Average Rent in New York, NY

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Current Versus Historical NYC Rents

New York rentals average $3,475 for a studio rental to $8,000 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 $51 (1.52%) year-over-year from $3,365 to $3,416. 1-bedroom rentals prices have increased by $26 (0.64%) year-over-year from $4,124 to $4,150. 2-bedroom rentals prices have decreased by $140 (-2.59%) year-over-year from $5,397 to $5,257. 3-bedroom rentals prices have decreased by $364 (-5.72%) year-over-year from $6,359 to $5,995. 4-bedroom rentals prices have increased by $269 (3.44%) year-over-year from $7,829 to $8,099. 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 1.52% this month. 1-bedroom rents have gone down by 0.76% this month. 2-bedroom rents have gone down by 1.65% this month. 3-bedroom rents have gone down by 2.29% this month. 4-bedroom rents have gone down by 5.05% this month.

Beds	Price / Sqft	Oct 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$7.55	$3,416	$3,365 (1.52%)	$2,578 (32.49%)
1 BR	$6.74	$4,150	$4,124 (0.64%)	$3,323 (24.87%)
2 BR	$6.40	$5,257	$5,397 (-2.59%)	$4,333 (21.32%)
3 BR	$5.74	$5,995	$6,359 (-5.72%)	$4,665 (28.51%)
4+ BR	$6.13	$8,099	$7,829 (3.44%)	$6,333 (27.87%)

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 19 cities nearby New York. The average rent in New York is currently $3,175 per month. A total of 16 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 $8,250 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 53.24% more expensive than other cities nearby. One bedrooms are about 48.35% more expensive. Two bedrooms in New York, NY are about 43.56% more expensive. Finally, rent for three bedrooms are about 31.03% more expensive. Want more information? Check out the top 10 cities out of 19 total cities near New York, NY in the following chart.

City	Studio	1 Bed	2 Bed	All
Newark, NJ	$2,300	$1,700	$2,000	$2,150
West Babylon, NY	N/A	$2,495	$2,935	$2,530
Asbury Park, NJ	$1,725	$2,300	$2,900	$2,775
Yonkers, NY	$2,100	$2,178	$2,800	$2,800
Ocean Grove, NJ	$1,625	$1,950	$2,625	$3,000
White Plains, NY	$2,175	$2,650	$4,043	$3,300
Long Beach, NY	$2,100	$2,500	$3,200	$3,500
Glen Cove, NY	$2,550	$3,200	$3,738	$3,650
Long Branch, NJ	N/A	$2,900	$3,400	$3,725
Harrison, NY	$2,570	$3,000	$3,944	$4,000

Top Neighborhoods Near New York

There are a total of 51 neighborhoods in or near New York. Some of these neighborhoods include Flatbush, Central Harlem, and East Harlem. We've included the top 30 neighborhoods out of 51 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 $4,334 per month. A total of 25 neighborhoods have a lower average rent. Meaning, only five neighborhoods have a higher average rent than $4,334. 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 $2,250 per month. Whereas, at $8,125 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	$2,574	$2,795	$3,150	$3,096
Central Harlem, New York, NY	$2,125	$2,695	$3,350	$3,123
East Harlem, New York, NY	$2,600	$2,950	$3,195	$3,195
Bedford-Stuyvesant, New York, NY	$2,600	$2,700	$3,135	$3,195
Harlem, New York, NY	$2,600	$2,938	$3,300	$3,300
Bushwick, New York, NY	$2,699	$2,895	$3,297	$3,374
Crown Heights, New York, NY	$2,689	$2,920	$3,525	$3,375
West Harlem, New York, NY	$2,741	$3,200	$3,400	$3,499
Upper East Side, New York, NY	$3,000	$3,800	$4,300	$3,875
Long Island City, New York, NY	$3,316	$3,995	$5,853	$4,048
Murray Hill, New York, NY	$3,418	$4,242	$6,500	$4,140
Downtown Brooklyn, New York, NY	$3,400	$4,163	$5,818	$4,214
Hell's Kitchen, New York, NY	$3,423	$4,088	$5,000	$4,285
Financial District, New York, NY	$3,487	$4,495	$6,540	$4,334
Prospect Heights, New York, NY	$3,600	$4,500	$6,503	$4,370
Midtown East, New York, NY	$3,375	$4,445	$6,115	$4,500
Greenwich Village, New York, NY	$4,175	$5,425	$7,500	$4,525
NoLita, New York, NY	N/A	$3,900	$5,495	$4,595
Hudson Yards, New York, NY	$3,695	$4,610	$6,923	$4,650
East Village, New York, NY	$2,995	$3,795	$4,995	$4,695
Kips Bay, New York, NY	$3,630	$4,340	$5,308	$4,750
Williamsburg, New York, NY	$3,855	$4,511	$5,000	$4,767
Upper West Side, New York, NY	$3,179	$4,400	$7,250	$4,895
West Village, New York, NY	$3,750	$4,995	$6,725	$4,950
Midtown, New York, NY	$3,513	$4,027	$6,144	$4,960
Lower East Side, New York, NY	$3,500	$3,204	$4,895	$4,990
Little Italy, New York, NY	$3,250	$4,500	$5,200	$5,200
Chelsea, New York, NY	$3,855	$5,698	$7,775	$5,268
Gramercy Park, New York, NY	$3,645	$5,533	$4,995	$5,495
NoMad, New York, NY	$4,431	$5,686	$8,092	$5,795

Top Counties Near New York

There are a total of 51 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 $3,449. 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 $8,250, Spring Lake, NJ is the most expensive county by New York, NY.

Typically, rent for studios in New York, NY is 52.88% more expensive than other counties nearby. In comparison, rent for one bedroom listings in New York, NY is 40.72% more expensive than other counties nearby. Finally, rent for two bedrooms in New York, NY is 38.46% 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	$2,800
Bronx, New York, NY	$2,440	$2,600	$3,200	$3,200
Queens, New York, NY	$2,789	$2,750	$3,412	$3,250
Long Beach, NY	$2,100	$2,500	$3,200	$3,500
Hempstead, NY	$2,100	$2,500	$3,200	$3,500
Glen Cove, NY	$2,550	$3,200	$3,738	$3,650
Brooklyn, New York, NY	$3,400	$3,853	$3,828	$3,824
Oyster Bay, NY	$3,200	$2,540	$3,415	$4,195
Manhattan, New York, NY	$3,495	$4,395	$5,600	$4,495
North Hempstead, NY	N/A	$2,725	$4,338	$4,650

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 $3,650. A total of 5 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 $2,895 per month. In comparison, the zipcode with the most expensive average rent of $5,050 per month is 10280, New York, NY.

Studios in these zipcodes have an average rent of $2,830. 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 $3,483 per month. Or in other words, $5 per sqft. Meanwhile, two bedroom apartments will cost you an average of $3,995 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	$3,725	$4,225	$3,800
10023, New York, NY	$3,200	$4,973	$8,197	$4,281
11375, New York, NY	$2,665	$3,240	$3,765	$3,500
10035, New York, NY	$2,277	$2,470	$3,375	$3,046
10280, New York, NY	$3,765	$4,790	$6,848	$5,050
10463, New York, NY	$2,423	$2,685	$3,325	$2,895

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 $3,475 and an average price per square feet of $7.55. There are a total of 4,005 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 $4,217 and an average price per square feet of $6.74. There are a total of 6,646 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 $6.40. There are a total of 5,532 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 0.02%, one bedroom rental prices have changed by 0.01%, two bedroom rental prices have changed by -0.03%, 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.