How Much Does a One-Bedroom for Rent Cost?

During the busy summer rental season, prices for New York City apartments increase to meet higher demand. Those looking to rent this time of year will likely sign a lease with a higher rental price than they would by renting in the winter. How much does an apartment cost this time of year? We’ve broken the costs down by borough and bedroom to help you make an informed decision for your own rental process.

Average Rent in New York City

The average rent for a New York City apartment is $4,425 in August 2024. This average considers the rent for active listings across the five boroughs, including all room sizes. Renters have plenty of opportunities to find apartments under the average rent if they’re looking to save money.

Looking specifically at a one-bedroom for rent, the current median rent for this size apartment is $4,200, slightly lower than the median rent for all bedroom sizes. Renters can choose from over 7,000 one-bedroom apartment listings to find their new home. Continue reading to learn more about the average one-bedroom rent in each borough and see examples of units at that price point.

Manhattan Average One-Bedroom for Rent

Manhattan has the most expensive rental market, with the median rent for one-bedroom apartments currently at $4,415. When looking at one-bedroom apartments in this price range, renters can entertain the following options:

1. 124 West 93rd Street #4E

Neighborhood: Upper West Side Price: $4,500 Size: 1 Bed, 1 Bath This bright and spacious apartment features tall ceilings, molding, and unique hardwood floors. The unit comes furnished, making it ideal for renters who need to set up their new home quickly. Throughout the unit, tenants will find stainless steel appliances in the kitchen, a modern tiled bathroom, and multiple closets. This 750-square-foot unit resides in a doorman building with an elevator, a large outdoor garden with a barbeque, and laundry facilities.

2. 114 Mulberry Street #703

Neighborhood: Little Italy Price: $4,400 Size: 1 Bed, 1 Bath This one-bedroom apartment offers modern finishes like recessed lighting, a sleek kitchen, and light hardwood floors. The unit boasts a private balcony off of the living room, overlooking a courtyard. Renters will appreciate in-unit air conditioning and radiant heated floors in the bathroom. They’ll find an elevator, a rooftop terrace, and a storage facility in the pet-friendly building.

3. 66 Madison Avenue #5C

Neighborhood: NoMad Price: $4,500 Size: 1 Bed, 1 Bath Renters can spread out in this spacious bedroom with a sliding door that opens into the living room. This apartment receives plenty of natural light and includes a modern kitchen with a wine fridge, stainless steel appliances, and a dishwasher. Renters will find a laundry room, a 24-hour doorman, and a full-time porter in the building.

Brooklyn Average One-Bedroom for Rent

Brooklyn renters face a slightly more affordable rental market than their Manhattan neighbors, where the average one-bedroom rent is $4,000. Those looking to rent around the average price point in the borough can consider the following one-bedroom apartments for rent in Brooklyn:

1. 185 York Street #1A

Neighborhood: Vinegar Hill Price: $3,950 Size: 1 Bed, 1 Bath Renters will enjoy this second-floor unit in a boutique condominium building. The spacious living room includes recessed lighting and hardwood floors and opens onto a private balcony overlooking the neighborhood. The kitchen boasts energy-efficient stainless steel appliances, counter space, and plenty of room for barstool seating. Tenants will appreciate amenities throughout the apartment, like in-unit laundry, central air conditioning, and large closets. Residents can access a roof deck with a barbeque, a community room, and storage throughout the building.

2. 99 Fleet Place #20H

Neighborhood: Downtown Brooklyn Price: $4,089 Size: 1 Bed, 1 Bath In Downtown Brooklyn, renters can relax in this spacious unit that resides in a luxury building. This brand-new apartment includes in-unit laundry, energy-efficient appliances, and custom stonework. Showstopping amenities decorate the building, providing renters access to a fitness center with a yoga studio and pickleball court, a furnished rooftop deck and dog park, and a co-working space. The building has a 24-hour doorman, bike room, and onsite parking as well.

3. 77 Commercial Street #1410N

Neighborhood: Greenpoint Price: $3,900 Size: 1 Bed, 1 Bath Greenpoint renters can secure a modern apartment with stainless steel appliances, in-unit laundry, and recessed lighting. This home boasts oversized windows that welcome plenty of natural sunlight. In the bedroom, renters will appreciate enough space for a queen-size bed and an oversized walk-in closet. Like the other Brooklyn units, this apartment building includes various amenities like sports courts, a sauna, a swimming pool, and a furnished roof deck. Renters can pay an additional fee for a parking spot in the garage.

