Average Rent in Murray Hill, New York, NY

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Current Versus Historical Murray Hill, New York, NY Rents

Murray Hill rentals average $3,325 for a studio rental to $11,500 for a 4-bedroom rental. The median price of all currently available listings is $3,900, 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 $100 (3.08%) year-over-year from $3,250 to $3,350. 1-bedroom rentals prices have increased by $85 (2.03%) year-over-year from $4,203 to $4,288. 2-bedroom rentals prices have increased by $559 (9.03%) year-over-year from $6,191 to $6,750. 3-bedroom rentals prices have decreased by $87 (-1.15%) year-over-year from $7,609 to $7,522. 4-bedroom rentals prices have decreased by $1,965 (-14.87%) year-over-year from $13,215 to $11,250. 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 1.23% this month. 1-bedroom rents have gone down by 0.11% this month. 2-bedroom rents have gone up by 2.08% this month. 3-bedroom rents have gone up by 6.36% this month. 4-bedroom rents have gone up by 14.64% this month.
Beds
Price / Sqft
Dec 2024 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
Studio $8.00 $3,350 $3,250 (3.08%) $2,850 (17.54%)
1 BR $6.45 $4,288 $4,203 (2.03%) $3,740 (14.65%)
2 BR $5.90 $6,750 $6,191 (9.03%) $5,341 (26.37%)
3 BR $5.70 $7,522 $7,609 (-1.15%) $11,023 (-31.76%)
4+ BR $5.18 $11,250 $13,215 (-14.87%) $8,228 (36.72%)

Historical Rents in Murray Hill, New York, NY

Studio
1 Bed
2 Bed
3 Bed
4 Bed

Top Cities Near Murray Hill

There are a total of 17 cities nearby Murray Hill. The average rent in Murray Hill is currently $3,500 per month. A total of 10 cities nearby have an average rent lower than that. Our records show that Bridgeport, CT, with an average rent of $2,175, is the most affordable city nearby. In contrast, the most expensive city near Murray Hill, New York, NY is Spring Lake, NJ. Monthly rents here are on average $10,000 per month.

Let's compare Murray Hill, New York, NY's rent against other top cities nearby by bedroom size. Typically, rent for studios in Murray Hill, New York, NY is 47.37% more expensive than other cities nearby. One bedrooms are about 38.01% more expensive. Two bedrooms in Murray Hill, New York, NY are about 45.42% more expensive. Finally, rent for three bedrooms are about 44.45% more expensive. Want more information? Check out the top 10 cities out of 17 total cities near Murray Hill, New York, NY in the following chart.
City Studio 1 Bed 2 Bed All
West Babylon, NY $2,970 $2,425 $3,000 $2,495
Asbury Park, NJ $1,750 $2,200 $2,800 $2,750
Stamford, CT $2,009 $2,253 $2,950 $2,828
Yonkers, NY $1,900 $2,175 $2,663 $2,843
White Plains, NY $2,250 $2,625 $3,548 $3,300
Long Beach, NY $1,925 $2,573 $3,350 $3,500
Long Branch, NJ N/A $3,100 $3,750 $3,899
New York, NY $3,402 $4,155 $5,000 $4,200
New Rochelle, NY $1,800 $2,850 $4,419 $4,349
Harrison, NY $2,775 $3,015 $4,197 $4,370

Top Neighborhoods Near Murray Hill

There are a total of 56 neighborhoods in or near Murray Hill. Some of these neighborhoods include Astoria, Bowery, and Long Island City. We've included the top 30 neighborhoods out of 56 total neighborhoods in or near Murray Hill, New York, NY in the following chart.

The average rent for these 30 neighborhoods in or near Murray Hill, New York, NY is currently around $4,303 per month. A total of 21 neighborhoods have a lower average rent. Meaning, only nine neighborhoods have a higher average rent than $4,303. Interestingly, the neighborhoods' average rent is higher than Murray Hill's average rent, which is only $3,900. Out of all the neighborhoods in or near Murray Hill, East Side has the most affordable average rent at $2,226 per month. Whereas, at $12,000 average rent per month, SoHo is the most expensive neighborhood in or near Murray Hill. View the following chart for more information.
Neighborhood Studio 1 Bed 2 Bed All
Astoria, New York, NY $2,440 $2,650 $3,500 $3,050
Bowery, New York, NY $2,800 $3,450 $4,995 $3,899
Long Island City, New York, NY $3,282 $3,750 $5,733 $3,900
NoHo, New York, NY $3,798 $4,150 $14,500 $4,000
Upper East Side, New York, NY $3,338 $4,052 $5,000 $4,000
Hell's Kitchen, New York, NY $3,440 $4,060 $5,178 $4,180
Financial District, New York, NY $3,471 $4,450 $6,150 $4,219
Downtown Brooklyn, New York, NY $3,425 $4,125 $5,725 $4,307
NoLita, New York, NY $9,848 $3,900 $5,495 $4,445
Kips Bay, New York, NY $3,658 $4,185 $5,505 $4,495
East Village, New York, NY $2,995 $3,850 $4,495 $4,495
Midtown East, New York, NY $3,325 $4,460 $6,075 $4,525
Hudson Yards, New York, NY $3,490 $4,490 $6,495 $4,650
Williamsburg, New York, NY $3,821 $4,600 $4,941 $4,690
Lower East Side, New York, NY $3,413 $4,623 $4,750 $4,750
Midtown South, New York, NY $3,955 $4,800 $7,580 $4,800
Upper West Side, New York, NY $2,970 $4,450 $6,955 $4,850
Greenpoint, New York, NY $3,483 $4,395 $5,500 $4,920
West Village, New York, NY $4,550 $4,950 $6,650 $4,950
Little Italy, New York, NY $3,250 $4,225 $4,850 $5,000
Stuyvesant Town - Peter Cooper Village, New York, NY N/A $4,971 $6,054 $5,084
Gramercy Park, New York, NY $3,750 $5,295 $5,119 $5,147
Midtown, New York, NY $3,639 $4,382 $6,750 $5,265
Chelsea, New York, NY $3,825 $5,497 $7,500 $5,320
Greenwich Village, New York, NY $4,000 $6,150 $6,130 $5,400
Battery Park City, New York, NY $3,902 $4,569 $8,098 $5,600
Flatiron District, New York, NY $4,648 $5,650 $10,500 $5,613
NoMad, New York, NY $4,328 $5,686 $8,200 $5,686
Tribeca, New York, NY $4,552 $5,891 $8,566 $7,848
SoHo, New York, NY $6,250 $5,000 $13,500 $12,000

