Average Rent in New York, NY

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Current Versus Historical NYC Rents

New York rentals average $3,570 for a studio rental to $7,952 for a 4-bedroom rental. The median price of all currently available listings is $4,300, or roughly $7 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 $177 (5.28%) year-over-year from $3,358 to $3,535. 1-bedroom rentals prices have increased by $157 (3.80%) year-over-year from $4,143 to $4,300. 2-bedroom rentals prices have increased by $280 (5.36%) year-over-year from $5,220 to $5,500. 3-bedroom rentals prices have increased by $353 (5.90%) year-over-year from $5,982 to $6,335. 4-bedroom rentals prices have increased by $630 (8.12%) year-over-year from $7,765 to $8,395. 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 1.81% this month. 1-bedroom rents have gone up by 1.18% this month. 2-bedroom rents have gone up by 0.03% this month. 3-bedroom rents have gone up by 1.81% this month. 4-bedroom rents have gone up by 3.28% this month.
Beds
Price / Sqft
Mar 2025 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
Studio $7.96 $3,535 $3,358 (5.28%) $2,868 (23.27%)
1 BR $6.80 $4,300 $4,143 (3.80%) $3,756 (14.49%)
2 BR $6.25 $5,500 $5,220 (5.36%) $4,328 (27.07%)
3 BR $3.85 $6,335 $5,982 (5.90%) $4,971 (27.45%)
4+ BR $5.41 $8,395 $7,765 (8.12%) $6,407 (31.04%)

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 $4,250 per month. A total of 10 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 West Long Branch, NJ. Monthly rents here are on average $29,000 per month.

Let's compare New York, NY's rent against other top cities nearby by bedroom size. One bedrooms are about 47.13% more expensive. Two bedrooms in New York, NY are about 26.54% more expensive. Finally, rent for three bedrooms are about 13.68% 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
Yonkers, NY $2,050 $2,250 $3,200 $2,800
Glen Cove, NY $2,550 $3,150 $3,450 $3,345
Ocean Grove, NJ N/A $2,300 $2,525 $3,500
Long Beach, NY $2,150 $2,750 $3,600 $3,975
Oakhurst, NJ N/A N/A $4,400 $4,000
Harrison, NY $2,700 $3,070 $4,048 $4,135
New Rochelle, NY $2,360 $3,000 $4,450 $4,250
Long Branch, NJ N/A $3,000 $4,600 $4,600
Asbury Park, NJ $7,250 $2,175 $6,500 $5,000
West Long Branch, NJ N/A N/A $5,475 $29,000

