Average Rent in Midtown East, New York, NY

Home  »  NY  »  New York  »  Midtown East

Current Versus Historical Midtown East, New York, NY Rents

Midtown East rentals average $3,350 for a studio rental to $7,995 for a 4-bedroom rental. The median price of all currently available listings is $4,550, or roughly $6 per square feet.
For the apartment units and housing in April 2024, median rents have fallen substantiallyover the last year. Studio rentals prices have increased by $133 (4.31%) year-over-year from $3,092 to $3,225. 1-bedroom rentals prices have decreased by $988 (-18.74%) year-over-year from $5,273 to $4,285. 2-bedroom rentals prices have decreased by $4,340 (-43.40%) year-over-year from $10,000 to $5,660. 3-bedroom rentals prices have decreased by $2,165 (-25.73%) year-over-year from $8,415 to $6,250. 4-bedroom rentals prices have decreased by $295 (-3.56%) year-over-year from $8,295 to $8,000. 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 1.57% this month. 1-bedroom rents have gone down by 0.19% this month. 2-bedroom rents have gone down by 2.75% this month. 3-bedroom rents have gone down by 10.25% this month. 4-bedroom rents have gone down by 6.94% this month.
Beds
Price / Sqft
Apr 2024 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
Studio $8.67 $3,225 $3,092 (4.31%) $2,100 (53.60%)
1 BR $6.12 $4,285 $5,273 (-18.74%) $3,037 (41.09%)
2 BR $5.55 $5,660 $10,000 (-43.40%) $4,061 (39.37%)
3 BR $6.33 $6,250 $8,415 (-25.73%) $4,952 (26.22%)
4+ BR $6.30 $8,000 $8,295 (-3.56%) $6,425 (24.51%)

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 $3,000 per month. A total of 26 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 Midtown East, New York, NY is Westport, CT. Monthly rents here are on average $15,475 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 50.75% more expensive than other cities nearby. One bedrooms are about 45.30% more expensive. Two bedrooms in Midtown East, New York, NY are about 44.94% more expensive. Finally, rent for three bedrooms are about 36.23% 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
Newark, NJ $2,150 $1,900 $2,100 $2,349
Hackensack, NJ $1,600 $1,875 $2,700 $2,388
Bayonne, NJ $2,325 $2,047 $2,400 $2,400
West New York, NJ N/A $2,525 $2,850 $2,698
Jersey City, NJ $2,803 $2,600 $2,650 $2,700
Union City, NJ $1,900 $2,300 $2,800 $2,775
Fort Lee, NJ $1,500 $2,385 $3,148 $2,850
Cliffside Park, NJ N/A $2,150 $3,100 $3,000
Hoboken, NJ $3,215 $3,200 $4,200 $3,700
New York, NY $3,500 $4,200 $5,123 $4,395

Top Neighborhoods Near Midtown East

There are a total of 53 neighborhoods in or near Midtown East. Some of these neighborhoods include Astoria, East Harlem, and Bowery. We've included the top 30 neighborhoods out of 53 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 $4,300 per month. A total of 31 neighborhoods have a lower average rent. Out of all the neighborhoods in or near Midtown East, East Side has the most affordable average rent at $1,900 per month. Whereas, at $8,325 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 $2,600 $2,795 $4,000 $3,200
East Harlem, New York, NY $2,675 $3,071 $3,195 $3,348
Bowery, New York, NY $2,870 $3,995 $4,299 $3,995
Long Island City, New York, NY $3,300 $4,001 $5,905 $3,998
Upper East Side, New York, NY $2,875 $3,700 $4,973 $4,000
Little Italy, New York, NY $3,900 $5,000 $5,500 $4,250
Financial District, New York, NY $3,495 $4,493 $6,350 $4,330
East Village, New York, NY $2,875 $3,600 $4,495 $4,495
NoLita, New York, NY $3,495 $4,495 $4,895 $4,495
Hell's Kitchen, New York, NY $3,500 $4,095 $6,002 $4,500
Williamsburg, New York, NY $3,607 $4,500 $4,650 $4,650
Murray Hill, New York, NY $3,580 $4,254 $6,569 $4,750
West Village, New York, NY $4,575 $4,573 $6,250 $4,795
Greenwich Village, New York, NY $4,150 $4,800 $5,310 $4,800
Kips Bay, New York, NY $3,793 $4,188 $5,308 $4,860
Greenpoint, New York, NY $3,495 $4,308 $5,700 $4,897
Upper West Side, New York, NY $3,193 $4,479 $6,338 $4,900
Midtown South, New York, NY $3,840 $4,798 $6,866 $4,932
Lower East Side, New York, NY $3,695 $3,445 $4,495 $4,997
Hudson Yards, New York, NY $3,800 $4,581 $6,950 $5,000
NoHo, New York, NY $3,850 $4,925 $7,750 $5,000
Flatiron District, New York, NY $4,050 $5,900 $8,571 $5,150
Chelsea, New York, NY $4,150 $5,498 $7,790 $5,325
Battery Park City, New York, NY $3,550 $4,598 $6,750 $5,500
NoMad, New York, NY $4,454 $5,582 $8,456 $5,698
Midtown, New York, NY $3,607 $4,400 $6,895 $5,790
Stuyvesant Town - Peter Cooper Village, New York, NY N/A $5,067 $6,075 $5,887
Gramercy Park, New York, NY $3,815 $5,086 $5,295 $6,138
SoHo, New York, NY $2,973 $3,950 $15,375 $6,188
Tribeca, New York, NY $4,250 $6,063 $7,295 $6,898

