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 $3,995 for a studio rental to $10,749 for a 4-bedroom rental. The median price of all currently available listings is $4,700, or roughly $8 per square feet.
For the apartment units and housing in March 2025, median rents have been roughly unchanged over the last year. Studio rentals prices have increased by $393 (10.91%) year-over-year from $3,607 to $4,000. 1-bedroom rentals prices have increased by $95 (1.93%) year-over-year from $4,915 to $5,010. 2-bedroom rentals prices have increased by $623 (8.93%) year-over-year from $6,973 to $7,595. 3-bedroom rentals prices have increased by $1,246 (15.09%) year-over-year from $8,254 to $9,500. 4-bedroom rentals prices have increased by $8,334 (68.51%) year-over-year from $12,166 to $20,500. 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 2.70% this month. 1-bedroom rents have gone up by 0.95% this month. 2-bedroom rents have gone up by 3.98% this month. 3-bedroom rents have gone up by 9.95% this month. 4-bedroom rents have gone up by 4.68% this month.
Beds
Price / Sqft
Mar 2025 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
Studio $7.97 $4,000 $3,607 (10.91%) $3,497 (14.37%)
1 BR $7.85 $5,010 $4,915 (1.93%) $4,690 (6.82%)
2 BR $4.67 $7,595 $6,973 (8.93%) $6,244 (21.63%)
3 BR N/A $9,500 $8,254 (15.09%) $5,457 (74.10%)
4+ BR $4.80 $20,500 $12,166 (68.51%) $6,832 (200.07%)

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 20 cities nearby Midtown South. The average rent in Midtown South is currently $4,278 per month. A total of 11 cities nearby have an average rent lower than that. Our records show that Bridgeport, CT, with an average rent of $2,100, is the most affordable city nearby. In contrast, the most expensive city near Midtown South, New York, NY is West Long Branch, NJ. Monthly rents here are on average $29,000 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 83.73% more expensive than other cities nearby. One bedrooms are about 50.95% more expensive. Two bedrooms in Midtown South, New York, NY are about 47.02% more expensive. Finally, rent for three bedrooms are about 31.29% more expensive. Want more information? Check out the top 10 cities out of 20 total cities near Midtown South, New York, NY in the following chart.
City Studio 1 Bed 2 Bed All
Stamford, CT $1,800 $2,260 $3,000 $2,800
Yonkers, NY $2,050 $2,250 $3,200 $2,800
Glen Cove, NY $2,550 $3,150 $3,450 $3,345
Long Beach, NY $2,150 $2,750 $3,600 $3,975
Oakhurst, NJ N/A N/A $4,900 $4,000
Harrison, NY $2,700 $3,070 $4,048 $4,135
New Rochelle, NY $2,360 $3,000 $4,450 $4,250
New York, NY $3,595 $4,350 $5,450 $4,306
Long Branch, NJ N/A $3,000 $4,800 $4,800
West Long Branch, NJ N/A N/A $5,475 $29,000

