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 $3,413 for a studio rental to $7,995 for a 4-bedroom rental. The median price of all currently available listings is $4,750, or roughly $8 per square feet.
For the apartment units and housing in January 2025, median rents have risen over the last year. Studio rentals prices have increased by $332 (10.17%) year-over-year from $3,264 to $3,596. 1-bedroom rentals prices have increased by $302 (8.39%) year-over-year from $3,598 to $3,900. 2-bedroom rentals prices have increased by $292 (6.30%) year-over-year from $4,629 to $4,921. 3-bedroom rentals prices have increased by $530 (9.70%) year-over-year from $5,465 to $5,995. 4-bedroom rentals prices have decreased by $33 (-0.42%) year-over-year from $8,028 to $7,995. 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 11.84% this month. 1-bedroom rents have gone down by 8.79% this month. 2-bedroom rents have gone up by 2.37% this month. 3-bedroom rents have gone down by 0.00% this month. 4-bedroom rents have gone down by 0.00% this month.
Beds
Price / Sqft
Jan 2025 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
Studio $8.70 $3,596 $3,264 (10.17%) $2,396 (50.10%)
1 BR $7.86 $3,900 $3,598 (8.39%) $3,028 (28.78%)
2 BR N/A $4,921 $4,629 (6.30%) $3,672 (34.03%)
3 BR N/A $5,995 $5,465 (9.70%) $5,114 (17.23%)
4+ BR N/A $7,995 $8,028 (-0.42%) $7,995 (0.00%)

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 17 cities nearby Lower East Side. The average rent in Lower East Side is currently $3,650 per month. A total of 14 cities nearby have an average rent lower than that. Our records show that Bridgeport, CT, with an average rent of $2,050, is the most affordable city nearby. In contrast, the most expensive city near Lower East Side, New York, NY is Ocean Beach, NY. Monthly rents here are on average $8,500 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 48.90% more expensive. Two bedrooms in Lower East Side, New York, NY are about 23.83% more expensive. Finally, rent for three bedrooms are about 32.44% more expensive. Want more information? Check out the top 10 cities out of 17 total cities near Lower East Side, New York, NY in the following chart.
City Studio 1 Bed 2 Bed All
Yonkers, NY $1,850 $2,300 $2,650 $2,700
Stamford, CT $1,918 $2,285 $3,000 $3,000
Asbury Park, NJ $1,875 $2,250 $3,150 $3,000
White Plains, NY $2,100 $2,670 $3,500 $3,300
Glen Cove, NY $2,573 $3,200 $3,600 $3,550
Long Beach, NY $1,963 $2,700 $3,500 $3,650
Oakhurst, NJ N/A N/A N/A $3,800
Long Branch, NJ N/A $3,000 $3,600 $4,000
New York, NY $3,424 $4,250 $5,295 $4,255
Harrison, NY $2,775 $3,053 $4,203 $4,469