Top Counties Near Midtown East

There are a total of 53 counties located by Midtown East, New York, NY. Some of these counties include West New York, NJ, Jersey City, NJ, and North Bergen, NJ. The average rent for rentals in these counties is $3,485. That's roughly around $3 per sqft. A total of 34 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 $15,475, Westport, CT is the most expensive county by Midtown East, New York, NY.

Typically, rent for studios in Midtown East, New York, NY is 43.87% more expensive than other counties nearby. In comparison, rent for one bedroom listings in Midtown East, New York, NY is 41.67% more expensive than other counties nearby. Finally, rent for two bedrooms in Midtown East, New York, NY is 44.77% 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 $2,525 $2,850 $2,698
Jersey City, NJ $2,803 $2,600 $2,650 $2,700
North Bergen, NJ $2,250 $2,125 $2,850 $2,850
Fort Lee, NJ $1,500 $2,385 $3,148 $2,850
Cliffside Park, NJ N/A $2,150 $3,100 $3,000
Bronx, New York, NY $2,600 $2,450 $2,756 $3,000
Queens, New York, NY $2,950 $2,775 $3,200 $3,200
Hoboken, NJ $3,215 $3,200 $4,200 $3,700
Brooklyn, New York, NY $3,471 $3,970 $4,050 $3,876
Manhattan, New York, NY $3,550 $4,380 $5,550 $4,595

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 $4,495. 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 $2,983 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 $3,281. 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 $4,085 per month. Or in other words, $6 per sqft. Meanwhile, two bedroom apartments will cost you an average of $5,325 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 $3,350 $4,500 $5,300 $4,500
10017, New York, NY $3,400 $4,100 $7,025 $4,925
10065, New York, NY $2,975 $4,780 $6,395 $4,800
10016, New York, NY $3,695 $4,271 $5,950 $4,761
10021, New York, NY $2,850 $4,195 $3,750 $4,095
10010, New York, NY $4,050 $4,550 $5,435 $5,325
10036, New York, NY $3,500 $4,300 $6,415 $4,500
10075, New York, NY $2,473 $3,150 $3,500 $3,200
10019, New York, NY $3,595 $4,200 $6,430 $4,887
11101, New York, NY $3,324 $4,022 $5,950 $4,099

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 $4,550. 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 $3,350 and an average price per square feet of $8.67. There are a total of 242 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 $4,200 and an average price per square feet of $6.12. There are a total of 336 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 $5,595 and an average price per square feet of $5.55. There are a total of 256 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 0.04%, one bedroom rental prices have changed by -0.19%, two bedroom rental prices have changed by -0.43%, and three bedroom rental prices have changed by -0.26% 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 $3,640/month. You can search for these reasonably priced rental listings on RentHop.
Fair Housing and Equal Opportunity
Fair Housing and Equal Opportunity
© 2009 - 2024 RentHop.com™
Quantcast