Average Rent in Midtown South, New York, NY

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Current Versus Historical Midtown South, New York, NY Rents

Midtown South rentals average $3,720 for a studio rental to $16,750 for a 4-bedroom rental. The median price of all currently available listings is $4,900, or roughly $7 per square feet.
For the apartment units and housing in February 2024, median rents have been roughly unchanged over the last year. Studio rentals prices have decreased by $99 (-2.60%) year-over-year from $3,799 to $3,700. 1-bedroom rentals prices have decreased by $165 (-3.23%) year-over-year from $5,115 to $4,950. 2-bedroom rentals prices have decreased by $982 (-11.78%) year-over-year from $8,332 to $7,350. 3-bedroom rentals prices have increased by $3,003 (54.69%) year-over-year from $5,492 to $8,495. 4-bedroom rentals prices have decreased by $2,507 (-22.77%) year-over-year from $11,007 to $8,500. 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 2.07% this month. 1-bedroom rents have gone up by 1.05% this month. 2-bedroom rents have gone up by 4.50% this month. 3-bedroom rents have gone up by 6.21% this month. 4-bedroom rents have gone down by 24.99% this month.
Beds
Price / Sqft
Feb 2024 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
Studio $6.95 $3,700 $3,799 (-2.60%) $3,183 (16.23%)
1 BR $7.08 $4,950 $5,115 (-3.23%) $3,711 (33.39%)
2 BR $6.91 $7,350 $8,332 (-11.78%) $3,209 (129.07%)
3 BR $4.86 $8,495 $5,492 (54.69%) $4,260 (99.41%)
4+ BR $6.74 $8,500 $11,007 (-22.77%) $5,750 (47.83%)

Historical Rents in Midtown South, New York, NY

Studio
1 Bed
2 Bed
3 Bed
4 Bed

Top Cities Near Midtown South

There are a total of 32 cities nearby Midtown South. The average rent in Midtown South is currently $3,135 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 $1,800, is the most affordable city nearby. In contrast, the most expensive city near Midtown South, New York, NY is Westport, CT. Monthly rents here are on average $17,250 per month.

Let's compare Midtown South, New York, NY's rent against other top cities nearby by bedroom size. Typically, rent for studios in Midtown South, New York, NY is 58.67% more expensive than other cities nearby. One bedrooms are about 53.06% more expensive. Two bedrooms in Midtown South, New York, NY are about 62.51% more expensive. Finally, rent for three bedrooms are about 42.78% more expensive. Want more information? Check out the top 10 cities out of 32 total cities near Midtown South, New York, NY in the following chart.
City Studio 1 Bed 2 Bed All
Newark, NJ $2,200 $2,025 $2,100 $2,300
Hackensack, NJ N/A $1,900 $2,500 $2,310
Bayonne, NJ N/A $2,143 $2,407 $2,399
Union City, NJ N/A $2,200 $2,700 $2,700
West New York, NJ N/A $2,600 $2,800 $2,800
Jersey City, NJ $2,300 $2,800 $2,800 $2,900
Fort Lee, NJ $1,400 $2,625 $3,400 $3,045
Cliffside Park, NJ $1,525 $2,650 $3,095 $3,225
Hoboken, NJ $2,500 $3,171 $3,850 $3,453
New York, NY $3,365 $4,095 $4,876 $4,125

Top Neighborhoods Near Midtown South

There are a total of 56 neighborhoods in or near Midtown South. Some of these neighborhoods include The Heights, Bowery, and The Waterfront. We've included the top 30 neighborhoods out of 56 total neighborhoods in or near Midtown South, New York, NY in the following chart.

The average rent for these 30 neighborhoods in or near Midtown South, New York, NY is currently around $3,885 per month. A total of 45 neighborhoods have a lower average rent. Out of all the neighborhoods in or near Midtown South, Elmhurst has the most affordable average rent at $2,520 per month. Whereas, at $8,200 average rent per month, Ocean Beach is the most expensive neighborhood in or near Midtown South. View the following chart for more information.
Neighborhood Studio 1 Bed 2 Bed All
The Heights, Jersey City, NJ $875 $2,400 $2,800 $2,800
Bowery, New York, NY $2,600 $3,199 $3,895 $3,537
The Waterfront, Jersey City, NJ $2,956 $3,455 $4,600 $3,599
NoHo, New York, NY $3,700 $3,875 $6,450 $3,875
Murray Hill, New York, NY $3,450 $3,850 $4,395 $3,895
Upper East Side, New York, NY $2,733 $3,500 $5,196 $4,000
Downtown Brooklyn, New York, NY $3,495 $4,110 $5,700 $4,098
Long Island City, New York, NY $3,319 $3,970 $5,625 $4,110
Financial District, New York, NY $3,423 $4,334 $5,620 $4,171
Hell's Kitchen, New York, NY $3,433 $4,071 $5,500 $4,400
Midtown East, New York, NY $3,250 $4,375 $5,850 $4,400
Williamsburg, New York, NY $3,723 $4,309 $4,180 $4,442
Kips Bay, New York, NY $3,685 $3,845 $4,995 $4,495
NoLita, New York, NY $3,495 $4,495 $5,123 $4,495
Lower East Side, New York, NY $3,992 $3,250 $4,495 $4,495
East Village, New York, NY $2,800 $3,595 $4,495 $4,495
Upper West Side, New York, NY $3,028 $4,201 $5,598 $4,500
Greenpoint, New York, NY $3,550 $4,400 $6,125 $4,600
Hudson Yards, New York, NY $3,625 $4,599 $6,970 $4,706
Chelsea, New York, NY $3,500 $5,195 $7,466 $4,895
Midtown, New York, NY $3,500 $4,375 $6,858 $4,935
Battery Park City, New York, NY $3,360 $4,010 $7,249 $5,000
Greenwich Village, New York, NY $4,003 $5,200 $6,913 $5,100
Stuyvesant Town - Peter Cooper Village, New York, NY N/A $5,014 $6,256 $5,390
West Village, New York, NY $3,695 $5,200 $6,250 $5,500
Flatiron District, New York, NY $3,800 $5,800 $9,000 $5,550
NoMad, New York, NY $4,419 $5,546 $8,506 $5,551
Gramercy Park, New York, NY $3,725 $5,000 $5,675 $5,925
Tribeca, New York, NY $4,375 $5,708 $7,395 $6,895
SoHo, New York, NY $2,995 $3,900 $10,000 $7,622

