of all the neighborhoods in or near Lower East Side, East Side has the most affordable average rent at $2,226 per month. Whereas, at $12,000 average rent per month, SoHo is the most expensive neighborhood in or near Lower East Side. View the following chart for more information.

Neighborhood	Studio	1 Bed	2 Bed	All
Bowery, New York, NY	$2,800	$3,450	$4,995	$3,899
Murray Hill, New York, NY	$3,325	$4,150	$6,500	$3,900
Boerum Hill, New York, NY	$3,400	$3,950	$7,250	$4,000
NoHo, New York, NY	$3,798	$4,150	$14,500	$4,000
Fort Greene, New York, NY	$3,404	$4,250	$4,150	$4,150
Financial District, New York, NY	$3,471	$4,450	$6,150	$4,219
Clinton Hill, New York, NY	$2,925	$3,900	$4,984	$4,300
Downtown Brooklyn, New York, NY	$3,425	$4,125	$5,725	$4,307
Prospect Heights, New York, NY	$3,565	$4,403	$5,200	$4,322
NoLita, New York, NY	$9,848	$3,900	$5,495	$4,445
Kips Bay, New York, NY	$3,658	$4,185	$5,505	$4,495
East Village, New York, NY	$2,995	$3,850	$4,495	$4,495
Midtown East, New York, NY	$3,325	$4,460	$6,075	$4,525
Williamsburg, New York, NY	$3,821	$4,600	$4,941	$4,690
Midtown South, New York, NY	$3,955	$4,800	$7,580	$4,800
Greenpoint, New York, NY	$3,483	$4,395	$5,500	$4,920
West Village, New York, NY	$4,550	$4,950	$6,650	$4,950
Little Italy, New York, NY	$3,250	$4,225	$4,850	$5,000
Stuyvesant Town - Peter Cooper Village, New York, NY	N/A	$4,971	$6,054	$5,084
Gramercy Park, New York, NY	$3,750	$5,295	$5,119	$5,147
Midtown, New York, NY	$3,639	$4,382	$6,750	$5,265
Chelsea, New York, NY	$3,825	$5,497	$7,500	$5,320
Carroll Gardens, New York, NY	N/A	$3,650	$5,500	$5,348
Greenwich Village, New York, NY	$4,000	$6,150	$6,130	$5,400
Brooklyn Heights, New York, NY	$3,350	$4,113	$7,057	$5,500
Battery Park City, New York, NY	$3,902	$4,569	$8,098	$5,600
Flatiron District, New York, NY	$4,648	$5,650	$10,500	$5,613
NoMad, New York, NY	$4,328	$5,686	$8,200	$5,686
Tribeca, New York, NY	$4,552	$5,891	$8,566	$7,848
SoHo, New York, NY	$6,250	$5,000	$13,500	$12,000

Top Counties Near Lower East Side

There are a total of 56 counties located by Lower East Side, New York, NY. Some of these counties include Yonkers, NY, Bronx, New York, NY, and Queens, New York, NY. The average rent for rentals in these counties is $3,500. That's roughly around $3 per sqft. A total of 29 counties have a lower average rent. The county that is the most affordable is Bridgeport, CT. It's average rent per month is $2,175. Vice versa, with an average rent of $10,000, Spring Lake, NJ is the most expensive county by Lower East Side, New York, NY.

Typically, rent for studios in Lower East Side, New York, NY is 47.99% more expensive than other counties nearby. In comparison, rent for one bedroom listings in Lower East Side, New York, NY is 44.84% more expensive than other counties nearby. Finally, rent for two bedrooms in Lower East Side, New York, NY is 31.05% more expensive than other counties nearby. We've listed the top 10 counties in the chart below.

County	Studio	1 Bed	2 Bed	All
Yonkers, NY	$1,900	$2,175	$2,663	$2,843
Bronx, New York, NY	$2,000	$2,575	$3,068	$3,060
Queens, New York, NY	$2,767	$2,778	$3,450	$3,243
Long Beach, NY	$1,925	$2,573	$3,350	$3,500
Hempstead, NY	$2,000	$2,500	$3,100	$3,500
Brooklyn, New York, NY	$3,400	$3,641	$4,200	$3,875
Greenburgh, NY	$2,300	$2,600	$3,600	$3,919
New Rochelle, NY	$1,800	$2,850	$4,419	$4,349
North Hempstead, NY	$2,575	$2,675	$3,913	$4,475
Manhattan, New York, NY	$3,475	$4,395	$5,700	$4,495

Top Zipcodes Near Lower East Side

There are a total of 5 zipcodes in or near Lower East Side, New York, NY. The average rent for all of these zipcodes is $3,000. A total of 4 zipcodes have a average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 10463, New York, NY at $2,900 per month. In comparison, the zipcode with the most expensive average rent of $4,850 per month is 10023, New York, NY.

Studios in these zipcodes have an average rent of $2,673. That's at least $5 per sqft. Do you need more space than that? Average rent for one bedroom rentals for the zipcodes in or near Lower East Side, New York, NY is $2,950 per month. Or in other words, $4 per sqft. Meanwhile, two bedroom apartments will cost you an average of $3,350 per month. Which comes out to $4 per sqft. The following chart includes the top 5 zipcodes in Lower East Side, New York, NY. You can view the average rent breakdown for each zipcode by bedroom size.

Zipcode	Studio	1 Bed	2 Bed	All
10023, New York, NY	$3,000	$4,595	$8,100	$4,850
10128, New York, NY	$3,350	$4,095	$5,685	$3,915
10035, New York, NY	$2,250	$2,702	$3,292	$2,957
11375, New York, NY	$2,673	$2,950	$3,250	$3,000
10463, New York, NY	$2,450	$2,680	$3,350	$2,900

Frequently Asked Questions - Lower East Side Average Rents

What is the average rent price in Lower East Side, New York, NY?

The average monthly rental price for Lower East Side, New York, NY apartments for rent is approximately $4,750. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do Lower East Side, New York, NY rent prices drop in winter?

Yes! On average we see a 3.4% drop in rental prices between the peak summer months and the slower winter months. With the added bonus of decreased competition from other renters looking to move, winter is generally considered the best time of the year to find an apartment for rent in Lower East Side, New York, NY.

How much is a studio apartment in Lower East Side, New York, NY?

The average monthly rental price for studio apartments is $3,413 and an average price per square feet of $7.61. There are a total of 25 studio apartment listings currently available for rent in Lower East Side.

How much is a one bedroom apartment in Lower East Side, New York, NY?

The average monthly rental price for one bedroom apartments is $4,623 and an average price per square feet of $7.79. There are a total of 35 one bedroom apartment listings currently available for rent in Lower East Side.

How much is a two bedroom apartment in Lower East Side, New York, NY?

The average monthly rental price for two bedroom apartments is $4,750 and an average price per square feet of $8.26. There are a total of 80 two bedroom apartment listings currently available for rent in Lower East Side.

How have rent prices in Lower East Side, New York, NY changed this year?

Rent prices for rentals in Lower East Side, New York, NY can fluctuate yearly. Specifically, studio rental prices have changed by 0.10%, one bedroom rental prices have changed by 0.20%, two bedroom rental prices have changed by 0.02%, and three bedroom rental prices have changed by 0.07% year-over-year.

What is a reasonable rent price in Lower East Side, New York, NY?

A reasonable rent price in Lower East Side, New York, NY is around $3,800/month. You can search for these reasonably priced rental listings on RentHop.