Average Rent in Garment District, New York, NY

Current Versus Historical Garment District, New York, NY Rents

Garment District rentals average $3,548 for a studio rental to $10,000 for a 4-bedroom rental. The median price of all currently available listings is $5,500, or roughly $6 per square feet.

For the apartment units and housing in May 2024, median rents have been roughly unchanged over the last year. Studio rentals prices have decreased by $238 (-6.73%) year-over-year from $3,533 to $3,295. 1-bedroom rentals prices have decreased by $2 (-0.03%) year-over-year from $4,390 to $4,389. 2-bedroom rentals prices have decreased by $268 (-4.71%) year-over-year from $5,686 to $5,418. 3-bedroom rentals prices have increased by $0 (0.00%) year-over-year from $7,500 to $7,500. 4-bedroom rentals prices have decreased by $4,667 (-31.82%) year-over-year from $14,667 to $10,000. 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 down by 2.07% this month. 1-bedroom rents have gone down by 1.57% this month. 2-bedroom rents have gone down by 0.25% this month. 3-bedroom rents have gone up by 7.14% this month. 4-bedroom rents have gone up by 9.09% this month.

Beds	Price / Sqft	May 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	N/A	$3,295	$3,533 (-6.73%)	$2,629 (25.35%)
1 BR	$6.64	$4,389	$4,390 (-0.03%)	$3,222 (36.22%)
2 BR	$6.13	$5,418	$5,686 (-4.71%)	$4,472 (21.14%)
3 BR	$6.19	$7,500	$7,500 (0.00%)	$4,683 (60.14%)
4+ BR	N/A	$10,000	$14,667 (-31.82%)	$16,592 (-39.73%)

Historical Rents in Garment District, New York, NY

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near Garment District

There are a total of 32 cities nearby Garment District. The average rent in Garment District is currently $3,304 per month. A total of 28 cities nearby have an average rent lower than that. Our records show that Bridgeport, CT, with an average rent of $1,950, is the most affordable city nearby. In contrast, the most expensive city near Garment District, New York, NY is Westport, CT. Monthly rents here are on average $16,000 per month.

Let's compare Garment District, New York, NY's rent against other top cities nearby by bedroom size. Typically, rent for studios in Garment District, New York, NY is 51.02% more expensive than other cities nearby. One bedrooms are about 44.01% more expensive. Two bedrooms in Garment District, New York, NY are about 46.92% more expensive. Finally, rent for three bedrooms are about 46.94% more expensive. Want more information? Check out the top 10 cities out of 32 total cities near Garment District, New York, NY in the following chart.

City	Studio	1 Bed	2 Bed	All
Newark, NJ	$1,950	$1,848	$2,100	$2,300
Bayonne, NJ	$2,275	$2,079	$2,443	$2,400
West New York, NJ	$1,850	$2,550	$2,850	$2,700
Jersey City, NJ	$2,753	$2,700	$2,650	$2,700
Union City, NJ	$1,900	$2,100	$2,800	$2,800
Fort Lee, NJ	$1,450	$2,300	$3,050	$2,925
Cliffside Park, NJ	N/A	$2,125	$3,200	$3,100
Palisades Park, NJ	N/A	$1,950	$2,750	$3,500
Hoboken, NJ	$3,063	$3,200	$4,200	$3,700
New York, NY	$3,500	$4,200	$5,075	$4,400

Top Neighborhoods Near Garment District

There are a total of 53 neighborhoods in or near Garment District. Some of these neighborhoods include The Heights, The Waterfront, and Bowery. We've included the top 30 neighborhoods out of 53 total neighborhoods in or near Garment District, New York, NY in the following chart.

The average rent for these 30 neighborhoods in or near Garment District, New York, NY is currently around $4,295 per month. A total of 46 neighborhoods have a lower average rent. Out of all the neighborhoods in or near Garment District, East Side has the most affordable average rent at $1,900 per month. Whereas, at $8,250 average rent per month, Ocean Beach is the most expensive neighborhood in or near Garment District. View the following chart for more information.

Neighborhood	Studio	1 Bed	2 Bed	All
The Heights, Jersey City, NJ	N/A	$2,300	$2,650	$2,700
The Waterfront, Jersey City, NJ	$3,016	$3,494	$5,197	$3,683
Bowery, New York, NY	$2,870	$3,995	$3,999	$3,995
Upper East Side, New York, NY	$2,985	$3,400	$4,950	$4,000
Long Island City, New York, NY	$3,323	$4,050	$5,885	$4,050
Financial District, New York, NY	$3,500	$4,514	$6,463	$4,373
NoLita, New York, NY	$3,795	$4,495	$5,600	$4,495
East Village, New York, NY	$2,638	$3,625	$4,495	$4,500
Hell's Kitchen, New York, NY	$3,498	$4,025	$6,080	$4,500
Midtown East, New York, NY	$3,595	$4,200	$5,650	$4,700
Williamsburg, New York, NY	$3,685	$4,500	$4,650	$4,750
Greenwich Village, New York, NY	$3,975	$4,800	$5,075	$4,800
West Village, New York, NY	$4,575	$4,595	$6,495	$4,800
Kips Bay, New York, NY	$3,806	$3,995	$5,210	$4,825
Murray Hill, New York, NY	$3,500	$4,285	$6,400	$4,850
Flatiron District, New York, NY	$4,050	$5,898	$8,642	$4,900
Upper West Side, New York, NY	$3,200	$4,529	$6,898	$4,950
Hudson Yards, New York, NY	$3,739	$4,400	$6,900	$4,976
Little Italy, New York, NY	$3,900	$4,975	$5,500	$5,000
Midtown South, New York, NY	$3,655	$4,883	$6,921	$5,090
Battery Park City, New York, NY	$3,700	$4,500	$6,250	$5,095
Chelsea, New York, NY	$3,868	$5,430	$7,915	$5,095
Greenpoint, New York, NY	$3,489	$4,295	$5,650	$5,172
Lower East Side, New York, NY	$3,300	$3,600	$4,495	$5,195
NoMad, New York, NY	$4,444	$5,594	$8,456	$5,606
Stuyvesant Town - Peter Cooper Village, New York, NY	N/A	$5,082	$6,127	$5,613
Midtown, New York, NY	$3,500	$4,400	$6,750	$6,206
Gramercy Park, New York, NY	$3,815	$5,175	$5,312	$6,395
Tribeca, New York, NY	$4,250	$5,795	$7,295	$6,950
SoHo, New York, NY	$4,700	$3,950	$13,500	$7,500

