Average Rent in New York

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Current Versus Historical New York Rents

New York rentals average $3,500 for a studio rental to $8,700 for a 4-bedroom rental. The median price of all currently available listings is $4,114, or roughly $5 per square feet.
For the apartment units and housing in March 2025, median rents have been roughly unchanged over the last year. Studio rentals prices have increased by $168 (5.05%) year-over-year from $3,332 to $3,500. 1-bedroom rentals prices have increased by $44 (1.08%) year-over-year from $4,063 to $4,107. 2-bedroom rentals prices have decreased by $57 (-1.16%) year-over-year from $4,927 to $4,870. 3-bedroom rentals prices have decreased by $517 (-9.37%) year-over-year from $5,517 to $5,000. 4-bedroom rentals prices have increased by $718 (9.93%) year-over-year from $7,233 to $7,951. 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 1.58% this month. 1-bedroom rents have gone down by 1.24% this month. 2-bedroom rents have gone down by 5.22% this month. 3-bedroom rents have gone down by 10.70% this month. 4-bedroom rents have gone up by 3.52% this month.
Beds
Price / Sqft
Mar 2025 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
Studio $7.45 $3,500 $3,332 (5.05%) $2,857 (22.52%)
1 BR $5.75 $4,107 $4,063 (1.08%) $3,670 (11.91%)
2 BR $3.88 $4,870 $4,927 (-1.16%) $4,182 (16.45%)
3 BR $3.33 $5,000 $5,517 (-9.37%) $4,683 (6.77%)
4+ BR $4.18 $7,951 $7,233 (9.93%) $6,133 (29.64%)

Historical Rents in New York

Studio
1 Bed
2 Bed
3 Bed
4 Bed

Top Cities Near New York

There are a total of 49 cities nearby New York. The average rent in New York is currently $3,000 per month. A total of 41 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 $25,000 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 55.79% more expensive than other cities nearby. One bedrooms are about 45.14% more expensive. Two bedrooms in New York are about 39.48% more expensive. Finally, rent for three bedrooms are about 29.93% more expensive. Want more information? Check out the top 10 cities out of 49 total cities near New York in the following chart.
City Studio 1 Bed 2 Bed All
Scranton, PA N/A $1,075 $1,250 $1,400
Buffalo, NY $950 $1,225 $1,690 $1,600
Allentown, PA $875 $1,073 $1,498 $1,625
Waterbury, CT $1,000 $1,150 $1,650 $1,650
Bethlehem, PA $1,550 $1,450 $2,000 $2,000
Yonkers, NY $2,050 $2,400 $3,148 $2,800
Stamford, CT $1,925 $2,285 $2,975 $2,850
Saratoga Springs, NY $1,500 $1,683 $2,621 $3,009
White Plains, NY $2,050 $2,675 $3,600 $3,049
Harrison, NY $2,690 $2,955 $4,100 $4,094

Top Neighborhoods Near New York

There are a total of 83 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 83 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 $3,625 per month. A total of 52 neighborhoods have a lower average rent. Out of all the neighborhoods in or near New York, Germantown has the most affordable average rent at $1,470 per month. Whereas, at $8,500 average rent per month, Ocean Beach 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 $1,200 $1,500 $1,750 $1,700
Center City East, Philadelphia, PA $1,500 $2,110 $2,548 $2,225
Flatbush, New York, NY $2,550 $2,800 $3,050 $2,950
Bedford-Stuyvesant, New York, NY $2,815 $2,895 $3,000 $3,150
Bushwick, New York, NY $2,795 $3,182 $3,273 $3,375
Harlem, New York, NY $2,500 $2,950 $3,400 $3,453
East Harlem, New York, NY $3,100 $2,995 $3,295 $3,495
Crown Heights, New York, NY $3,050 $3,300 $3,703 $3,500
West Harlem, New York, NY $2,500 $2,850 $3,650 $3,650
Murray Hill, New York, NY $3,475 $4,398 $6,000 $4,000
Long Island City, New York, NY $3,339 $3,866 $5,840 $4,035
Prospect Heights, New York, NY $3,600 $4,190 $5,598 $4,157
Upper East Side, New York, NY $3,395 $4,250 $5,638 $4,168
Financial District, New York, NY $3,616 $4,690 $6,540 $4,378
Downtown Brooklyn, New York, NY $3,503 $4,298 $5,818 $4,398
Kips Bay, New York, NY $3,785 $4,100 $5,505 $4,405
Hell's Kitchen, New York, NY $3,546 $4,142 $6,112 $4,450
Upper West Side, New York, NY $3,227 $4,500 $6,985 $4,600
East Village, New York, NY $2,995 $3,795 $5,495 $4,650
Midtown East, New York, NY $3,400 $4,600 $6,200 $4,713
Hudson Yards, New York, NY $3,700 $4,600 $7,006 $4,755
Williamsburg, New York, NY $3,659 $4,650 $5,266 $4,995
Little Italy, New York, NY $3,500 $4,000 $5,000 $5,000
Midtown, New York, NY $3,696 $4,500 $6,995 $5,050
West Village, New York, NY $3,925 $5,300 $6,725 $5,300
Chelsea, New York, NY $3,895 $5,595 $7,648 $5,306
Greenwich Village, New York, NY $4,200 $5,675 $5,500 $5,400
Lower East Side, New York, NY $3,975 $3,995 $5,495 $5,495
NoMad, New York, NY $4,457 $5,751 $8,316 $5,853
Gramercy Park, New York, NY $4,068 $5,625 $5,925 $5,980

