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 $11,979 for a 4-bedroom rental. The median price of all currently available listings is $4,582, or roughly $7 per square feet.
For the apartment units and housing in January 2025, median rents have been roughly unchanged over the last year. Studio rentals prices have increased by $338 (9.35%) year-over-year from $3,617 to $3,955. 1-bedroom rentals prices have increased by $82 (1.70%) year-over-year from $4,857 to $4,939. 2-bedroom rentals prices have increased by $453 (6.57%) year-over-year from $6,900 to $7,353. 3-bedroom rentals prices have decreased by $891 (-11.15%) year-over-year from $7,991 to $7,100. 4-bedroom rentals prices have increased by $9,085 (79.59%) year-over-year from $11,415 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 4.07% this month. 1-bedroom rents have gone down by 0.42% this month. 2-bedroom rents have gone up by 5.00% this month. 3-bedroom rents have gone up by 0.97% this month. 4-bedroom rents have gone up by 72.03% this month.
Beds
Price / Sqft
Jan 2025 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
Studio $6.63 $3,955 $3,617 (9.35%) $3,286 (20.37%)
1 BR $6.82 $4,939 $4,857 (1.70%) $4,544 (8.70%)
2 BR $6.31 $7,353 $6,900 (6.57%) $5,417 (35.75%)
3 BR N/A $7,100 $7,991 (-11.15%) $5,657 (25.52%)
4+ BR $5.00 $20,500 $11,415 (79.59%) $7,197 (184.85%)

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 19 cities nearby Midtown South. The average rent in Midtown South is currently $3,800 per month. A total of 14 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 Ocean Beach, NY. Monthly rents here are on average $8,500 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 55.12% more expensive than other cities nearby. One bedrooms are about 41.62% more expensive. Two bedrooms in Midtown South, New York, NY are about 52.30% more expensive. Finally, rent for three bedrooms are about 57.89% more expensive. Want more information? Check out the top 10 cities out of 19 total cities near Midtown South, New York, NY in the following chart.
City Studio 1 Bed 2 Bed All
Yonkers, NY $1,913 $2,325 $2,750 $2,750
Stamford, CT $2,050 $2,285 $3,000 $3,000
White Plains, NY $2,138 $2,700 $3,575 $3,500
Glen Cove, NY $2,550 $3,200 $3,600 $3,525
Long Beach, NY $1,998 $2,595 $3,500 $3,600
Oakhurst, NJ N/A N/A N/A $3,800
Long Branch, NJ N/A $3,100 $4,275 $4,200
New York, NY $3,451 $4,200 $5,263 $4,275
New Rochelle, NY $2,340 $3,150 $4,394 $4,298
Harrison, NY $2,745 $2,980 $4,093 $4,500

