Average Rent in New York, NY

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Current Versus Historical NYC Rents

New York rentals average $3,450 for a studio rental to $8,295 for a 4-bedroom rental. The median price of all currently available listings is $4,295, or roughly $7 per square feet.

For the apartment units and housing in October 2024, median rents have been roughly unchanged over the last year. Studio rentals prices have increased by $35 (1.04%) year-over-year from $3,365 to $3,400. 1-bedroom rentals prices have increased by $16 (0.40%) year-over-year from $4,124 to $4,140. 2-bedroom rentals prices have decreased by $102 (-1.88%) year-over-year from $5,397 to $5,295. 3-bedroom rentals prices have decreased by $365 (-5.74%) year-over-year from $6,360 to $5,995. 4-bedroom rentals prices have increased by $466 (5.95%) year-over-year from $7,829 to $8,295. 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 1.83% this month. 1-bedroom rents have gone down by 0.92% this month. 2-bedroom rents have gone down by 1.24% this month. 3-bedroom rents have gone down by 2.23% this month. 4-bedroom rents have gone down by 3.11% this month.

Beds	Price / Sqft	Oct 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$7.54	$3,400	$3,365 (1.04%)	$2,578 (31.87%)
1 BR	$6.66	$4,140	$4,124 (0.40%)	$3,323 (24.57%)
2 BR	$6.35	$5,295	$5,397 (-1.88%)	$4,333 (22.19%)
3 BR	$6.00	$5,995	$6,360 (-5.74%)	$4,665 (28.51%)
4+ BR	$6.16	$8,295	$7,829 (5.95%)	$6,333 (30.98%)

Historical Rents in New York, NY

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near New York

There are a total of 18 cities nearby New York. The average rent in New York is currently $3,425 per month. A total of 14 cities nearby have an average rent lower than that. Our records show that Bridgeport, CT, with an average rent of $2,000, is the most affordable city nearby. In contrast, the most expensive city near New York, NY is Spring Lake, NJ. Monthly rents here are on average $8,500 per month.

Let's compare New York, NY's rent against other top cities nearby by bedroom size. Typically, rent for studios in New York, NY is 80.43% more expensive than other cities nearby. One bedrooms are about 46.11% more expensive. Two bedrooms in New York, NY are about 39.81% more expensive. Finally, rent for three bedrooms are about 30.78% more expensive. Want more information? Check out the top 10 cities out of 18 total cities near New York, NY in the following chart.

City	Studio	1 Bed	2 Bed	All
West Babylon, NY	N/A	$2,495	$2,935	$2,530
Asbury Park, NJ	$1,800	$2,200	$2,700	$2,650
Yonkers, NY	$2,100	$2,178	$2,800	$2,775
White Plains, NY	$2,175	$2,650	$3,945	$3,224
Belmar, NJ	N/A	$2,150	$2,800	$3,250
Long Beach, NY	$2,100	$2,500	$3,200	$3,600
Glen Cove, NY	$2,550	$3,200	$3,725	$3,650
Long Branch, NJ	N/A	$2,900	$3,500	$3,775
New Rochelle, NY	N/A	$3,000	$3,750	$3,850
Harrison, NY	$2,570	$2,958	$4,008	$4,113

Top Neighborhoods Near New York

There are a total of 60 neighborhoods in or near New York. Some of these neighborhoods include Flatbush, East Harlem, and Bedford-Stuyvesant. We've included the top 30 neighborhoods out of 60 total neighborhoods in or near New York, NY in the following chart.

The average rent for these 30 neighborhoods in or near New York, NY is currently around $4,310 per month. A total of 28 neighborhoods have a lower average rent. Meaning, only two neighborhoods have a higher average rent than $4,310. Interestingly, the neighborhoods' average rent is higher than New York's average rent, which is only $4,295. Out of all the neighborhoods in or near New York, East Side has the most affordable average rent at $2,201 per month. Whereas, at $9,500 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
Flatbush, New York, NY	$2,600	$2,795	$3,195	$3,050
East Harlem, New York, NY	$2,550	$2,938	$3,195	$3,195
Bedford-Stuyvesant, New York, NY	$2,300	$2,800	$3,273	$3,300
Bushwick, New York, NY	$2,699	$2,900	$3,250	$3,399
Harlem, New York, NY	$2,580	$2,875	$3,250	$3,400
Central Harlem, New York, NY	$2,125	$2,750	$3,500	$3,425
West Harlem, New York, NY	$2,741	$3,000	$3,350	$3,499
Crown Heights, New York, NY	$2,600	$3,028	$3,850	$3,500
Long Island City, New York, NY	$3,240	$3,878	$5,715	$3,903
Upper East Side, New York, NY	$3,000	$3,800	$4,800	$3,995
Murray Hill, New York, NY	$3,450	$4,250	$6,504	$4,140
Hell's Kitchen, New York, NY	$3,413	$4,071	$5,000	$4,250
Prospect Heights, New York, NY	$3,565	$4,475	$6,009	$4,300
Financial District, New York, NY	$3,450	$4,477	$6,478	$4,320
Downtown Brooklyn, New York, NY	$3,400	$4,216	$5,847	$4,322
Hudson Yards, New York, NY	$3,631	$4,600	$6,900	$4,500
Midtown East, New York, NY	$3,400	$4,400	$6,025	$4,500
East Village, New York, NY	$2,995	$3,795	$4,750	$4,599
Kips Bay, New York, NY	$3,588	$4,348	$5,315	$4,750
Greenwich Village, New York, NY	$4,125	$5,525	$7,900	$4,800
Upper West Side, New York, NY	$3,295	$4,351	$7,250	$4,807
Williamsburg, New York, NY	$3,717	$4,500	$5,031	$4,900
Lower East Side, New York, NY	$3,454	$3,750	$4,973	$4,995
Little Italy, New York, NY	$3,250	$4,500	$5,200	$5,250
Midtown, New York, NY	$3,525	$4,200	$6,195	$5,295
West Village, New York, NY	$4,145	$5,325	$6,875	$5,300
Chelsea, New York, NY	$3,925	$5,647	$8,045	$5,361
NoLita, New York, NY	$9,950	$3,900	$5,495	$5,495
Gramercy Park, New York, NY	$3,668	$5,500	$5,295	$5,500
NoMad, New York, NY	$4,305	$5,700	$7,957	$5,795

