Average Rent in Garment District, New York, NY

Current Versus Historical Garment District, New York, NY Rents

Garment District rentals average $3,850 for a studio rental to $12,100 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 April 2024, median rents have been roughly unchanged over the last year. Studio rentals prices have increased by $72 (2.07%) year-over-year from $3,498 to $3,570. 1-bedroom rentals prices have decreased by $42 (-0.96%) year-over-year from $4,342 to $4,300. 2-bedroom rentals prices have decreased by $636 (-11.28%) year-over-year from $5,636 to $5,000. 3-bedroom rentals prices have increased by $386 (5.42%) year-over-year from $7,114 to $7,500. 4-bedroom rentals prices have decreased by $1,000 (-8.33%) year-over-year from $12,000 to $11,000. 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 up by 4.45% this month. 1-bedroom rents have gone down by 4.35% this month. 2-bedroom rents have gone down by 6.91% this month. 3-bedroom rents have gone up by 7.14% this month. 4-bedroom rents have gone up by 29.41% this month.

Beds	Price / Sqft	Apr 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	N/A	$3,570	$3,498 (2.07%)	$2,459 (45.17%)
1 BR	$6.30	$4,300	$4,342 (-0.96%)	$3,197 (34.52%)
2 BR	$6.13	$5,000	$5,636 (-11.28%)	$4,222 (18.43%)
3 BR	$9.38	$7,500	$7,114 (5.42%)	$4,683 (60.14%)
4+ BR	N/A	$11,000	$12,000 (-8.33%)	$15,333 (-28.26%)

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 31 cities nearby Garment District. The average rent in Garment District is currently $3,000 per month. A total of 27 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 $15,475 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 57.14% more expensive than other cities nearby. One bedrooms are about 47.78% more expensive. Two bedrooms in Garment District, New York, NY are about 48.29% more expensive. Finally, rent for three bedrooms are about 45.45% more expensive. Want more information? Check out the top 10 cities out of 31 total cities near Garment District, New York, NY in the following chart.

City	Studio	1 Bed	2 Bed	All
Newark, NJ	$2,150	$2,050	$2,100	$2,300
East Orange, NJ	$1,650	$1,963	$2,600	$2,300
Bayonne, NJ	N/A	$2,036	$2,300	$2,379
West New York, NJ	N/A	$2,475	$2,850	$2,700
Jersey City, NJ	$2,767	$2,700	$2,650	$2,750
Union City, NJ	$1,900	$2,250	$2,800	$2,775
Fort Lee, NJ	$1,500	$2,500	$3,298	$2,850
Cliffside Park, NJ	N/A	$2,150	$3,150	$3,000
Hoboken, NJ	$2,740	$3,229	$4,200	$3,700
New York, NY	$3,495	$4,195	$5,000	$4,340

Top Neighborhoods Near Garment District

There are a total of 55 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 55 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 49 neighborhoods have a lower average rent. Out of all the neighborhoods in or near Garment District, Bay Ridge has the most affordable average rent at $2,600 per month. Whereas, at $8,125 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	$2,175	$2,650	$2,700
The Waterfront, Jersey City, NJ	$3,026	$3,497	$5,013	$3,654
Bowery, New York, NY	$2,870	$3,450	$4,000	$3,900
Long Island City, New York, NY	$3,300	$3,950	$5,900	$3,958
Upper East Side, New York, NY	$2,900	$3,725	$4,900	$4,000
Financial District, New York, NY	$3,500	$4,446	$6,405	$4,295
NoLita, New York, NY	$3,495	$4,495	$4,895	$4,495
East Village, New York, NY	$2,698	$3,595	$4,495	$4,495
Midtown East, New York, NY	$3,300	$4,200	$5,650	$4,500
Hell's Kitchen, New York, NY	$3,464	$4,155	$5,997	$4,500
Murray Hill, New York, NY	$3,550	$4,249	$6,589	$4,595
Lower East Side, New York, NY	$3,173	$3,395	$4,495	$4,622
Kips Bay, New York, NY	$3,780	$4,075	$5,058	$4,695
Upper West Side, New York, NY	$3,115	$4,425	$5,800	$4,800
Greenwich Village, New York, NY	$4,150	$4,800	$5,310	$4,800
West Village, New York, NY	$4,550	$4,595	$5,695	$4,832
Midtown South, New York, NY	$3,785	$4,797	$6,995	$4,895
Greenpoint, New York, NY	$3,495	$4,400	$5,850	$4,949
NoHo, New York, NY	$4,000	$5,000	$7,750	$5,000
Battery Park City, New York, NY	$3,525	$4,400	$6,750	$5,066
Hudson Yards, New York, NY	$3,818	$4,642	$6,950	$5,100
Flatiron District, New York, NY	$4,050	$5,900	$8,642	$5,150
Chelsea, New York, NY	$3,800	$5,495	$7,662	$5,250
Midtown, New York, NY	$3,550	$4,212	$6,725	$5,400
Little Italy, New York, NY	$3,900	$5,250	$5,009	$5,500
Stuyvesant Town - Peter Cooper Village, New York, NY	N/A	$5,054	$6,054	$5,594
NoMad, New York, NY	$4,444	$5,592	$8,060	$5,974
Gramercy Park, New York, NY	$3,815	$5,295	$5,312	$6,198
Tribeca, New York, NY	$4,250	$6,125	$7,295	$6,895
SoHo, New York, NY	$2,973	$3,950	$13,500	$7,725

