Average Rent and Costs in Lower East Side, New York, NY

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There are currently active 277 listings advertised for rent in Lower East Side, New York, NY. Lower East Side rentals average $2,500 for a studio rental to $5,996 for a 4-bedroom rental. The median price of all currently available listings is $4,195, or roughly $84 per square feet.
For the apartment units and housing in January 2023, median rents have risen over the last year. Studio rentals prices have increased by $113 (4.72%) year-over-year from $2,387 to $2,500. 1-bedroom rentals prices have increased by $267 (8.81%) year-over-year from $3,028 to $3,200. 2-bedroom rentals prices have increased by $623 (16.98%) year-over-year from $3,672 to $4,295. 3-bedroom rentals prices have increased by $386 (7.55%) year-over-year from $5,114 to $5,500. 4-bedroom rentals prices have increased by $200 (2.50%) year-over-year from $7,995 to $5,996. 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 down by 10.17% this month. 1-bedroom rents have gone up by 4.52% this month. 2-bedroom rents have gone down by 0.00% this month. 3-bedroom rents have gone down by 3.07% this month. 4-bedroom rents have gone up by 3.80% this month.
Current Availabilities January 2023
Bedrooms     Rent Price / sqft     Whole Month Rent 1 Yr Ago Rent (% Change) 3 Yr Ago Rent (% Change)
Studio $2,500 N/A $2,500 $2,387 (4.72%) $3,014 (-17.04%)
1 BR $3,200 $60 $3,295 $3,028 (8.81%) $2,882 (14.34%)
2 BR $4,295 $85 $4,295 $3,672 (16.98%) $4,195 (2.38%)
3 BR $5,500 $85 $5,500 $5,114 (7.55%) $5,432 (1.26%)
4+ BR $5,996 N/A $8,195 $7,995 (2.50%) $7,733 (5.97%)

Historical Rents in Lower East Side, New York, NY

Studio
1 Bedroom
2 Bedroom
3 Bedroom
4 Bedroom

Top Cities Near Lower East Side

There are a total of 21 cities nearby Lower East Side. The average rent in Lower East Side is currently $3,300 per month. A total of 16 cities nearby have an average rent lower than that. Our records show that Bridgeport, CT, with an average rent of $1,700, is the most affordable city nearby. In contrast, the most expensive city near Lower East Side, New York, NY is Spring Lake, NJ. Monthly rents here are on average $11,000 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 20.00% more expensive than other cities nearby. One bedrooms are about 37.50% more expensive. Two bedrooms in Lower East Side, New York, NY are about 34.81% more expensive. Finally, rent for three bedrooms are about 34.55% more expensive. Want more information? Check out the top 10 cities out of 21 total cities near Lower East Side, New York, NY in the following chart.
City Studio 1BR 2BR All
Newark, NJ $1,950 $1,450 $1,850 $2,100
Bayonne, NJ $2,000 $2,000 $2,380 $2,200
West New York, NJ $2,500 $2,700 $2,738 $2,750
Jersey City, NJ $2,676 $2,656 $2,700 $2,763
Union City, NJ $2,500 $3,725 $2,500 $2,950
Red Bank, NJ $1,925 $2,400 $3,995 $3,000
Hoboken, NJ $3,270 $3,211 $4,000 $3,400
Long Branch, NJ $1,675 $2,300 $4,000 $4,000
New York, NY $3,200 $3,950 $4,854 $4,025
West Long Branch, NJ $25 N/A N/A $4,200

