Average Rent in Midtown, New York, NY

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Current Versus Historical Midtown, New York, NY Rents

Midtown rentals average $3,523 for a studio rental to $31,950 for a 4-bedroom rental. The median price of all currently available listings is $4,968, or roughly $7 per square feet.
For the apartment units and housing in July 2024, median rents have risen over the last year. Studio rentals prices have increased by $205 (5.87%) year-over-year from $3,490 to $3,695. 1-bedroom rentals prices have increased by $414 (9.44%) year-over-year from $4,386 to $4,800. 2-bedroom rentals prices have increased by $178 (2.61%) year-over-year from $6,817 to $6,995. 3-bedroom rentals prices have increased by $9,833 (80.82%) year-over-year from $12,167 to $22,000. 4-bedroom rentals prices have increased by $17,167 (82.40%) year-over-year from $20,833 to $38,000. 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 2.73% this month. 1-bedroom rents have gone up by 4.16% this month. 2-bedroom rents have gone up by 2.63% this month. 3-bedroom rents have gone up by 37.02% this month. 4-bedroom rents have gone up by 79.10% this month.
Beds
Price / Sqft
Jul 2024 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
Studio $6.89 $3,695 $3,490 (5.87%) $2,800 (31.96%)
1 BR $5.93 $4,800 $4,386 (9.44%) $3,640 (31.87%)
2 BR $7.76 $6,995 $6,817 (2.61%) $6,415 (9.04%)
3 BR $7.80 $22,000 $12,167 (80.82%) $5,848 (276.18%)
4+ BR $9.82 $38,000 $20,833 (82.40%) $18,208 (108.70%)

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 15 cities nearby Midtown. The average rent in Midtown is currently $3,179 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 $1,900, is the most affordable city nearby. In contrast, the most expensive city near Midtown, New York, NY is Ocean Beach, NY. Monthly rents here are on average $8,000 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 47.48% more expensive than other cities nearby. One bedrooms are about 52.40% more expensive. Two bedrooms in Midtown, New York, NY are about 50.32% more expensive. Finally, rent for three bedrooms are about 52.56% more expensive. Want more information? Check out the top 10 cities out of 15 total cities near Midtown, New York, NY in the following chart.
City Studio 1 Bed 2 Bed All
Paterson, NJ $1,850 $1,850 $2,100 $2,250
Newark, NJ $1,800 $1,675 $2,050 $2,300
Elizabeth, NJ N/A $1,900 $2,200 $2,525
Fort Lee, NJ $1,900 $2,375 $3,505 $2,848
Jersey City, NJ $2,390 $3,271 $3,475 $3,179
Yonkers, NY $2,100 $2,598 $3,400 $3,290
Cliffside Park, NJ N/A $2,050 $3,975 $3,600
New York, NY $3,585 $4,354 $5,295 $4,495
New Rochelle, NY $2,250 $3,030 $4,690 $4,500
Long Beach, NY $2,400 $3,300 $3,800 $4,500

Top Neighborhoods Near Midtown

There are a total of 51 neighborhoods in or near Midtown. Some of these neighborhoods include Astoria, East Harlem, and NoHo. We've included the top 30 neighborhoods out of 51 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 $4,434 per month. A total of 35 neighborhoods have a lower average rent. Out of all the neighborhoods in or near Midtown, East Side has the most affordable average rent at $2,201 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
Astoria, New York, NY $2,427 $2,750 $4,000 $3,300
East Harlem, New York, NY $2,495 $2,995 $3,395 $3,795
NoHo, New York, NY $3,950 $4,125 $7,350 $4,075
Upper East Side, New York, NY $2,900 $3,600 $5,000 $4,195
Long Island City, New York, NY $3,365 $4,125 $6,150 $4,195
Flatiron District, New York, NY $4,100 $5,900 $10,500 $4,200
Bowery, New York, NY $2,800 $3,450 $4,798 $4,300
Financial District, New York, NY $3,695 $4,720 $6,780 $4,420
Murray Hill, New York, NY $3,400 $4,595 $7,407 $4,495
West Village, New York, NY $3,995 $4,650 $7,445 $4,550
NoLita, New York, NY $3,390 $4,495 $6,495 $4,595
Hell's Kitchen, New York, NY $3,700 $4,500 $5,885 $4,595
Midtown East, New York, NY $3,400 $4,475 $6,361 $4,625
Greenwich Village, New York, NY $4,100 $5,095 $4,395 $4,800
Midtown South, New York, NY $3,700 $4,800 $5,050 $4,850
Upper West Side, New York, NY $3,450 $4,250 $7,000 $4,906
Greenpoint, New York, NY $2,979 $4,000 $5,200 $4,973
Kips Bay, New York, NY $3,845 $4,070 $5,345 $4,995
Williamsburg, New York, NY $3,947 $4,699 $5,200 $5,000
Little Italy, New York, NY $3,900 $5,000 $5,495 $5,200
East Village, New York, NY $2,700 $3,850 $5,200 $5,295
Hudson Yards, New York, NY $3,590 $5,000 $7,600 $5,300
SoHo, New York, NY $3,850 $4,850 $5,400 $5,400
Chelsea, New York, NY $4,123 $5,476 $8,000 $5,405
Gramercy Park, New York, NY $3,725 $4,895 $5,495 $5,495
Battery Park City, New York, NY $4,110 $5,209 $7,250 $5,750
NoMad, New York, NY $4,395 $5,663 $8,123 $5,781
Lower East Side, New York, NY $2,625 $4,195 $5,295 $5,995
Stuyvesant Town - Peter Cooper Village, New York, NY N/A $5,057 $6,054 $6,100
Tribeca, New York, NY $4,500 $5,999 $8,340 $7,195

