Average Rent in Midtown East, New York, NY

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Current Versus Historical Midtown East, New York, NY Rents

Midtown East rentals average $3,200 for a studio rental to $9,295 for a 4-bedroom rental. The median price of all currently available listings is $4,400, or roughly $6 per square feet.
For the apartment units and housing in February 2024, median rents have fallen substantiallyover the last year. Studio rentals prices have increased by $208 (6.96%) year-over-year from $2,992 to $3,200. 1-bedroom rentals prices have decreased by $942 (-17.97%) year-over-year from $5,242 to $4,300. 2-bedroom rentals prices have decreased by $1,863 (-24.00%) year-over-year from $7,763 to $5,900. 3-bedroom rentals prices have increased by $18 (0.23%) year-over-year from $7,897 to $7,915. 4-bedroom rentals prices have increased by $965 (11.58%) year-over-year from $8,330 to $9,295. 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 1.59% this month. 1-bedroom rents have gone up by 0.39% this month. 2-bedroom rents have gone up by 0.03% this month. 3-bedroom rents have gone up by 3.62% this month. 4-bedroom rents have gone down by 9.15% this month.
Beds
Price / Sqft
Feb 2024 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
Studio $6.11 $3,200 $2,992 (6.96%) $2,027 (57.89%)
1 BR $5.61 $4,300 $5,242 (-17.97%) $2,953 (45.61%)
2 BR $5.40 $5,900 $7,763 (-24.00%) $4,051 (45.63%)
3 BR $6.29 $7,915 $7,897 (0.23%) $4,918 (60.94%)
4+ BR $4.63 $9,295 $8,330 (11.58%) $6,058 (53.45%)

Historical Rents in Midtown East, New York, NY

Studio
1 Bed
2 Bed
3 Bed
4 Bed

Top Cities Near Midtown East

There are a total of 33 cities nearby Midtown East. The average rent in Midtown East 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 Midtown East, New York, NY is Westport, CT. Monthly rents here are on average $16,999 per month.

Let's compare Midtown East, New York, NY's rent against other top cities nearby by bedroom size. Typically, rent for studios in Midtown East, New York, NY is 47.66% more expensive than other cities nearby. One bedrooms are about 47.43% more expensive. Two bedrooms in Midtown East, New York, NY are about 47.54% more expensive. Finally, rent for three bedrooms are about 50.73% more expensive. Want more information? Check out the top 10 cities out of 33 total cities near Midtown East, New York, NY in the following chart.
City Studio 1 Bed 2 Bed All
Hackensack, NJ N/A $1,900 $2,500 $2,345
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 Midtown East

There are a total of 57 neighborhoods in or near Midtown East. Some of these neighborhoods include Astoria, Harlem, and East Harlem. We've included the top 30 neighborhoods out of 57 total neighborhoods in or near Midtown East, New York, NY in the following chart.

The average rent for these 30 neighborhoods in or near Midtown East, New York, NY is currently around $3,900 per month. A total of 34 neighborhoods have a lower average rent. Out of all the neighborhoods in or near Midtown East, 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 Midtown East. View the following chart for more information.
Neighborhood Studio 1 Bed 2 Bed All
Astoria, New York, NY $2,375 $2,850 $3,800 $2,975
Harlem, New York, NY $2,595 $2,995 $3,200 $3,425
East Harlem, New York, NY $2,999 $3,092 $3,395 $3,495
Bowery, New York, NY $2,600 $3,199 $3,795 $3,575
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
Upper East Side, New York, NY $2,695 $3,600 $5,332 $3,995
Long Island City, New York, NY $3,319 $3,967 $5,599 $4,149
Financial District, New York, NY $3,405 $4,334 $5,600 $4,175
Hell's Kitchen, New York, NY $3,375 $4,060 $5,598 $4,395
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
Lower East Side, New York, NY $3,825 $3,250 $4,495 $4,495
Upper West Side, New York, NY $3,028 $4,200 $5,600 $4,500
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
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 Midtown East

There are a total of 57 counties located by Midtown East, New York, NY. Some of these counties include West New York, NJ, Bronx, New York, NY, 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 Midtown East, New York, NY.

Typically, rent for studios in Midtown East, New York, NY is 42.97% more expensive than other counties nearby. In comparison, rent for one bedroom listings in Midtown East, New York, NY is 44.29% more expensive than other counties nearby. Finally, rent for two bedrooms in Midtown East, New York, NY is 49.15% more expensive than other counties nearby. We've listed the top 10 counties in the chart below.
County Studio 1 Bed 2 Bed All
West New York, NJ N/A $2,600 $3,000 $2,851
Bronx, New York, NY $2,138 $2,466 $2,800 $2,895
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 Midtown East

There are a total of 50 zipcodes in or near Midtown East, New York, NY. The average rent for all of these zipcodes is $4,361. A total of 29 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 Midtown East, 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 Midtown East, New York, NY. You can view the average rent breakdown for each zipcode by bedroom size.
Zipcode Studio 1 Bed 2 Bed All
10022, New York, NY $3,200 $4,300 $5,825 $4,400
10017, New York, NY $3,425 $4,500 $6,650 $4,575
10065, New York, NY $2,975 $4,700 $7,300 $4,800
10016, New York, NY $3,450 $4,095 $4,850 $4,295
10021, New York, NY $3,048 $4,000 $6,400 $4,350
10010, New York, NY $3,750 $3,900 $5,600 $5,090
10036, New York, NY $3,433 $4,342 $6,119 $4,595
10075, New York, NY $2,438 $3,200 $3,895 $3,200
10019, New York, NY $3,500 $4,100 $5,955 $4,495
11101, New York, NY $3,335 $3,995 $5,905 $4,475

Frequently Asked Questions - Midtown East Average Rents

What is the average rent price in Midtown East, New York, NY?
The average monthly rental price for Midtown East, New York, NY apartments for rent is approximately $4,400. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.
Do Midtown East, 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 Midtown East, New York, NY.
How much is a studio apartment in Midtown East, New York, NY?
The average monthly rental price for studio apartments is $3,200 and an average price per square feet of $6.11. There are a total of 324 studio apartment listings currently available for rent in Midtown East.
How much is a one bedroom apartment in Midtown East, New York, NY?
The average monthly rental price for one bedroom apartments is $4,375 and an average price per square feet of $5.61. There are a total of 493 one bedroom apartment listings currently available for rent in Midtown East.
How much is a two bedroom apartment in Midtown East, New York, NY?
The average monthly rental price for two bedroom apartments is $5,900 and an average price per square feet of $5.40. There are a total of 261 two bedroom apartment listings currently available for rent in Midtown East.
How have rent prices in Midtown East, New York, NY changed this year?
Rent prices for rentals in Midtown East, New York, NY can fluctuate yearly. Specifically, studio rental prices have changed by 0.07%, one bedroom rental prices have changed by -0.18%, two bedroom rental prices have changed by -0.24%, and three bedroom rental prices have changed by 0.00% year-over-year.
What is a reasonable rent price in Midtown East, New York, NY?
A reasonable rent price in Midtown East, New York, NY is around $3,520/month. You can search for these reasonably priced rental listings on RentHop.
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