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 $3,865 for a studio rental to $10,375 for a 4-bedroom rental. The median price of all currently available listings is $5,163, or roughly $8 per square feet.
For the apartment units and housing in May 2024, median rents have fallenover the last year. Studio rentals prices have increased by $103 (3.01%) year-over-year from $3,410 to $3,513. 1-bedroom rentals prices have decreased by $264 (-6.51%) year-over-year from $4,059 to $3,795. 2-bedroom rentals prices have increased by $98 (2.01%) year-over-year from $4,897 to $4,995. 3-bedroom rentals prices have decreased by $700 (-9.59%) year-over-year from $7,295 to $6,595. 4-bedroom rentals prices have increased by $649 (6.94%) year-over-year from $9,351 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 up by 0.77% this month. 1-bedroom rents have gone up by 0.04% this month. 2-bedroom rents have gone up by 4.17% this month. 3-bedroom rents have gone down by 0.01% this month. 4-bedroom rents have gone up by 10.74% this month.
Beds
Price / Sqft
May 2024 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
Studio $7.95 $3,513 $3,410 (3.01%) $2,276 (54.31%)
1 BR $7.70 $3,795 $4,059 (-6.51%) $2,951 (28.60%)
2 BR $7.47 $4,995 $4,897 (2.01%) $3,615 (38.17%)
3 BR $8.12 $6,595 $7,295 (-9.59%) $5,268 (25.20%)
4+ BR $8.27 $10,000 $9,351 (6.94%) $5,899 (69.52%)

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 30 cities nearby Kips Bay. The average rent in Kips Bay is currently $3,650 per month. A total of 23 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 Kips Bay, New York, NY is Westport, CT. Monthly rents here are on average $14,000 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 63.13% more expensive than other cities nearby. One bedrooms are about 46.14% more expensive. Two bedrooms in Kips Bay, New York, NY are about 40.77% more expensive. Finally, rent for three bedrooms are about 39.23% more expensive. Want more information? Check out the top 10 cities out of 30 total cities near Kips Bay, New York, NY in the following chart.
City Studio 1 Bed 2 Bed All
Hackensack, NJ N/A $1,950 $2,748 $2,250
Newark, NJ $1,950 $1,900 $2,100 $2,300
Bayonne, NJ $2,100 $2,100 $2,529 $2,500
West New York, NJ $1,700 $2,463 $2,825 $2,600
Union City, NJ $1,900 $2,100 $2,850 $2,800
Jersey City, NJ $2,088 $2,700 $2,699 $2,800
Fort Lee, NJ $1,550 $2,450 $3,350 $3,000
Edgewater, NJ $2,175 $2,550 $3,750 $3,800
Hoboken, NJ $2,350 $3,100 $3,985 $3,850
New York, NY $3,600 $4,300 $5,200 $4,495