Top Neighborhoods Near Lower East Side

There are a total of 53 neighborhoods in or near Lower East Side. Some of these neighborhoods include Bedford-Stuyvesant, Little Italy, and The Waterfront. We've included the top 30 neighborhoods out of 53 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 $3,997 per month. A total of 29 neighborhoods out of these neighborhoods have a lower average rent. Meaning, only one neighborhoods have a higher average rent than $3,997. Out of all the neighborhoods in or near Lower East Side, Greenville has the most affordable average rent at $2,200 per month. Whereas, at $7,048 per month, SoHo is the most expensive neighborhood in or near Lower East Side. View the following chart for more information.
Neighborhood Studio 1BR 2BR All
Bedford-Stuyvesant, New York, NY $2,295 $2,600 $2,900 $3,100
Little Italy, New York, NY $3,250 $3,500 $4,695 $3,500
The Waterfront, Jersey City, NJ $2,900 $3,338 $4,375 $3,627
Long Island City, New York, NY $3,200 $3,842 $5,690 $3,930
Financial District, New York, NY $3,277 $4,136 $5,810 $3,975
Murray Hill, New York, NY $3,105 $3,895 $4,250 $3,995
Bowery, New York, NY $4,100 $3,250 $4,319 $3,997
Clinton Hill, New York, NY $2,973 $3,888 $5,500 $4,010
Downtown Brooklyn, New York, NY $3,184 $4,044 $5,665 $4,175
Kips Bay, New York, NY $3,535 $3,895 $4,995 $4,250
East Village, New York, NY $2,600 $3,495 $4,495 $4,295
NoLita, New York, NY N/A $4,295 $4,795 $4,295
Prospect Heights, New York, NY $3,495 $4,298 $6,700 $4,325
Brooklyn Heights, New York, NY $3,100 $3,900 $7,695 $4,425
Greenpoint, New York, NY $3,516 $4,035 $5,422 $4,430
Midtown East, New York, NY $3,000 $4,300 $6,000 $4,450
Hudson Yards, New York, NY $3,763 $4,295 $6,340 $4,495
Williamsburg, New York, NY $3,618 $4,523 $4,320 $4,500
NoHo, New York, NY $3,550 $4,250 $6,873 $4,500
Battery Park City, New York, NY $3,365 $4,000 $7,892 $4,745
Greenwich Village, New York, NY $3,250 $5,395 $5,500 $4,850
Midtown South, New York, NY $3,700 $4,800 $6,950 $4,881
Chelsea, New York, NY $3,700 $4,979 $6,996 $4,896
West Village, New York, NY $3,923 $4,995 $5,600 $5,395
Flatiron District, New York, NY $3,650 $5,500 $9,200 $5,450
Midtown, New York, NY $3,725 $3,995 $6,000 $5,475
NoMad, New York, NY $4,455 $5,261 $8,822 $5,480
Gramercy Park, New York, NY $3,522 $4,275 $5,395 $5,650
Tribeca, New York, NY $4,688 $5,495 $6,995 $6,838
SoHo, New York, NY $3,200 $4,750 $15,250 $7,048

Top Counties Near Lower East Side

County Studio 1BR 2BR All
Newark, NJ $1,950 $1,450 $1,850 $2,100
Bayonne, NJ $2,000 $2,000 $2,380 $2,200
North Bergen, NJ $1,800 $1,925 $2,600 $2,548
West New York, NJ $2,500 $2,700 $2,738 $2,750
Jersey City, NJ $2,676 $2,656 $2,700 $2,763
Union City, NJ $2,500 $3,725 $2,500 $2,950
Queens, New York, NY $3,129 $2,675 $2,750 $2,950
Hoboken, NJ $3,270 $3,211 $4,000 $3,400
Brooklyn, New York, NY $3,374 $3,759 $3,695 $3,600
Manhattan, New York, NY $3,200 $3,995 $5,195 $4,250

Top Zipcodes Near Lower East Side

Zipcode Studio 1BR 2BR All
10002, New York, NY $2,963 $3,250 $4,200 $4,195
10009, New York, NY $2,599 $3,495 $4,395 $4,195
10012, New York, NY $2,995 $4,295 $5,250 $4,295
10003, New York, NY $3,600 $3,995 $5,395 $5,395
10038, New York, NY $3,150 $4,100 $5,873 $4,000
10007, New York, NY $4,735 $5,999 $6,995 $6,500
10013, New York, NY $3,400 $4,095 $6,375 $4,595
11211, New York, NY $3,555 $4,570 $5,723 $4,615
10005, New York, NY $3,387 $4,150 $6,045 $3,975
10010, New York, NY $3,600 $3,895 $4,995 $4,176
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