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 $7,995 for a 4-bedroom rental. The median price of all currently available listings is $4,275, 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 $125 (3.78%) year-over-year from $3,311 to $3,436. 1-bedroom rentals prices have increased by $121 (2.96%) year-over-year from $4,079 to $4,200. 2-bedroom rentals prices have increased by $80 (1.50%) year-over-year from $5,320 to $5,400. 3-bedroom rentals prices have decreased by $136 (-2.22%) year-over-year from $6,131 to $5,995. 4-bedroom rentals prices have increased by $667 (9.10%) year-over-year from $7,328 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 up by 0.76% this month. 1-bedroom rents have gone up by 1.18% this month. 2-bedroom rents have gone up by 0.60% this month. 3-bedroom rents have gone down by 0.00% this month. 4-bedroom rents have gone down by 0.00% this month.
Beds
Price / Sqft
Jan 2025 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
Studio $7.72 $3,436 $3,311 (3.78%) $2,650 (29.66%)
1 BR $6.64 $4,200 $4,079 (2.96%) $3,489 (20.37%)
2 BR $6.38 $5,400 $5,320 (1.50%) $4,128 (30.80%)
3 BR $5.25 $5,995 $6,131 (-2.22%) $4,817 (24.46%)
4+ BR $6.47 $7,995 $7,328 (9.10%) $6,490 (23.19%)

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 17 cities nearby New York. The average rent in New York is currently $3,525 per month. A total of 11 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 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 55.22% more expensive than other cities nearby. One bedrooms are about 36.96% more expensive. Two bedrooms in New York, NY are about 35.79% more expensive. Finally, rent for three bedrooms are about 32.14% more expensive. Want more information? Check out the top 10 cities out of 17 total cities near New York, NY in the following chart.
City Studio 1 Bed 2 Bed All
Yonkers, NY $1,913 $2,225 $2,675 $2,650
Asbury Park, NJ $1,800 $2,150 $3,400 $3,190
White Plains, NY $2,175 $2,700 $3,498 $3,498
Long Beach, NY $1,995 $2,648 $3,500 $3,500
Ocean Grove, NJ $1,545 $3,100 $2,795 $3,500
Glen Cove, NY $2,550 $3,200 $3,600 $3,525
Oakhurst, NJ N/A N/A N/A $3,800
Long Branch, NJ N/A $3,100 $4,300 $4,250
Harrison, NY $2,745 $3,080 $4,200 $4,485
Belmar, NJ N/A $2,950 $18,000 $5,000

