Average Rent in Lower East Side, New York, NY

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Current Versus Historical Lower East Side, New York, NY Rents

Lower East Side rentals average $3,825 for a studio rental to $8,495 for a 4-bedroom rental. The median price of all currently available listings is $4,495, or roughly $7 per square feet.
For the apartment units and housing in February 2024, median rents have risen over the last year. Studio rentals prices have increased by $1,624 (65.01%) year-over-year from $2,498 to $4,123. 1-bedroom rentals prices have increased by $167 (5.16%) year-over-year from $3,228 to $3,395. 2-bedroom rentals prices have increased by $133 (3.06%) year-over-year from $4,362 to $4,495. 3-bedroom rentals prices have decreased by $380 (-6.75%) year-over-year from $5,628 to $5,248. 4-bedroom rentals prices have increased by $632 (8.03%) year-over-year from $7,863 to $8,495. 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 24.64% this month. 1-bedroom rents have gone down by 4.74% this month. 2-bedroom rents have gone down by 2.16% this month. 3-bedroom rents have gone down by 4.25% this month. 4-bedroom rents have gone up by 5.81% this month.
Beds
Price / Sqft
Feb 2024 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
Studio $7.80 $4,123 $2,498 (65.01%) $2,261 (82.33%)
1 BR $5.69 $3,395 $3,228 (5.16%) $2,382 (42.55%)
2 BR $7.95 $4,495 $4,362 (3.06%) $3,141 (43.10%)
3 BR $8.53 $5,248 $5,628 (-6.75%) $3,563 (47.29%)
4+ BR N/A $8,495 $7,863 (8.03%) $6,918 (22.79%)

Historical Rents in Lower East Side, New York, NY

Studio
1 Bed
2 Bed
3 Bed
4 Bed

Top Cities Near Lower East Side

There are a total of 33 cities nearby Lower East Side. The average rent in Lower East Side is currently $3,200 per month. A total of 28 cities nearby have an average rent lower than that. Our records show that Bridgeport, CT, with an average rent of $1,800, is the most affordable city nearby. In contrast, the most expensive city near Lower East Side, New York, NY is Westport, CT. Monthly rents here are on average $16,999 per month.

Let's compare Lower East Side, New York, NY's rent against other top cities nearby by bedroom size. Typically, rent for studios in Lower East Side, New York, NY is 56.20% more expensive than other cities nearby. One bedrooms are about 29.23% more expensive. Two bedrooms in Lower East Side, New York, NY are about 31.15% more expensive. Finally, rent for three bedrooms are about 16.85% more expensive. Want more information? Check out the top 10 cities out of 33 total cities near Lower East Side, New York, NY in the following chart.
City Studio 1 Bed 2 Bed All
Newark, NJ $2,300 $2,000 $2,100 $2,300
Bayonne, NJ N/A $2,143 $2,407 $2,357
Union City, NJ N/A $2,200 $2,700 $2,700
West New York, NJ N/A $2,600 $3,000 $2,851
Jersey City, NJ $2,225 $2,900 $2,825 $2,900
Fort Lee, NJ $1,613 $2,650 $3,373 $3,095
Cliffside Park, NJ $1,525 $2,650 $3,095 $3,200
Hoboken, NJ $2,700 $3,150 $3,850 $3,373
Edgewater, NJ $2,038 $2,825 $3,900 $3,625
New York, NY $3,360 $4,095 $4,895 $4,170

Top Neighborhoods Near Lower East Side

There are a total of 57 neighborhoods in or near Lower East Side. Some of these neighborhoods include Bedford-Stuyvesant, The Waterfront, and Bowery. We've included the top 30 neighborhoods out of 57 total neighborhoods in or near Lower East Side, New York, NY in the following chart.

The average rent for these 30 neighborhoods in or near Lower East Side, New York, NY is currently around $3,900 per month. A total of 40 neighborhoods have a lower average rent. Out of all the neighborhoods in or near Lower East Side, Elmhurst has the most affordable average rent at $2,475 per month. Whereas, at $8,000 average rent per month, Ocean Beach is the most expensive neighborhood in or near Lower East Side. View the following chart for more information.
Neighborhood Studio 1 Bed 2 Bed All
Bedford-Stuyvesant, New York, NY $2,250 $2,830 $2,999 $3,150
The Waterfront, Jersey City, NJ $2,890 $3,400 $4,571 $3,540
Bowery, New York, NY $2,600 $3,199 $3,795 $3,575
Clinton Hill, New York, NY $3,467 $3,529 $4,757 $3,600
Fort Greene, New York, NY $3,495 $3,800 $6,495 $3,635
NoHo, New York, NY $3,675 $3,875 $6,450 $3,875
Murray Hill, New York, NY $3,450 $3,941 $4,398 $3,900
Downtown Brooklyn, New York, NY $3,489 $4,105 $5,700 $4,055
Financial District, New York, NY $3,405 $4,334 $5,600 $4,175
Midtown East, New York, NY $3,200 $4,375 $5,900 $4,400
Prospect Heights, New York, NY $3,450 $4,295 $5,991 $4,423
Williamsburg, New York, NY $3,700 $4,312 $4,249 $4,464
Kips Bay, New York, NY $3,690 $3,845 $4,995 $4,485
NoLita, New York, NY $3,495 $4,495 $5,123 $4,495
East Village, New York, NY $2,750 $3,595 $4,495 $4,495
Greenpoint, New York, NY $3,500 $4,500 $6,306 $4,800
Hudson Yards, New York, NY $3,625 $4,550 $6,590 $4,818
Chelsea, New York, NY $3,500 $5,195 $7,500 $4,895
Midtown, New York, NY $3,525 $4,400 $6,950 $4,895
Midtown South, New York, NY $3,720 $4,995 $8,250 $4,900
Greenwich Village, New York, NY $4,003 $5,150 $7,850 $5,110
Battery Park City, New York, NY $3,360 $4,058 $7,252 $5,148
West Village, New York, NY $3,695 $5,200 $6,200 $5,150
Stuyvesant Town - Peter Cooper Village, New York, NY N/A $5,014 $6,254 $5,390
Carroll Gardens, New York, NY $5,300 $3,300 $5,041 $5,500
NoMad, New York, NY $4,426 $5,546 $8,506 $5,562
Flatiron District, New York, NY $3,800 $5,800 $9,000 $5,650
Gramercy Park, New York, NY $3,725 $5,000 $5,645 $5,875
Tribeca, New York, NY $4,500 $5,698 $7,395 $6,895
SoHo, New York, NY $3,098 $4,250 $10,800 $7,622

