Average Rent in New York

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Current Versus Historical New York Rents

New York rentals average $3,413 for a studio rental to $7,777 for a 4-bedroom rental. The median price of all currently available listings is $4,095, or roughly $5 per square feet.
For the apartment units and housing in January 2025, median rents have fallenover the last year. Studio rentals prices have increased by $63 (1.92%) year-over-year from $3,287 to $3,350. 1-bedroom rentals prices have decreased by $258 (-6.43%) year-over-year from $4,008 to $3,750. 2-bedroom rentals prices have decreased by $811 (-16.18%) year-over-year from $5,011 to $4,200. 3-bedroom rentals prices have decreased by $1,272 (-22.83%) year-over-year from $5,572 to $4,300. 4-bedroom rentals prices have increased by $687 (10.08%) year-over-year from $6,813 to $7,500. 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 down by 0.45% this month. 1-bedroom rents have gone down by 5.02% this month. 2-bedroom rents have gone down by 11.58% this month. 3-bedroom rents have gone down by 15.66% this month. 4-bedroom rents have gone up by 0.02% this month.
Beds
Price / Sqft
Jan 2025 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
Studio $7.69 $3,350 $3,287 (1.92%) $2,647 (26.57%)
1 BR $6.00 $3,750 $4,008 (-6.43%) $3,398 (10.37%)
2 BR $4.32 $4,200 $5,011 (-16.18%) $3,951 (6.29%)
3 BR $3.15 $4,300 $5,572 (-22.83%) $4,547 (-5.42%)
4+ BR $3.53 $7,500 $6,813 (10.08%) $5,967 (25.70%)

Historical Rents in New York

Studio
1 Bed
2 Bed
3 Bed
4 Bed

Top Cities Near New York

There are a total of 43 cities nearby New York. The average rent in New York is currently $2,800 per month. A total of 38 cities nearby have an average rent lower than that. Our records show that Toledo, OH, with an average rent of $825, is the most affordable city nearby. In contrast, the most expensive city near New York is Hampton Bays, NY. Monthly rents here are on average $22,250 per month.

Let's compare New York's rent against other top cities nearby by bedroom size. Typically, rent for studios in New York is 59.05% more expensive than other cities nearby. One bedrooms are about 45.00% more expensive. Two bedrooms in New York are about 37.76% more expensive. Finally, rent for three bedrooms are about 29.17% more expensive. Want more information? Check out the top 10 cities out of 43 total cities near New York in the following chart.
City Studio 1 Bed 2 Bed All
Scranton, PA $848 $1,095 $1,300 $1,325
Allentown, PA $950 $1,100 $1,500 $1,575
Waterbury, CT $1,000 $1,200 $1,600 $1,600
Buffalo, NY $1,150 $1,400 $1,700 $1,625
Bethlehem, PA N/A $1,350 $1,875 $1,800
Saratoga Springs, NY $1,398 $1,433 $2,150 $2,500
Yonkers, NY $1,850 $2,125 $2,638 $2,800
Stamford, CT $2,150 $2,300 $2,978 $3,000
White Plains, NY $2,250 $2,690 $3,600 $3,598
Harrison, NY $2,775 $3,015 $4,244 $4,468

Top Neighborhoods Near New York

There are a total of 69 neighborhoods in or near New York. Some of these neighborhoods include North Philadelphia East, Center City East, and Flatbush. We've included the top 30 neighborhoods out of 69 total neighborhoods in or near New York in the following chart.

The average rent for these 30 neighborhoods in or near New York is currently around $4,000 per month. A total of 37 neighborhoods have a lower average rent. Out of all the neighborhoods in or near New York, North Philadelphia East has the most affordable average rent at $1,600 per month. Whereas, at $11,500 average rent per month, SoHo is the most expensive neighborhood in or near New York. View the following chart for more information.
Neighborhood Studio 1 Bed 2 Bed All
North Philadelphia East, Philadelphia, PA $1,155 $1,324 $1,597 $1,600
Center City East, Philadelphia, PA $1,573 $1,800 $2,705 $2,125
Flatbush, New York, NY $2,600 $2,750 $3,114 $3,000
Bedford-Stuyvesant, New York, NY $2,600 $2,995 $3,100 $3,199
East Harlem, New York, NY $3,600 $2,950 $3,096 $3,225
Harlem, New York, NY $2,995 $2,895 $3,195 $3,436
Bushwick, New York, NY $2,748 $2,975 $3,354 $3,449
Crown Heights, New York, NY $2,852 $3,196 $3,800 $3,499
West Harlem, New York, NY $2,195 $2,850 $3,250 $3,575
Murray Hill, New York, NY $3,350 $4,217 $6,300 $3,990
Upper East Side, New York, NY $3,275 $4,100 $5,373 $4,000
Long Island City, New York, NY $3,269 $3,776 $5,633 $4,029
Hell's Kitchen, New York, NY $3,440 $4,065 $5,500 $4,200
Financial District, New York, NY $3,508 $4,426 $6,250 $4,225
Prospect Heights, New York, NY $3,598 $4,395 $5,263 $4,350
Downtown Brooklyn, New York, NY $3,447 $4,200 $5,700 $4,438
East Village, New York, NY $2,750 $3,750 $4,495 $4,495
Kips Bay, New York, NY $3,685 $4,125 $5,495 $4,495
Little Italy, New York, NY $3,250 $4,500 $4,625 $4,500
Midtown East, New York, NY $3,325 $4,413 $6,075 $4,550
Hudson Yards, New York, NY $3,485 $4,422 $6,495 $4,565
Lower East Side, New York, NY $3,413 $3,850 $4,595 $4,623
Williamsburg, New York, NY $3,828 $4,661 $5,202 $4,922
West Village, New York, NY $4,850 $5,100 $6,495 $5,000
Chelsea, New York, NY $3,813 $5,499 $7,495 $5,000
Upper West Side, New York, NY $3,238 $4,500 $7,009 $5,000
Midtown, New York, NY $3,655 $4,274 $6,695 $5,200
Greenwich Village, New York, NY $4,000 $5,800 $6,850 $5,400
Gramercy Park, New York, NY $3,750 $5,515 $5,160 $5,498
NoMad, New York, NY $4,407 $5,676 $8,294 $5,725

