Average Rent in Midtown South, New York, NY

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Current Versus Historical Midtown South, New York, NY Rents

Midtown South rentals average $3,955 for a studio rental to $12,000 for a 4-bedroom rental. The median price of all currently available listings is $4,700, 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 $133 (3.69%) year-over-year from $3,617 to $3,750. 1-bedroom rentals prices have increased by $30 (0.62%) year-over-year from $4,865 to $4,895. 2-bedroom rentals prices have increased by $227 (3.30%) year-over-year from $6,881 to $7,108. 3-bedroom rentals prices have decreased by $933 (-11.76%) year-over-year from $7,933 to $7,000. 4-bedroom rentals prices have decreased by $5,168 (-35.24%) year-over-year from $14,666 to $9,498. 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 down by 1.10% this month. 1-bedroom rents have gone down by 1.38% this month. 2-bedroom rents have gone up by 7.27% this month. 3-bedroom rents have gone up by 0.25% this month. 4-bedroom rents have gone up by 8.56% this month.
Beds
Price / Sqft
Dec 2024 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
Studio $10.30 $3,750 $3,617 (3.69%) $3,161 (18.64%)
1 BR $5.21 $4,895 $4,865 (0.62%) $4,516 (8.40%)
2 BR $7.46 $7,108 $6,881 (3.30%) $5,750 (23.61%)
3 BR $3.61 $7,000 $7,933 (-11.76%) $5,583 (25.37%)
4+ BR $4.80 $9,498 $14,666 (-35.24%) $6,798 (39.71%)

Historical Rents in Midtown South, New York, NY

Studio
1 Bed
2 Bed
3 Bed
4 Bed

Top Cities Near Midtown South

There are a total of 16 cities nearby Midtown South. The average rent in Midtown South is currently $3,700 per month. A total of 13 cities nearby have an average rent lower than that. Our records show that Bridgeport, CT, with an average rent of $2,199, is the most affordable city nearby. In contrast, the most expensive city near Midtown South, New York, NY is Spring Lake, NJ. Monthly rents here are on average $10,000 per month.

Let's compare Midtown South, New York, NY's rent against other top cities nearby by bedroom size. Typically, rent for studios in Midtown South, New York, NY is 57.96% more expensive than other cities nearby. One bedrooms are about 46.12% more expensive. Two bedrooms in Midtown South, New York, NY are about 51.16% more expensive. Finally, rent for three bedrooms are about 31.16% more expensive. Want more information? Check out the top 10 cities out of 16 total cities near Midtown South, New York, NY in the following chart.
City Studio 1 Bed 2 Bed All
Asbury Park, NJ $1,750 $2,200 $2,775 $2,750
Stamford, CT $2,118 $2,264 $2,900 $2,800
Yonkers, NY $1,900 $2,150 $2,650 $2,818
White Plains, NY $2,250 $2,625 $3,600 $3,400
Ocean Grove, NJ N/A $3,000 $2,795 $3,400
Long Beach, NY $1,925 $2,548 $3,500 $3,500
Long Branch, NJ N/A $3,100 $3,875 $3,900
New Rochelle, NY $1,800 $3,000 $4,449 $4,139
New York, NY $3,422 $4,195 $5,000 $4,200
Harrison, NY $2,775 $3,020 $4,268 $4,419

Top Neighborhoods Near Midtown South

There are a total of 55 neighborhoods in or near Midtown South. Some of these neighborhoods include Murray Hill, Bowery, and Long Island City. We've included the top 30 neighborhoods out of 55 total neighborhoods in or near Midtown South, New York, NY in the following chart.

The average rent for these 30 neighborhoods in or near Midtown South, New York, NY is currently around $4,250 per month. A total of 37 neighborhoods have a lower average rent. Out of all the neighborhoods in or near Midtown South, East Side has the most affordable average rent at $2,250 per month. Whereas, at $12,000 average rent per month, SoHo is the most expensive neighborhood in or near Midtown South. View the following chart for more information.
Neighborhood Studio 1 Bed 2 Bed All
Murray Hill, New York, NY $3,325 $4,100 $6,300 $3,900
Bowery, New York, NY $2,800 $3,499 $4,995 $3,925
Long Island City, New York, NY $3,288 $3,750 $5,750 $3,970
Upper East Side, New York, NY $3,275 $4,090 $5,000 $4,000
NoHo, New York, NY $3,700 $4,150 $10,275 $4,000
Hell's Kitchen, New York, NY $3,440 $4,060 $5,200 $4,180
NoLita, New York, NY $9,848 $3,800 $5,495 $4,199
Financial District, New York, NY $3,518 $4,449 $6,323 $4,250
Downtown Brooklyn, New York, NY $3,444 $4,200 $5,725 $4,350
Kips Bay, New York, NY $3,658 $4,175 $5,495 $4,495
East Village, New York, NY $2,898 $3,795 $4,495 $4,495
Little Italy, New York, NY $3,250 $4,500 $4,625 $4,500
Midtown East, New York, NY $3,325 $4,500 $6,075 $4,525
Hudson Yards, New York, NY $3,450 $4,444 $6,480 $4,653
Williamsburg, New York, NY $3,821 $4,713 $4,952 $4,725
Lower East Side, New York, NY $3,413 $4,462 $4,595 $4,750
Upper West Side, New York, NY $3,095 $4,481 $6,899 $4,890
Brooklyn Heights, New York, NY $3,350 $4,257 $7,165 $4,900
West Village, New York, NY $4,667 $4,950 $6,548 $4,950
Greenpoint, New York, NY $3,549 $4,302 $5,730 $5,075
Stuyvesant Town - Peter Cooper Village, New York, NY N/A $5,017 $6,054 $5,100
Chelsea, New York, NY $3,800 $5,499 $7,493 $5,117
Midtown, New York, NY $3,750 $4,343 $6,732 $5,350
Gramercy Park, New York, NY $3,725 $5,368 $5,119 $5,375
Greenwich Village, New York, NY $4,000 $6,150 $5,980 $5,400
Flatiron District, New York, NY $4,500 $5,650 $10,500 $5,500
NoMad, New York, NY $4,417 $5,683 $8,246 $5,659
Battery Park City, New York, NY $3,896 $4,566 $6,861 $5,850
Tribeca, New York, NY $4,583 $5,950 $8,316 $7,750
SoHo, New York, NY $6,250 $5,000 $13,500 $12,000

