Average Rent in New York

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Current Versus Historical New York Rents

New York rentals average $3,415 for a studio rental to $8,500 for a 4-bedroom rental. The median price of all currently available listings is $4,100, or roughly $5 per square feet.
For the apartment units and housing in February 2025, median rents have fallenover the last year. Studio rentals prices have increased by $153 (4.65%) year-over-year from $3,293 to $3,446. 1-bedroom rentals prices have decreased by $254 (-6.31%) year-over-year from $4,029 to $3,775. 2-bedroom rentals prices have decreased by $746 (-15.08%) year-over-year from $4,946 to $4,200. 3-bedroom rentals prices have decreased by $1,074 (-19.61%) year-over-year from $5,474 to $4,400. 4-bedroom rentals prices have increased by $2,635 (38.39%) year-over-year from $6,865 to $9,500. 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 1.01% this month. 1-bedroom rents have gone down by 5.77% this month. 2-bedroom rents have gone down by 13.54% this month. 3-bedroom rents have gone down by 16.96% this month. 4-bedroom rents have gone up by 16.35% this month.
Beds
Price / Sqft
Feb 2025 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
Studio $7.42 $3,446 $3,293 (4.65%) $2,782 (23.88%)
1 BR $5.95 $3,775 $4,029 (-6.31%) $3,499 (7.88%)
2 BR $4.10 $4,200 $4,946 (-15.08%) $4,081 (2.92%)
3 BR $3.24 $4,400 $5,474 (-19.61%) $4,816 (-8.64%)
4+ BR $4.08 $9,500 $6,865 (38.39%) $5,900 (61.03%)

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 $2,963 per month. A total of 40 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 $27,000 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 56.08% more expensive than other cities nearby. One bedrooms are about 45.00% more expensive. Two bedrooms in New York are about 39.88% 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 $1,375
Allentown, PA $875 $1,095 $1,550 $1,563
Waterbury, CT $1,000 $1,113 $1,538 $1,575
Buffalo, NY $950 $1,250 $1,663 $1,600
Bethlehem, PA $1,500 $1,300 $1,885 $1,828
Yonkers, NY $1,900 $2,300 $2,700 $2,798
Saratoga Springs, NY $1,141 $1,908 $2,599 $2,996
Stamford, CT $2,125 $2,295 $3,000 $3,000
White Plains, NY $2,100 $2,675 $3,500 $3,250
Harrison, NY $2,695 $2,970 $4,093 $4,500

Top Neighborhoods Near New York

There are a total of 80 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 80 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 $3,685 per month. A total of 46 neighborhoods have a lower average rent. Out of all the neighborhoods in or near New York, Cobbs Creek has the most affordable average rent at $1,400 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 $1,225 $1,410 $1,725 $1,650
Center City East, Philadelphia, PA $1,170 $2,000 $2,728 $2,073
Flatbush, New York, NY $2,556 $2,800 $3,170 $2,995
East Harlem, New York, NY $3,100 $2,822 $3,150 $3,200
Bedford-Stuyvesant, New York, NY $2,750 $3,065 $3,100 $3,200
Harlem, New York, NY $2,645 $2,845 $3,218 $3,300
Bushwick, New York, NY $2,795 $3,298 $3,300 $3,309
Crown Heights, New York, NY $3,050 $2,949 $3,723 $3,450
West Harlem, New York, NY $2,598 $2,845 $3,600 $3,497
Upper East Side, New York, NY $3,300 $3,995 $5,300 $4,000
Long Island City, New York, NY $3,335 $3,877 $5,795 $4,029
Murray Hill, New York, NY $3,400 $4,573 $6,500 $4,150
Little Italy, New York, NY $3,250 $4,250 $5,495 $4,250
Prospect Heights, New York, NY $3,625 $4,395 $6,002 $4,305
Hell's Kitchen, New York, NY $3,420 $4,079 $5,858 $4,350
East Village, New York, NY $2,800 $3,795 $4,595 $4,400
Downtown Brooklyn, New York, NY $3,383 $4,301 $5,926 $4,400
Financial District, New York, NY $3,525 $4,569 $6,467 $4,400
Upper West Side, New York, NY $3,118 $4,503 $6,993 $4,546
Kips Bay, New York, NY $3,788 $3,995 $5,365 $4,580
Hudson Yards, New York, NY $3,750 $4,795 $7,075 $4,800
Williamsburg, New York, NY $3,889 $4,717 $5,600 $4,862
Midtown East, New York, NY $3,500 $4,550 $6,075 $4,995
Lower East Side, New York, NY $3,100 $3,204 $4,995 $4,995
Midtown, New York, NY $3,675 $4,629 $6,900 $5,000
Chelsea, New York, NY $3,950 $5,535 $7,633 $5,149
West Village, New York, NY $4,900 $5,500 $6,498 $5,500
Greenwich Village, New York, NY $3,498 $5,650 $7,395 $5,650
NoMad, New York, NY $4,432 $5,675 $8,778 $5,675
Gramercy Park, New York, NY $3,635 $5,593 $5,495 $5,700