Top Counties Near New York

There are a total of 60 counties located by 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 $3,400. That's roughly around $3 per sqft. A total of 28 counties have a lower average rent. The county that is the most affordable is Bridgeport, CT. It's average rent per month is $2,000. Vice versa, with an average rent of $8,500, Spring Lake, NJ is the most expensive county by New York, NY.

Typically, rent for studios in New York, NY is 52.17% more expensive than other counties nearby. In comparison, rent for one bedroom listings in New York, NY is 40.12% more expensive than other counties nearby. Finally, rent for two bedrooms in New York, NY is 37.86% 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	$2,100	$2,178	$2,800	$2,775
Bronx, New York, NY	$2,100	$2,575	$3,100	$3,100
Queens, New York, NY	$2,800	$2,968	$3,600	$3,295
Long Beach, NY	$2,100	$2,500	$3,200	$3,600
Hempstead, NY	$2,063	$2,500	$3,200	$3,600
Glen Cove, NY	$2,550	$3,200	$3,725	$3,650
New Rochelle, NY	N/A	$3,000	$3,750	$3,850
Brooklyn, New York, NY	$3,304	$3,728	$4,200	$3,900
Manhattan, New York, NY	$3,495	$4,395	$5,649	$4,500
North Hempstead, NY	N/A	$2,750	$4,175	$4,700

Top Zipcodes Near New York

There are a total of 6 zipcodes in or near New York, NY. The average rent for all of these zipcodes is $3,663. 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 10463, New York, NY at $2,990 per month. In comparison, the zipcode with the most expensive average rent of $4,855 per month is 10280, New York, NY.

Studios in these zipcodes have an average rent of $2,760. That's at least $7 per sqft. Do you need more space than that? Average rent for one bedroom rentals for the zipcodes in or near New York, NY is $3,458 per month. Or in other words, $5 per sqft. Meanwhile, two bedroom apartments will cost you an average of $4,085 per month. Which comes out to $5 per sqft. The following chart includes the top 6 zipcodes in New York, NY. You can view the average rent breakdown for each zipcode by bedroom size.

Zipcode	Studio	1 Bed	2 Bed	All
10128, New York, NY	$2,995	$3,765	$4,450	$3,865
10023, New York, NY	$3,400	$4,950	$8,215	$4,425
11375, New York, NY	$2,525	$3,150	$3,720	$3,460
10035, New York, NY	$2,395	$2,735	$3,399	$2,995
10280, New York, NY	$3,940	$4,780	$6,675	$4,855
10463, New York, NY	$1,995	$2,690	$3,300	$2,990

Frequently Asked Questions - New York Average Rents

What is the average rent price in New York, NY?

The average monthly rental price for New York, NY apartments for rent is approximately $4,295. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do 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 New York, NY.

How much is a studio apartment in New York, NY?

The average monthly rental price for studio apartments is $3,450 and an average price per square feet of $7.54. There are a total of 4,368 studio apartment listings currently available for rent in New York.

How much is a one bedroom apartment in New York, NY?

The average monthly rental price for one bedroom apartments is $4,175 and an average price per square feet of $6.66. There are a total of 7,473 one bedroom apartment listings currently available for rent in New York.

How much is a two bedroom apartment in New York, NY?

The average monthly rental price for two bedroom apartments is $5,150 and an average price per square feet of $6.35. There are a total of 6,411 two bedroom apartment listings currently available for rent in New York.

How have rent prices in New York, NY changed this year?

Rent prices for rentals in New York, NY can fluctuate yearly. Specifically, studio rental prices have changed by 0.01%, one bedroom rental prices have changed by 0.00%, two bedroom rental prices have changed by -0.02%, and three bedroom rental prices have changed by -0.06% year-over-year.

What is a reasonable rent price in New York, NY?

A reasonable rent price in New York, NY is around $3,436/month. You can search for these reasonably priced rental listings on RentHop.