Average Rent and Costs in Kips Bay, New York, NY

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There are currently active 818 listings advertised for rent in Kips Bay, New York, NY. Kips Bay rentals average $3,465 for a studio rental to $8,780 for a 4-bedroom rental. The median price of all currently available listings is $4,195, or roughly $79 per square feet.
For the apartment units and housing in January 2023, median rents have risen substantially over the last year. Studio rentals prices have increased by $455 (15.46%) year-over-year from $2,945 to $3,465. 1-bedroom rentals prices have increased by $403 (11.78%) year-over-year from $3,420 to $3,895. 2-bedroom rentals prices have increased by $648 (15.64%) year-over-year from $4,147 to $4,995. 3-bedroom rentals prices have increased by $360 (5.97%) year-over-year from $6,035 to $6,350. 4-bedroom rentals prices have increased by $1,482 (20.44%) year-over-year from $7,248 to $8,780. 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 1.54% this month. 1-bedroom rents have gone up by 2.28% this month. 2-bedroom rents have gone down by 0.36% this month. 3-bedroom rents have gone down by 1.06% this month. 4-bedroom rents have gone up by 5.90% this month.
Current Availabilities January 2023
Bedrooms     Rent Price / sqft     Whole Month Rent 1 Yr Ago Rent (% Change) 3 Yr Ago Rent (% Change)
Studio $3,465 $86 $3,400 $2,945 (15.46%) $2,632 (29.20%)
1 BR $3,895 $79 $3,823 $3,420 (11.78%) $3,347 (14.23%)
2 BR $4,995 $72 $4,795 $4,147 (15.64%) $3,880 (23.58%)
3 BR $6,350 $80 $6,395 $6,035 (5.97%) $5,465 (17.02%)
4+ BR $8,780 $88 $8,730 $7,248 (20.44%) $6,700 (30.30%)

Historical Rents in Kips Bay, New York, NY

Studio
1 Bedroom
2 Bedroom
3 Bedroom
4 Bedroom

Top Cities Near Kips Bay

There are a total of 21 cities nearby Kips Bay. The average rent in Kips Bay is currently $3,000 per month. A total of 18 cities nearby have an average rent lower than that. Our records show that Bridgeport, CT, with an average rent of $1,700, is the most affordable city nearby. In contrast, the most expensive city near Kips Bay, New York, NY is Spring Lake, NJ. Monthly rents here are on average $11,750 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 43.72% more expensive than other cities nearby. One bedrooms are about 48.65% more expensive. Two bedrooms in Kips Bay, New York, NY are about 45.20% more expensive. Finally, rent for three bedrooms are about 44.88% more expensive. Want more information? Check out the top 10 cities out of 21 total cities near Kips Bay, New York, NY in the following chart.
City Studio 1BR 2BR All
Newark, NJ $1,950 $1,325 $1,800 $2,048
Bayonne, NJ $2,000 $1,800 $2,400 $2,262
Jersey City, NJ $2,545 $2,531 $2,695 $2,750
West New York, NJ $2,500 $2,725 $2,738 $2,763
Fort Lee, NJ $1,600 $2,500 $3,100 $2,895
Union City, NJ $2,750 $2,900 $2,500 $2,950
Red Bank, NJ $1,925 $2,488 $3,698 $3,000
Hoboken, NJ $3,300 $3,000 $4,000 $3,400
New York, NY $3,195 $3,945 $4,795 $4,000
Long Branch, NJ $1,700 $2,300 $4,000 $4,000

Top Neighborhoods Near Kips Bay

There are a total of 55 neighborhoods in or near Kips Bay. Some of these neighborhoods include Little Italy, Upper East Side, and Long Island City. We've included the top 30 neighborhoods out of 55 total neighborhoods in or near Kips Bay, New York, NY in the following chart.

