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 $3,497 for a studio rental to $7,995 for a 4-bedroom rental. The median price of all currently available listings is $4,990, or roughly $8 per square feet.

For the apartment units and housing in November 2024, median rents have risen substantially over the last year. Studio rentals prices have increased by $84 (2.45%) year-over-year from $3,413 to $3,497. 1-bedroom rentals prices have increased by $1,413 (40.00%) year-over-year from $3,531 to $4,944. 2-bedroom rentals prices have increased by $344 (7.39%) year-over-year from $4,651 to $4,995. 3-bedroom rentals prices have increased by $213 (3.68%) year-over-year from $5,782 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 2.38% this month. 1-bedroom rents have gone up by 7.77% this month. 2-bedroom rents have gone down by 0.02% this month. 3-bedroom rents have gone down by 3.23% this month. 4-bedroom rents have gone down by 5.14% this month.

Beds	Price / Sqft	Nov 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$8.15	$3,497	$3,413 (2.45%)	$2,258 (54.87%)
1 BR	$7.67	$4,944	$3,531 (40.00%)	$2,882 (71.57%)
2 BR	$7.80	$4,995	$4,651 (7.39%)	$3,624 (37.82%)
3 BR	N/A	$5,995	$5,782 (3.68%)	$5,495 (9.10%)
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 19 cities nearby Lower East Side. The average rent in Lower East Side is currently $3,450 per month. A total of 15 cities nearby have an average rent lower than that. Our records show that Bridgeport, CT, with an average rent of $2,000, 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 $9,500 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 54.25% more expensive than other cities nearby. One bedrooms are about 48.09% more expensive. Two bedrooms in Lower East Side, New York, NY are about 38.09% more expensive. Finally, rent for three bedrooms are about 29.94% more expensive. Want more information? Check out the top 10 cities out of 19 total cities near Lower East Side, New York, NY in the following chart.

City	Studio	1 Bed	2 Bed	All
West Babylon, NY	N/A	$2,395	$2,825	$2,500
Asbury Park, NJ	$1,650	$2,150	$2,800	$2,700
Yonkers, NY	$2,100	$2,200	$2,800	$2,775
Stamford, CT	$1,750	$2,232	$2,950	$2,950
White Plains, NY	$2,275	$2,650	$3,800	$3,400
Long Beach, NY	$1,925	$2,600	$3,200	$3,450
New Rochelle, NY	$2,413	$2,875	$3,500	$3,500
Long Branch, NJ	N/A	$3,000	$3,725	$3,800
New York, NY	$3,440	$4,175	$5,000	$4,200
Harrison, NY	$2,635	$2,930	$4,108	$4,219

Top Neighborhoods Near Lower East Side

There are a total of 58 neighborhoods in or near Lower East Side. Some of these neighborhoods include Bowery, Murray Hill, and NoHo. We've included the top 30 neighborhoods out of 58 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 $4,270 per month. A total of 43 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 $2,250 per month. Whereas, at $9,995 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	$3,500	$4,750	$3,500
Murray Hill, New York, NY	$3,425	$4,150	$6,500	$3,994
NoHo, New York, NY	$4,000	$4,495	$14,750	$4,150
Fort Greene, New York, NY	$3,600	$4,250	$4,200	$4,150
Clinton Hill, New York, NY	$2,825	$3,838	$5,124	$4,185
Financial District, New York, NY	$3,450	$4,500	$6,350	$4,254
Downtown Brooklyn, New York, NY	$3,438	$4,195	$5,818	$4,285
Prospect Heights, New York, NY	$3,565	$4,485	$6,009	$4,350
East Village, New York, NY	$2,995	$3,795	$4,495	$4,495
NoLita, New York, NY	$9,943	$3,900	$5,495	$4,495
Midtown East, New York, NY	$3,399	$4,425	$6,025	$4,500
Kips Bay, New York, NY	$3,595	$4,250	$5,470	$4,500
Boerum Hill, New York, NY	$3,620	$3,850	$5,750	$4,625
Midtown South, New York, NY	$3,550	$4,995	$5,498	$4,699
Brooklyn Heights, New York, NY	$3,300	$4,250	$7,850	$4,747
Williamsburg, New York, NY	$3,813	$4,583	$5,000	$4,750
Greenwich Village, New York, NY	$4,100	$5,525	$7,900	$4,850
Stuyvesant Town - Peter Cooper Village, New York, NY	N/A	$4,924	$6,015	$5,042
West Village, New York, NY	$3,695	$5,200	$6,750	$5,100
Greenpoint, New York, NY	$3,300	$4,257	$5,328	$5,175
Carroll Gardens, New York, NY	N/A	$3,650	$5,499	$5,195
Little Italy, New York, NY	$3,275	$4,500	$4,850	$5,295
Gramercy Park, New York, NY	$3,693	$5,515	$4,995	$5,300
Chelsea, New York, NY	$3,925	$5,595	$8,073	$5,350
NoMad, New York, NY	$4,339	$5,680	$8,225	$5,721
DUMBO, New York, NY	$3,600	$4,950	$6,850	$5,795
Flatiron District, New York, NY	$4,300	$5,800	$9,631	$5,800
Battery Park City, New York, NY	$3,952	$4,605	$8,520	$5,995
Tribeca, New York, NY	$4,695	$5,891	$8,570	$8,000
SoHo, New York, NY	$3,400	$5,248	$13,500	$9,995

