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 $3,750 for a studio rental to $12,500 for a 4-bedroom rental. The median price of all currently available listings is $4,850, or roughly $6 per square feet.

For the apartment units and housing in November 2024, median rents have been roughly unchanged over the last year. Studio rentals prices have increased by $17 (0.45%) year-over-year from $3,733 to $3,750. 1-bedroom rentals prices have increased by $235 (4.83%) year-over-year from $4,865 to $5,100. 2-bedroom rentals prices have increased by $351 (5.28%) year-over-year from $6,647 to $6,998. 3-bedroom rentals prices have decreased by $367 (-4.98%) year-over-year from $7,367 to $7,000. 4-bedroom rentals prices have decreased by $8,748 (-47.29%) year-over-year from $18,498 to $9,750. 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 2.81% this month. 1-bedroom rents have gone up by 2.09% this month. 2-bedroom rents have gone up by 3.53% this month. 3-bedroom rents have gone down by 6.65% this month. 4-bedroom rents have gone up by 15.84% this month.

Beds	Price / Sqft	Nov 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$6.41	$3,750	$3,733 (0.45%)	$3,144 (19.27%)
1 BR	$6.71	$5,100	$4,865 (4.83%)	$4,517 (12.92%)
2 BR	$4.76	$6,998	$6,647 (5.28%)	$6,142 (13.94%)
3 BR	$4.19	$7,000	$7,367 (-4.98%)	$5,590 (25.22%)
4+ BR	$4.90	$9,750	$18,498 (-47.29%)	$6,867 (41.99%)

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 18 cities nearby Midtown South. The average rent in Midtown South 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 Midtown South, New York, NY is Spring Lake, NJ. Monthly rents here are on average $9,000 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 56.03% more expensive than other cities nearby. One bedrooms are about 55.78% more expensive. Two bedrooms in Midtown South, New York, NY are about 57.60% more expensive. Finally, rent for three bedrooms are about 38.17% more expensive. Want more information? Check out the top 10 cities out of 18 total cities near Midtown South, New York, NY in the following chart.

City	Studio	1 Bed	2 Bed	All
West Babylon, NY	N/A	$2,395	$2,935	$2,498
Asbury Park, NJ	$1,650	$2,200	$2,700	$2,650
Yonkers, NY	$2,100	$2,200	$2,850	$2,775
Stamford, CT	$1,900	$2,323	$3,000	$2,950
White Plains, NY	$2,250	$2,650	$3,800	$3,400
Long Beach, NY	$2,025	$2,598	$3,200	$3,500
Glen Cove, NY	$2,550	$3,200	$3,750	$3,650
Long Branch, NJ	N/A	$2,948	$3,750	$3,850
Harrison, NY	$2,575	$2,920	$4,173	$4,197
New York, NY	$3,450	$4,150	$5,000	$4,250