Queens Average One-Bedroom for Rent

Queens offers more affordable apartments than Manhattan and Brooklyn, where the average one-bedroom rent is $2,850. The following one-bedroom apartments at the average price point have modern finishes and access to building amenities.

1. 37-3 27th Street #1

Neighborhood: Long Island City Price: $2,800 Size: 1 Bed, 1 Bath Renters prioritizing a large kitchen will feel right at home in this apartment. The kitchen includes an island with room for seating, stainless steel appliances, and a dishwasher. Hardwood floors run throughout the apartment, and the bedroom includes a mirrored closet. Split AC units run throughout the space, and tenants can access a private backyard deck. Renters can have pets with approval and purchase a parking spot.

2. 2039 Gates Avenue #1C

Neighborhood: Ridgewood Price: $2,950 Size: 1 Bed, 1 Bath This modern apartment includes in-unit laundry and does not charge a broker fee. In the open-concept kitchen and living area, renters will find stainless steel appliances, a dishwasher, and split air conditioning. The home includes a bedroom off of the living area but also includes an entire lower level. Renters could use this as the bedroom instead or optimize it as a second living area, at-home office, or recreation room. This pet-friendly unit resides in a building with a common outdoor area.

3. 43-7 31st Avenue

Neighborhood: Astoria Price: $2,899 Size: 1 Bed, 1 Bath This Astoria apartment provides city views and offers several windows. The open-concept kitchen and living area include an island with barstool seating options, stainless steel appliances, and recessed lighting. Renters will have a slightly narrow bedroom, making this more appealing for a single renter than a couple. This pet-friendly apartment does not charge a broker fee.

Bronx Average One-Bedroom for Rent

In the Bronx, tenants can expect to spend a median price of $2,575 for a one-bedroom apartment for rent. This is a lower rental than the one-bedrooms in Manhattan and Brooklyn and slightly more affordable than Queens.

1. 299 East 161st Street #903

Neighborhood: Concourse Village Price: $2,575 Size: 1 Bed, 1 Bath This newly built one-bedroom offers two and half months free, bringing the net effective rent to $2,575. In the living area, renters will find oversized windows, stainless steel appliances, and room for a dining table and chairs. The bedroom features plenty of closet space, and the entire unit includes high ceilings and hardwood floors. Tenants can access amenities like a fitness center, co-working space, and a roof deck throughout the doorman building.

2. 511 West 235th Street #2

Neighborhood: Riverdale Price: $2,595 Size: 1 Bed, 1 Bath Pre-war apartment lovers can tour this unit, which features a spacious floor plan. Upon entering through the large foyer, renters will find a separate kitchen to their left, complete with a dishwasher, white cabinets, and stainless steel appliances. The unit has plenty of windows, and the bedroom includes two closets. Throughout the building, they can access a laundry room, parking garage, and the assistance of a live-in manager.

3. 276 Grand Concourse #419

Neighborhood: Mott Haven Price: $2,507 Size: 1 Bed, 1 Bath Another modern apartment with sleek finishes is on the market. This unit includes oversized windows that welcome natural light, hardwood floors, and in-unit heating and cooling. Around the pet-friendly building, renters can use a state-of-the-art fitness center, a library and cafe, a game room, and a movie screening room. The building also includes laundry facilities, on-site parking, and bike storage.

Staten Island Average One-Bedroom for Rent

Renters will find the most affordable rental market on Staten Island, where the median price for a one-bedroom apartment is $2,525.

1. 80 Bay St Landing #4K

Neighborhood: Tompkinsville Price: $2,800 Size: 1 Bed, 1.5 Bath The large living room in this apartment includes plenty of windows and hardwood floors. Tenants can easily access the separate kitchen off the living room, including stainless steel appliances and dark wooden cabinets. Owners can have a cat or dog that weighs up to 25 pounds and will not have to pay a broker fee for this unit. The apartment also includes in-unit laundry and central air conditioning.

2. 80 Bay St Landing #9D

Neighborhood: Tompkinsville Price: $3,100 Size: 1 Bed, 2 Bath Another unit in the same building as above, this apartment receives tons of natural light. This living area has a different layout, with an open-concept style with stainless steel appliances, a dishwasher, and plenty of counter space. The apartment also boasts a private outdoor balcony with views of the water. This building also provides access to BBQ areas, a fitness center, and a community garden.