Average Rent in Little Italy, New York, NY

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Current Versus Historical Little Italy, New York, NY Rents

Little Italy rentals average $3,900 for a studio rental to $8,500 for a 4-bedroom rental. The median price of all currently available listings is $5,500, or roughly $7 per square feet.
For the apartment units and housing in April 2024, median rents have risen substantially over the last year. Studio rentals prices have increased by $400 (11.43%) year-over-year from $3,500 to $3,900. 1-bedroom rentals prices have increased by $1,617 (47.78%) year-over-year from $3,383 to $5,000. 2-bedroom rentals prices have increased by $259 (5.20%) year-over-year from $4,988 to $5,248. 3-bedroom rentals prices have increased by $332 (5.38%) year-over-year from $6,163 to $6,495. 4-bedroom rentals prices have increased by $928 (12.26%) year-over-year from $7,572 to $8,500. 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 9.99% this month. 1-bedroom rents have gone up by 11.11% this month. 2-bedroom rents have gone down by 0.32% this month. 3-bedroom rents have gone up by 2.10% this month. 4-bedroom rents have gone down by 0.08% this month.
Beds
Price / Sqft
Apr 2024 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
Studio $8.56 $3,900 $3,500 (11.43%) $2,026 (92.55%)
1 BR N/A $5,000 $3,383 (47.78%) $2,495 (100.40%)
2 BR $6.97 $5,248 $4,988 (5.20%) $3,818 (37.45%)
3 BR N/A $6,495 $6,163 (5.38%) $4,727 (37.41%)
4+ BR N/A $8,500 $7,572 (12.26%) $6,067 (40.11%)

Historical Rents in Little Italy, New York, NY

Studio
1 Bed
2 Bed
3 Bed
4 Bed

Top Cities Near Little Italy

There are a total of 31 cities nearby Little Italy. The average rent in Little Italy 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 Little Italy, New York, NY is Westport, CT. Monthly rents here are on average $15,975 per month.

Let's compare Little Italy, New York, NY's rent against other top cities nearby by bedroom size. Typically, rent for studios in Little Italy, New York, NY is 57.69% more expensive than other cities nearby. One bedrooms are about 56.29% more expensive. Two bedrooms in Little Italy, New York, NY are about 35.65% more expensive. Finally, rent for three bedrooms are about 31.81% more expensive. Want more information? Check out the top 10 cities out of 31 total cities near Little Italy, New York, NY in the following chart.
City Studio 1 Bed 2 Bed All
Newark, NJ $2,150 $2,050 $2,100 $2,300
Elizabeth, NJ $1,861 $1,725 $2,200 $2,350
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 $2,445 $3,298 $2,863
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 $4,325

Top Neighborhoods Near Little Italy

There are a total of 55 neighborhoods in or near Little Italy. Some of these neighborhoods include The Heights, Clinton Hill, and The Waterfront. We've included the top 30 neighborhoods out of 55 total neighborhoods in or near Little Italy, New York, NY in the following chart.

The average rent for these 30 neighborhoods in or near Little Italy, New York, NY is currently around $4,203 per month. A total of 49 neighborhoods have a lower average rent. Out of all the neighborhoods in or near Little Italy, Rego Park has the most affordable average rent at $2,500 per month. Whereas, at $8,125 average rent per month, Ocean Beach is the most expensive neighborhood in or near Little Italy. View the following chart for more information.
Neighborhood Studio 1 Bed 2 Bed All
The Heights, Jersey City, NJ N/A $2,150 $2,650 $2,700
Clinton Hill, New York, NY $3,035 $3,500 $5,750 $3,538
The Waterfront, Jersey City, NJ $3,026 $3,497 $5,013 $3,654
Park Slope, New York, NY $2,750 $3,783 $4,200 $3,850
Bowery, New York, NY $2,870 $3,723 $4,150 $3,900
Downtown Brooklyn, New York, NY $3,425 $4,210 $5,765 $4,203
Financial District, New York, NY $3,504 $4,455 $6,410 $4,289
Prospect Heights, New York, NY $3,529 $4,410 $6,068 $4,300
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 $3,275 $4,200 $5,650 $4,500
Murray Hill, New York, NY $3,550 $4,244 $6,598 $4,600
Lower East Side, New York, NY $3,173 $3,395 $4,495 $4,622
Williamsburg, New York, NY $3,640 $4,431 $4,650 $4,656
Kips Bay, New York, NY $3,783 $4,050 $5,078 $4,695
West Village, New York, NY $4,500 $4,595 $5,548 $4,800
Greenwich Village, New York, NY $4,150 $4,800 $5,310 $4,800
Midtown South, New York, NY $3,785 $4,798 $6,995 $4,895
Greenpoint, New York, NY $3,495 $4,400 $5,850 $4,899
NoHo, New York, NY $4,000 $5,000 $7,750 $5,000
Battery Park City, New York, NY $3,550 $4,400 $6,750 $5,037
Hudson Yards, New York, NY $3,783 $4,695 $6,950 $5,105
Flatiron District, New York, NY $4,050 $5,900 $8,642 $5,150
Chelsea, New York, NY $3,800 $5,427 $7,652 $5,200
Midtown, New York, NY $3,550 $4,325 $6,600 $5,392
Stuyvesant Town - Peter Cooper Village, New York, NY N/A $5,067 $6,054 $5,613
NoMad, New York, NY $4,444 $5,587 $8,028 $5,894
Gramercy Park, New York, NY $3,815 $5,295 $5,312 $6,198
Tribeca, New York, NY $4,250 $6,163 $7,295 $6,895
SoHo, New York, NY $2,973 $3,950 $13,500 $7,725

