Average Rent in Midtown, New York, NY

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Current Versus Historical Midtown, New York, NY Rents

Midtown rentals average $3,607 for a studio rental to $10,000 for a 4-bedroom rental. The median price of all currently available listings is $5,500, or roughly $7 per square feet.
For the apartment units and housing in April 2024, median rents have been roughly unchanged over the last year. Studio rentals prices have increased by $143 (4.03%) year-over-year from $3,539 to $3,682. 1-bedroom rentals prices have increased by $114 (2.59%) year-over-year from $4,383 to $4,497. 2-bedroom rentals prices have increased by $246 (3.72%) year-over-year from $6,605 to $6,850. 3-bedroom rentals prices have decreased by $3,083 (-21.89%) year-over-year from $14,083 to $11,000. 4-bedroom rentals prices have decreased by $3,267 (-22.90%) year-over-year from $14,267 to $11,000. 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 5.61% this month. 1-bedroom rents have gone up by 3.01% this month. 2-bedroom rents have gone down by 0.19% this month. 3-bedroom rents have gone up by 2.18% this month. 4-bedroom rents have gone down by 0.00% this month.
Beds
Price / Sqft
Apr 2024 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
Studio $8.00 $3,682 $3,539 (4.03%) $2,927 (25.79%)
1 BR $6.89 $4,497 $4,383 (2.59%) $3,441 (30.70%)
2 BR $6.29 $6,850 $6,605 (3.72%) $5,695 (20.28%)
3 BR $7.67 $11,000 $14,083 (-21.89%) $7,028 (56.53%)
4+ BR $5.23 $11,000 $14,267 (-22.90%) $7,267 (51.38%)

Historical Rents in Midtown, New York, NY

Studio
1 Bed
2 Bed
3 Bed
4 Bed

Top Cities Near Midtown

There are a total of 34 cities nearby Midtown. The average rent in Midtown is currently $3,075 per month. A total of 30 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, New York, NY is Westport, CT. Monthly rents here are on average $15,000 per month.

Let's compare Midtown, New York, NY's rent against other top cities nearby by bedroom size. Typically, rent for studios in Midtown, New York, NY is 52.70% more expensive than other cities nearby. One bedrooms are about 47.41% more expensive. Two bedrooms in Midtown, New York, NY are about 56.60% more expensive. Finally, rent for three bedrooms are about 51.69% more expensive. Want more information? Check out the top 10 cities out of 34 total cities near Midtown, New York, NY in the following chart.
City Studio 1 Bed 2 Bed All
Hackensack, NJ $1,600 $1,925 $2,700 $2,313
Bayonne, NJ $2,325 $2,057 $2,422 $2,400
West New York, NJ N/A $2,525 $2,850 $2,698
Jersey City, NJ $2,815 $2,650 $2,650 $2,700
Union City, NJ $1,900 $2,300 $2,800 $2,800
Fort Lee, NJ $1,500 $2,365 $3,050 $2,900
Cliffside Park, NJ N/A $2,150 $3,100 $3,000
Hoboken, NJ $3,026 $3,199 $4,250 $3,700
Palisades Park, NJ $1,500 $2,000 $2,935 $3,750
New York, NY $3,525 $4,200 $5,150 $4,395

Top Neighborhoods Near Midtown

There are a total of 54 neighborhoods in or near Midtown. Some of these neighborhoods include The Heights, Astoria, and East Harlem. We've included the top 30 neighborhoods out of 54 total neighborhoods in or near Midtown, New York, NY in the following chart.

The average rent for these 30 neighborhoods in or near Midtown, New York, NY is currently around $4,303 per month. A total of 49 neighborhoods have a lower average rent. Out of all the neighborhoods in or near Midtown, East Side has the most affordable average rent at $1,900 per month. Whereas, at $8,250 average rent per month, Ocean Beach is the most expensive neighborhood in or near Midtown. View the following chart for more information.
Neighborhood Studio 1 Bed 2 Bed All
The Heights, Jersey City, NJ N/A $2,200 $2,550 $2,580
Astoria, New York, NY $2,650 $2,850 $4,000 $3,200
East Harlem, New York, NY $2,638 $3,165 $3,195 $3,370
Bowery, New York, NY $2,870 $3,995 $3,999 $3,995
Long Island City, New York, NY $3,323 $4,001 $5,998 $4,000
Upper East Side, New York, NY $2,975 $3,600 $4,995 $4,000
NoLita, New York, NY $3,545 $4,495 $4,895 $4,495
Hell's Kitchen, New York, NY $3,500 $4,083 $6,095 $4,500
East Village, New York, NY $2,775 $3,625 $4,495 $4,500
Midtown East, New York, NY $3,400 $4,200 $5,623 $4,595
Williamsburg, New York, NY $3,609 $4,506 $4,650 $4,650
West Village, New York, NY $4,750 $4,750 $6,495 $4,795
Greenwich Village, New York, NY $4,150 $4,800 $5,075 $4,800
Murray Hill, New York, NY $3,601 $4,300 $6,598 $4,920
Kips Bay, New York, NY $3,785 $4,150 $5,340 $4,950
Little Italy, New York, NY $3,900 $5,000 $5,500 $4,950
Upper West Side, New York, NY $3,218 $4,479 $6,300 $4,952
Greenpoint, New York, NY $3,495 $4,308 $6,025 $5,000
Midtown South, New York, NY $3,785 $4,938 $6,865 $5,000
Hudson Yards, New York, NY $3,740 $4,545 $6,900 $5,000
NoHo, New York, NY $3,850 $5,000 $7,750 $5,000
Flatiron District, New York, NY $4,050 $5,898 $8,500 $5,150
Battery Park City, New York, NY $3,550 $4,539 $6,300 $5,152
Lower East Side, New York, NY $3,695 $3,495 $4,498 $5,195
Chelsea, New York, NY $3,966 $5,500 $7,925 $5,295
SoHo, New York, NY $2,995 $3,950 $14,250 $5,300
NoMad, New York, NY $4,449 $5,585 $8,506 $5,686
Stuyvesant Town - Peter Cooper Village, New York, NY N/A $5,067 $6,075 $5,848
Gramercy Park, New York, NY $3,815 $5,195 $5,295 $6,039
Tribeca, New York, NY $4,250 $5,975 $7,295 $6,895