Top Counties Near Lower East Side

There are a total of 57 counties located by Lower East Side, 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 $3,261. 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 $1,800. Vice versa, with an average rent of $16,999, Westport, CT is the most expensive county by Lower East Side, New York, NY.

Typically, rent for studios in Lower East Side, New York, NY is 52.28% more expensive than other counties nearby. In comparison, rent for one bedroom listings in Lower East Side, New York, NY is 25.00% more expensive than other counties nearby. Finally, rent for two bedrooms in Lower East Side, New York, NY is 33.26% 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 $2,143 $2,407 $2,357
West New York, NJ N/A $2,600 $3,000 $2,851
Jersey City, NJ $2,225 $2,900 $2,825 $2,900
North Bergen, NJ $2,900 $2,050 $2,900 $3,000
Fort Lee, NJ $1,613 $2,650 $3,373 $3,095
Queens, New York, NY $2,703 $2,650 $3,150 $3,100
Cliffside Park, NJ $1,525 $2,650 $3,095 $3,200
Hoboken, NJ $2,700 $3,150 $3,850 $3,373
Brooklyn, New York, NY $3,451 $3,685 $3,675 $3,610
Manhattan, New York, NY $3,391 $4,250 $5,495 $4,400

Top Zipcodes Near Lower East Side

There are a total of 50 zipcodes in or near Lower East Side, New York, NY. The average rent for all of these zipcodes is $4,361. A total of 35 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 $2,672 per month. In comparison, the zipcode with the most expensive average rent of $9,500 per month is 07762, Spring Lake Heights, NJ.

Studios in these zipcodes have an average rent of $3,280. 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 Lower East Side, New York, NY is $3,995 per month. Or in other words, $6 per sqft. Meanwhile, two bedroom apartments will cost you an average of $5,100 per month. Which comes out to $6 per sqft. The following chart includes the top 10 zipcodes in Lower East Side, New York, NY. You can view the average rent breakdown for each zipcode by bedroom size.
Zipcode Studio 1 Bed 2 Bed All
10002, New York, NY $3,795 $3,250 $4,495 $4,400
10009, New York, NY $2,600 $3,595 $4,495 $4,495
10012, New York, NY $3,495 $4,395 $5,495 $4,495
10003, New York, NY $3,588 $4,900 $5,200 $5,150
10038, New York, NY $3,378 $4,300 $5,619 $4,258
10007, New York, NY $4,550 $5,999 $8,200 $6,600
10013, New York, NY $3,500 $5,583 $7,498 $6,808
11211, New York, NY $3,698 $4,359 $4,400 $4,595
10005, New York, NY $3,568 $4,334 $5,317 $4,175
10010, New York, NY $3,750 $3,900 $5,600 $5,090

Frequently Asked Questions - Lower East Side Average Rents

What is the average rent price in Lower East Side, New York, NY?
The average monthly rental price for Lower East Side, New York, NY apartments for rent is approximately $4,495. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.
Do Lower East Side, 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 Lower East Side, New York, NY.
How much is a studio apartment in Lower East Side, New York, NY?
The average monthly rental price for studio apartments is $3,825 and an average price per square feet of $7.80. There are a total of 24 studio apartment listings currently available for rent in Lower East Side.
How much is a one bedroom apartment in Lower East Side, New York, NY?
The average monthly rental price for one bedroom apartments is $3,250 and an average price per square feet of $5.69. There are a total of 51 one bedroom apartment listings currently available for rent in Lower East Side.
How much is a two bedroom apartment in Lower East Side, New York, NY?
The average monthly rental price for two bedroom apartments is $4,495 and an average price per square feet of $7.95. There are a total of 121 two bedroom apartment listings currently available for rent in Lower East Side.
How have rent prices in Lower East Side, New York, NY changed this year?
Rent prices for rentals in Lower East Side, New York, NY can fluctuate yearly. Specifically, studio rental prices have changed by 0.65%, one bedroom rental prices have changed by 0.05%, two bedroom rental prices have changed by 0.03%, and three bedroom rental prices have changed by -0.07% year-over-year.
What is a reasonable rent price in Lower East Side, New York, NY?
A reasonable rent price in Lower East Side, New York, NY is around $3,596/month. You can search for these reasonably priced rental listings on RentHop.
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