Average Rent in New York, NY

Home  »  NY  »  New York

Current Versus Historical NYC Rents

New York rentals average $3,495 for a studio rental to $8,000 for a 4-bedroom rental. The median price of all currently available listings is $4,375, or roughly $7 per square feet.
For the apartment units and housing in September 2024, median rents have been roughly unchanged over the last year. Studio rentals prices have increased by $105 (3.10%) year-over-year from $3,390 to $3,495. 1-bedroom rentals prices have increased by $40 (0.96%) year-over-year from $4,160 to $4,200. 2-bedroom rentals prices have decreased by $42 (-0.78%) year-over-year from $5,342 to $5,300. 3-bedroom rentals prices have decreased by $336 (-5.30%) year-over-year from $6,336 to $6,000. 4-bedroom rentals prices have increased by $606 (7.68%) year-over-year from $7,889 to $8,495. 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 0.05% this month. 1-bedroom rents have gone down by 0.40% this month. 2-bedroom rents have gone down by 0.56% this month. 3-bedroom rents have gone down by 3.20% this month. 4-bedroom rents have gone down by 1.54% this month.
Beds
Price / Sqft
Sep 2024 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
Studio $7.60 $3,495 $3,390 (3.10%) $2,495 (40.08%)
1 BR $6.77 $4,200 $4,160 (0.96%) $3,115 (34.83%)
2 BR $6.42 $5,300 $5,342 (-0.78%) $4,050 (30.86%)
3 BR $6.17 $6,000 $6,336 (-5.30%) $4,465 (34.38%)
4+ BR $6.16 $8,495 $7,889 (7.68%) $5,933 (43.18%)

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 20 cities nearby New York. The average rent in New York is currently $3,100 per month. A total of 17 cities nearby have an average rent lower than that. Our records show that Bridgeport, CT, with an average rent of $2,100, is the most affordable city nearby. In contrast, the most expensive city near New York, NY is Westport, CT. Monthly rents here are on average $8,250 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 50.64% more expensive than other cities nearby. One bedrooms are about 45.09% more expensive. Two bedrooms in New York, NY are about 43.86% more expensive. Finally, rent for three bedrooms are about 37.45% more expensive. Want more information? Check out the top 10 cities out of 20 total cities near New York, NY in the following chart.
City Studio 1 Bed 2 Bed All
West Babylon, NY $2,970 $2,410 $2,885 $2,530
Asbury Park, NJ $1,788 $2,250 $2,800 $2,700
Ocean Grove, NJ $1,600 $1,900 $2,100 $2,750
Yonkers, NY $2,100 $2,450 $2,800 $2,875
White Plains, NY $1,988 $2,600 $3,990 $3,300
Long Beach, NY $2,050 $2,438 $3,200 $3,500
Glen Cove, NY $2,025 $3,150 $3,750 $3,650
New Rochelle, NY $2,260 $3,000 $4,150 $3,750
Harrison, NY $2,660 $3,095 $3,839 $3,903
Long Branch, NJ N/A $2,800 $3,600 $3,950