Top Neighborhoods Near Midtown South

There are a total of 46 neighborhoods in or near Midtown South. Some of these neighborhoods include Astoria, East Harlem, and Bowery. We've included the top 30 neighborhoods out of 46 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 $4,313 per month. A total of 29 neighborhoods have a lower average rent. Meaning, only a single neighborhood out of these neighborhoods has a higher average rent. Out of all the neighborhoods in or near Midtown South, East Side has the most affordable average rent at $2,271 per month. Whereas, at $8,500 average rent per month, Ocean Beach is the most expensive neighborhood in or near Midtown South. View the following chart for more information.
Neighborhood Studio 1 Bed 2 Bed All
Astoria, New York, NY $2,747 $2,673 $3,643 $3,150
East Harlem, New York, NY $2,963 $3,550 $3,295 $3,495
Bowery, New York, NY $2,800 $3,475 $5,295 $3,500
Murray Hill, New York, NY $3,525 $4,204 $5,600 $4,000
Upper East Side, New York, NY $3,235 $4,395 $5,000 $4,071
Long Island City, New York, NY $3,376 $3,960 $5,890 $4,125
Little Italy, New York, NY $3,750 $4,525 $5,750 $4,200
Financial District, New York, NY $3,670 $4,795 $6,497 $4,300
Fort Greene, New York, NY $3,500 $4,625 $5,665 $4,300
Hell's Kitchen, New York, NY $3,562 $4,142 $6,155 $4,375
Kips Bay, New York, NY $3,878 $3,995 $5,520 $4,385
Downtown Brooklyn, New York, NY $3,560 $4,300 $5,821 $4,395
Midtown East, New York, NY $3,600 $4,600 $6,200 $4,600
Upper West Side, New York, NY $3,317 $4,700 $6,979 $4,660
Hudson Yards, New York, NY $3,675 $4,821 $6,995 $4,795
Greenpoint, New York, NY $3,529 $4,304 $5,800 $4,884
Chelsea, New York, NY $4,025 $5,717 $8,000 $4,900
Midtown, New York, NY $3,675 $4,325 $6,504 $4,950
East Village, New York, NY $2,795 $3,995 $5,495 $5,195
Williamsburg, New York, NY $3,659 $5,095 $5,123 $5,250
West Village, New York, NY $4,195 $5,300 $6,750 $5,300
Lower East Side, New York, NY $3,750 $4,900 $5,395 $5,348
Stuyvesant Town - Peter Cooper Village, New York, NY N/A $5,067 $6,189 $5,377
Greenwich Village, New York, NY $4,200 $5,600 $5,230 $5,400
NoLita, New York, NY $3,950 $5,495 $6,495 $5,495
Flatiron District, New York, NY $4,200 $6,000 $9,071 $5,600
SoHo, New York, NY $3,850 $5,750 $5,895 $5,750
NoMad, New York, NY $4,464 $5,686 $8,294 $5,980
Gramercy Park, New York, NY $4,095 $4,925 $6,234 $6,188
Tribeca, New York, NY $4,582 $6,499 $7,148 $6,773

Top Counties Near Midtown South

There are a total of 46 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 $3,975. That's roughly around $3 per sqft. A total of 22 counties have a lower average rent. The county that is the most affordable is Bridgeport, CT. It's average rent per month is $2,100. Vice versa, with an average rent of $8,500, Westport, CT is the most expensive county by Midtown South, New York, NY.

Typically, rent for studios in Midtown South, New York, NY is 54.94% more expensive than other counties nearby. In comparison, rent for one bedroom listings in Midtown South, New York, NY is 46.45% more expensive than other counties nearby. Finally, rent for two bedrooms in Midtown South, New York, NY is 56.95% 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 $2,050 $2,250 $3,200 $2,800
Bronx, New York, NY $2,300 $2,578 $3,027 $3,150
Queens, New York, NY $3,000 $2,700 $3,205 $3,255
Glen Cove, NY $2,550 $3,150 $3,450 $3,345
Hempstead, NY $2,000 $2,675 $3,270 $3,800
Brooklyn, New York, NY $3,495 $3,795 $4,159 $3,881
Long Beach, NY $2,150 $2,750 $3,600 $3,975
North Hempstead, NY $1,900 $3,200 $3,939 $4,200
New Rochelle, NY $2,360 $3,000 $4,450 $4,250
Manhattan, New York, NY $3,610 $4,500 $5,895 $4,600

Top Zipcodes Near Midtown South

There are a total of 3 zipcodes in or near Midtown South, New York, NY. The average rent for all of these zipcodes is $3,900. A total of 3 zipcodes have a average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 11375, New York, NY at $3,255 per month. In comparison, the zipcode with the most expensive average rent of $4,516 per month is 10023, New York, NY.

Studios in these zipcodes have an average rent of $3,295. That's at least $8 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 $4,355 per month. Or in other words, $7 per sqft. Meanwhile, two bedroom apartments will cost you an average of $5,638 per month. Which comes out to $7 per sqft. The following chart includes the top 3 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 $3,450 $4,925 $8,479 $4,516
10128, New York, NY $3,295 $4,355 $5,638 $3,900
11375, New York, NY $2,300 $3,000 $3,793 $3,255

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 $3,995 and an average price per square feet of $7.97. There are a total of 35 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 $4,995 and an average price per square feet of $7.85. There are a total of 40 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 $7,595 and an average price per square feet of $4.67. There are a total of 20 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 0.11%, one bedroom rental prices have changed by 0.02%, two bedroom rental prices have changed by 0.09%, and three bedroom rental prices have changed by 0.15% 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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