Average Rent in Midtown, New York, NY

Home  »  NY  »  New York  »  Midtown

Current Versus Historical Midtown, New York, NY Rents

Midtown rentals average $3,323 for a studio rental to $13,450 for a 4-bedroom rental. The median price of all currently available listings is $5,000, or roughly $7 per square feet.
For the apartment units and housing in June 2024, median rents have been roughly unchanged over the last year. Studio rentals prices have increased by $163 (4.74%) year-over-year from $3,432 to $3,595. 1-bedroom rentals prices have increased by $180 (4.10%) year-over-year from $4,395 to $4,575. 2-bedroom rentals prices have decreased by $180 (-2.59%) year-over-year from $6,950 to $6,770. 3-bedroom rentals prices have decreased by $1,500 (-11.54%) year-over-year from $13,000 to $11,500. 4-bedroom rentals prices have decreased by $6,717 (-33.31%) year-over-year from $20,167 to $13,450. 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 0.78% this month. 1-bedroom rents have gone up by 1.74% this month. 2-bedroom rents have gone up by 1.39% this month. 3-bedroom rents have gone up by 1.47% this month. 4-bedroom rents have gone up by 11.00% this month.
Beds
Price / Sqft
Jun 2024 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
Studio $6.50 $3,595 $3,432 (4.74%) $2,810 (27.92%)
1 BR $7.38 $4,575 $4,395 (4.10%) $3,473 (31.75%)
2 BR $7.12 $6,770 $6,950 (-2.59%) $5,450 (24.22%)
3 BR $5.88 $11,500 $13,000 (-11.54%) $5,928 (94.01%)
4+ BR $4.53 $13,450 $20,167 (-33.31%) $9,525 (41.21%)

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 32 cities nearby Midtown. The average rent in Midtown is currently $3,324 per month. A total of 27 cities nearby have an average rent lower than that. Our records show that Bridgeport, CT, with an average rent of $1,997, 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 $12,500 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 49.41% more expensive than other cities nearby. One bedrooms are about 54.92% more expensive. Two bedrooms in Midtown, New York, NY are about 55.84% more expensive. Finally, rent for three bedrooms are about 50.29% more expensive. Want more information? Check out the top 10 cities out of 32 total cities near Midtown, New York, NY in the following chart.
City Studio 1 Bed 2 Bed All
Hackensack, NJ $1,750 $1,950 $2,675 $2,200
Bayonne, NJ $1,950 $1,992 $2,507 $2,395
West New York, NJ $2,064 $2,450 $2,650 $2,600
Union City, NJ $1,675 $2,150 $2,700 $2,700
Jersey City, NJ $2,650 $3,200 $2,795 $2,950
Fort Lee, NJ $1,750 $2,500 $3,450 $3,000
Edgewater, NJ $1,900 $2,750 $3,695 $3,200
Cliffside Park, NJ N/A $2,200 $3,350 $3,550
Hoboken, NJ $3,509 $2,900 $4,200 $3,900
New York, NY $3,607 $4,408 $5,450 $4,537

