Average Rent in New York, NY

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Current Versus Historical NYC Rents

New York rentals average $3,401 for a studio rental to $7,695 for a 4-bedroom rental. The median price of all currently available listings is $4,225, 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 increased by $71 (1.75%) year-over-year from $4,079 to $4,150. 2-bedroom rentals prices have decreased by $25 (-0.47%) year-over-year from $5,320 to $5,295. 3-bedroom rentals prices have decreased by $381 (-6.21%) year-over-year from $6,131 to $5,750. 4-bedroom rentals prices have increased by $282 (3.84%) year-over-year from $7,328 to $7,610. 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 0.05% this month. 1-bedroom rents have gone up by 0.34% this month. 2-bedroom rents have gone down by 0.65% this month. 3-bedroom rents have gone down by 2.76% this month. 4-bedroom rents have gone down by 3.26% this month.
Beds
Price / Sqft
Jan 2025 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
Studio $7.70 $3,400 $3,311 (2.69%) $2,650 (28.30%)
1 BR $6.50 $4,150 $4,079 (1.75%) $3,489 (18.93%)
2 BR $6.24 $5,295 $5,320 (-0.47%) $4,128 (28.26%)
3 BR $5.25 $5,750 $6,131 (-6.21%) $4,817 (19.38%)
4+ BR $5.61 $7,610 $7,328 (3.84%) $6,490 (17.26%)

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 $3,575 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 $2,025, 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 59.64% more expensive than other cities nearby. One bedrooms are about 37.65% more expensive. Two bedrooms in New York, NY are about 32.38% more expensive. Finally, rent for three bedrooms are about 27.17% 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
Yonkers, NY $1,600 $2,200 $2,625 $2,650
Asbury Park, NJ $1,875 $2,200 $3,150 $2,850
Stamford, CT $2,117 $2,275 $3,000 $2,995
White Plains, NY $2,175 $2,650 $3,600 $3,498
Ocean Grove, NJ $1,495 $2,750 $2,750 $3,500
Long Beach, NY $2,000 $2,688 $3,500 $3,650
Long Branch, NJ N/A $3,000 $4,250 $3,925
Belmar, NJ N/A $2,875 $15,000 $3,950
Harrison, NY $2,745 $3,090 $4,246 $4,358
Spring Lake, NJ N/A $2,700 $4,875 $8,500

Top Neighborhoods Near New York

There are a total of 55 neighborhoods in or near New York. Some of these neighborhoods include Flatbush, Bedford-Stuyvesant, and Crown Heights. We've included the top 30 neighborhoods out of 55 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 $4,314 per month. A total of 24 neighborhoods have a lower average rent. Meaning, only six neighborhoods have a higher average rent than $4,314. Interestingly, the neighborhoods' average rent is higher than New York's average rent, which is only $4,225. Out of all the neighborhoods in or near New York, Brooklawn - St. Vincent has the most affordable average rent at $1,800 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 $2,673 $2,750 $3,200 $3,000
Bedford-Stuyvesant, New York, NY $2,490 $2,979 $3,100 $3,130
Crown Heights, New York, NY $2,842 $2,920 $3,775 $3,300
East Harlem, New York, NY $3,100 $2,857 $3,250 $3,400
Bushwick, New York, NY $2,795 $3,200 $3,450 $3,400
Harlem, New York, NY $2,891 $2,865 $3,262 $3,450
Central Harlem, New York, NY $2,718 $2,909 $3,225 $3,483
West Harlem, New York, NY $2,195 $2,850 $3,450 $3,485
Long Island City, New York, NY $3,268 $3,800 $5,698 $3,995
Murray Hill, New York, NY $3,325 $4,260 $6,100 $4,066
Upper East Side, New York, NY $3,350 $4,000 $5,415 $4,070
Financial District, New York, NY $3,500 $4,408 $6,350 $4,150
Hell's Kitchen, New York, NY $3,493 $4,065 $5,858 $4,314
Downtown Brooklyn, New York, NY $3,447 $4,241 $5,695 $4,350
Prospect Heights, New York, NY $3,561 $4,393 $5,338 $4,350
Kips Bay, New York, NY $3,620 $3,995 $5,375 $4,410
East Village, New York, NY $2,750 $3,695 $4,495 $4,495
NoLita, New York, NY N/A $4,395 $5,495 $4,495
Little Italy, New York, NY $3,250 $4,250 $5,000 $4,500
Hudson Yards, New York, NY $3,490 $4,514 $6,795 $4,653
Midtown East, New York, NY $3,400 $4,500 $6,075 $4,750
Lower East Side, New York, NY $3,413 $3,900 $4,595 $4,765
Williamsburg, New York, NY $3,900 $4,695 $5,256 $4,850
Upper West Side, New York, NY $3,100 $4,499 $7,045 $4,850
Midtown, New York, NY $3,515 $4,395 $7,400 $4,997
Chelsea, New York, NY $3,700 $5,400 $7,818 $5,113
West Village, New York, NY $4,825 $5,495 $6,775 $5,350
Greenwich Village, New York, NY $3,900 $5,700 $6,190 $5,500
Gramercy Park, New York, NY $3,750 $5,533 $5,495 $5,550
NoMad, New York, NY $4,395 $5,674 $8,499 $5,725

Top Counties Near New York

There are a total of 55 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 $3,553. That's roughly around $3 per sqft. A total of 24 counties have a lower average rent. The county that is the most affordable is Bridgeport, CT. It's average rent per month is $2,025. 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 54.49% more expensive than other counties nearby. In comparison, rent for one bedroom listings in New York, NY is 38.25% more expensive than other counties nearby. Finally, rent for two bedrooms in New York, NY is 35.48% 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 $1,600 $2,200 $2,625 $2,650
Woodbridge, NJ N/A $1,888 $2,500 $2,800
Bronx, New York, NY $2,450 $2,575 $3,025 $3,100
Queens, New York, NY $2,895 $2,800 $3,450 $3,250
Hempstead, NY $2,100 $2,675 $3,200 $3,608
Long Beach, NY $2,000 $2,688 $3,500 $3,650
Brooklyn, New York, NY $3,421 $3,600 $4,250 $3,895
Oyster Bay, NY N/A $2,680 $3,623 $3,950
Manhattan, New York, NY $3,465 $4,400 $5,900 $4,500
North Hempstead, NY N/A $2,663 $4,000 $4,600

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 $3,295. 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 $2,938 per month. In comparison, the zipcode with the most expensive average rent of $5,000 per month is 10023, New York, NY.

Studios in these zipcodes have an average rent of $2,680. That's at least $4 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 $3,260 per month. Or in other words, $4 per sqft. Meanwhile, two bedroom apartments will cost you an average of $3,625 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 $4,100 $5,502 $3,995
10023, New York, NY $3,100 $4,995 $8,295 $5,000
11375, New York, NY $2,680 $3,260 $3,625 $3,295
10035, New York, NY $2,275 $2,725 $2,950 $2,938
10463, New York, NY $2,500 $2,680 $3,400 $3,150

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 $4,225. 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 $3,401 and an average price per square feet of $7.70. There are a total of 3,852 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 $6.50. There are a total of 6,867 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 $6.24. There are a total of 5,334 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 0.02%, two bedroom rental prices have changed by 0.00%, 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 $3,380/month. You can search for these reasonably priced rental listings on RentHop.
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