Each of the five New York City boroughs are made up of many neighborhoods. From the opulent and finance-savvy Financial District, Manhattan to the diverse and charming Sunnyside, Queens. Neighborhoods can vary vastly. Similarly, the types of apartments in New York City can be drastically different. Today, we’ll explore what kind of 3 bedroom apartment you can get in some of our favorite neighborhoods in each borough based on the city’s 3 bedroom apartment average rent.

What is the average 3 bedroom apartment rent?

New York City is pricey. So it’s probably no surprise to some that a 3 bedroom apartment’s average rent in New York is currently at $6,100/month (that’s about $5.70 per square foot). It’s a lot considering that 3 years ago, the average rent for a 3 bedroom was only $4,500. Many will save on rent costs by sharing an apartment with roommates, a significant other, or family members. A 3 bedroom apartment is great for sharing between three roommates, a young family, or a couple with one room converted into an office space. 

Neighborhoods with a similar 3 bedroom average rent

Long Island City, Queens

Many young professionals and families have chosen to live in this up-and-coming neighborhood located across the East River from Midtown, Manhattan. The average rent of a 3 bedroom apartment in Long Island City is currently $6,965. With that average rent, you can rent the following 3 bedroom Long Island City apartment. 

Location: Center Blvd Price: $6,950 This true 3 bedroom 3 bathroom apartment is located right on the Long Island City waterfront. The building is managed by TF Cornerstone and comes with great building amenities such as a tennis court, landscaped roof terrace, dog run, beach volleyball courts, and state-of-the-art fitness center. Units come furnished with in-unit washer and dryer, floor-to-ceiling windows, and more.

Hell’s Kitchen, Manhattan

Hell’s Kitchen, Manhattan has long been popular with young professionals who work on the west side of the city. The neighborhood is comprised of many pre-war walk-up buildings and some new developments on the edge of the neighborhood by Hudson Yards and Columbus Circle. The average rent of a 3 bedroom apartment in Hell’s Kitchen is currently priced at $6,195. Here is an example of a 3 bedroom unit that you can rent at that rate in Hell’s Kitchen.

Location: 52nd and 9th Ave Price: $6,000 This unique walk-up building unit has three true bedrooms along with a private roof deck. The unit comes furnished with its own washer and dryer and stainless steel appliances. Tenants will find both exposed and painted brick walls throughout the apartment along with gorgeous hardwood floors. This could be a great place for those who enjoy entertaining friends during the summer months.

Neighborhoods with a higher 3 bedroom average rent

Financial District, Manhattan

Luxury high rises and new developments make up the bulk of available housing in the Financial District. As a result, average rent for a 3 bedroom in the Financial District is currently at $7,798. While it’s not as expensive as the next neighborhood on our list, spending over $2500 per room isn’t exactly affordable for most people. Here is a unit we found in Financial District around the average rent. 

Location: Wall Street Price: $7,695 Nothing screams luxury like having access to a resident-only speakeasy lounge in your building. However, that’s not all that residents have access to. A fitness center equipped with Peloton bikes, sky lounge and rooftop with bbq grills, a golf simulator, and library are just some of the additional amenities. Residents can also take advantage of the valet services which include housekeeping and dry-cleaning along with free same-day grocery delivery.

Greenwich Village, Manhattan

With a rich historical past, Greenwich Village is filled with 19th Century row houses, single-family walk ups, and newer luxury highrises. The average 3 bedroom apartment in Greenwich Village can be priced as high as a whopping $12,496/month. Here is an example of such a unit in the neighborhood. 

Location: 78 West 3rd Street Price: $10,000 This true 3 bedroom, 2 bathroom floor-through loft unit is pricey, but gorgeous. The building facade is covered with copper infused brick walls. Internally, residents will fall in love with the chef’s kitchen, bedrooms with custom closets, and a main bedroom with an en suite bathroom. The unit comes with its own washer and dryer for added convenience. Best of all, there’s a spacious private terrace just off of the kitchen and living room. Note, pets are unfortunately not allowed.

Neighborhoods with a lower 3 bedroom average rent

Astoria, Queens

The neighborhood of Astoria in Queens, is filled with pre-war building, row houses, and semi-detached buildings, and historic homes. The average rent for a 3 bedroom home in Astoria is lower than the city’s average at $3,750/month. An example of such a listing can be found here. 

Location: 49th Street & Astoria Blvd Price: $3,400 This amazing 3 bedroom home can be found on the 2nd floor of a multiple family home in Astoria, Queens. The unit is outfitted with stainless steel appliances, brand new hardwood flooring, lots of windows, and great closet space throughout. Pets are welcome to join you in this unit.

Bedford-Stuyvesant, Brooklyn

You’ll find plenty a mix of historical and more modern building in Bed-Stuy. From brownstones to regular mid-rise and high-rise apartments, Bed-Stuy has a little bit of everything. Like Astoria, the average rent for a 3 bedroom apartment in Bed-Stuy is $3,750. 

Location: 47 MacDonough Street Price: $3,500 Fall in love with this pre-war 3 bedroom, 1 bathroom apartment with lots of character. The unit allows for pets and comes with exposed brick, high ceilings, crown molding, and hardwood floors. Tenants can dine in at the eat-in kitchen. The unit itself doesn’t not have a washer or dryer but tenants can always utilize the machines located in the building to do laundry.

In Summary

The type of 3 bedroom apartment you get in each neighborhood can drastically different in price and style. For many renters, the decision ultimately comes down to cost, amenities, and commute times. Interested in seeing more? Check our list of available 3 bedroom apartments all across New York City.