Top Neighborhoods Near Midtown South

There are a total of 57 neighborhoods in or near Midtown South. Some of these neighborhoods include Bowery, Murray Hill, and Long Island City. We've included the top 30 neighborhoods out of 57 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 $4,269 per month. A total of 36 neighborhoods have a lower average rent. Out of all the neighborhoods in or near Midtown South, Brooklawn - St. Vincent has the most affordable average rent at $1,850 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
Bowery, New York, NY $2,800 $3,450 $5,295 $3,500
Murray Hill, New York, NY $3,400 $4,400 $6,650 $4,000
Long Island City, New York, NY $3,300 $3,890 $5,800 $4,050
Upper East Side, New York, NY $3,350 $4,129 $5,495 $4,055
Little Italy, New York, NY $3,250 $4,250 $5,495 $4,250
Hell's Kitchen, New York, NY $3,424 $4,000 $5,672 $4,269
Financial District, New York, NY $3,531 $4,600 $6,500 $4,352
Downtown Brooklyn, New York, NY $3,368 $4,298 $5,818 $4,400
East Village, New York, NY $2,750 $3,695 $4,495 $4,495
Upper West Side, New York, NY $3,098 $4,467 $6,988 $4,531
Kips Bay, New York, NY $3,842 $3,995 $5,340 $4,563
Lower East Side, New York, NY $3,413 $3,195 $4,695 $4,695
NoLita, New York, NY N/A $4,595 $5,495 $4,695
Brooklyn Heights, New York, NY $3,400 $4,301 $10,900 $4,700
Greenpoint, New York, NY $3,687 $4,265 $5,700 $4,750
Williamsburg, New York, NY $3,761 $4,680 $5,400 $4,770
Hudson Yards, New York, NY $3,630 $4,624 $6,973 $4,800
Midtown East, New York, NY $3,495 $4,540 $6,075 $5,000
Stuyvesant Town - Peter Cooper Village, New York, NY N/A $5,047 $6,054 $5,113
Chelsea, New York, NY $3,910 $5,586 $7,500 $5,256
DUMBO, New York, NY $3,600 $5,070 $7,725 $5,300
Midtown, New York, NY $3,700 $4,595 $6,975 $5,400
West Village, New York, NY $4,500 $5,500 $6,495 $5,500
Flatiron District, New York, NY $4,650 $5,600 $10,449 $5,600
Greenwich Village, New York, NY $3,548 $5,500 $7,408 $5,650
NoMad, New York, NY $4,444 $5,662 $8,778 $5,724
Gramercy Park, New York, NY $3,750 $5,550 $5,495 $5,795
Battery Park City, New York, NY $4,550 $5,272 $8,995 $6,130
SoHo, New York, NY $3,323 $4,595 $12,995 $7,500
Tribeca, New York, NY $4,510 $6,900 $8,699 $7,995

Top Counties Near Midtown South

There are a total of 57 counties located by Midtown South, New York, NY. Some of these counties include Woodbridge, NJ, Yonkers, NY, and Bronx, New York, NY. The average rent for rentals in these counties is $3,600. That's roughly around $3 per sqft. A total of 24 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, 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 51.64% more expensive than other counties nearby. In comparison, rent for one bedroom listings in Midtown South, New York, NY is 43.89% more expensive than other counties nearby. Finally, rent for two bedrooms in Midtown South, New York, NY is 54.73% more expensive than other counties nearby. We've listed the top 10 counties in the chart below.
County Studio 1 Bed 2 Bed All
Woodbridge, NJ N/A $1,863 $2,500 $2,700
Yonkers, NY $1,913 $2,325 $2,750 $2,750
Bronx, New York, NY $2,200 $2,575 $3,000 $3,000
Queens, New York, NY $2,901 $2,967 $3,322 $3,259
Glen Cove, NY $2,550 $3,200 $3,600 $3,525
Long Beach, NY $1,998 $2,595 $3,500 $3,600
Brooklyn, New York, NY $3,450 $3,700 $4,250 $3,850
New Rochelle, NY $2,340 $3,150 $4,394 $4,298
Manhattan, New York, NY $3,495 $4,495 $5,895 $4,584
North Hempstead, NY N/A $3,250 $4,000 $4,723

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 $3,250. 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 10035, New York, NY at $2,977 per month. In comparison, the zipcode with the most expensive average rent of $4,950 per month is 10023, New York, NY.

Studios in these zipcodes have an average rent of $2,748. 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 $2,900 per month. Or in other words, $4 per sqft. Meanwhile, two bedroom apartments will cost you an average of $3,680 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 $3,150 $4,950 $8,020 $4,950
10128, New York, NY $3,350 $4,100 $5,515 $3,800
10035, New York, NY $2,299 $2,822 $3,200 $2,977
11375, New York, NY $2,748 $2,900 $3,680 $3,250
10463, New York, NY $2,600 $2,685 $3,289 $3,125

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 $4,582. 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 $6.63. There are a total of 61 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 $4,625 and an average price per square feet of $6.82. There are a total of 57 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 $7,338 and an average price per square feet of $6.31. There are a total of 29 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 0.09%, one bedroom rental prices have changed by 0.02%, two bedroom rental prices have changed by 0.07%, and three bedroom rental prices have changed by -0.11% 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 $3,666/month. You can search for these reasonably priced rental listings on RentHop.
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