The average rent for these 30 neighborhoods in or near Kips Bay, New York, NY is currently around $3,995 per month. A total of 31 neighborhoods out of these neighborhoods have a lower average rent. Meaning, only minus one neighborhoods have a higher average rent than $3,995. Out of all the neighborhoods in or near Kips Bay, Kew Gardens has the most affordable average rent at $1,799 per month. Whereas, at $6,750 per month, Tribeca is the most expensive neighborhood in or near Kips Bay. View the following chart for more information.
Neighborhood Studio 1BR 2BR All
Little Italy, New York, NY $3,250 $3,270 $4,698 $3,500
Upper East Side, New York, NY $2,495 $3,395 $4,995 $3,698
Long Island City, New York, NY $3,200 $3,843 $5,562 $3,930
Financial District, New York, NY $3,254 $4,145 $5,761 $3,972
Murray Hill, New York, NY $3,100 $3,900 $4,250 $3,995
Bowery, New York, NY $3,988 $3,250 $4,295 $3,995
Brooklyn Heights, New York, NY $3,100 $3,900 $6,657 $4,174
Lower East Side, New York, NY $2,488 $3,258 $4,195 $4,195
Downtown Brooklyn, New York, NY $3,194 $4,061 $5,600 $4,198
NoLita, New York, NY N/A $4,295 $4,795 $4,295
East Village, New York, NY $2,600 $3,495 $4,495 $4,295
Hell's Kitchen, New York, NY $3,200 $3,900 $5,195 $4,395
Greenpoint, New York, NY $3,452 $4,035 $4,578 $4,408
Midtown East, New York, NY $3,000 $4,300 $5,900 $4,450
Hudson Yards, New York, NY $3,800 $4,290 $6,340 $4,462
Williamsburg, New York, NY $3,607 $4,570 $4,375 $4,500
Chelsea, New York, NY $3,700 $4,900 $6,995 $4,710
NoHo, New York, NY $3,575 $4,250 $6,818 $4,725
Greenwich Village, New York, NY $3,250 $5,395 $5,500 $4,750
Midtown South, New York, NY $3,700 $4,743 $6,975 $4,775
Battery Park City, New York, NY $3,395 $3,850 $7,892 $4,813
Roosevelt Island, New York, NY $3,021 $3,400 $5,141 $5,068
DUMBO, New York, NY $3,835 $4,786 $6,825 $5,095
West Village, New York, NY $3,850 $4,995 $5,600 $5,295
Flatiron District, New York, NY $3,650 $5,550 $8,685 $5,425
Midtown, New York, NY $3,725 $4,095 $6,000 $5,500
NoMad, New York, NY $4,455 $5,275 $8,500 $5,530
SoHo, New York, NY $3,195 $4,675 $14,750 $5,800
Gramercy Park, New York, NY $3,500 $4,275 $5,395 $5,995
Tribeca, New York, NY $4,500 $5,313 $6,954 $6,750

Top Counties Near Kips Bay

County Studio 1BR 2BR All
Bayonne, NJ $2,000 $1,800 $2,400 $2,262
North Bergen, NJ $1,975 $1,925 $3,100 $2,700
Jersey City, NJ $2,545 $2,531 $2,695 $2,750
West New York, NJ $2,500 $2,725 $2,738 $2,763
Fort Lee, NJ $1,600 $2,500 $3,100 $2,895
Union City, NJ $2,750 $2,900 $2,500 $2,950
Queens, New York, NY $2,890 $2,675 $2,850 $2,982
Hoboken, NJ $3,300 $3,000 $4,000 $3,400
Brooklyn, New York, NY $3,381 $3,738 $3,650 $3,600
Manhattan, New York, NY $3,187 $3,995 $5,050 $4,200

Top Zipcodes Near Kips Bay

Zipcode Studio 1BR 2BR All
10016, New York, NY $3,300 $3,995 $4,898 $4,250
10010, New York, NY $3,600 $3,895 $4,995 $4,064
10009, New York, NY $2,600 $3,495 $4,395 $4,195
10003, New York, NY $3,500 $3,910 $5,395 $5,395
10017, New York, NY $3,000 $4,250 $6,350 $4,450
10022, New York, NY $2,975 $4,300 $5,783 $4,495
10001, New York, NY $3,917 $4,788 $6,995 $4,707
10012, New York, NY $2,995 $4,295 $4,995 $4,295
11222, New York, NY $3,387 $4,018 $4,356 $4,356
10011, New York, NY $3,400 $5,200 $6,295 $4,800
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