Top Counties Near Garment District

There are a total of 53 counties located by Garment District, New York, NY. Some of these counties include Bayonne, NJ, West New York, NJ, and Jersey City, NJ. The average rent for rentals in these counties is $3,649. That's roughly around $3 per sqft. A total of 37 counties have a lower average rent. The county that is the most affordable is Bridgeport, CT. It's average rent per month is $1,950. Vice versa, with an average rent of $16,000, Westport, CT is the most expensive county by Garment District, New York, NY.

Typically, rent for studios in Garment District, New York, NY is 45.03% more expensive than other counties nearby. In comparison, rent for one bedroom listings in Garment District, New York, NY is 40.20% more expensive than other counties nearby. Finally, rent for two bedrooms in Garment District, New York, NY is 45.76% more expensive than other counties nearby. We've listed the top 10 counties in the chart below.

County	Studio	1 Bed	2 Bed	All
Bayonne, NJ	$2,275	$2,079	$2,443	$2,400
West New York, NJ	$1,850	$2,550	$2,850	$2,700
Jersey City, NJ	$2,753	$2,700	$2,650	$2,700
North Bergen, NJ	$2,149	$2,100	$2,875	$2,800
Fort Lee, NJ	$1,450	$2,300	$3,050	$2,925
Cliffside Park, NJ	N/A	$2,125	$3,200	$3,100
Palisades Park, NJ	N/A	$1,950	$2,750	$3,500
Hoboken, NJ	$3,063	$3,200	$4,200	$3,700
Brooklyn, New York, NY	$3,483	$4,000	$4,175	$3,975
Manhattan, New York, NY	$3,550	$4,385	$5,600	$4,600

Top Zipcodes Near Garment District

There are a total of 50 zipcodes in or near Garment District, New York, NY. The average rent for all of these zipcodes is $4,495. A total of 44 zipcodes have a average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 07756, Ocean Grove, NJ at $3,000 per month. In comparison, the zipcode with the most expensive average rent of $7,750 per month is 07762, Spring Lake Heights, NJ.

Studios in these zipcodes have an average rent of $3,331. That's at least $7 per sqft. Do you need more space than that? Average rent for one bedroom rentals for the zipcodes in or near Garment District, New York, NY is $4,148 per month. Or in other words, $7 per sqft. Meanwhile, two bedroom apartments will cost you an average of $5,543 per month. Which comes out to $6 per sqft. The following chart includes the top 10 zipcodes in Garment District, New York, NY. You can view the average rent breakdown for each zipcode by bedroom size.

Zipcode	Studio	1 Bed	2 Bed	All
10036, New York, NY	$3,469	$4,195	$6,233	$4,450
10018, New York, NY	$3,585	$4,750	$6,595	$5,000
10001, New York, NY	$4,239	$5,350	$7,943	$5,486
10019, New York, NY	$3,500	$4,212	$6,500	$4,798
10017, New York, NY	$4,050	$4,183	$8,000	$5,140
10011, New York, NY	$3,600	$5,500	$6,895	$4,495
10016, New York, NY	$3,600	$4,200	$5,800	$4,600
10010, New York, NY	$4,050	$4,812	$5,315	$5,395
10022, New York, NY	$3,395	$4,500	$5,300	$4,550
10069, New York, NY	$4,250	$5,280	$7,630	$5,595

Frequently Asked Questions - Garment District Average Rents

What is the average rent price in Garment District, New York, NY?

The average monthly rental price for Garment District, New York, NY apartments for rent is approximately $5,500. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do Garment District, 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 Garment District, New York, NY.

How much is a studio apartment in Garment District, New York, NY?

The average monthly rental price for studio apartments is $3,548 and an average price per square feet of $0. There are a total of 12 studio apartment listings currently available for rent in Garment District.

How much is a one bedroom apartment in Garment District, New York, NY?

The average monthly rental price for one bedroom apartments is $4,206 and an average price per square feet of $6.64. There are a total of 18 one bedroom apartment listings currently available for rent in Garment District.

How much is a two bedroom apartment in Garment District, New York, NY?

The average monthly rental price for two bedroom apartments is $5,900 and an average price per square feet of $6.13. There are a total of 24 two bedroom apartment listings currently available for rent in Garment District.

How have rent prices in Garment District, New York, NY changed this year?

Rent prices for rentals in Garment District, New York, NY can fluctuate yearly. Specifically, studio rental prices have changed by -0.07%, one bedroom rental prices have changed by 0.00%, two bedroom rental prices have changed by -0.05%, and three bedroom rental prices have changed by 0.00% year-over-year.

What is a reasonable rent price in Garment District, New York, NY?

A reasonable rent price in Garment District, New York, NY is around $4,400/month. You can search for these reasonably priced rental listings on RentHop.