Top Neighborhoods Near New York

There are a total of 53 neighborhoods in or near New York. Some of these neighborhoods include Flatbush, Bedford-Stuyvesant, and East Harlem. We've included the top 30 neighborhoods out of 53 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 $4,361 per month. A total of 27 neighborhoods have a lower average rent. Meaning, only three neighborhoods have a higher average rent than $4,361. Out of all the neighborhoods in or near New York, East Side has the most affordable average rent at $2,292 per month. Whereas, at $8,000 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
Flatbush, New York, NY $2,562 $2,875 $3,063 $3,084
Bedford-Stuyvesant, New York, NY $2,600 $2,995 $3,000 $3,200
East Harlem, New York, NY $2,600 $2,995 $3,250 $3,295
Harlem, New York, NY $2,631 $2,995 $3,400 $3,375
Bushwick, New York, NY $3,039 $2,850 $3,400 $3,450
Crown Heights, New York, NY $2,681 $3,107 $3,500 $3,450
West Harlem, New York, NY $2,660 $3,025 $3,416 $3,499
Upper East Side, New York, NY $2,800 $3,800 $4,538 $4,100
Long Island City, New York, NY $3,375 $4,055 $6,049 $4,126
Murray Hill, New York, NY $3,475 $4,140 $6,745 $4,150
Downtown Brooklyn, New York, NY $3,474 $4,225 $5,818 $4,288
Prospect Heights, New York, NY $3,625 $4,495 $6,136 $4,350
Financial District, New York, NY $3,500 $4,647 $6,495 $4,361
Midtown, New York, NY $3,500 $4,000 $6,823 $4,395
NoLita, New York, NY $3,248 $4,295 $5,995 $4,395
Midtown East, New York, NY $3,300 $4,395 $5,978 $4,495
Hell's Kitchen, New York, NY $3,500 $4,100 $5,300 $4,500
West Village, New York, NY $4,495 $4,695 $6,699 $4,675
Williamsburg, New York, NY $4,049 $4,399 $4,800 $4,750
Greenwich Village, New York, NY $4,300 $5,475 $5,205 $4,813
Upper West Side, New York, NY $3,208 $4,500 $7,095 $4,950
Kips Bay, New York, NY $3,768 $4,260 $5,295 $4,995
Hudson Yards, New York, NY $3,703 $4,645 $6,899 $4,995
East Village, New York, NY $3,075 $3,750 $4,995 $4,995
Chelsea, New York, NY $3,850 $5,594 $8,180 $5,250
Little Italy, New York, NY $3,500 $4,425 $5,250 $5,395
Lower East Side, New York, NY $3,500 $3,204 $4,995 $5,398
Gramercy Park, New York, NY $3,923 $5,300 $5,395 $5,495
NoMad, New York, NY $4,444 $5,587 $8,337 $5,812
Tribeca, New York, NY $4,643 $6,500 $9,282 $7,555

Top Counties Near New York

There are a total of 53 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 $3,380. That's roughly around $3 per sqft. A total of 29 counties have a lower average rent. The county that is the most affordable is Bridgeport, CT. It's average rent per month is $2,100. Vice versa, with an average rent of $8,250, Westport, CT is the most expensive county by New York, NY.

Typically, rent for studios in New York, NY is 52.43% more expensive than other counties nearby. In comparison, rent for one bedroom listings in New York, NY is 41.11% more expensive than other counties nearby. Finally, rent for two bedrooms in New York, NY is 39.23% 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 $2,450 $2,800 $2,875
Bronx, New York, NY $2,395 $2,575 $3,100 $3,195
Queens, New York, NY $2,800 $2,919 $3,465 $3,300
Long Beach, NY $2,050 $2,438 $3,200 $3,500
Hempstead, NY $2,100 $2,475 $3,250 $3,500
Glen Cove, NY $2,025 $3,150 $3,750 $3,650
New Rochelle, NY $2,260 $3,000 $4,150 $3,750
Brooklyn, New York, NY $3,438 $3,795 $3,895 $3,800
Manhattan, New York, NY $3,500 $4,375 $5,575 $4,600
North Hempstead, NY N/A $2,775 $4,160 $4,700

Top Zipcodes Near New York

There are a total of 5 zipcodes in or near New York, NY. The average rent for all of these zipcodes is $4,125. 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 10035, New York, NY at $3,100 per month. In comparison, the zipcode with the most expensive average rent of $5,193 per month is 10280, New York, NY.

Studios in these zipcodes have an average rent of $2,825. 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 $3,575 per month. Or in other words, $7 per sqft. Meanwhile, two bedroom apartments will cost you an average of $5,115 per month. Which comes out to $7 per sqft. The following chart includes the top 5 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 $2,825 $3,575 $5,115 $4,125
10023, New York, NY $2,900 $4,593 $7,564 $4,550
11375, New York, NY $2,665 $2,995 $3,838 $3,395
10280, New York, NY $3,983 $4,835 $7,440 $5,193
10035, New York, NY $1,800 $2,470 $3,656 $3,100

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 $4,375. 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 $3,495 and an average price per square feet of $7.60. There are a total of 3,704 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 $4,202 and an average price per square feet of $6.77. There are a total of 6,748 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 $5,200 and an average price per square feet of $6.42. There are a total of 5,793 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 0.03%, 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 -0.05% year-over-year.
What is a reasonable rent price in New York, NY?
A reasonable rent price in New York, NY is around $3,500/month. You can search for these reasonably priced rental listings on RentHop.
Fair Housing and Equal Opportunity
Fair Housing and Equal Opportunity
© 2009 - 2024 RentHop.com™
Quantcast