Top Neighborhoods Near Midtown South

There are a total of 61 neighborhoods in or near Midtown South. Some of these neighborhoods include Bowery, Upper East Side, and Murray Hill. We've included the top 30 neighborhoods out of 61 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 $4,276 per month. A total of 42 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 $2,226 per month. Whereas, at $11,000 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
Bowery, New York, NY	$3,000	$3,500	$4,750	$3,956
Upper East Side, New York, NY	$3,225	$3,900	$5,115	$4,000
Murray Hill, New York, NY	$3,425	$4,197	$6,500	$4,057
Long Island City, New York, NY	$3,200	$3,895	$5,860	$4,076
Hell's Kitchen, New York, NY	$3,490	$3,875	$5,229	$4,095
NoHo, New York, NY	$4,000	$4,318	$14,750	$4,133
Financial District, New York, NY	$3,450	$4,500	$6,350	$4,298
NoLita, New York, NY	$3,885	$3,900	$5,495	$4,400
Hudson Yards, New York, NY	$3,613	$4,490	$6,585	$4,444
Midtown East, New York, NY	$3,375	$4,400	$5,983	$4,445
East Village, New York, NY	$2,995	$3,795	$4,495	$4,495
Kips Bay, New York, NY	$3,595	$4,250	$5,360	$4,523
Two Bridges, New York, NY	N/A	$3,848	$4,145	$4,538
Williamsburg, New York, NY	$3,857	$4,600	$5,200	$4,799
Greenwich Village, New York, NY	$4,125	$5,525	$7,900	$4,850
Upper West Side, New York, NY	$3,295	$4,472	$7,250	$4,938
Greenpoint, New York, NY	$3,300	$4,250	$5,856	$4,950
Lower East Side, New York, NY	$3,413	$4,350	$4,795	$4,990
West Village, New York, NY	$4,195	$5,000	$6,750	$5,000
Midtown, New York, NY	$3,611	$4,298	$6,600	$5,000
Stuyvesant Town - Peter Cooper Village, New York, NY	N/A	$4,920	$6,024	$5,037
Little Italy, New York, NY	$3,250	$4,500	$4,400	$5,250
Chelsea, New York, NY	$3,895	$5,678	$7,995	$5,490
Gramercy Park, New York, NY	$3,690	$5,500	$4,995	$5,495
NoMad, New York, NY	$4,329	$5,685	$8,337	$5,795
Flatiron District, New York, NY	$4,300	$5,848	$10,354	$5,889
Battery Park City, New York, NY	$3,975	$4,715	$8,650	$6,285
DUMBO, New York, NY	$3,700	$5,082	$7,069	$6,495
Tribeca, New York, NY	$4,675	$5,891	$8,596	$8,295
SoHo, New York, NY	$3,550	$5,200	$13,950	$11,000

Top Counties Near Midtown South

There are a total of 61 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 $3,400. 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 $9,000, 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 53.67% more expensive than other counties nearby. In comparison, rent for one bedroom listings in Midtown South, New York, NY is 49.75% more expensive than other counties nearby. Finally, rent for two bedrooms in Midtown South, New York, NY is 54.99% 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	$2,850	$2,775
Bronx, New York, NY	$1,838	$2,575	$3,225	$3,100
Queens, New York, NY	$2,890	$2,850	$3,529	$3,275
Long Beach, NY	$2,025	$2,598	$3,200	$3,500
Hempstead, NY	$2,038	$2,500	$3,050	$3,500
Glen Cove, NY	$2,550	$3,200	$3,750	$3,650
Brooklyn, New York, NY	$3,385	$3,700	$4,200	$3,900
Greenburgh, NY	$1,900	$2,700	$3,600	$4,100
Manhattan, New York, NY	$3,479	$4,350	$5,679	$4,495
North Hempstead, NY	$3,000	$2,573	$4,000	$4,550

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 $3,150. A total of 5 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 $4,847 per month is 10023, New York, NY.

Studios in these zipcodes have an average rent of $2,645. 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 $3,000 per month. Or in other words, $4 per sqft. Meanwhile, two bedroom apartments will cost you an average of $3,275 per month. Which comes out to $4 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	$3,398	$4,995	$8,250	$4,847
10128, New York, NY	$3,280	$3,998	$5,115	$3,995
10035, New York, NY	$2,365	$2,700	$3,275	$2,850
11375, New York, NY	$2,645	$3,000	$3,223	$3,150
10463, New York, NY	$1,995	$2,750	$3,250	$2,995

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 $4,850. 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 $3,750 and an average price per square feet of $6.41. There are a total of 34 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 $4,975 and an average price per square feet of $6.71. There are a total of 79 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 $6,998 and an average price per square feet of $4.76. There are a total of 46 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 0.00%, one bedroom rental prices have changed by 0.05%, two bedroom rental prices have changed by 0.05%, and three bedroom rental prices have changed by -0.05% 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 $3,880/month. You can search for these reasonably priced rental listings on RentHop.