Top Counties Near Midtown

There are a total of 54 counties located by Midtown, 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 $3,643. That's roughly around $3 per sqft. A total of 40 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 $15,000, Westport, CT is the most expensive county by Midtown, New York, NY.

Typically, rent for studios in Midtown, New York, NY is 46.77% more expensive than other counties nearby. In comparison, rent for one bedroom listings in Midtown, New York, NY is 44.25% more expensive than other counties nearby. Finally, rent for two bedrooms in Midtown, New York, NY is 55.58% 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 $2,815 $2,650 $2,650 $2,700
North Bergen, NJ $2,149 $2,125 $2,850 $2,850
Fort Lee, NJ $1,500 $2,365 $3,050 $2,900
Cliffside Park, NJ N/A $2,150 $3,100 $3,000
Bronx, New York, NY $2,750 $2,450 $2,900 $3,055
Hoboken, NJ $3,026 $3,199 $4,250 $3,700
Palisades Park, NJ $1,500 $2,000 $2,935 $3,750
Brooklyn, New York, NY $3,492 $3,995 $4,000 $3,899
Manhattan, New York, NY $3,595 $4,380 $5,550 $4,595

Top Zipcodes Near Midtown

There are a total of 50 zipcodes in or near Midtown, New York, NY. The average rent for all of these zipcodes is $4,463. A total of 44 zipcodes have a average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 07756, Ocean Grove, NJ at $3,000 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 $3,340. 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, New York, NY is $4,088 per month. Or in other words, $7 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, New York, NY. You can view the average rent breakdown for each zipcode by bedroom size.
Zipcode Studio 1 Bed 2 Bed All
10017, New York, NY $3,600 $4,100 $7,285 $5,045
10036, New York, NY $3,500 $4,300 $6,325 $4,500
10022, New York, NY $3,350 $4,500 $5,300 $4,500
10019, New York, NY $3,607 $4,179 $6,500 $4,795
10018, New York, NY $3,575 $4,798 $6,695 $5,068
10001, New York, NY $4,222 $5,382 $7,993 $5,486
10016, New York, NY $3,700 $4,245 $5,980 $4,800
10065, New York, NY $2,975 $4,598 $6,395 $5,100
10010, New York, NY $4,050 $4,760 $5,435 $5,395
10023, New York, NY $3,425 $4,500 $9,000 $5,383

Frequently Asked Questions - Midtown Average Rents

What is the average rent price in Midtown, New York, NY?
The average monthly rental price for Midtown, New York, NY apartments for rent is approximately $5,500. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.
Do Midtown, 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, New York, NY.
How much is a studio apartment in Midtown, New York, NY?
The average monthly rental price for studio apartments is $3,607 and an average price per square feet of $8.00. There are a total of 59 studio apartment listings currently available for rent in Midtown.
How much is a one bedroom apartment in Midtown, New York, NY?
The average monthly rental price for one bedroom apartments is $4,395 and an average price per square feet of $6.89. There are a total of 132 one bedroom apartment listings currently available for rent in Midtown.
How much is a two bedroom apartment in Midtown, New York, NY?
The average monthly rental price for two bedroom apartments is $6,895 and an average price per square feet of $6.29. There are a total of 119 two bedroom apartment listings currently available for rent in Midtown.
How have rent prices in Midtown, New York, NY changed this year?
Rent prices for rentals in Midtown, New York, NY can fluctuate yearly. Specifically, studio rental prices have changed by 0.04%, one bedroom rental prices have changed by 0.03%, two bedroom rental prices have changed by 0.04%, and three bedroom rental prices have changed by -0.22% year-over-year.
What is a reasonable rent price in Midtown, New York, NY?
A reasonable rent price in Midtown, New York, NY is around $4,400/month. You can search for these reasonably priced rental listings on RentHop.
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