Average Rent in New York, NY

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Current Versus Historical NYC Rents

New York rentals average $3,444 for a studio rental to $7,995 for a 4-bedroom rental. The median price of all currently available listings is $4,200, or roughly $7 per square feet.
For the apartment units and housing in November 2024, median rents have been roughly unchanged over the last year. Studio rentals prices have increased by $68 (2.05%) year-over-year from $3,332 to $3,400. 1-bedroom rentals prices have increased by $28 (0.70%) year-over-year from $4,072 to $4,100. 2-bedroom rentals prices have decreased by $178 (-3.32%) year-over-year from $5,378 to $5,200. 3-bedroom rentals prices have decreased by $437 (-6.91%) year-over-year from $6,332 to $5,895. 4-bedroom rentals prices have increased by $300 (3.90%) year-over-year from $7,695 to $7,995. 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 0.92% this month. 1-bedroom rents have gone down by 1.13% this month. 2-bedroom rents have gone down by 2.44% this month. 3-bedroom rents have gone down by 2.51% this month. 4-bedroom rents have gone down by 3.25% this month.
Beds
Price / Sqft
Nov 2024 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
Studio $7.44 $3,400 $3,332 (2.05%) $2,548 (33.42%)
1 BR $6.63 $4,100 $4,072 (0.70%) $3,355 (22.19%)
2 BR $6.36 $5,200 $5,378 (-3.32%) $4,298 (20.98%)
3 BR $5.72 $5,895 $6,332 (-6.91%) $4,583 (28.62%)
4+ BR $6.32 $7,995 $7,695 (3.90%) $6,683 (19.63%)

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 $3,300 per month. A total of 15 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 62.25% more expensive than other cities nearby. One bedrooms are about 46.99% more expensive. Two bedrooms in New York, NY are about 41.00% more expensive. Finally, rent for three bedrooms are about 24.48% 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 N/A $1,500 $2,300 $2,350
West Babylon, NY N/A $2,395 $2,825 $2,500
Asbury Park, NJ $1,650 $2,150 $2,800 $2,700
Yonkers, NY $2,100 $2,200 $2,800 $2,775
Ocean Grove, NJ $1,625 $1,900 $2,400 $3,100
White Plains, NY $2,275 $2,650 $3,800 $3,300
Long Beach, NY $1,925 $2,700 $3,200 $3,500
New Rochelle, NY $2,413 $2,850 $3,500 $3,500
Long Branch, NJ N/A $3,000 $3,725 $3,800
Harrison, NY $2,635 $2,840 $4,098 $4,163

Top Neighborhoods Near New York

There are a total of 60 neighborhoods in or near New York. Some of these neighborhoods include Flatbush, Bedford-Stuyvesant, and Central Harlem. 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 $4,266 per month. A total of 28 neighborhoods have a lower average rent. Meaning, only two neighborhoods have a higher average rent than $4,266. Interestingly, the neighborhoods' average rent is higher than New York's average rent, which is only $4,200. 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 $12,000 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 $2,633 $2,800 $3,100 $3,025
Bedford-Stuyvesant, New York, NY $2,350 $2,800 $3,100 $3,135
Central Harlem, New York, NY $2,363 $2,695 $3,448 $3,200
East Harlem, New York, NY $3,600 $3,095 $2,998 $3,250
Harlem, New York, NY $2,675 $2,850 $3,195 $3,363
Bushwick, New York, NY $2,790 $3,081 $3,250 $3,366
West Harlem, New York, NY $2,675 $2,780 $3,200 $3,400
Crown Heights, New York, NY $2,657 $3,038 $4,250 $3,575
Murray Hill, New York, NY $3,425 $4,150 $6,400 $3,995
Upper East Side, New York, NY $3,337 $3,800 $4,973 $3,999
Long Island City, New York, NY $3,289 $3,896 $5,869 $4,018
Hell's Kitchen, New York, NY $3,350 $4,000 $5,496 $4,168
Financial District, New York, NY $3,450 $4,500 $6,324 $4,264
Downtown Brooklyn, New York, NY $3,425 $4,205 $5,725 $4,269
Prospect Heights, New York, NY $3,557 $4,495 $5,995 $4,370
Hudson Yards, New York, NY $3,630 $4,444 $6,518 $4,486
NoLita, New York, NY $9,943 $3,900 $5,495 $4,495
East Village, New York, NY $2,895 $3,773 $4,495 $4,495
Midtown East, New York, NY $3,450 $4,425 $5,995 $4,500
Kips Bay, New York, NY $3,675 $4,250 $5,446 $4,508
Williamsburg, New York, NY $3,832 $4,554 $5,000 $4,750
Greenwich Village, New York, NY $4,100 $5,848 $7,695 $4,875
Lower East Side, New York, NY $3,496 $4,000 $4,780 $4,995
Upper West Side, New York, NY $3,250 $4,461 $7,300 $5,000
West Village, New York, NY $3,575 $5,200 $6,750 $5,150
Midtown, New York, NY $3,625 $4,221 $6,480 $5,250
Little Italy, New York, NY $3,275 $4,500 $4,850 $5,295
Gramercy Park, New York, NY $3,750 $5,515 $4,995 $5,330
Chelsea, New York, NY $3,925 $5,598 $7,995 $5,395
NoMad, New York, NY $4,342 $5,683 $8,210 $5,726

