Average Rent in New York, NY

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Current Versus Historical NYC Rents

New York rentals average $3,450 for a studio rental to $7,669 for a 4-bedroom rental. The median price of all currently available listings is $4,249, or roughly $7 per square feet.
For the apartment units and housing in January 2025, median rents have been roughly unchanged over the last year. Studio rentals prices have increased by $89 (2.69%) year-over-year from $3,311 to $3,400. 1-bedroom rentals prices have decreased by $18 (-0.45%) year-over-year from $4,078 to $4,060. 2-bedroom rentals prices have decreased by $325 (-6.11%) year-over-year from $5,320 to $4,995. 3-bedroom rentals prices have decreased by $1,242 (-20.26%) year-over-year from $6,131 to $4,889. 4-bedroom rentals prices have decreased by $778 (-10.62%) year-over-year from $7,328 to $6,550. 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 0.10% this month. 1-bedroom rents have gone down by 1.26% this month. 2-bedroom rents have gone down by 4.51% this month. 3-bedroom rents have gone down by 13.11% this month. 4-bedroom rents have gone down by 12.82% this month.
Beds
Price / Sqft
Jan 2025 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
Studio $7.79 $3,400 $3,311 (2.69%) $2,650 (28.30%)
1 BR $6.59 $4,060 $4,078 (-0.45%) $3,489 (16.35%)
2 BR $6.31 $4,995 $5,320 (-6.11%) $4,128 (20.99%)
3 BR $5.19 $4,889 $6,131 (-20.26%) $4,817 (1.50%)
4+ BR $5.56 $6,550 $7,328 (-10.62%) $6,490 (0.92%)

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 14 cities nearby New York. The average rent in New York is currently $3,500 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 $2,163, 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 $9,500 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 59.24% more expensive than other cities nearby. One bedrooms are about 42.67% more expensive. Two bedrooms in New York, NY are about 32.61% more expensive. Finally, rent for three bedrooms are about 26.13% more expensive. Want more information? Check out the top 10 cities out of 14 total cities near New York, NY in the following chart.
City Studio 1 Bed 2 Bed All
Asbury Park, NJ $1,763 $2,200 $2,775 $2,775
Yonkers, NY $1,850 $2,125 $2,638 $2,800
Stamford, CT $2,025 $2,285 $2,928 $2,850
Long Beach, NY $1,925 $2,525 $3,500 $3,500
White Plains, NY $2,250 $2,650 $3,600 $3,500
Ocean Grove, NJ N/A $3,000 $2,750 $3,500
Long Branch, NJ N/A $3,100 $3,950 $3,900
Belmar, NJ N/A $2,950 $15,000 $4,000
Harrison, NY $2,745 $3,000 $4,244 $4,468
Spring Lake, NJ N/A $2,000 $4,500 $9,500