Top Counties Near New York

There are a total of 80 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 $2,702. That's roughly around $2 per sqft. A total of 49 counties have a lower average rent. The county that is the most affordable is Lackawanna, PA. It's average rent per month is $1,375. Vice versa, with an average rent of $4,595, New York, NY is the most expensive county by New York.

Typically, rent for studios in New York is 53.59% more expensive than other counties nearby. In comparison, rent for one bedroom listings in New York is 52.84% more expensive than other counties nearby. Finally, rent for two bedrooms in New York is 47.07% 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 $1,000 $1,050 $1,250 $1,375
Erie, NY $950 $1,225 $1,625 $1,650
Lehigh, PA $850 $1,100 $1,600 $1,800
Northampton, PA $475 $1,250 $1,828 $1,828
Hartford, CT $1,400 $1,650 $1,900 $2,000
Fairfield, CT $1,350 $1,940 $2,500 $2,650
Litchfield, CT N/A $1,650 $1,798 $2,900
Morris, NJ $1,763 $2,000 $2,965 $3,100
Bergen, NJ $2,638 $2,200 $2,900 $3,100
Westchester, NY $2,150 $2,600 $3,528 $3,695

Top Zipcodes Near New York

There are a total of 20 zipcodes in or near New York. The average rent for all of these zipcodes is $2,825. A total of 19 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 $1,568 per month. In comparison, the zipcode with the most expensive average rent of $4,650 per month is 10023, New York, NY.

Studios in these zipcodes have an average rent of $2,093. 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 $2,454 per month. Or in other words, $3 per sqft. Meanwhile, two bedroom apartments will cost you an average of $3,175 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 $3,350 $4,000 $5,620 $3,800
10023, New York, NY $3,343 $4,999 $8,025 $4,650
19104, Philadelphia, PA $1,095 $2,250 $1,800 $1,900
02128, Boston, MA $2,450 $2,400 $3,200 $3,125
22201, Arlington, VA $2,126 $2,527 $3,403 $2,678
02116, Boston, MA $2,925 $3,375 $5,200 $4,015
11375, New York, NY $2,748 $2,900 $3,650 $3,250
02118, Boston, MA $2,043 $3,305 $4,500 $3,743
10035, New York, NY $2,299 $2,822 $3,150 $2,977
02472, Watertown Town, MA $2,615 $2,800 $3,050 $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 $4,100. 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 $3,415 and an average price per square feet of $7.42. There are a total of 4,176 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 $5.95. There are a total of 8,272 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 $4,700 and an average price per square feet of $4.10. There are a total of 6,593 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 -0.06%, two bedroom rental prices have changed by -0.15%, and three bedroom rental prices have changed by -0.20% year-over-year.
What is a reasonable rent price in New York?
A reasonable rent price in New York is around $3,280/month. You can search for these reasonably priced rental listings on RentHop.
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