Top Neighborhoods Near New York

There are a total of 47 neighborhoods in or near New York. Some of these neighborhoods include Bedford-Stuyvesant, Flatbush, and Crown Heights. We've included the top 30 neighborhoods out of 47 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 $4,326 per month. A total of 23 neighborhoods have a lower average rent. Meaning, only seven neighborhoods have a higher average rent than $4,326. Interestingly, the neighborhoods' average rent is higher than New York's average rent, which is only $4,300. Out of all the neighborhoods in or near New York, East Side has the most affordable average rent at $2,271 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
Bedford-Stuyvesant, New York, NY $2,500 $2,698 $3,000 $3,000
Flatbush, New York, NY $2,600 $2,800 $3,281 $3,050
Crown Heights, New York, NY $2,679 $2,900 $3,824 $3,350
Bushwick, New York, NY $2,725 $3,223 $3,199 $3,390
Central Harlem, New York, NY $2,450 $2,950 $3,598 $3,425
East Harlem, New York, NY $3,000 $3,450 $3,295 $3,495
Harlem, New York, NY $2,863 $3,125 $3,425 $3,600
West Harlem, New York, NY $3,700 $2,898 $3,700 $3,950
Upper East Side, New York, NY $3,200 $4,381 $5,000 $4,000
Murray Hill, New York, NY $3,525 $4,205 $5,495 $4,000
Prospect Heights, New York, NY $3,625 $4,125 $5,571 $4,057
Long Island City, New York, NY $3,358 $3,944 $5,870 $4,107
Little Italy, New York, NY $3,750 $4,525 $5,750 $4,200
Financial District, New York, NY $3,669 $4,795 $6,500 $4,296
Hell's Kitchen, New York, NY $3,569 $4,157 $6,148 $4,375
Downtown Brooklyn, New York, NY $3,560 $4,300 $5,821 $4,376
Kips Bay, New York, NY $3,875 $3,995 $5,505 $4,385
Midtown East, New York, NY $3,600 $4,600 $6,150 $4,600
Upper West Side, New York, NY $3,317 $4,704 $6,985 $4,652
Chelsea, New York, NY $4,025 $5,739 $8,037 $4,800
Hudson Yards, New York, NY $3,690 $4,875 $6,995 $4,900
Midtown, New York, NY $3,610 $4,363 $6,508 $4,950
East Village, New York, NY $2,795 $3,995 $5,495 $5,195
Williamsburg, New York, NY $3,658 $5,095 $5,123 $5,250
Lower East Side, New York, NY $3,750 $5,000 $5,395 $5,300
West Village, New York, NY $4,195 $5,300 $6,750 $5,300
Greenwich Village, New York, NY $4,200 $5,550 $5,230 $5,400
NoLita, New York, NY $3,950 $5,495 $6,495 $5,495
NoMad, New York, NY $4,459 $5,686 $8,294 $6,013
Gramercy Park, New York, NY $4,040 $4,912 $6,234 $6,200

Top Counties Near New York

There are a total of 47 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 $3,975. That's roughly around $3 per sqft. A total of 21 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 $8,500, Westport, CT is the most expensive county by New York, NY.

Typically, rent for studios in New York, NY is 49.58% more expensive than other counties nearby. In comparison, rent for one bedroom listings in New York, NY is 38.51% more expensive than other counties nearby. Finally, rent for two bedrooms in New York, NY is 39.94% 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 $2,050 $2,250 $3,200 $2,800
Bronx, New York, NY $2,300 $2,578 $3,027 $3,148
Queens, New York, NY $2,986 $2,700 $3,200 $3,250
Glen Cove, NY $2,550 $3,150 $3,450 $3,345
Hempstead, NY $2,000 $2,675 $3,270 $3,800
Brooklyn, New York, NY $3,495 $3,794 $4,199 $3,875
Long Beach, NY $2,150 $2,750 $3,600 $3,975
North Hempstead, NY $1,900 $3,200 $3,939 $4,200
New Rochelle, NY $2,360 $3,000 $4,450 $4,250
Manhattan, New York, NY $3,600 $4,500 $5,895 $4,595

Top Zipcodes Near New York

There are a total of 3 zipcodes in or near New York, NY. The average rent for all of these zipcodes is $3,900. A total of 2 zipcodes have a average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 11375, New York, NY at $3,255 per month. In comparison, the zipcode with the most expensive average rent of $4,516 per month is 10023, New York, NY.

Studios in these zipcodes have an average rent of $3,298. That's at least $8 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 $4,350 per month. Or in other words, $7 per sqft. Meanwhile, two bedroom apartments will cost you an average of $5,675 per month. Which comes out to $7 per sqft. The following chart includes the top 3 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 $3,298 $4,350 $5,675 $3,900
10023, New York, NY $3,450 $4,901 $8,400 $4,516
11375, New York, NY $2,225 $3,000 $3,793 $3,255

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 $4,300. 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 $3,570 and an average price per square feet of $7.96. There are a total of 3,610 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 $4,350 and an average price per square feet of $6.80. There are a total of 5,738 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 $5,445 and an average price per square feet of $6.25. There are a total of 4,171 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 0.05%, one bedroom rental prices have changed by 0.04%, two bedroom rental prices have changed by 0.05%, 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 $3,440/month. You can search for these reasonably priced rental listings on RentHop.
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