Top Neighborhoods Near New York

There are a total of 54 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 54 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 $4,332 per month. A total of 25 neighborhoods have a lower average rent. Meaning, only five neighborhoods have a higher average rent than $4,332. Interestingly, the neighborhoods' average rent is higher than New York's average rent, which is only $4,249. 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 $2,581 $2,750 $3,135 $3,000
Bedford-Stuyvesant, New York, NY $2,550 $2,995 $3,100 $3,140
East Harlem, New York, NY $3,550 $2,950 $2,999 $3,200
Bushwick, New York, NY $2,795 $2,900 $3,354 $3,415
Harlem, New York, NY $2,891 $2,895 $3,150 $3,450
Crown Heights, New York, NY $2,842 $3,198 $3,873 $3,462
Central Harlem, New York, NY $2,891 $2,798 $3,200 $3,490
West Harlem, New York, NY $2,195 $2,850 $3,125 $3,600
Murray Hill, New York, NY $3,350 $4,250 $6,300 $3,995
Upper East Side, New York, NY $3,275 $4,095 $5,345 $4,000
Long Island City, New York, NY $3,267 $3,780 $5,633 $4,015
Financial District, New York, NY $3,500 $4,401 $6,275 $4,230
Hell's Kitchen, New York, NY $3,500 $4,060 $5,500 $4,246
Prospect Heights, New York, NY $3,598 $4,395 $5,463 $4,350
NoLita, New York, NY $9,848 $3,850 $5,495 $4,395
Downtown Brooklyn, New York, NY $3,447 $4,195 $5,700 $4,423
East Village, New York, NY $2,750 $3,795 $4,495 $4,495
Kips Bay, New York, NY $3,685 $4,125 $5,500 $4,495
Little Italy, New York, NY $3,250 $4,500 $4,350 $4,500
Midtown East, New York, NY $3,325 $4,425 $6,075 $4,550
Hudson Yards, New York, NY $3,478 $4,447 $6,495 $4,600
Lower East Side, New York, NY $3,457 $3,900 $4,595 $4,750
Williamsburg, New York, NY $3,844 $4,681 $5,100 $4,905
Upper West Side, New York, NY $3,250 $4,495 $6,985 $4,934
West Village, New York, NY $4,834 $5,200 $6,600 $5,000
Chelsea, New York, NY $3,825 $5,499 $7,495 $5,000
Midtown, New York, NY $3,700 $4,274 $6,570 $5,200
Greenwich Village, New York, NY $4,000 $5,800 $6,469 $5,400
Gramercy Park, New York, NY $3,750 $5,445 $5,375 $5,495
NoMad, New York, NY $4,407 $5,675 $8,293 $5,722

Top Counties Near New York

There are a total of 54 counties located by New York, NY. Some of these counties include Yonkers, NY, Edison, NJ, and Bronx, New York, NY. The average rent for rentals in these counties is $3,500. That's roughly around $3 per sqft. A total of 23 counties have a lower average rent. The county that is the most affordable is Bridgeport, CT. It's average rent per month is $2,163. Vice versa, with an average rent of $9,500, Spring Lake, NJ is the most expensive county by New York, NY.

Typically, rent for studios in New York, NY is 59.24% more expensive than other counties nearby. In comparison, rent for one bedroom listings in New York, NY is 39.51% more expensive than other counties nearby. Finally, rent for two bedrooms in New York, NY is 35.09% 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 $1,850 $2,125 $2,638 $2,800
Edison, NJ N/A $2,150 $2,500 $2,825
Bronx, New York, NY $2,400 $2,575 $3,005 $3,000
Queens, New York, NY $2,845 $2,771 $3,445 $3,250
Long Beach, NY $1,925 $2,525 $3,500 $3,500
Hempstead, NY $2,000 $2,500 $3,050 $3,500
Brooklyn, New York, NY $3,422 $3,850 $4,250 $3,949
Oyster Bay, NY N/A $2,660 $3,550 $4,200
Manhattan, New York, NY $3,495 $4,395 $5,795 $4,495
North Hempstead, NY N/A $2,675 $3,500 $4,538

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 $3,250. A total of 4 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 $2,900 per month. In comparison, the zipcode with the most expensive average rent of $5,195 per month is 10023, New York, NY.

Studios in these zipcodes have an average rent of $2,680. 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 $3,240 per month. Or in other words, $4 per sqft. Meanwhile, two bedroom apartments will cost you an average of $3,500 per month. Which comes out to $4 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 $3,326 $4,149 $5,995 $3,800
10023, New York, NY $3,100 $5,070 $8,295 $5,195
11375, New York, NY $2,680 $3,240 $3,500 $3,250
10035, New York, NY $2,250 $2,695 $3,292 $2,975
10463, New York, NY $2,450 $2,685 $3,350 $2,900

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 $4,249. 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 $3,450 and an average price per square feet of $7.79. There are a total of 3,613 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 $4,195 and an average price per square feet of $6.59. There are a total of 6,356 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 $5,027 and an average price per square feet of $6.31. There are a total of 4,928 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 0.00%, two bedroom rental prices have changed by -0.06%, and three bedroom rental prices have changed by -0.20% year-over-year.
What is a reasonable rent price in New York, NY?
A reasonable rent price in New York, NY is around $3,399/month. You can search for these reasonably priced rental listings on RentHop.
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