Top Neighborhoods Near New York

There are a total of 58 neighborhoods in or near New York. Some of these neighborhoods include Flatbush, East Harlem, and Bedford-Stuyvesant. We've included the top 30 neighborhoods out of 58 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 $4,275 per month. A total of 29 neighborhoods have a lower average rent. Meaning, only a single neighborhood out of these neighborhoods has a higher average rent. Interestingly, the neighborhoods' average rent is equivalent to New York's average rent, which is also $4,275. Interestingly, the neighborhoods' average rent is less than New York's average rent, which is actually $4,275. Out of all the neighborhoods in or near New York, Brooklawn - St. Vincent has the most affordable average rent at $1,850 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
Flatbush, New York, NY $2,634 $2,781 $3,200 $3,000
East Harlem, New York, NY $3,000 $2,822 $2,995 $3,200
Bedford-Stuyvesant, New York, NY $2,500 $3,100 $3,100 $3,250
Harlem, New York, NY $2,598 $2,827 $3,195 $3,300
Bushwick, New York, NY $2,795 $3,200 $3,303 $3,377
Central Harlem, New York, NY $2,400 $2,925 $3,198 $3,395
West Harlem, New York, NY $2,300 $2,800 $3,600 $3,400
Crown Heights, New York, NY $2,842 $3,000 $3,966 $3,500
Murray Hill, New York, NY $3,380 $4,302 $6,450 $3,984
Upper East Side, New York, NY $3,350 $4,149 $5,508 $4,070
Long Island City, New York, NY $3,322 $3,907 $5,818 $4,088
Little Italy, New York, NY $3,250 $4,250 $5,495 $4,250
Hell's Kitchen, New York, NY $3,424 $4,000 $5,670 $4,250
Prospect Heights, New York, NY $3,600 $4,400 $5,895 $4,322
Financial District, New York, NY $3,525 $4,591 $6,500 $4,338
Downtown Brooklyn, New York, NY $3,366 $4,278 $5,818 $4,395
East Village, New York, NY $2,750 $3,695 $4,495 $4,495
Kips Bay, New York, NY $3,830 $3,927 $5,330 $4,515
Upper West Side, New York, NY $3,093 $4,456 $6,907 $4,550
NoLita, New York, NY N/A $4,695 $5,495 $4,695
Lower East Side, New York, NY $3,413 $3,173 $4,695 $4,695
Williamsburg, New York, NY $3,802 $4,700 $5,500 $4,798
Hudson Yards, New York, NY $3,687 $4,634 $6,950 $4,800
Midtown East, New York, NY $3,495 $4,540 $6,075 $5,000
Chelsea, New York, NY $3,802 $5,700 $7,500 $5,281
West Village, New York, NY $4,550 $5,500 $6,495 $5,500
Midtown, New York, NY $3,688 $4,595 $6,975 $5,607
Greenwich Village, New York, NY $3,675 $5,500 $7,425 $5,700
NoMad, New York, NY $4,444 $5,638 $8,800 $5,721
Gramercy Park, New York, NY $3,750 $5,550 $5,495 $5,795

Top Counties Near New York

There are a total of 58 counties located by New York, NY. Some of these counties include Yonkers, NY, Woodbridge, NJ, and Bronx, New York, NY. The average rent for rentals in these counties is $3,513. That's roughly around $3 per sqft. A total of 22 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, Spring Lake, NJ is the most expensive county by New York, NY.

Typically, rent for studios in New York, NY is 46.20% more expensive than other counties nearby. In comparison, rent for one bedroom listings in New York, NY is 38.39% more expensive than other counties nearby. Finally, rent for two bedrooms in New York, NY is 37.68% 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 $1,913 $2,225 $2,675 $2,650
Woodbridge, NJ N/A $1,863 $2,500 $2,725
Bronx, New York, NY $2,200 $2,575 $3,017 $3,005
Queens, New York, NY $2,850 $2,980 $3,445 $3,277
Long Beach, NY $1,995 $2,648 $3,500 $3,500
Hempstead, NY $2,000 $2,500 $3,200 $3,500
Glen Cove, NY $2,550 $3,200 $3,600 $3,525
Brooklyn, New York, NY $3,450 $3,771 $4,300 $3,900
Manhattan, New York, NY $3,495 $4,495 $5,895 $4,582
North Hempstead, NY N/A $2,950 $4,150 $4,723

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 $3,360. 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 10035, New York, NY at $2,977 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 $2,730. 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 $3,715 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 $3,350 $4,125 $5,515 $3,800
10023, New York, NY $3,150 $4,950 $8,020 $4,995
11375, New York, NY $2,730 $3,240 $3,715 $3,360
10035, New York, NY $2,299 $2,822 $3,000 $2,977
10463, New York, NY $2,600 $2,685 $3,289 $3,125

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 $4,275. 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 $7.72. There are a total of 4,067 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 $4,200 and an average price per square feet of $6.64. There are a total of 7,238 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 $5,295 and an average price per square feet of $6.38. There are a total of 5,571 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 0.04%, one bedroom rental prices have changed by 0.03%, two bedroom rental prices have changed by 0.02%, and three bedroom rental prices have changed by -0.02% year-over-year.
What is a reasonable rent price in New York, NY?
A reasonable rent price in New York, NY is around $3,420/month. You can search for these reasonably priced rental listings on RentHop.
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