Average Rent in Midtown, New York, NY

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Current Versus Historical Midtown, New York, NY Rents

Midtown rentals average $3,625 for a studio rental to $12,450 for a 4-bedroom rental. The median price of all currently available listings is $5,295, or roughly $7 per square feet.
For the apartment units and housing in December 2024, median rents have been roughly unchanged over the last year. Studio rentals prices have increased by $368 (11.03%) year-over-year from $3,333 to $3,700. 1-bedroom rentals prices have decreased by $124 (-2.93%) year-over-year from $4,224 to $4,100. 2-bedroom rentals prices have decreased by $146 (-2.17%) year-over-year from $6,700 to $6,554. 3-bedroom rentals prices have decreased by $6,819 (-51.79%) year-over-year from $13,167 to $6,348. 4-bedroom rentals prices have increased by $57,768 (564.60%) year-over-year from $10,232 to $68,000. 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 1.44% this month. 1-bedroom rents have gone down by 3.01% this month. 2-bedroom rents have gone down by 1.27% this month. 3-bedroom rents have gone down by 23.36% this month. 4-bedroom rents have gone up by 119.47% this month.
Beds
Price / Sqft
Dec 2024 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
Studio $8.31 $3,700 $3,333 (11.03%) $3,046 (21.48%)
1 BR $6.34 $4,100 $4,224 (-2.93%) $3,931 (4.31%)
2 BR $6.53 $6,554 $6,700 (-2.17%) $6,281 (4.34%)
3 BR $7.03 $6,348 $13,167 (-51.79%) $6,598 (-3.80%)
4+ BR $8.89 $68,000 $10,232 (564.60%) $10,142 (570.50%)

Historical Rents in Midtown, New York, NY

Studio
1 Bed
2 Bed
3 Bed
4 Bed

Top Cities Near Midtown

There are a total of 18 cities nearby Midtown. The average rent in Midtown is currently $3,625 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 Midtown, New York, NY is Spring Lake, NJ. Monthly rents here are on average $9,500 per month.

Let's compare Midtown, New York, NY's rent against other top cities nearby by bedroom size. Typically, rent for studios in Midtown, New York, NY is 55.86% more expensive than other cities nearby. One bedrooms are about 44.76% more expensive. Two bedrooms in Midtown, New York, NY are about 50.00% more expensive. Finally, rent for three bedrooms are about 40.17% more expensive. Want more information? Check out the top 10 cities out of 18 total cities near Midtown, New York, NY in the following chart.
City Studio 1 Bed 2 Bed All
West Babylon, NY $2,970 $2,425 $2,850 $2,498
Asbury Park, NJ $1,750 $2,200 $2,800 $2,600
Yonkers, NY $1,600 $2,200 $2,775 $2,825
Stamford, CT $1,900 $2,275 $3,050 $2,950
White Plains, NY $2,250 $2,650 $3,800 $3,225
Long Beach, NY $1,963 $2,648 $3,300 $3,600
New Rochelle, NY N/A $2,500 $4,000 $3,650
Long Branch, NJ N/A $3,000 $3,800 $3,900
New York, NY $3,450 $4,113 $4,995 $4,195
Harrison, NY $2,700 $3,000 $4,122 $4,207

Top Neighborhoods Near Midtown

There are a total of 58 neighborhoods in or near Midtown. Some of these neighborhoods include East Harlem, Astoria, and Bowery. We've included the top 30 neighborhoods out of 58 total neighborhoods in or near Midtown, New York, NY in the following chart.

The average rent for these 30 neighborhoods in or near Midtown, New York, NY is currently around $4,250 per month. A total of 50 neighborhoods have a lower average rent. Out of all the neighborhoods in or near Midtown, East Side has the most affordable average rent at $2,292 per month. Whereas, at $12,500 average rent per month, SoHo is the most expensive neighborhood in or near Midtown. View the following chart for more information.
Neighborhood Studio 1 Bed 2 Bed All
East Harlem, New York, NY $3,600 $2,975 $3,000 $3,250
Astoria, New York, NY $2,464 $3,099 $3,800 $3,263
Bowery, New York, NY $2,800 $3,499 $4,650 $3,500
Long Island City, New York, NY $3,281 $3,850 $5,824 $3,973
Upper East Side, New York, NY $3,275 $3,800 $4,850 $3,995
Murray Hill, New York, NY $3,400 $4,150 $6,300 $3,995
NoHo, New York, NY $4,095 $4,150 $14,500 $4,095
Hell's Kitchen, New York, NY $3,350 $3,995 $5,500 $4,100
NoLita, New York, NY $9,943 $3,900 $5,495 $4,395
Hudson Yards, New York, NY $3,490 $4,493 $6,480 $4,444
East Village, New York, NY $2,895 $3,700 $4,495 $4,495
Kips Bay, New York, NY $3,570 $4,185 $5,455 $4,495
Midtown East, New York, NY $3,495 $4,425 $6,206 $4,515
Midtown South, New York, NY $3,923 $4,699 $7,010 $4,597
Williamsburg, New York, NY $3,900 $4,600 $4,883 $4,700
Two Bridges, New York, NY N/A $4,675 $4,333 $4,825
Greenpoint, New York, NY $3,355 $4,344 $5,000 $4,854
Greenwich Village, New York, NY $4,100 $6,138 $7,500 $4,875
Upper West Side, New York, NY $3,250 $4,449 $7,203 $4,902
Lower East Side, New York, NY $3,413 $4,350 $4,653 $4,990
Stuyvesant Town - Peter Cooper Village, New York, NY N/A $4,903 $6,193 $5,047
Gramercy Park, New York, NY $3,696 $5,515 $4,995 $5,175
Chelsea, New York, NY $3,950 $5,490 $7,500 $5,218
Little Italy, New York, NY $3,250 $4,500 $4,625 $5,250
West Village, New York, NY $3,698 $5,095 $6,750 $5,375
NoMad, New York, NY $4,284 $5,674 $8,293 $5,724
Flatiron District, New York, NY $4,098 $5,700 $10,207 $5,775
Battery Park City, New York, NY $3,983 $4,529 $8,895 $5,900
Tribeca, New York, NY $4,725 $5,999 $8,591 $8,000
SoHo, New York, NY $4,675 $5,100 $13,500 $12,500

