Average Rent in Koreatown, New York, NY

Home  »  NY  »  New York  »  Koreatown

Current Versus Historical Koreatown, New York, NY Rents

Koreatown rentals average $3,389 for a studio rental to $0 for a 3-bedroom rental. The median price of all currently available listings is $4,921, or roughly $6 per square feet.
For the apartment units and housing in March 2024, median rents have risen over the last year. Studio rentals prices have increased by $39 (1.15%) year-over-year from $3,350 to $3,389. 1-bedroom rentals prices have increased by $294 (6.35%) year-over-year from $4,627 to $4,921. 2-bedroom rentals prices have increased by $1,496 (27.17%) year-over-year from $5,504 to $7,000. 3-bedroom rentals prices have increased by $3,300 (66.00%) year-over-year from $5,000 to $8,300. 4-bedroom rentals prices have increased by $0 (0.00%) year-over-year from $7,000 to $7,000. 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 0.22% this month. 1-bedroom rents have gone up by 0.09% this month. 2-bedroom rents have gone up by 7.90% this month. 3-bedroom rents have gone up by 17.04% this month. 4-bedroom rents have gone down by 0.00% this month.
Beds
Price / Sqft
Mar 2024 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
Studio $7.76 $3,389 $3,350 (1.15%) $2,290 (47.98%)
1 BR $5.31 $4,921 $4,627 (6.35%) $3,166 (55.46%)
2 BR $5.99 $7,000 $5,504 (27.17%) $5,853 (19.59%)

Historical Rents in Koreatown, New York, NY

Studio
1 Bed
2 Bed
3 Bed
4 Bed

Top Cities Near Koreatown

There are a total of 35 cities nearby Koreatown. The average rent in Koreatown is currently $3,150 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 $2,000, is the most affordable city nearby. In contrast, the most expensive city near Koreatown, New York, NY is Sea Girt, NJ. Monthly rents here are on average $17,000 per month.

Let's compare Koreatown, New York, NY's rent against other top cities nearby by bedroom size. Typically, rent for studios in Koreatown, New York, NY is 54.26% more expensive than other cities nearby. One bedrooms are about 54.11% more expensive. Two bedrooms in Koreatown, New York, NY are about 61.46% more expensive. Finally, rent for three bedrooms are about inf% more affordable. Want more information? Check out the top 10 cities out of 35 total cities near Koreatown, New York, NY in the following chart.
City Studio 1 Bed 2 Bed All
Bayonne, NJ N/A $2,054 $2,250 $2,250
Newark, NJ $2,250 $2,097 $2,100 $2,300
West New York, NJ N/A $2,413 $2,625 $2,600
Jersey City, NJ $2,448 $2,600 $2,655 $2,700
Union City, NJ $1,900 $2,300 $2,850 $2,800
Fort Lee, NJ $1,550 $2,813 $3,295 $3,098
Cliffside Park, NJ N/A $1,975 $3,500 $3,150
Hoboken, NJ $3,250 $3,050 $4,200 $3,550
Edgewater, NJ N/A $2,700 $3,700 $3,800
New York, NY $3,450 $4,150 $5,000 $4,250

Top Neighborhoods Near Koreatown

There are a total of 52 neighborhoods in or near Koreatown. Some of these neighborhoods include The Heights, Bowery, and The Waterfront. We've included the top 30 neighborhoods out of 52 total neighborhoods in or near Koreatown, New York, NY in the following chart.

The average rent for these 30 neighborhoods in or near Koreatown, New York, NY is currently around $4,191 per month. A total of 41 neighborhoods have a lower average rent. Out of all the neighborhoods in or near Koreatown, The Heights has the most affordable average rent at $2,750 per month. Whereas, at $8,125 average rent per month, Ocean Beach is the most expensive neighborhood in or near Koreatown. View the following chart for more information.
Neighborhood Studio 1 Bed 2 Bed All
The Heights, Jersey City, NJ N/A $2,250 $2,700 $2,750
Bowery, New York, NY $2,600 $3,625 $4,000 $3,499
The Waterfront, Jersey City, NJ $3,000 $3,500 $4,507 $3,664
Upper East Side, New York, NY $2,800 $3,416 $4,850 $3,895
Long Island City, New York, NY $3,323 $3,900 $5,600 $3,900
Little Italy, New York, NY $3,000 $4,850 $4,000 $3,900
Lower East Side, New York, NY $3,500 $3,495 $4,495 $4,295
Murray Hill, New York, NY $3,500 $4,000 $6,490 $4,300
Midtown East, New York, NY $3,200 $4,295 $5,725 $4,325
Financial District, New York, NY $3,495 $4,385 $6,166 $4,334
Kips Bay, New York, NY $3,775 $3,935 $4,995 $4,405
NoLita, New York, NY $3,595 $4,495 $4,895 $4,495
Hell's Kitchen, New York, NY $3,500 $4,250 $5,867 $4,495
East Village, New York, NY $2,625 $3,495 $4,495 $4,495
Upper West Side, New York, NY $3,271 $4,125 $6,300 $4,575
Midtown, New York, NY $3,252 $4,488 $6,700 $4,595
Williamsburg, New York, NY $3,672 $4,088 $4,549 $4,650
Flatiron District, New York, NY $3,650 $5,600 $5,925 $4,650
Hudson Yards, New York, NY $3,733 $4,535 $6,700 $4,800
Greenwich Village, New York, NY $4,004 $5,198 $5,100 $4,850
Midtown South, New York, NY $3,495 $4,936 $7,473 $4,969
Chelsea, New York, NY $3,998 $5,085 $7,618 $5,000
Battery Park City, New York, NY $3,500 $4,288 $6,250 $5,095
Greenpoint, New York, NY $3,550 $4,632 $6,013 $5,100
West Village, New York, NY $4,475 $4,995 $5,400 $5,275
Stuyvesant Town - Peter Cooper Village, New York, NY N/A $5,037 $6,054 $5,395
NoMad, New York, NY $4,383 $5,480 $8,123 $5,659
Gramercy Park, New York, NY $3,815 $5,043 $5,469 $6,295
Tribeca, New York, NY $4,500 $5,695 $7,345 $6,873
SoHo, New York, NY $3,300 $4,964 $12,500 $7,725