Top Counties Near Garment District

There are a total of 55 counties located by Garment District, New York, NY. Some of these counties include Newark, NJ, Bayonne, NJ, and West New York, NJ. The average rent for rentals in these counties is $3,750. 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 $15,475, Westport, CT is the most expensive county by Garment District, New York, NY.

Typically, rent for studios in Garment District, New York, NY is 51.16% more expensive than other counties nearby. In comparison, rent for one bedroom listings in Garment District, New York, NY is 43.47% more expensive than other counties nearby. Finally, rent for two bedrooms in Garment District, New York, NY is 46.44% more expensive than other counties nearby. We've listed the top 10 counties in the chart below.

County	Studio	1 Bed	2 Bed	All
Newark, NJ	$2,150	$2,050	$2,100	$2,300
Bayonne, NJ	N/A	$2,036	$2,300	$2,379
West New York, NJ	N/A	$2,475	$2,850	$2,700
Jersey City, NJ	$2,767	$2,700	$2,650	$2,750
North Bergen, NJ	$2,250	$2,125	$2,850	$2,825
Fort Lee, NJ	$1,500	$2,500	$3,298	$2,850
Cliffside Park, NJ	N/A	$2,150	$3,150	$3,000
Hoboken, NJ	$2,740	$3,229	$4,200	$3,700
Brooklyn, New York, NY	$3,475	$3,950	$4,000	$3,864
Manhattan, New York, NY	$3,500	$4,315	$5,500	$4,538

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 $4,473. A total of 45 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 $8,000 per month is 07762, Spring Lake Heights, NJ.

Studios in these zipcodes have an average rent of $3,205. That's at least $8 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 $4,090 per month. Or in other words, $6 per sqft. Meanwhile, two bedroom apartments will cost you an average of $5,395 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	$3,400	$4,300	$6,420	$4,500
10018, New York, NY	$3,758	$4,898	$6,780	$5,065
10001, New York, NY	$4,217	$5,369	$7,995	$5,449
10019, New York, NY	$3,500	$4,113	$6,400	$4,750
10017, New York, NY	$3,200	$4,100	$6,817	$4,915
10011, New York, NY	$3,600	$5,511	$5,681	$4,795
10016, New York, NY	$3,600	$4,231	$5,995	$4,650
10010, New York, NY	$4,028	$4,460	$5,390	$5,306
10022, New York, NY	$3,350	$4,398	$5,550	$4,500
10069, New York, NY	$3,489	$5,167	$7,840	$5,392

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 $3,850 and an average price per square feet of $0. There are a total of 11 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 $4,400 and an average price per square feet of $6.30. There are a total of 21 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 $5,850 and an average price per square feet of $6.13. There are a total of 25 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 0.02%, one bedroom rental prices have changed by -0.01%, two bedroom rental prices have changed by -0.11%, and three bedroom rental prices have changed by 0.05% 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.