Average Rent in Kips Bay, New York, NY

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Current Versus Historical Kips Bay, New York, NY Rents

Kips Bay rentals average $4,090 for a studio rental to $11,500 for a 4-bedroom rental. The median price of all currently available listings is $5,470, or roughly $103 per square feet.
For the apartment units and housing in July 2026, median rents have risen substantially over the last year. Studio rentals prices have increased by $584 (15.71%) year-over-year from $3,716 to $4,300. 1-bedroom rentals prices have increased by $421 (10.34%) year-over-year from $4,074 to $4,495. 2-bedroom rentals prices have increased by $874 (15.48%) year-over-year from $5,645 to $6,519. 3-bedroom rentals prices have increased by $837 (10.44%) year-over-year from $8,020 to $8,857. 4-bedroom rentals prices have increased by $1,369 (13.32%) year-over-year from $10,275 to $11,644. 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 5.95% this month. 1-bedroom rents have gone down by 3.21% this month. 2-bedroom rents have gone up by 4.46% this month. 3-bedroom rents have gone up by 4.47% this month. 4-bedroom rents have gone up by 7.34% this month.
Beds
Price / Sqft
Jul 2026 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
Studio $108.87 $4,300 $3,716 (15.71%) $3,466 (24.07%)
1 BR $100.85 $4,495 $4,074 (10.34%) $4,060 (10.71%)
2 BR $102.60 $6,519 $5,645 (15.48%) $4,962 (31.39%)
3 BR $106.44 $8,857 $8,020 (10.44%) $7,700 (15.03%)
4+ BR $75.09 $11,644 $10,275 (13.32%) $10,002 (16.42%)

Historical Rents in Kips Bay, New York, NY

Studio
1 Bed
2 Bed
3 Bed
4 Bed

Top Cities Near Kips Bay

There are a total of 25 cities nearby Kips Bay. The average rent in Kips Bay is currently $3,015 per month. A total of 22 cities nearby have an average rent lower than that. Our records show that Bridgeport, CT, with an average rent of $2,050, is the most affordable city nearby. In contrast, the most expensive city near Kips Bay, New York, NY is Westport, CT. Monthly rents here are on average $10,500 per month.

Let's compare Kips Bay, New York, NY's rent against other top cities nearby by bedroom size. Typically, rent for studios in Kips Bay, New York, NY is 51.36% more expensive than other cities nearby. One bedrooms are about 43.09% more expensive. Two bedrooms in Kips Bay, New York, NY are about 53.42% more expensive. Finally, rent for three bedrooms are about 55.64% more expensive. Want more information? Check out the top 10 cities out of 25 total cities near Kips Bay, New York, NY in the following table.
City Studio 1 Bed 2 Bed All
Newark, NJ $1,950 $1,600 $1,975 $2,100
Hackensack, NJ $1,773 $1,988 $2,800 $2,400
Garfield, NJ N/A $1,850 $2,200 $2,450
Yonkers, NY $1,798 $2,200 $2,500 $2,600
Jersey City, NJ $3,146 $2,672 $2,700 $2,650
Bayonne, NJ $2,283 $2,675 $3,300 $2,752
Fort Lee, NJ $1,795 $2,800 $3,100 $3,000
Mount Vernon, NY $1,750 $2,300 $2,800 $3,150
Palisades Park, NJ $1,500 $1,988 $3,025 $3,250
New York, NY $3,800 $4,650 $6,200 $4,895

Top Neighborhoods Near Kips Bay

There are a total of 71 neighborhoods in or near Kips Bay. Some of these neighborhoods include Long Island City, Roosevelt Island, and NoHo. We've included the top 30 neighborhoods out of 71 total neighborhoods in or near Kips Bay, New York, NY in the following table.

The average rent for these 30 neighborhoods in or near Kips Bay, New York, NY is currently around $4,685 per month. A total of 49 neighborhoods have a lower average rent. Interestingly, the neighborhoods' average rent is less than Kips Bay's average rent, which is actually $5,470. Out of all the neighborhoods in or near Kips Bay, West End - West Side has the most affordable average rent at $2,000 per month. Whereas, at $8,500 average rent per month, Two Bridges is the most expensive neighborhood in or near Kips Bay. View the following table for more information.
Neighborhood Studio 1 Bed 2 Bed All
Long Island City, New York, NY $3,644 $4,607 $6,506 $4,595
Roosevelt Island, New York, NY $3,610 $4,200 $5,400 $4,595
NoHo, New York, NY $4,750 $4,500 $14,500 $4,600
Greenpoint, New York, NY $3,645 $4,503 $6,877 $4,743
Murray Hill, New York, NY $3,925 $4,953 $7,875 $4,800
Hell's Kitchen, New York, NY $3,675 $4,400 $6,495 $4,855
Williamsburg, New York, NY $4,000 $4,684 $5,550 $5,000
Midtown South, New York, NY $3,850 $5,500 $7,125 $5,100
Financial District, New York, NY $4,103 $5,313 $7,195 $5,200
Midtown, New York, NY $4,000 $5,050 $7,402 $5,400
Midtown East, New York, NY $3,900 $5,100 $7,245 $5,451
NoLita, New York, NY $3,600 $5,495 $6,995 $5,495
Hudson Yards, New York, NY $4,225 $5,625 $8,345 $5,650
Greenwich Village, New York, NY $4,600 $6,080 $8,490 $5,650
DUMBO, New York, NY $3,650 $5,476 $7,370 $5,750
Bowery, New York, NY $4,930 $5,590 $5,995 $5,795
Flatiron District, New York, NY $5,000 $6,800 $10,808 $5,945
East Village, New York, NY $3,998 $4,295 $6,495 $5,995
West Village, New York, NY $4,500 $5,800 $7,495 $5,995
Chelsea, New York, NY $4,487 $6,007 $9,832 $6,035
Civic Center, New York, NY $5,200 $5,850 $9,500 $6,043
Battery Park City, New York, NY $4,797 $5,650 $7,500 $6,288
Lower East Side, New York, NY $4,150 $4,495 $5,995 $6,295
Gramercy Park, New York, NY $4,100 $5,600 $5,650 $6,300
Stuyvesant Town - Peter Cooper Village, New York, NY $5,250 $6,298 $7,513 $6,877
NoMad, New York, NY $4,458 $5,995 $8,000 $6,995
SoHo, New York, NY $4,000 $5,495 $7,923 $7,095
Tribeca, New York, NY $5,995 $6,999 $8,495 $7,995
Little Italy, New York, NY $3,700 $3,875 $4,650 $8,295
Two Bridges, New York, NY N/A $5,295 $8,750 $8,500

