Average Rent in Midtown, New York, NY

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Current Versus Historical Midtown, New York, NY Rents

Midtown rentals average $3,800 for a studio rental to $9,600 for a 4-bedroom rental. The median price of all currently available listings is $4,713, or roughly $84 per square feet.
For the apartment units and housing in March 2023, median rents have been roughly unchanged over the last year. Studio rentals prices have increased by $438 (14.11%) year-over-year from $3,101 to $3,539. 1-bedroom rentals prices have increased by $143 (3.43%) year-over-year from $4,157 to $4,300. 2-bedroom rentals prices have increased by $100 (1.59%) year-over-year from $6,300 to $6,400. 3-bedroom rentals prices have increased by $6,700 (98.53%) year-over-year from $6,800 to $13,500. 4-bedroom rentals prices have increased by $7,500 (65.22%) year-over-year from $11,500 to $19,000. 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 2.24% this month. 1-bedroom rents have gone down by 1.66% this month. 2-bedroom rents have gone up by 1.83% this month. 3-bedroom rents have gone up by 31.71% this month. 4-bedroom rents have gone down by 11.62% this month.
Beds
Price / Sqft
Mar 2023 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
Studio $97 $3,539 $3,101 (14.11%) $2,881 (22.83%)
1 BR $77 $4,300 $4,157 (3.43%) $3,667 (17.27%)
2 BR $71 $6,400 $6,300 (1.59%) $5,317 (20.38%)
3 BR $109 $13,500 $6,800 (98.53%) $6,275 (115.13%)
4+ BR $44 $19,000 $11,500 (65.22%) $16,683 (13.89%)

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 21 cities nearby Midtown. The average rent in Midtown is currently $3,950 per month. A total of 14 cities nearby have an average rent lower than that. Our records show that Bridgeport, CT, with an average rent of $1,738, is the most affordable city nearby. In contrast, the most expensive city near Midtown, New York, NY is Sea Girt, NJ. 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 56.71% more expensive than other cities nearby. One bedrooms are about 47.79% more expensive. Two bedrooms in Midtown, New York, NY are about 49.54% more expensive. Finally, rent for three bedrooms are about 57.89% more expensive. Want more information? Check out the top 10 cities out of 21 total cities near Midtown, New York, NY in the following chart.
City Studio 1 Bed 2 Bed All
Newark, NJ $2,000 $1,375 $1,850 $2,100
Bayonne, NJ $2,175 $1,800 $2,000 $2,150
Union City, NJ $3,500 $2,275 $2,600 $2,750
Jersey City, NJ $2,300 $3,004 $2,500 $2,750
Fort Lee, NJ $2,040 $2,125 $3,173 $3,095
Stamford, CT $1,375 $2,100 $3,025 $3,125
Hoboken, NJ $3,100 $3,250 $4,150 $3,698
Long Beach, NY $1,900 $2,350 $3,250 $4,100
New York, NY $3,295 $3,995 $4,925 $4,180
Long Branch, NJ N/A $2,000 $5,000 $4,420

Top Neighborhoods Near Midtown

There are a total of 56 neighborhoods in or near Midtown. Some of these neighborhoods include East Harlem, Astoria, and Roosevelt Island. We've included the top 30 neighborhoods out of 56 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 $4,138 per month. A total of 43 neighborhoods have a lower average rent. Out of all the neighborhoods in or near Midtown, Briarwood has the most affordable average rent at $1,650 per month. Whereas, at $6,595 average rent per month, Tribeca is the most expensive neighborhood in or near Midtown. View the following chart for more information.
Neighborhood Studio 1 Bed 2 Bed All
East Harlem, New York, NY $3,000 $2,800 $2,895 $3,000
Astoria, New York, NY $2,699 $2,795 $3,050 $3,020
Roosevelt Island, New York, NY $3,368 $3,400 $4,400 $3,653
Upper East Side, New York, NY $2,527 $3,499 $4,710 $3,750
Little Italy, New York, NY $3,750 $3,750 $5,000 $3,975
Murray Hill, New York, NY $3,250 $3,900 $4,395 $3,995
Long Island City, New York, NY $3,150 $4,000 $5,710 $4,041
East Village, New York, NY $2,675 $3,395 $4,495 $4,195
Hell's Kitchen, New York, NY $3,500 $3,686 $5,200 $4,200
NoLita, New York, NY $3,495 $4,195 $4,995 $4,295
Kips Bay, New York, NY $3,435 $3,795 $4,595 $4,295
Midtown East, New York, NY $3,000 $4,250 $5,852 $4,375
Lower East Side, New York, NY $2,425 $2,950 $4,395 $4,395
Williamsburg, New York, NY $3,815 $4,300 $4,308 $4,450
Greenpoint, New York, NY $3,068 $4,240 $4,900 $4,480
Bowery, New York, NY $2,600 $4,695 $4,495 $4,495
Hudson Yards, New York, NY $3,712 $4,275 $6,462 $4,500
Midtown South, New York, NY $3,700 $4,900 $5,642 $4,818
Chelsea, New York, NY $3,870 $4,997 $6,495 $4,830
Upper West Side, New York, NY $3,200 $4,338 $6,000 $4,842
West Village, New York, NY $4,057 $4,750 $6,125 $5,159
Greenwich Village, New York, NY $4,200 $5,300 $5,110 $5,200
Battery Park City, New York, NY $3,420 $4,160 $6,285 $5,300
Stuyvesant Town - Peter Cooper Village, New York, NY N/A $4,902 $6,049 $5,440
Flatiron District, New York, NY $4,100 $5,750 $6,500 $5,573
NoMad, New York, NY $4,464 $5,533 $6,295 $5,741
NoHo, New York, NY $3,600 $3,875 $6,450 $5,995
Gramercy Park, New York, NY $3,580 $4,500 $5,295 $6,013
SoHo, New York, NY $3,750 $4,750 $7,150 $6,200
Tribeca, New York, NY $4,925 $5,195 $7,295 $6,595

