Average Rent in Lower East Side, New York, NY

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

Lower East Side rentals average $3,173 for a studio rental to $8,595 for a 4-bedroom rental. The median price of all currently available listings is $4,622, or roughly $9 per square feet.

For the apartment units and housing in April 2024, median rents have risen over the last year. Studio rentals prices have increased by $1,258 (49.51%) year-over-year from $2,542 to $3,800. 1-bedroom rentals prices have increased by $297 (9.29%) year-over-year from $3,198 to $3,495. 2-bedroom rentals prices have increased by $165 (3.81%) year-over-year from $4,330 to $4,495. 3-bedroom rentals prices have increased by $119 (2.10%) year-over-year from $5,681 to $5,800. 4-bedroom rentals prices have increased by $633 (7.95%) year-over-year from $7,962 to $8,595. 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 2.18% this month. 1-bedroom rents have gone down by 0.00% this month. 2-bedroom rents have gone down by 1.50% this month. 3-bedroom rents have gone up by 5.46% this month. 4-bedroom rents have gone up by 0.78% this month.

Beds	Price / Sqft	Apr 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	N/A	$3,800	$2,542 (49.51%)	$2,380 (59.64%)
1 BR	N/A	$3,495	$3,198 (9.29%)	$2,483 (40.75%)
2 BR	$9.69	$4,495	$4,330 (3.81%)	$3,365 (33.58%)
3 BR	$7.05	$5,800	$5,681 (2.10%)	$3,640 (59.36%)
4+ BR	N/A	$8,595	$7,962 (7.95%)	$7,282 (18.04%)

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 31 cities nearby Lower East Side. The average rent in Lower East Side is currently $3,000 per month. A total of 23 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 Lower East Side, New York, NY is Westport, CT. Monthly rents here are on average $15,975 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 47.99% more expensive than other cities nearby. One bedrooms are about 32.40% more expensive. Two bedrooms in Lower East Side, New York, NY are about 29.92% more expensive. Finally, rent for three bedrooms are about 25.00% more expensive. Want more information? Check out the top 10 cities out of 31 total cities near Lower East Side, 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 Lower East Side

There are a total of 55 neighborhoods in or near Lower East Side. Some of these neighborhoods include Bedford-Stuyvesant, Clinton Hill, and The Waterfront. We've included the top 30 neighborhoods out of 55 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 $4,203 per month. A total of 35 neighborhoods have a lower average rent. Out of all the neighborhoods in or near Lower East Side, 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 Lower East Side. View the following chart for more information.

Neighborhood	Studio	1 Bed	2 Bed	All
Bedford-Stuyvesant, New York, NY	$2,388	$2,780	$3,000	$3,300
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
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
Greenwich Village, New York, NY	$4,150	$4,800	$5,310	$4,800
West Village, New York, NY	$4,500	$4,595	$5,548	$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
Little Italy, New York, NY	$3,900	$5,250	$4,895	$5,500
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 Lower East Side

There are a total of 55 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 $3,750. That's roughly around $3 per sqft. A total of 33 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 Lower East Side, New York, NY.

Typically, rent for studios in Lower East Side, New York, NY is 40.73% more expensive than other counties nearby. In comparison, rent for one bedroom listings in Lower East Side, New York, NY is 27.54% more expensive than other counties nearby. Finally, rent for two bedrooms in Lower East Side, New York, NY is 29.37% 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	$2,036	$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
Queens, New York, NY	$2,900	$2,750	$3,109	$3,200
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 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 $4,469. A total of 31 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 Lower East Side, 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 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	$2,800	$3,395	$4,495	$4,600
10009, New York, NY	$2,625	$3,600	$4,495	$4,495
10012, New York, NY	$3,495	$4,395	$4,895	$4,495
10003, New York, NY	$3,815	$4,800	$5,075	$4,950
10038, New York, NY	$3,450	$4,500	$6,463	$4,375
10007, New York, NY	$4,250	$6,150	$8,275	$6,554
10013, New York, NY	$3,950	$5,500	$7,500	$7,095
11211, New York, NY	$3,640	$4,509	$4,800	$4,714
10005, New York, NY	$3,579	$4,432	$5,880	$4,295
10010, New York, NY	$4,028	$4,400	$5,353	$5,260

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 $4,622. 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 $3,173 and an average price per square feet of $0. There are a total of 22 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 $3,395 and an average price per square feet of $0. There are a total of 44 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 $9.69. There are a total of 150 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 0.50%, one bedroom rental prices have changed by 0.09%, two bedroom rental prices have changed by 0.04%, and three bedroom rental prices have changed by 0.02% 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 $3,698/month. You can search for these reasonably priced rental listings on RentHop.