Top Counties Near Little Italy

There are a total of 55 counties located by Little Italy, 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 $15,975, Westport, CT is the most expensive county by Little Italy, New York, NY.

Typically, rent for studios in Little Italy, New York, NY is 51.79% more expensive than other counties nearby. In comparison, rent for one bedroom listings in Little Italy, New York, NY is 53.14% more expensive than other counties nearby. Finally, rent for two bedrooms in Little Italy, New York, NY is 35.14% 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 $2,445 $3,298 $2,863
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 $3,939 $4,000 $3,860
Manhattan, New York, NY $3,500 $4,315 $5,500 $4,518

Top Zipcodes Near Little Italy

There are a total of 50 zipcodes in or near Little Italy, New York, NY. The average rent for all of these zipcodes is $4,469. A total of 44 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 $2,995 per month. In comparison, the zipcode with the most expensive average rent of $8,000 per month is 11770, Ocean Beach, NY.

Studios in these zipcodes have an average rent of $3,150. 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 Little Italy, New York, NY is $4,052 per month. Or in other words, $6 per sqft. Meanwhile, two bedroom apartments will cost you an average of $5,343 per month. Which comes out to $6 per sqft. The following chart includes the top 10 zipcodes in Little Italy, New York, NY. You can view the average rent breakdown for each zipcode by bedroom size.
Zipcode Studio 1 Bed 2 Bed All
10013, New York, NY $3,950 $5,500 $7,500 $7,095
10012, New York, NY $3,495 $4,395 $4,895 $4,495
10007, New York, NY $4,250 $6,150 $8,275 $6,554
10002, New York, NY $2,800 $3,395 $4,495 $4,600
10038, New York, NY $3,450 $4,500 $6,463 $4,375
10003, New York, NY $3,815 $4,800 $5,075 $4,950
10005, New York, NY $3,579 $4,432 $5,880 $4,295
10009, New York, NY $2,625 $3,600 $4,495 $4,495
10014, New York, NY $4,750 $4,595 $6,200 $5,100
10010, New York, NY $4,028 $4,400 $5,353 $5,260

Frequently Asked Questions - Little Italy Average Rents

What is the average rent price in Little Italy, New York, NY?
The average monthly rental price for Little Italy, 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 Little Italy, 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 Little Italy, New York, NY.
How much is a studio apartment in Little Italy, New York, NY?
The average monthly rental price for studio apartments is $3,900 and an average price per square feet of $8.56. There are a total of 11 studio apartment listings currently available for rent in Little Italy.
How much is a one bedroom apartment in Little Italy, New York, NY?
The average monthly rental price for one bedroom apartments is $5,250 and an average price per square feet of $0. There are a total of 16 one bedroom apartment listings currently available for rent in Little Italy.
How much is a two bedroom apartment in Little Italy, New York, NY?
The average monthly rental price for two bedroom apartments is $4,895 and an average price per square feet of $6.97. There are a total of 7 two bedroom apartment listings currently available for rent in Little Italy.
How have rent prices in Little Italy, New York, NY changed this year?
Rent prices for rentals in Little Italy, New York, NY can fluctuate yearly. Specifically, studio rental prices have changed by 0.11%, one bedroom rental prices have changed by 0.48%, two bedroom rental prices have changed by 0.05%, and three bedroom rental prices have changed by 0.05% year-over-year.
What is a reasonable rent price in Little Italy, New York, NY?
A reasonable rent price in Little Italy, New York, NY is around $4,400/month. You can search for these reasonably priced rental listings on RentHop.
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