Top Counties Near Lower East Side

There are a total of 58 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 $3,413. That's roughly around $3 per sqft. A total of 31 counties have a lower average rent. The county that is the most affordable is Bridgeport, CT. It's average rent per month is $2,000. Vice versa, with an average rent of $9,500, 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 51.39% more expensive than other counties nearby. In comparison, rent for one bedroom listings in Lower East Side, New York, NY is 41.86% more expensive than other counties nearby. Finally, rent for two bedrooms in Lower East Side, New York, NY is 33.63% 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	$2,100	$2,200	$2,800	$2,775
Bronx, New York, NY	$1,995	$2,575	$3,175	$3,060
Queens, New York, NY	$2,850	$2,795	$3,450	$3,285
Long Beach, NY	$1,925	$2,600	$3,200	$3,450
New Rochelle, NY	$2,413	$2,875	$3,500	$3,500
Hempstead, NY	$2,000	$2,500	$3,030	$3,500
Brooklyn, New York, NY	$3,361	$3,689	$4,199	$3,858
Greenburgh, NY	$1,900	$2,700	$3,550	$4,100
Manhattan, New York, NY	$3,471	$4,350	$5,650	$4,495
North Hempstead, NY	$3,000	$2,573	$4,000	$4,500

Top Zipcodes Near Lower East Side

There are a total of 6 zipcodes in or near Lower East Side, New York, NY. The average rent for all of these zipcodes is $3,575. A total of 6 zipcodes have a average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 10035, New York, NY at $2,850 per month. In comparison, the zipcode with the most expensive average rent of $4,823 per month is 10023, New York, NY.

Studios in these zipcodes have an average rent of $3,003. That's at least $6 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 $3,563 per month. Or in other words, $5 per sqft. Meanwhile, two bedroom apartments will cost you an average of $4,283 per month. Which comes out to $5 per sqft. The following chart includes the top 6 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
10280, New York, NY	$3,812	$4,500	$6,429	$4,595
10023, New York, NY	$3,400	$5,083	$8,295	$4,823
10128, New York, NY	$3,350	$4,150	$5,115	$4,000
10035, New York, NY	$2,299	$2,550	$3,100	$2,850
11375, New York, NY	$2,655	$2,975	$3,450	$3,150
10463, New York, NY	$2,198	$2,708	$3,350	$2,990

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 $4,990. 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 $3,497 and an average price per square feet of $8.15. There are a total of 44 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 $4,300 and an average price per square feet of $7.67. There are a total of 41 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 $4,765 and an average price per square feet of $7.80. There are a total of 112 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 0.02%, one bedroom rental prices have changed by 0.40%, two bedroom rental prices have changed by 0.07%, and three bedroom rental prices have changed by 0.04% 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 $3,992/month. You can search for these reasonably priced rental listings on RentHop.