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 29 counties have a lower average rent. The county that is the most affordable is Bridgeport, CT. It's average rent per month is $2,000. 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 50.64% more expensive than other counties nearby. In comparison, rent for one bedroom listings in New York, NY is 39.77% more expensive than other counties nearby. Finally, rent for two bedrooms in New York, NY is 36.40% 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 $2,200 $2,800 $2,775
Bronx, New York, NY $1,998 $2,575 $3,163 $3,100
Queens, New York, NY $2,853 $2,795 $3,400 $3,250
Long Beach, NY $1,925 $2,700 $3,200 $3,500
Hempstead, NY $2,000 $2,548 $3,055 $3,500
New Rochelle, NY $2,413 $2,850 $3,500 $3,500
Brooklyn, New York, NY $3,373 $3,650 $4,200 $3,850
Oyster Bay, NY $2,405 $2,540 $3,408 $4,200
Manhattan, New York, NY $3,471 $4,350 $5,556 $4,495
North Hempstead, NY $3,000 $2,545 $3,975 $4,500

Top Zipcodes Near New York

There are a total of 8 zipcodes in or near New York, NY. The average rent for all of these zipcodes is $3,071. A total of 6 zipcodes have a average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 11209, New York, NY at $2,700 per month. In comparison, the zipcode with the most expensive average rent of $4,995 per month is 10023, New York, NY.

Studios in these zipcodes have an average rent of $2,533. That's at least $5 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 $2,829 per month. Or in other words, $4 per sqft. Meanwhile, two bedroom apartments will cost you an average of $3,399 per month. Which comes out to $3 per sqft. The following chart includes the top 8 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 $3,350 $4,149 $4,995 $4,000
10023, New York, NY $3,375 $4,995 $8,295 $4,995
11375, New York, NY $2,665 $2,950 $3,448 $3,150
10035, New York, NY $2,307 $2,550 $3,098 $2,850
10280, New York, NY $3,747 $4,500 $6,429 $4,527
10463, New York, NY $2,400 $2,708 $3,350 $2,993
11230, New York, NY N/A $2,600 $3,050 $2,775
11209, New York, NY $1,973 $2,473 $2,800 $2,700

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 $4,200. 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 $3,444 and an average price per square feet of $7.44. There are a total of 4,381 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 $4,150 and an average price per square feet of $6.63. There are a total of 7,634 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 $5,000 and an average price per square feet of $6.36. There are a total of 6,339 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 -0.07% year-over-year.
What is a reasonable rent price in New York, NY?
A reasonable rent price in New York, NY is around $3,360/month. You can search for these reasonably priced rental listings on RentHop.
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