Top Counties Near Midtown

There are a total of 58 counties located by Midtown, 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 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 Midtown, New York, NY.

Typically, rent for studios in Midtown, New York, NY is 55.86% more expensive than other counties nearby. In comparison, rent for one bedroom listings in Midtown, New York, NY is 41.41% more expensive than other counties nearby. Finally, rent for two bedrooms in Midtown, New York, NY is 50.79% 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 $1,600 $2,200 $2,775 $2,825
Bronx, New York, NY $2,200 $2,575 $3,027 $3,039
Queens, New York, NY $2,972 $2,895 $3,500 $3,275
Hempstead, NY $2,025 $2,500 $3,100 $3,500
Long Beach, NY $1,963 $2,648 $3,300 $3,600
New Rochelle, NY N/A $2,500 $4,000 $3,650
Brooklyn, New York, NY $3,425 $3,600 $4,101 $3,800
Greenburgh, NY $1,750 $2,600 $3,650 $4,100
Manhattan, New York, NY $3,471 $4,350 $5,540 $4,495
North Hempstead, NY $2,415 $2,600 $3,988 $4,513

Top Zipcodes Near Midtown

There are a total of 6 zipcodes in or near Midtown, New York, NY. The average rent for all of these zipcodes is $3,620. 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 $2,863 per month. In comparison, the zipcode with the most expensive average rent of $4,799 per month is 10023, New York, NY.

Studios in these zipcodes have an average rent of $2,958. 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 Midtown, New York, NY is $3,595 per month. Or in other words, $5 per sqft. Meanwhile, two bedroom apartments will cost you an average of $4,163 per month. Which comes out to $5 per sqft. The following chart includes the top 6 zipcodes in Midtown, 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 $3,250 $4,950 $8,295 $4,799
10128, New York, NY $3,350 $4,040 $4,950 $3,995
10035, New York, NY $2,299 $2,550 $3,096 $2,863
10280, New York, NY $3,860 $4,484 $6,676 $4,492
11375, New York, NY $2,665 $3,150 $3,375 $3,245
10463, New York, NY $2,450 $2,685 $3,295 $2,990

Frequently Asked Questions - Midtown Average Rents

What is the average rent price in Midtown, New York, NY?
The average monthly rental price for Midtown, New York, NY apartments for rent is approximately $5,295. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.
Do Midtown, 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 Midtown, New York, NY.
How much is a studio apartment in Midtown, New York, NY?
The average monthly rental price for studio apartments is $3,625 and an average price per square feet of $8.31. There are a total of 35 studio apartment listings currently available for rent in Midtown.
How much is a one bedroom apartment in Midtown, New York, NY?
The average monthly rental price for one bedroom apartments is $4,250 and an average price per square feet of $6.34. There are a total of 153 one bedroom apartment listings currently available for rent in Midtown.
How much is a two bedroom apartment in Midtown, New York, NY?
The average monthly rental price for two bedroom apartments is $6,350 and an average price per square feet of $6.53. There are a total of 157 two bedroom apartment listings currently available for rent in Midtown.
How have rent prices in Midtown, New York, NY changed this year?
Rent prices for rentals in Midtown, New York, NY can fluctuate yearly. Specifically, studio rental prices have changed by 0.11%, one bedroom rental prices have changed by -0.03%, two bedroom rental prices have changed by -0.02%, and three bedroom rental prices have changed by -0.52% year-over-year.
What is a reasonable rent price in Midtown, New York, NY?
A reasonable rent price in Midtown, New York, NY is around $4,236/month. You can search for these reasonably priced rental listings on RentHop.
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