Top Neighborhoods Near Midtown

There are a total of 52 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 52 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 $4,498 per month. A total of 40 neighborhoods have a lower average rent. Out of all the neighborhoods in or near Midtown, The Heights has the most affordable average rent at $2,800 per month. Whereas, at $8,000 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 $2,700 $2,500 $2,800
Astoria, New York, NY $2,500 $2,800 $4,150 $3,323
East Harlem, New York, NY $2,928 $2,995 $3,495 $3,795
Long Island City, New York, NY $3,300 $4,134 $6,250 $4,105
Bowery, New York, NY $2,800 $3,450 $4,744 $4,300
NoLita, New York, NY $3,480 $4,495 $6,495 $4,495
Upper East Side, New York, NY $2,850 $3,850 $5,995 $4,500
Greenpoint, New York, NY $3,540 $4,300 $5,950 $4,675
Upper West Side, New York, NY $3,350 $4,250 $7,095 $4,692
Hell's Kitchen, New York, NY $3,673 $4,500 $5,995 $4,713
Flatiron District, New York, NY $4,075 $5,800 $8,995 $4,775
Murray Hill, New York, NY $3,400 $4,698 $6,400 $4,790
Greenwich Village, New York, NY $4,150 $5,100 $4,925 $4,800
West Village, New York, NY $3,995 $4,900 $5,995 $4,895
Williamsburg, New York, NY $3,766 $4,700 $4,800 $4,900
Midtown East, New York, NY $3,300 $4,750 $5,595 $4,910
Kips Bay, New York, NY $3,860 $4,200 $5,420 $4,955
Midtown South, New York, NY $3,525 $4,995 $7,745 $4,975
NoHo, New York, NY $4,000 $5,350 $7,775 $4,995
East Village, New York, NY $3,425 $3,695 $4,900 $4,995
Little Italy, New York, NY $3,900 $5,000 $5,495 $5,062
Hudson Yards, New York, NY $3,759 $5,295 $7,500 $5,390
Chelsea, New York, NY $4,095 $5,504 $8,125 $5,410
Lower East Side, New York, NY $3,300 $4,195 $4,498 $5,495
SoHo, New York, NY $5,475 $4,850 $5,500 $5,500
Battery Park City, New York, NY $4,200 $5,058 $7,850 $5,500
Stuyvesant Town - Peter Cooper Village, New York, NY N/A $5,037 $6,127 $5,575
Gramercy Park, New York, NY $3,696 $5,138 $5,495 $5,695
NoMad, New York, NY $4,298 $5,638 $8,242 $5,781
Tribeca, New York, NY $4,500 $6,120 $8,340 $6,850

Top Counties Near Midtown

There are a total of 52 counties located by Midtown, New York, NY. Some of these counties include Bayonne, NJ, West New York, NJ, and North Bergen, NJ. The average rent for rentals in these counties is $3,800. That's roughly around $3 per sqft. A total of 30 counties have a lower average rent. The county that is the most affordable is Bridgeport, CT. It's average rent per month is $1,997. Vice versa, with an average rent of $12,500, Westport, CT is the most expensive county by Midtown, New York, NY.

Typically, rent for studios in Midtown, New York, NY is 47.34% more expensive than other counties nearby. In comparison, rent for one bedroom listings in Midtown, New York, NY is 48.63% more expensive than other counties nearby. Finally, rent for two bedrooms in Midtown, New York, NY is 49.56% 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 $1,950 $1,992 $2,507 $2,395
West New York, NJ $2,064 $2,450 $2,650 $2,600
North Bergen, NJ N/A $2,300 $2,995 $2,900
Jersey City, NJ $2,650 $3,200 $2,795 $2,950
Fort Lee, NJ $1,750 $2,500 $3,450 $3,000
Bronx, New York, NY $2,700 $2,650 $3,350 $3,085
Cliffside Park, NJ N/A $2,200 $3,350 $3,550
Hoboken, NJ $3,509 $2,900 $4,200 $3,900
Brooklyn, New York, NY $3,600 $3,750 $4,295 $3,999
Manhattan, New York, NY $3,660 $4,500 $5,750 $4,795

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 $4,631. A total of 37 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 $2,800 per month. In comparison, the zipcode with the most expensive average rent of $8,250 per month is 07762, Spring Lake Heights, NJ.

Studios in these zipcodes have an average rent of $3,349. That's at least $8 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 $4,158 per month. Or in other words, $7 per sqft. Meanwhile, two bedroom apartments will cost you an average of $5,600 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 $3,300 $4,750 $8,542 $4,995
10036, New York, NY $3,750 $4,884 $6,483 $5,295
10022, New York, NY $3,300 $4,795 $4,995 $4,895
10019, New York, NY $3,586 $4,500 $6,395 $4,800
10018, New York, NY $3,650 $5,142 $6,788 $5,300
10001, New York, NY $4,222 $5,450 $8,200 $5,486
10016, New York, NY $3,750 $4,415 $5,943 $4,995
10065, New York, NY $3,250 $4,575 $5,700 $4,850
10010, New York, NY $4,050 $5,086 $4,995 $5,100
10023, New York, NY $3,625 $4,350 $8,845 $4,666

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 $5,000. 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 $3,323 and an average price per square feet of $6.50. There are a total of 61 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 $4,575 and an average price per square feet of $7.38. There are a total of 145 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 $6,840 and an average price per square feet of $7.12. There are a total of 102 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 0.05%, one bedroom rental prices have changed by 0.04%, two bedroom rental prices have changed by -0.03%, and three bedroom rental prices have changed by -0.12% 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 $4,000/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