Top Counties Near Midtown South

There are a total of 55 counties located by Midtown South, 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 28 counties have a lower average rent. The county that is the most affordable is Bridgeport, CT. It's average rent per month is $2,199. Vice versa, with an average rent of $10,000, Spring Lake, NJ is the most expensive county by Midtown South, New York, NY.

Typically, rent for studios in Midtown South, New York, NY is 57.96% more expensive than other counties nearby. In comparison, rent for one bedroom listings in Midtown South, New York, NY is 46.90% more expensive than other counties nearby. Finally, rent for two bedrooms in Midtown South, New York, NY is 54.52% 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 $2,150 $2,650 $2,818
Bronx, New York, NY $2,450 $2,575 $3,125 $3,200
Queens, New York, NY $2,767 $2,781 $3,450 $3,204
Long Beach, NY $1,925 $2,548 $3,500 $3,500
Hempstead, NY $2,000 $2,500 $3,053 $3,500
Brooklyn, New York, NY $3,400 $3,850 $4,200 $3,900
Greenburgh, NY $2,300 $2,600 $3,795 $4,100
New Rochelle, NY $1,800 $3,000 $4,449 $4,139
Manhattan, New York, NY $3,475 $4,395 $5,696 $4,495
North Hempstead, NY N/A $2,735 $3,725 $4,500

Top Zipcodes Near Midtown South

There are a total of 5 zipcodes in or near Midtown South, 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 $2,970 per month. In comparison, the zipcode with the most expensive average rent of $5,150 per month is 10023, New York, NY.

Studios in these zipcodes have an average rent of $2,680. 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 Midtown South, New York, NY is $2,975 per month. Or in other words, $4 per sqft. Meanwhile, two bedroom apartments will cost you an average of $3,500 per month. Which comes out to $3 per sqft. The following chart includes the top 5 zipcodes in Midtown South, 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 $3,131 $5,035 $8,295 $5,150
10128, New York, NY $3,349 $4,137 $5,730 $3,823
10035, New York, NY $2,250 $2,695 $3,292 $2,998
11375, New York, NY $2,680 $2,975 $3,500 $3,000
10463, New York, NY $2,500 $2,665 $3,350 $2,970

Frequently Asked Questions - Midtown South Average Rents

What is the average rent price in Midtown South, New York, NY?
The average monthly rental price for Midtown South, New York, NY apartments for rent is approximately $4,700. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.
Do Midtown South, 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 South, New York, NY.
How much is a studio apartment in Midtown South, New York, NY?
The average monthly rental price for studio apartments is $3,955 and an average price per square feet of $10.30. There are a total of 33 studio apartment listings currently available for rent in Midtown South.
How much is a one bedroom apartment in Midtown South, New York, NY?
The average monthly rental price for one bedroom apartments is $4,800 and an average price per square feet of $5.21. There are a total of 46 one bedroom apartment listings currently available for rent in Midtown South.
How much is a two bedroom apartment in Midtown South, New York, NY?
The average monthly rental price for two bedroom apartments is $7,422 and an average price per square feet of $7.46. There are a total of 28 two bedroom apartment listings currently available for rent in Midtown South.
How have rent prices in Midtown South, New York, NY changed this year?
Rent prices for rentals in Midtown South, New York, NY can fluctuate yearly. Specifically, studio rental prices have changed by 0.04%, one bedroom rental prices have changed by 0.01%, two bedroom rental prices have changed by 0.03%, and three bedroom rental prices have changed by -0.12% year-over-year.
What is a reasonable rent price in Midtown South, New York, NY?
A reasonable rent price in Midtown South, New York, NY is around $3,760/month. You can search for these reasonably priced rental listings on RentHop.
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