Top Counties Near New York

There are a total of 83 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 $2,725. That's roughly around $2 per sqft. A total of 48 counties have a lower average rent. The county that is the most affordable is Lackawanna, PA. It's average rent per month is $1,400. Vice versa, with an average rent of $4,600, New York, NY is the most expensive county by New York.

Typically, rent for studios in New York is 54.24% more expensive than other counties nearby. In comparison, rent for one bedroom listings in New York is 53.12% more expensive than other counties nearby. Finally, rent for two bedrooms in New York is 47.28% 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 $950 $1,075 $1,300 $1,400
Erie, NY $925 $1,200 $1,700 $1,700
Lehigh, PA $850 $1,100 $1,675 $1,838
Northampton, PA $1,175 $1,300 $1,898 $1,900
Hartford, CT $1,600 $1,700 $1,950 $2,000
Fairfield, CT $1,650 $2,095 $2,500 $2,750
Morris, NJ $1,700 $2,100 $2,900 $3,100
Bergen, NJ $1,900 $2,075 $2,950 $3,195
Westchester, NY $2,050 $2,623 $3,500 $3,500
Litchfield, CT N/A $1,750 $1,750 $4,000

Top Zipcodes Near New York

There are a total of 19 zipcodes in or near New York. The average rent for all of these zipcodes is $2,800. A total of 18 zipcodes have a average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 19144, Philadelphia, PA at $1,470 per month. In comparison, the zipcode with the most expensive average rent of $4,775 per month is 10023, New York, NY.

Studios in these zipcodes have an average rent of $1,768. That's at least $4 per sqft. Do you need more space than that? Average rent for one bedroom rentals for the zipcodes in or near New York is $2,479 per month. Or in other words, $3 per sqft. Meanwhile, two bedroom apartments will cost you an average of $3,150 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 $3,351 $4,250 $5,735 $3,995
10023, New York, NY $3,283 $4,995 $8,500 $4,775
19104, Philadelphia, PA $1,213 $1,743 $1,650 $1,670
02128, Boston, MA $2,230 $2,425 $3,150 $3,000
22201, Arlington, VA $1,973 $2,479 $3,694 $2,608
02116, Boston, MA $2,800 $3,500 $5,500 $3,950
11375, New York, NY $2,475 $2,600 $3,500 $2,972
02118, Boston, MA $2,595 $3,573 $4,250 $3,973
10035, New York, NY $2,531 $2,750 $3,400 $3,200
02472, Watertown Town, MA $2,600 $2,573 $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 $4,114. 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 $3,500 and an average price per square feet of $7.45. There are a total of 4,293 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 $4,010 and an average price per square feet of $5.75. There are a total of 8,249 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 $4,695 and an average price per square feet of $3.88. There are a total of 6,368 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 0.05%, one bedroom rental prices have changed by 0.01%, two bedroom rental prices have changed by -0.01%, and three bedroom rental prices have changed by -0.09% year-over-year.
What is a reasonable rent price in New York?
A reasonable rent price in New York is around $3,291/month. You can search for these reasonably priced rental listings on RentHop.
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