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 $3,895 for a studio rental to $10,445 for a 3-bedroom rental. The median price of all currently available listings is $4,500, or roughly $7 per square feet.
For the apartment units and housing in March 2025, median rents have risen substantially over the last year. Studio rentals prices have increased by $1,130 (31.34%) year-over-year from $3,607 to $4,737. 1-bedroom rentals prices have increased by $1,247 (25.36%) year-over-year from $4,915 to $6,162. 2-bedroom rentals prices have decreased by $73 (-1.04%) year-over-year from $6,973 to $6,900. 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 $5,584 (45.90%) year-over-year from $12,166 to $17,750. 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 up by 13.76% this month. 1-bedroom rents have gone up by 15.49% this month. 2-bedroom rents have gone down by 1.90% this month. 3-bedroom rents have gone up by 9.62% this month. 4-bedroom rents have gone down by 1.39% this month.
Beds
Price / Sqft
Mar 2025 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
Studio $7.68 $4,737 $3,607 (31.34%) $3,497 (35.45%)
1 BR $6.94 $6,162 $4,915 (25.36%) $4,690 (31.39%)
2 BR $6.95 $6,900 $6,973 (-1.04%) $6,244 (10.50%)
3 BR N/A $9,500 $8,254 (15.09%) $5,457 (74.10%)

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 $4,200 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 $2,200, 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 65.98% more expensive than other cities nearby. One bedrooms are about 46.81% more expensive. Two bedrooms in Midtown South, New York, NY are about 29.41% more expensive. Finally, rent for three bedrooms are about 55.48% 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 $2,050 $2,400 $3,100 $2,800
Stamford, CT $2,125 $2,275 $2,850 $2,825
Asbury Park, NJ $2,200 $2,350 $3,750 $3,350
Glen Cove, NY $2,550 $3,200 $3,600 $3,498
Long Beach, NY $2,000 $2,500 $3,500 $3,650
Harrison, NY $2,690 $2,990 $4,088 $4,073
Long Branch, NJ N/A $3,000 $3,500 $4,200
Oakhurst, NJ N/A N/A N/A $4,200
New Rochelle, NY $2,799 $3,050 $4,379 $4,259
New York, NY $3,500 $4,275 $5,477 $4,300

Top Neighborhoods Near Midtown South

There are a total of 53 neighborhoods in or near Midtown South. Some of these neighborhoods include Astoria, Bowery, and Long Island City. We've included the top 30 neighborhoods out of 53 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 32 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 $2,271 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 $2,600 $3,000 $3,575 $3,200
Bowery, New York, NY $2,800 $3,500 $3,500 $3,450
Long Island City, New York, NY $3,300 $3,891 $5,834 $4,022
Upper East Side, New York, NY $3,437 $4,183 $5,200 $4,149
Murray Hill, New York, NY $3,475 $4,550 $6,607 $4,177
Little Italy, New York, NY $3,500 $4,000 $5,000 $4,200
Hell's Kitchen, New York, NY $3,500 $4,012 $6,000 $4,269
Downtown Brooklyn, New York, NY $3,418 $4,249 $5,818 $4,383
Financial District, New York, NY $3,545 $4,698 $6,350 $4,415
Kips Bay, New York, NY $3,850 $3,995 $5,505 $4,436
East Village, New York, NY $2,995 $3,795 $4,996 $4,500
Upper West Side, New York, NY $3,222 $4,500 $6,717 $4,611
Brooklyn Heights, New York, NY $3,550 $4,234 $7,960 $4,695
Greenpoint, New York, NY $3,396 $4,250 $5,725 $4,893
Hudson Yards, New York, NY $3,706 $4,824 $6,795 $4,917
Midtown East, New York, NY $3,450 $4,600 $6,075 $4,950
Williamsburg, New York, NY $3,859 $4,802 $5,291 $4,995
NoLita, New York, NY N/A $4,995 $5,495 $4,995
Midtown, New York, NY $3,696 $4,512 $6,943 $5,000
West Village, New York, NY $3,800 $5,200 $6,650 $5,200
Stuyvesant Town - Peter Cooper Village, New York, NY N/A $5,037 $6,075 $5,225
Lower East Side, New York, NY $3,995 $3,995 $5,495 $5,398
Chelsea, New York, NY $4,167 $5,595 $7,850 $5,398
Flatiron District, New York, NY $4,200 $5,925 $8,642 $5,600
Greenwich Village, New York, NY $4,225 $5,700 $5,500 $5,650
Battery Park City, New York, NY $3,750 $4,800 $8,650 $5,650
NoMad, New York, NY $4,448 $5,721 $8,294 $5,764
Gramercy Park, New York, NY $3,883 $5,625 $5,895 $5,895
SoHo, New York, NY $3,749 $4,498 $11,950 $7,000
Tribeca, New York, NY $4,650 $6,243 $8,782 $7,900

Top Counties Near Midtown South

There are a total of 53 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 $3,765. That's roughly around $3 per sqft. A total of 23 counties have a lower average rent. The county that is the most affordable is Bridgeport, CT. It's average rent per month is $2,200. 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 48.72% more expensive than other counties nearby. In comparison, rent for one bedroom listings in Midtown South, New York, NY is 43.14% more expensive than other counties nearby. Finally, rent for two bedrooms in Midtown South, New York, NY is 32.35% 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 $2,400 $3,100 $2,800
Bronx, New York, NY $2,200 $2,595 $3,027 $3,125
Queens, New York, NY $3,000 $2,900 $3,398 $3,270
Glen Cove, NY $2,550 $3,200 $3,600 $3,498
Hempstead, NY $2,000 $2,500 $3,400 $3,648
Long Beach, NY $2,000 $2,500 $3,500 $3,650
Brooklyn, New York, NY $3,411 $3,895 $4,300 $3,959
North Hempstead, NY $2,500 $3,200 $3,950 $4,250
New Rochelle, NY $2,799 $3,050 $4,379 $4,259
Manhattan, New York, NY $3,550 $4,500 $5,900 $4,600

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 $3,125. 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 11375, New York, NY at $2,961 per month. In comparison, the zipcode with the most expensive average rent of $4,997 per month is 10023, New York, NY.

Studios in these zipcodes have an average rent of $2,660. 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 $2,685 per month. Or in other words, $4 per sqft. Meanwhile, two bedroom apartments will cost you an average of $3,600 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 $3,252 $5,150 $8,419 $4,997
10128, New York, NY $3,500 $4,150 $5,644 $3,997
10035, New York, NY $2,531 $2,550 $3,000 $3,063
11375, New York, NY $2,660 $2,650 $3,600 $2,961
10463, New York, NY $2,175 $2,685 $3,450 $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 $4,500. 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 $3,895 and an average price per square feet of $7.68. There are a total of 47 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 $4,700 and an average price per square feet of $6.94. There are a total of 59 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 $5,100 and an average price per square feet of $6.95. There are a total of 23 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 0.31%, one bedroom rental prices have changed by 0.25%, two bedroom rental prices have changed by -0.01%, 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 $3,600/month. You can search for these reasonably priced rental listings on RentHop.
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