Top Neighborhoods Near Lower East Side

There are a total of 47 neighborhoods in or near Lower East Side. Some of these neighborhoods include Bedford-Stuyvesant, Bushwick, and Bowery. We've included the top 30 neighborhoods out of 47 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 $4,350 per month. A total of 31 neighborhoods have a lower average rent. Out of all the neighborhoods in or near Lower East Side, Brooklawn - St. Vincent has the most affordable average rent at $1,800 per month. Whereas, at $8,500 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 $2,480 $2,995 $2,995 $3,024
Bushwick, New York, NY $2,735 $3,200 $3,447 $3,400
Bowery, New York, NY $2,800 $3,450 $4,995 $3,899
Murray Hill, New York, NY $3,325 $4,250 $6,400 $3,995
Long Island City, New York, NY $3,323 $3,850 $5,793 $4,029
Financial District, New York, NY $3,500 $4,495 $6,350 $4,179
Fort Greene, New York, NY $3,595 $4,237 $4,275 $4,200
Downtown Brooklyn, New York, NY $3,425 $4,202 $5,695 $4,346
Prospect Heights, New York, NY $3,598 $4,420 $5,288 $4,350
Hell's Kitchen, New York, NY $3,498 $4,027 $5,858 $4,355
Kips Bay, New York, NY $3,675 $3,995 $5,445 $4,495
East Village, New York, NY $2,800 $3,695 $4,495 $4,495
Midtown South, New York, NY $3,990 $4,794 $8,295 $4,595
NoLita, New York, NY N/A $4,495 $5,495 $4,595
Hudson Yards, New York, NY $3,495 $4,514 $6,700 $4,713
Williamsburg, New York, NY $3,722 $4,600 $5,228 $4,795
Midtown, New York, NY $3,625 $4,395 $7,170 $4,850
Midtown East, New York, NY $3,450 $4,500 $6,075 $4,925
Little Italy, New York, NY $3,250 $4,250 $5,200 $4,950
Greenpoint, New York, NY $3,650 $4,445 $5,900 $4,999
Chelsea, New York, NY $3,700 $5,395 $7,500 $5,050
Stuyvesant Town - Peter Cooper Village, New York, NY N/A $5,016 $6,024 $5,097
West Village, New York, NY $4,604 $5,400 $5,798 $5,100
Flatiron District, New York, NY $4,575 $5,650 $9,184 $5,500
Greenwich Village, New York, NY $3,999 $5,700 $6,469 $5,500
Gramercy Park, New York, NY $3,750 $5,515 $5,495 $5,600
NoMad, New York, NY $4,444 $5,662 $8,499 $5,723
Battery Park City, New York, NY $5,100 $4,902 $8,323 $6,195
SoHo, New York, NY $3,398 $5,000 $12,995 $6,298
Tribeca, New York, NY $4,500 $6,437 $7,995 $6,635

Top Counties Near Lower East Side

There are a total of 47 counties located by Lower East Side, New York, NY. Some of these counties include Yonkers, NY, Woodbridge, NJ, and Bronx, New York, NY. The average rent for rentals in these counties is $3,500. 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 $2,050. Vice versa, with an average rent of $8,500, Spring Lake, NJ is the most expensive county by Lower East Side, New York, NY.

Typically, rent for studios in Lower East Side, New York, NY is 45.06% more expensive than other counties nearby. In comparison, rent for one bedroom listings in Lower East Side, New York, NY is 50.24% more expensive than other counties nearby. Finally, rent for two bedrooms in Lower East Side, New York, NY is 29.27% more expensive than other counties nearby. We've listed the top 10 counties in the chart below.
County Studio 1 Bed 2 Bed All
Yonkers, NY $1,850 $2,300 $2,650 $2,700
Woodbridge, NJ N/A $1,900 $2,500 $2,800
Bronx, New York, NY $2,000 $2,575 $3,025 $3,025
Queens, New York, NY $2,750 $2,700 $3,250 $3,207
Glen Cove, NY $2,573 $3,200 $3,600 $3,550
Hempstead, NY $2,000 $2,675 $3,200 $3,600
Long Beach, NY $1,963 $2,700 $3,500 $3,650
Brooklyn, New York, NY $3,474 $3,600 $4,100 $3,799
Manhattan, New York, NY $3,471 $4,480 $5,900 $4,500
North Hempstead, NY N/A $2,795 $4,100 $4,538

Top Zipcodes Near Lower East Side

There are a total of 3 zipcodes in or near Lower East Side, New York, NY. The average rent for all of these zipcodes is $3,995. A total of 2 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 $3,283 per month. In comparison, the zipcode with the most expensive average rent of $4,950 per month is 10023, New York, NY.

Studios in these zipcodes have an average rent of $3,000. 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 Lower East Side, New York, NY is $4,200 per month. Or in other words, $6 per sqft. Meanwhile, two bedroom apartments will cost you an average of $5,795 per month. Which comes out to $6 per sqft. The following chart includes the top 3 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
10023, New York, NY $3,000 $5,000 $7,850 $4,950
10128, New York, NY $3,350 $4,200 $5,795 $3,995
11375, New York, NY $2,730 $3,245 $3,625 $3,283

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 $4,750. 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 $3,413 and an average price per square feet of $8.70. There are a total of 18 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 $5,225 and an average price per square feet of $7.86. There are a total of 24 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 $4,595 and an average price per square feet of $0. There are a total of 50 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 0.10%, one bedroom rental prices have changed by 0.08%, two bedroom rental prices have changed by 0.06%, and three bedroom rental prices have changed by 0.10% 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 $3,800/month. You can search for these reasonably priced rental listings on RentHop.
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