Top Counties Near Murray Hill

There are a total of 56 counties located by Murray Hill, 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 21 counties have a lower average rent. The county that is the most affordable is Bridgeport, CT. It's average rent per month is $2,175. Vice versa, with an average rent of $10,000, Spring Lake, NJ is the most expensive county by Murray Hill, New York, NY.

Typically, rent for studios in Murray Hill, New York, NY is 46.62% more expensive than other counties nearby. In comparison, rent for one bedroom listings in Murray Hill, New York, NY is 38.55% more expensive than other counties nearby. Finally, rent for two bedrooms in Murray Hill, New York, NY is 49.62% 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 $2,175 $2,663 $2,843
Bronx, New York, NY $2,000 $2,575 $3,068 $3,060
Queens, New York, NY $2,767 $2,778 $3,450 $3,243
Long Beach, NY $1,925 $2,573 $3,350 $3,500
Hempstead, NY $2,000 $2,500 $3,100 $3,500
Brooklyn, New York, NY $3,400 $3,641 $4,200 $3,875
Greenburgh, NY $2,300 $2,600 $3,600 $3,919
New Rochelle, NY $1,800 $2,850 $4,419 $4,349
North Hempstead, NY $2,575 $2,675 $3,913 $4,475
Manhattan, New York, NY $3,475 $4,395 $5,700 $4,495

Top Zipcodes Near Murray Hill

There are a total of 5 zipcodes in or near Murray Hill, New York, NY. The average rent for all of these zipcodes is $3,000. 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 10463, New York, NY at $2,900 per month. In comparison, the zipcode with the most expensive average rent of $4,850 per month is 10023, New York, NY.

Studios in these zipcodes have an average rent of $2,673. 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 Murray Hill, New York, NY is $2,950 per month. Or in other words, $4 per sqft. Meanwhile, two bedroom apartments will cost you an average of $3,350 per month. Which comes out to $4 per sqft. The following chart includes the top 5 zipcodes in Murray Hill, 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 $3,000 $4,595 $8,100 $4,850
10128, New York, NY $3,350 $4,095 $5,685 $3,915
10035, New York, NY $2,250 $2,702 $3,292 $2,957
11375, New York, NY $2,673 $2,950 $3,250 $3,000
10463, New York, NY $2,450 $2,680 $3,350 $2,900

Frequently Asked Questions - Murray Hill Average Rents

What is the average rent price in Murray Hill, New York, NY?
The average monthly rental price for Murray Hill, New York, NY apartments for rent is approximately $3,900. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.
Do Murray Hill, 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 Murray Hill, New York, NY.
How much is a studio apartment in Murray Hill, New York, NY?
The average monthly rental price for studio apartments is $3,325 and an average price per square feet of $8.00. There are a total of 319 studio apartment listings currently available for rent in Murray Hill.
How much is a one bedroom apartment in Murray Hill, New York, NY?
The average monthly rental price for one bedroom apartments is $4,150 and an average price per square feet of $6.45. There are a total of 360 one bedroom apartment listings currently available for rent in Murray Hill.
How much is a two bedroom apartment in Murray Hill, New York, NY?
The average monthly rental price for two bedroom apartments is $6,500 and an average price per square feet of $5.90. There are a total of 130 two bedroom apartment listings currently available for rent in Murray Hill.
How have rent prices in Murray Hill, New York, NY changed this year?
Rent prices for rentals in Murray Hill, New York, NY can fluctuate yearly. Specifically, studio rental prices have changed by 0.03%, 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 -0.01% year-over-year.
What is a reasonable rent price in Murray Hill, New York, NY?
A reasonable rent price in Murray Hill, New York, NY is around $3,120/month. You can search for these reasonably priced rental listings on RentHop.
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