Top Counties Near Midtown

There are a total of 56 counties located by Midtown, New York, NY. Some of these counties include Newark, NJ, Bayonne, NJ, and Bronx, New York, NY. The average rent for rentals in these counties is $3,698. That's roughly around $36 per sqft. A total of 23 counties have a lower average rent. The county that is the most affordable is Bridgeport, CT. It's average rent per month is $1,738. Vice versa, with an average rent of $11,000, Spring Lake, NJ is the most expensive county by Midtown, New York, NY.

Typically, rent for studios in Midtown, New York, NY is 50.13% more expensive than other counties nearby. In comparison, rent for one bedroom listings in Midtown, New York, NY is 45.30% more expensive than other counties nearby. Finally, rent for two bedrooms in Midtown, New York, NY is 49.54% more expensive than other counties nearby. We've listed the top 10 counties in the chart below.
County Studio 1 Bed 2 Bed All
Newark, NJ $2,000 $1,375 $1,850 $2,100
Bayonne, NJ $2,175 $1,800 $2,000 $2,150
Bronx, New York, NY $1,895 $2,098 $2,500 $2,450
Union City, NJ $3,500 $2,275 $2,600 $2,750
Jersey City, NJ $2,300 $3,004 $2,500 $2,750
Queens, New York, NY $2,540 $2,500 $3,025 $2,895
Fort Lee, NJ $2,040 $2,125 $3,173 $3,095
Brooklyn, New York, NY $3,350 $3,760 $3,514 $3,600
Hoboken, NJ $3,100 $3,250 $4,150 $3,698
Manhattan, New York, NY $3,300 $4,050 $5,295 $4,350

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 $4,295. A total of 40 zipcodes have a average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 07002, Bayonne, NJ at $2,150 per month. In comparison, the zipcode with the most expensive average rent of $10,000 per month is 07762, Spring Lake Heights, NJ.

Studios in these zipcodes have an average rent of $3,197. That's at least $85 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 $3,945 per month. Or in other words, $75 per sqft. Meanwhile, two bedroom apartments will cost you an average of $5,273 per month. Which comes out to $71 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 $3,200 $4,250 $6,400 $4,475
10036, New York, NY $3,400 $4,150 $5,983 $4,295
10022, New York, NY $2,825 $4,350 $5,650 $4,431
10019, New York, NY $3,650 $3,850 $5,500 $4,495
10018, New York, NY $3,684 $4,661 $6,807 $4,693
10001, New York, NY $4,189 $4,985 $6,500 $4,830
10016, New York, NY $3,300 $3,995 $4,495 $4,100
10065, New York, NY $2,950 $3,895 $4,200 $4,175
10010, New York, NY $3,295 $3,895 $4,795 $4,595
10023, New York, NY $3,400 $4,495 $6,900 $4,850

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 $4,713. 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 $3,800 and an average price per square feet of $96.64. There are a total of 82 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 $4,022 and an average price per square feet of $77.41. There are a total of 228 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 $5,995 and an average price per square feet of $70.90. There are a total of 220 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 0.14%, one bedroom rental prices have changed by 0.03%, two bedroom rental prices have changed by 0.02%, and three bedroom rental prices have changed by 0.99% 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 $3,770/month. You can search for these reasonably priced rental listings on RentHop.
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