Top Counties Near Koreatown

There are a total of 52 counties located by Koreatown, 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 $3,414. That's roughly around $3 per sqft. A total of 35 counties have a lower average rent. The county that is the most affordable is Bridgeport, CT. It's average rent per month is $2,000. Vice versa, with an average rent of $15,000, Westport, CT is the most expensive county by Koreatown, New York, NY.

Typically, rent for studios in Koreatown, New York, NY is 49.84% more expensive than other counties nearby. In comparison, rent for one bedroom listings in Koreatown, New York, NY is 50.96% more expensive than other counties nearby. Finally, rent for two bedrooms in Koreatown, New York, NY is 60.72% 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 N/A $2,054 $2,250 $2,250
West New York, NJ N/A $2,413 $2,625 $2,600
Jersey City, NJ $2,448 $2,600 $2,655 $2,700
North Bergen, NJ N/A $2,050 $2,800 $2,914
Bronx, New York, NY $2,607 $2,450 $3,027 $3,050
Fort Lee, NJ $1,550 $2,813 $3,295 $3,098
Cliffside Park, NJ N/A $1,975 $3,500 $3,150
Hoboken, NJ $3,250 $3,050 $4,200 $3,550
Brooklyn, New York, NY $3,433 $3,850 $3,850 $3,793
Manhattan, New York, NY $3,495 $4,295 $5,495 $4,477

Top Zipcodes Near Koreatown

There are a total of 50 zipcodes in or near Koreatown, New York, NY. The average rent for all of these zipcodes is $4,317. A total of 40 zipcodes have a average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 11375, New York, NY at $2,800 per month. In comparison, the zipcode with the most expensive average rent of $9,950 per month is 07762, Spring Lake Heights, NJ.

Studios in these zipcodes have an average rent of $3,213. 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 Koreatown, New York, NY is $4,018 per month. Or in other words, $6 per sqft. Meanwhile, two bedroom apartments will cost you an average of $5,400 per month. Which comes out to $6 per sqft. The following chart includes the top 10 zipcodes in Koreatown, New York, NY. You can view the average rent breakdown for each zipcode by bedroom size.
Zipcode Studio 1 Bed 2 Bed All
10001, New York, NY $4,195 $5,095 $7,997 $5,160
10016, New York, NY $3,540 $4,100 $5,545 $4,400
10010, New York, NY $3,650 $4,040 $5,415 $4,995
10017, New York, NY $3,200 $4,500 $6,866 $4,680
10036, New York, NY $3,444 $4,200 $6,278 $4,495
10018, New York, NY $3,504 $4,589 $6,672 $4,535
10011, New York, NY $3,519 $5,500 $6,495 $4,798
10003, New York, NY $3,600 $4,775 $4,865 $5,310
10019, New York, NY $3,486 $4,266 $6,090 $4,514
10022, New York, NY $3,200 $4,297 $5,550 $4,295

Frequently Asked Questions - Koreatown Average Rents

What is the average rent price in Koreatown, New York, NY?
The average monthly rental price for Koreatown, New York, NY apartments for rent is approximately $4,921. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.
Do Koreatown, 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 Koreatown, New York, NY.
How much is a studio apartment in Koreatown, New York, NY?
The average monthly rental price for studio apartments is $3,389 and an average price per square feet of $7.76. There are a total of 15 studio apartment listings currently available for rent in Koreatown.
How much is a one bedroom apartment in Koreatown, New York, NY?
The average monthly rental price for one bedroom apartments is $4,958 and an average price per square feet of $5.31. There are a total of 18 one bedroom apartment listings currently available for rent in Koreatown.
How much is a two bedroom apartment in Koreatown, New York, NY?
The average monthly rental price for two bedroom apartments is $7,995 and an average price per square feet of $5.99. There are a total of 13 two bedroom apartment listings currently available for rent in Koreatown.
How have rent prices in Koreatown, New York, NY changed this year?
Rent prices for rentals in Koreatown, New York, NY can fluctuate yearly. Specifically, studio rental prices have changed by 0.01%, one bedroom rental prices have changed by 0.06%, two bedroom rental prices have changed by 0.27%, and three bedroom rental prices have changed by 0.66% year-over-year.
What is a reasonable rent price in Koreatown, New York, NY?
A reasonable rent price in Koreatown, New York, NY is around $3,937/month. You can search for these reasonably priced rental listings on RentHop.
Fair Housing and Equal Opportunity
Fair Housing and Equal Opportunity
© 2009 - 2024 RentHop.com™
Quantcast