Average Rent in New York, NY

Current Versus Historical NYC Rents

New York rentals average $3,500 for a studio rental to $7,995 for a 4-bedroom rental. The median price of all currently available listings is $4,395, 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 $47 (-0.87%) year-over-year from $5,342 to $5,295. 3-bedroom rentals prices have decreased by $340 (-5.37%) year-over-year from $6,335 to $5,995. 4-bedroom rentals prices have increased by $511 (6.48%) year-over-year from $7,889 to $8,400. 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 0.47% this month. 2-bedroom rents have gone down by 0.63% this month. 3-bedroom rents have gone down by 3.41% this month. 4-bedroom rents have gone down by 2.68% this month.

Beds	Price / Sqft	Sep 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$7.74	$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	$5,295	$5,342 (-0.87%)	$4,050 (30.74%)
3 BR	$6.00	$5,995	$6,335 (-5.37%)	$4,465 (34.27%)
4+ BR	$6.18	$8,400	$7,889 (6.48%)	$5,933 (41.58%)

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 11 cities nearby New York. The average rent in New York is currently $3,500 per month. A total of 9 cities nearby have an average rent lower than that. Our records show that Bridgeport, CT, with an average rent of $2,149, 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 $8,500 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 42.86% more expensive than other cities nearby. One bedrooms are about 38.80% more expensive. Two bedrooms in New York, NY are about 30.48% more expensive. Finally, rent for three bedrooms are about 29.94% more expensive. Want more information? Check out the top 10 cities out of 11 total cities near New York, NY in the following chart.

City	Studio	1 Bed	2 Bed	All
Yonkers, NY	$2,100	$2,598	$2,700	$2,850
Stamford, CT	$2,000	$2,276	$2,965	$2,900
Norwalk, CT	$1,800	$2,248	$3,098	$2,950
Long Beach, NY	$2,000	$2,450	$3,300	$3,500
White Plains, NY	$1,988	$2,600	$3,762	$3,500
Glen Cove, NY	$2,100	$3,150	$3,650	$3,650
New Rochelle, NY	$2,200	$3,000	$4,103	$3,723
Harrison, NY	$2,660	$3,095	$3,848	$3,898
Ocean Beach, NY	N/A	N/A	$4,750	$8,000
Westport, CT	N/A	$3,500	$6,469	$8,500

Top Neighborhoods Near New York

There are a total of 49 neighborhoods in or near New York. Some of these neighborhoods include Astoria, Bedford-Stuyvesant, and West Harlem. We've included the top 30 neighborhoods out of 49 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 $4,350 per month. A total of 27 neighborhoods have a lower average rent. Meaning, only three neighborhoods have a higher average rent than $4,350. Out of all the neighborhoods in or near New York, East Side has the most affordable average rent at $2,293 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
Astoria, New York, NY	$2,100	$2,900	$3,692	$3,200
Bedford-Stuyvesant, New York, NY	$2,600	$2,888	$3,295	$3,295
West Harlem, New York, NY	$2,675	$2,925	$3,300	$3,400
Harlem, New York, NY	$2,645	$2,998	$3,300	$3,495
Bushwick, New York, NY	$3,020	$2,973	$3,450	$3,495
East Harlem, New York, NY	$2,600	$3,181	$3,295	$3,498
Crown Heights, New York, NY	$2,743	$3,299	$3,738	$3,500
Midtown, New York, NY	$3,200	$3,795	$6,300	$4,100
Murray Hill, New York, NY	$3,443	$4,161	$6,995	$4,140
Upper East Side, New York, NY	$2,975	$3,803	$5,198	$4,155
Long Island City, New York, NY	$3,395	$4,121	$6,280	$4,200
Downtown Brooklyn, New York, NY	$3,474	$4,140	$5,818	$4,205
Prospect Heights, New York, NY	$3,625	$4,495	$6,895	$4,350
Financial District, New York, NY	$3,506	$4,695	$6,500	$4,362
NoLita, New York, NY	$3,995	$4,395	$5,995	$4,395
Hell's Kitchen, New York, NY	$3,600	$4,153	$5,000	$4,495
Midtown East, New York, NY	$3,375	$4,495	$5,850	$4,595
West Village, New York, NY	$4,350	$4,695	$6,750	$4,675
Williamsburg, New York, NY	$3,935	$4,478	$4,650	$4,765
Hudson Yards, New York, NY	$3,798	$4,600	$6,995	$4,895
Greenwich Village, New York, NY	$4,413	$5,475	$5,500	$4,950
Upper West Side, New York, NY	$3,395	$4,495	$7,205	$4,950
East Village, New York, NY	$3,250	$3,750	$4,995	$4,995
Kips Bay, New York, NY	$3,788	$4,248	$5,295	$5,000
Flatiron District, New York, NY	$4,150	$5,900	$8,359	$5,189
Chelsea, New York, NY	$3,950	$5,495	$8,350	$5,351
Gramercy Park, New York, NY	$4,137	$5,075	$5,395	$5,495
NoMad, New York, NY	$4,444	$5,572	$8,200	$5,721
Lower East Side, New York, NY	$3,195	$4,113	$4,995	$5,795
Tribeca, New York, NY	$4,500	$6,225	$8,670	$7,155

Top Counties Near New York

There are a total of 49 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 $3,500. 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 $2,149. 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 42.86% more expensive than other counties nearby. In comparison, rent for one bedroom listings in New York, NY is 38.80% more expensive than other counties nearby. Finally, rent for two bedrooms in New York, NY is 37.14% 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	$2,598	$2,700	$2,850
Bronx, New York, NY	$2,339	$2,583	$3,150	$3,189
Queens, New York, NY	$2,800	$2,900	$3,396	$3,300
Long Beach, NY	$2,000	$2,450	$3,300	$3,500
Hempstead, NY	$2,150	$2,500	$3,300	$3,500
Glen Cove, NY	$2,100	$3,150	$3,650	$3,650
New Rochelle, NY	$2,200	$3,000	$4,103	$3,723
Brooklyn, New York, NY	$3,446	$3,650	$3,995	$3,825
North Hempstead, NY	N/A	$2,750	$3,788	$4,500
Manhattan, New York, NY	$3,547	$4,395	$5,595	$4,600

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 $4,550.

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
10023, New York, NY	$3,298	$4,593	$7,740	$4,550
11375, New York, NY	$2,635	$3,260	$3,920	$3,443
10280, New York, NY	$3,980	$4,960	$7,105	$5,330

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 $4,395. 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 $3,500 and an average price per square feet of $7.74. There are a total of 3,470 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 $4,245 and an average price per square feet of $6.77. There are a total of 6,518 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 $5,250 and an average price per square feet of $6.42. There are a total of 5,465 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 $3,516/month. You can search for these reasonably priced rental listings on RentHop.