Top Counties Near Kips Bay

There are a total of 37 counties located by Kips Bay, New York, NY. Some of these counties include Newark, NJ, Hackensack, NJ, and Jersey City, NJ. The average rent for rentals in these counties is $3,050. That's roughly around $41 per sqft. A total of 36 counties have a lower average rent. The county that is the most affordable is Bridgeport, CT. Its average rent per month is $2,050. Vice versa, with an average rent of $5,490, Manhattan, New York, NY is the most expensive county by Kips Bay, New York, NY.

Typically, rent for studios in Kips Bay, New York, NY is 50.18% more expensive than other counties nearby. In comparison, rent for one bedroom listings in Kips Bay, New York, NY is 46.60% more expensive than other counties nearby. Finally, rent for two bedrooms in Kips Bay, New York, NY is 51.34% more expensive than other counties nearby. We've listed the top 10 counties in the table below.
County Studio 1 Bed 2 Bed All
Newark, NJ $1,950 $1,600 $1,975 $2,100
Hackensack, NJ $1,773 $1,988 $2,800 $2,400
Jersey City, NJ $3,146 $2,672 $2,700 $2,650
Bayonne, NJ $2,283 $2,675 $3,300 $2,752
Fort Lee, NJ $1,795 $2,800 $3,100 $3,000
Bronx, New York, NY $2,537 $2,850 $3,500 $3,234
Palisades Park, NJ $1,500 $1,988 $3,025 $3,250
Queens, New York, NY $3,485 $3,600 $4,250 $3,675
Brooklyn, New York, NY $3,550 $4,100 $4,995 $4,200
Manhattan, New York, NY $3,950 $5,100 $6,900 $5,490

Top Zipcodes Near Kips Bay

There are a total of 50 zipcodes in or near Kips Bay, New York, NY. The average rent for all of these zipcodes is $4,876. A total of 31 zipcodes have an average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 10031, New York, NY at $3,100 per month. In comparison, the zipcode with the most expensive average rent of $8,398 per month is 10013, New York, NY.

Studios in these zipcodes have an average rent of $3,673. That's at least $92 per sqft. Do you need more space than that? Average rent for one bedroom rentals for the zipcodes in or near Kips Bay, New York, NY is $4,581 per month. Or in other words, $88 per sqft. Meanwhile, two bedroom apartments will cost you an average of $6,505 per month. Which comes out to $85 per sqft. The following table includes the top 10 zipcodes in Kips Bay, New York, NY. You can view the average rent breakdown for each zipcode by bedroom size.
Zipcode Studio 1 Bed 2 Bed All
10016, New York, NY $3,925 $4,995 $7,345 $5,295
10010, New York, NY $4,458 $4,824 $7,100 $5,622
10009, New York, NY $3,378 $4,495 $6,320 $6,120
10003, New York, NY $4,325 $5,575 $6,700 $5,950
11109, New York, NY $3,500 $4,498 $6,500 $4,500
10017, New York, NY $4,069 $5,225 $10,700 $5,350
10022, New York, NY $3,750 $5,201 $6,900 $5,495
10001, New York, NY $4,200 $5,926 $9,500 $5,895
10012, New York, NY $3,800 $5,495 $6,995 $5,495
11222, New York, NY $3,645 $4,503 $6,850 $4,735

Frequently Asked Questions - Kips Bay Average Rents

What is the average rent price in Kips Bay, New York, NY?
The average monthly rental price for Kips Bay, New York, NY apartments for rent is approximately $5,470. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.
Do Kips Bay, 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 Kips Bay, New York, NY.
How much is a studio apartment in Kips Bay, New York, NY?
The average monthly rental price for studio apartments is $4,090 and an average price per square feet of $108.87. There are a total of 147 studio apartment listings currently available for rent in Kips Bay.
How much is a one bedroom apartment in Kips Bay, New York, NY?
The average monthly rental price for one bedroom apartments is $4,700 and an average price per square feet of $100.85. There are a total of 415 one bedroom apartment listings currently available for rent in Kips Bay.
How much is a two bedroom apartment in Kips Bay, New York, NY?
The average monthly rental price for two bedroom apartments is $6,494 and an average price per square feet of $102.60. There are a total of 239 two bedroom apartment listings currently available for rent in Kips Bay.
How have rent prices in Kips Bay, New York, NY changed this year?
Rent prices for rentals in Kips Bay, New York, NY can fluctuate yearly. Specifically, studio rental prices have changed by 0.16%, one bedroom rental prices have changed by 0.10%, two bedroom rental prices have changed by 0.15%, three bedroom rental prices have changed by 0.10% year-over-year.
What is a reasonable rent price in Kips Bay, New York, NY?
A reasonable rent price in Kips Bay, New York, NY is around $4,376/month. You can search for these reasonably priced rental listings on RentHop.
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