Top Neighborhoods Near Kips Bay

There are a total of 54 neighborhoods in or near Kips Bay. Some of these neighborhoods include Fort Greene, Bowery, and Upper East Side. We've included the top 30 neighborhoods out of 54 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 $4,247 per month. A total of 44 neighborhoods have a lower average rent. Out of all the neighborhoods in or near Kips Bay, East Side has the most affordable average rent at $1,950 per month. Whereas, at $8,125 average rent per month, Ocean Beach is the most expensive neighborhood in or near Kips Bay. View the following chart for more information.
Neighborhood Studio 1 Bed 2 Bed All
Fort Greene, New York, NY $3,520 $4,580 $6,350 $3,715
Bowery, New York, NY $2,800 $3,599 $4,250 $3,995
Upper East Side, New York, NY $2,850 $3,250 $4,750 $4,000
Long Island City, New York, NY $3,300 $4,072 $6,045 $4,000
Clinton Hill, New York, NY $3,395 $3,750 $4,997 $4,108
NoHo, New York, NY $4,150 $4,735 $7,875 $4,200
Downtown Brooklyn, New York, NY $3,423 $4,264 $5,950 $4,294
Murray Hill, New York, NY $3,625 $4,400 $5,800 $4,300
Financial District, New York, NY $3,650 $4,583 $6,495 $4,356
NoLita, New York, NY $3,480 $4,395 $5,600 $4,395
Midtown East, New York, NY $3,400 $4,500 $5,300 $4,500
Flatiron District, New York, NY $4,125 $5,900 $9,071 $4,600
Hell's Kitchen, New York, NY $3,700 $4,381 $5,925 $4,695
East Village, New York, NY $2,843 $3,595 $4,675 $4,798
Greenwich Village, New York, NY $4,100 $5,000 $4,995 $4,800
West Village, New York, NY $3,950 $5,000 $6,250 $4,800
Williamsburg, New York, NY $3,950 $4,652 $4,750 $4,812
Midtown South, New York, NY $3,498 $4,950 $6,995 $4,900
Hudson Yards, New York, NY $3,750 $4,600 $6,995 $5,011
Battery Park City, New York, NY $3,860 $4,900 $6,750 $5,139
Greenpoint, New York, NY $3,523 $4,400 $6,325 $5,150
Little Italy, New York, NY $3,900 $5,000 $5,500 $5,250
Chelsea, New York, NY $3,950 $5,526 $8,020 $5,350
Lower East Side, New York, NY $3,398 $3,995 $4,595 $5,490
SoHo, New York, NY $4,850 $4,850 $6,495 $5,550
NoMad, New York, NY $4,425 $5,590 $8,679 $5,651
Stuyvesant Town - Peter Cooper Village, New York, NY N/A $5,047 $6,127 $5,776
Gramercy Park, New York, NY $3,815 $5,000 $5,795 $5,898
Midtown, New York, NY $3,475 $4,750 $6,500 $6,300
Tribeca, New York, NY $4,350 $6,000 $7,495 $6,850

Top Counties Near Kips Bay

There are a total of 54 counties located by Kips Bay, 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 $4,000. That's roughly around $3 per sqft. A total of 29 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 $14,000, Westport, CT is the most expensive county by Kips Bay, New York, NY.

Typically, rent for studios in Kips Bay, New York, NY is 59.90% more expensive than other counties nearby. In comparison, rent for one bedroom listings in Kips Bay, New York, NY is 38.96% more expensive than other counties nearby. Finally, rent for two bedrooms in Kips Bay, New York, NY is 37.60% 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 $2,100 $2,100 $2,529 $2,500
West New York, NJ $1,700 $2,463 $2,825 $2,600
Jersey City, NJ $2,088 $2,700 $2,699 $2,800
North Bergen, NJ $2,300 $2,373 $2,850 $2,850
Fort Lee, NJ $1,550 $2,450 $3,350 $3,000
Bronx, New York, NY $2,580 $2,900 $3,398 $3,140
Queens, New York, NY $3,204 $3,155 $4,100 $3,545
Hoboken, NJ $2,350 $3,100 $3,985 $3,850
Brooklyn, New York, NY $3,599 $4,043 $4,000 $4,000
Manhattan, New York, NY $3,650 $4,450 $5,650 $4,650

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 $4,500. A total of 39 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 $2,800 per month. In comparison, the zipcode with the most expensive average rent of $9,000 per month is 11561, Lido Beach, NY.

Studios in these zipcodes have an average rent of $3,378. 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 Kips Bay, New York, NY is $4,022 per month. Or in other words, $7 per sqft. Meanwhile, two bedroom apartments will cost you an average of $5,525 per month. Which comes out to $7 per sqft. The following chart 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 $3,750 $4,285 $5,755 $4,572
10010, New York, NY $4,050 $5,175 $5,415 $5,341
10009, New York, NY $2,738 $3,695 $4,595 $4,750
10003, New York, NY $3,998 $4,725 $5,700 $5,495
10017, New York, NY $3,300 $4,400 $9,825 $4,925
10022, New York, NY $3,400 $4,600 $4,995 $4,500
10001, New York, NY $4,202 $5,490 $8,087 $5,490
10012, New York, NY $3,480 $4,125 $5,600 $4,395
10011, New York, NY $3,750 $5,500 $5,925 $4,750
10036, New York, NY $3,785 $4,440 $6,217 $4,550

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 $5,163. 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 $3,865 and an average price per square feet of $7.95. There are a total of 98 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 $4,178 and an average price per square feet of $7.70. There are a total of 334 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 $5,445 and an average price per square feet of $7.47. There are a total of 261 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 0.03%, one bedroom rental prices have changed by -0.07%, two bedroom rental prices have changed by 0.02%, and 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 $4,130/month. You can search for these reasonably priced rental listings on RentHop.
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