Top Counties Near Midtown South

There are a total of 56 counties located by Midtown South, New York, NY. Some of these counties include Bayonne, NJ, West New York, NJ, and Bronx, New York, NY. The average rent for rentals in these counties is $3,360. That's roughly around $3 per sqft. A total of 38 counties have a lower average rent. The county that is the most affordable is Bridgeport, CT. It's average rent per month is $1,800. Vice versa, with an average rent of $17,250, Westport, CT is the most expensive county by Midtown South, New York, NY.

Typically, rent for studios in Midtown South, New York, NY is 49.97% more expensive than other counties nearby. In comparison, rent for one bedroom listings in Midtown South, New York, NY is 50.51% more expensive than other counties nearby. Finally, rent for two bedrooms in Midtown South, New York, NY is 63.24% 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 N/A $2,143 $2,407 $2,399
West New York, NJ N/A $2,600 $2,800 $2,800
Bronx, New York, NY $2,173 $2,475 $2,800 $2,898
Jersey City, NJ $2,300 $2,800 $2,800 $2,900
North Bergen, NJ $2,900 $2,000 $2,900 $3,000
Fort Lee, NJ $1,400 $2,625 $3,400 $3,045
Cliffside Park, NJ $1,525 $2,650 $3,095 $3,225
Hoboken, NJ $2,500 $3,171 $3,850 $3,453
Brooklyn, New York, NY $3,429 $3,685 $3,660 $3,600
Manhattan, New York, NY $3,392 $4,247 $5,420 $4,399

Top Zipcodes Near Midtown South

There are a total of 50 zipcodes in or near Midtown South, New York, NY. The average rent for all of these zipcodes is $4,295. A total of 41 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 $2,700 per month. In comparison, the zipcode with the most expensive average rent of $9,500 per month is 07762, Spring Lake Heights, NJ.

Studios in these zipcodes have an average rent of $3,271. 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 South, New York, NY is $3,915 per month. Or in other words, $6 per sqft. Meanwhile, two bedroom apartments will cost you an average of $4,928 per month. Which comes out to $6 per sqft. The following chart includes the top 10 zipcodes in Midtown South, New York, NY. You can view the average rent breakdown for each zipcode by bedroom size.
Zipcode Studio 1 Bed 2 Bed All
10001, New York, NY $4,197 $5,120 $7,995 $5,160
10036, New York, NY $3,460 $4,390 $6,244 $4,610
10017, New York, NY $3,300 $4,500 $6,650 $4,525
10016, New York, NY $3,473 $4,095 $4,850 $4,295
10018, New York, NY $3,516 $4,741 $7,040 $4,490
10010, New York, NY $3,750 $3,845 $5,615 $5,129
10011, New York, NY $3,350 $5,200 $6,775 $4,650
10019, New York, NY $3,500 $4,100 $5,954 $4,495
10022, New York, NY $3,200 $4,300 $5,689 $4,400
10003, New York, NY $3,450 $4,750 $5,200 $5,000

Frequently Asked Questions - Midtown South Average Rents

What is the average rent price in Midtown South, New York, NY?
The average monthly rental price for Midtown South, New York, NY apartments for rent is approximately $4,900. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.
Do Midtown South, 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 South, New York, NY.
How much is a studio apartment in Midtown South, New York, NY?
The average monthly rental price for studio apartments is $3,720 and an average price per square feet of $6.95. There are a total of 36 studio apartment listings currently available for rent in Midtown South.
How much is a one bedroom apartment in Midtown South, New York, NY?
The average monthly rental price for one bedroom apartments is $4,900 and an average price per square feet of $7.08. There are a total of 63 one bedroom apartment listings currently available for rent in Midtown South.
How much is a two bedroom apartment in Midtown South, New York, NY?
The average monthly rental price for two bedroom apartments is $8,160 and an average price per square feet of $6.91. There are a total of 26 two bedroom apartment listings currently available for rent in Midtown South.
How have rent prices in Midtown South, New York, NY changed this year?
Rent prices for rentals in Midtown South, New York, NY can fluctuate yearly. Specifically, studio rental prices have changed by -0.03%, one bedroom rental prices have changed by -0.03%, two bedroom rental prices have changed by -0.12%, and three bedroom rental prices have changed by 0.55% year-over-year.
What is a reasonable rent price in Midtown South, New York, NY?
A reasonable rent price in Midtown South, New York, NY is around $3,920/month. You can search for these reasonably priced rental listings on RentHop.
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