Top Counties Near Midtown

There are a total of 51 counties located by Midtown, New York, NY. Some of these counties include Newark, NJ, Bloomfield, NJ, and Elizabeth, NJ. The average rent for rentals in these counties is $3,500. That's roughly around $3 per sqft. A total of 26 counties have a lower average rent. The county that is the most affordable is Bridgeport, CT. It's average rent per month is $1,900. Vice versa, with an average rent of $5,000, Islip, NY is the most expensive county by Midtown, New York, NY.

Typically, rent for studios in Midtown, New York, NY is 46.06% more expensive than other counties nearby. In comparison, rent for one bedroom listings in Midtown, New York, NY is 44.53% more expensive than other counties nearby. Finally, rent for two bedrooms in Midtown, New York, NY is 50.32% 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 $1,800 $1,675 $2,050 $2,300
Bloomfield, NJ N/A $1,750 $2,300 $2,425
Elizabeth, NJ N/A $1,900 $2,200 $2,525
Fort Lee, NJ $1,900 $2,375 $3,505 $2,848
Jersey City, NJ $2,390 $3,271 $3,475 $3,179
Bronx, New York, NY $2,491 $2,625 $3,200 $3,200
Queens, New York, NY $2,919 $3,100 $3,702 $3,500
Cliffside Park, NJ N/A $2,050 $3,975 $3,600
Brooklyn, New York, NY $3,500 $3,893 $4,200 $4,000
Manhattan, New York, NY $3,600 $4,495 $5,599 $4,698

Top Zipcodes Near Midtown

There are a total of 44 zipcodes in or near Midtown, New York, NY. The average rent for all of these zipcodes is $4,596. A total of 33 zipcodes have a average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 11226, New York, NY at $3,210 per month. In comparison, the zipcode with the most expensive average rent of $7,800 per month is 11770, Ocean Beach, NY.

Studios in these zipcodes have an average rent of $3,425. 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 $4,390 per month. Or in other words, $7 per sqft. Meanwhile, two bedroom apartments will cost you an average of $5,550 per month. Which comes out to $7 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 $4,475 $7,816 $4,595
10036, New York, NY $3,500 $4,600 $6,500 $4,713
10022, New York, NY $3,450 $4,650 $6,250 $4,800
10019, New York, NY $3,700 $4,570 $6,300 $4,708
10018, New York, NY $3,500 $4,795 $7,025 $4,825
10001, New York, NY $4,207 $5,422 $8,040 $5,440
10016, New York, NY $3,550 $4,384 $5,799 $4,850
10065, New York, NY $3,500 $4,495 $6,500 $5,325
10010, New York, NY $3,955 $4,878 $5,395 $4,995
10023, New York, NY $3,181 $4,593 $8,250 $4,863

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 $4,968. 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 $3,523 and an average price per square feet of $6.89. There are a total of 62 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 $4,750 and an average price per square feet of $5.93. There are a total of 167 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 $6,995 and an average price per square feet of $7.76. There are a total of 126 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 0.06%, one bedroom rental prices have changed by 0.09%, two bedroom rental prices have changed by 0.03%, and three bedroom rental prices have changed by 0.81% 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 $3,974/month. You can search for these reasonably priced rental listings on RentHop.
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