Top Counties Near New York

There are a total of 69 counties located by New York. Some of these counties include Lackawanna, PA, Erie, NY, and Lehigh, PA. The average rent for rentals in these counties is $2,788. That's roughly around $2 per sqft. A total of 39 counties have a lower average rent. The county that is the most affordable is Lackawanna, PA. It's average rent per month is $1,350. Vice versa, with an average rent of $4,495, New York, NY is the most expensive county by New York.

Typically, rent for studios in New York is 51.58% more expensive than other counties nearby. In comparison, rent for one bedroom listings in New York is 50.31% more expensive than other counties nearby. Finally, rent for two bedrooms in New York is 43.38% more expensive than other counties nearby. We've listed the top 10 counties in the chart below.
County Studio 1 Bed 2 Bed All
Lackawanna, PA $848 $1,100 $1,350 $1,350
Erie, NY $1,150 $1,398 $1,700 $1,745
Lehigh, PA $895 $1,195 $1,600 $1,838
Northampton, PA $475 $1,325 $1,825 $1,863
Hartford, CT $1,475 $1,750 $1,850 $1,950
Fairfield, CT $1,350 $1,950 $2,500 $2,500
Litchfield, CT N/A $1,850 $1,800 $2,950
Morris, NJ $1,700 $2,075 $2,950 $3,125
Bergen, NJ $1,723 $2,075 $3,000 $3,250
Westchester, NY $2,100 $2,600 $3,500 $3,773

Top Zipcodes Near New York

There are a total of 11 zipcodes in or near New York. The average rent for all of these zipcodes is $3,000. A total of 8 zipcodes have a average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 19104, Philadelphia, PA at $1,950 per month. In comparison, the zipcode with the most expensive average rent of $5,195 per month is 10023, New York, NY.

Studios in these zipcodes have an average rent of $2,500. 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 New York is $2,695 per month. Or in other words, $3 per sqft. Meanwhile, two bedroom apartments will cost you an average of $3,426 per month. Which comes out to $3 per sqft. The following chart includes the top 10 zipcodes in New York. You can view the average rent breakdown for each zipcode by bedroom size.
Zipcode Studio 1 Bed 2 Bed All
10128, New York, NY $3,349 $4,200 $5,975 $3,850
10023, New York, NY $3,162 $5,070 $8,295 $5,195
19104, Philadelphia, PA $1,050 $2,296 $1,740 $1,950
02128, Boston, MA $2,100 $2,400 $3,000 $2,850
22201, Arlington, VA $1,855 $2,501 $3,426 $2,574
02116, Boston, MA $2,875 $3,300 $5,750 $4,200
11375, New York, NY $2,680 $3,240 $3,500 $3,260
02118, Boston, MA $400 $3,365 $4,500 $4,155
10035, New York, NY $2,250 $2,695 $3,250 $2,985
02472, Watertown Town, MA $2,678 $2,613 $3,000 $3,000

Frequently Asked Questions - New York Average Rents

What is the average rent price in New York?
The average monthly rental price for New York apartments for rent is approximately $4,095. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.
Do New York 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 New York.
How much is a studio apartment in New York?
The average monthly rental price for studio apartments is $3,413 and an average price per square feet of $7.69. There are a total of 3,746 studio apartment listings currently available for rent in New York.
How much is a one bedroom apartment in New York?
The average monthly rental price for one bedroom apartments is $4,000 and an average price per square feet of $6.00. There are a total of 7,239 one bedroom apartment listings currently available for rent in New York.
How much is a two bedroom apartment in New York?
The average monthly rental price for two bedroom apartments is $4,579 and an average price per square feet of $4.32. There are a total of 6,092 two bedroom apartment listings currently available for rent in New York.
How have rent prices in New York changed this year?
Rent prices for rentals in New York can fluctuate yearly. Specifically, studio rental prices have changed by 0.02%, one bedroom rental prices have changed by -0.06%, two bedroom rental prices have changed by -0.16%, and three bedroom rental prices have changed by -0.23% year-over-year.
What is a reasonable rent price in New York?
A reasonable rent price in New York is around $3,276/month. You can search for these reasonably priced rental listings on RentHop.
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