Average Rent and Costs in Midtown South, New York, NY

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There are currently active 291 listings advertised for rent in Midtown South, New York, NY. Midtown South rentals average $3,700 for a studio rental to $6,500 for a 3-bedroom rental. The median price of all currently available listings is $4,775, or roughly $83 per square feet.
For the apartment units and housing in January 2023, median rents have risen over the last year. Studio rentals prices have increased by $504 (15.34%) year-over-year from $3,286 to $3,700. 1-bedroom rentals prices have increased by $357 (7.85%) year-over-year from $4,544 to $4,743. 2-bedroom rentals prices have increased by $3,067 (56.44%) year-over-year from $5,433 to $6,975. 3-bedroom rentals prices have decreased by $207 (-3.65%) year-over-year from $5,657 to $6,500. 4-bedroom rentals prices have increased by $11,303 (157.06%) year-over-year from $7,197 to $0. 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 1.70% this month. 1-bedroom rents have gone up by 0.07% this month. 2-bedroom rents have gone up by 0.30% this month. 3-bedroom rents have gone down by 17.94% this month. 4-bedroom rents have gone up by 54.27% this month.
Current Availabilities January 2023
Bedrooms     Rent Price / sqft     Whole Month Rent 1 Yr Ago Rent (% Change) 3 Yr Ago Rent (% Change)
Studio $3,700 $86 $3,790 $3,286 (15.34%) $2,815 (34.64%)
1 BR $4,743 $85 $4,900 $4,544 (7.85%) $4,005 (22.35%)
2 BR $6,975 $78 $8,500 $5,433 (56.44%) $5,749 (47.86%)
3 BR $6,500 $63 $5,450 $5,657 (-3.65%) $5,500 (-0.91%)

Historical Rents in Midtown South, New York, NY

Studio
1 Bedroom
2 Bedroom
3 Bedroom
4 Bedroom

Top Cities Near Midtown South

There are a total of 21 cities nearby Midtown South. The average rent in Midtown South is currently $3,000 per month. A total of 19 cities nearby have an average rent lower than that. Our records show that Bridgeport, CT, with an average rent of $1,700, is the most affordable city nearby. In contrast, the most expensive city near Midtown South, New York, NY is Spring Lake, NJ. Monthly rents here are on average $11,750 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 47.30% more expensive than other cities nearby. One bedrooms are about 57.83% more expensive. Two bedrooms in Midtown South, New York, NY are about 60.75% more expensive. Finally, rent for three bedrooms are about 46.15% more expensive. Want more information? Check out the top 10 cities out of 21 total cities near Midtown South, New York, NY in the following chart.
City Studio 1BR 2BR All
Newark, NJ $1,950 $1,325 $1,800 $2,048
Bayonne, NJ $2,000 $1,800 $2,400 $2,262
Jersey City, NJ $2,545 $2,531 $2,695 $2,750
West New York, NJ $2,500 $2,725 $2,738 $2,763
Fort Lee, NJ $1,600 $2,500 $3,100 $2,895
Union City, NJ $2,750 $2,900 $2,500 $2,950
Red Bank, NJ $1,925 $2,488 $3,698 $3,000
Hoboken, NJ $3,300 $3,000 $4,000 $3,400
New York, NY $3,195 $3,945 $4,795 $4,000
Long Branch, NJ $1,700 $2,300 $4,000 $4,000

Top Neighborhoods Near Midtown South

There are a total of 55 neighborhoods in or near Midtown South. Some of these neighborhoods include The Heights, Little Italy, and The Waterfront. We've included the top 30 neighborhoods out of 55 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 $3,995 per month. A total of 45 neighborhoods out of these neighborhoods have a lower average rent. Meaning, only minus fifteen neighborhoods have a higher average rent than $3,995. Out of all the neighborhoods in or near Midtown South, Kew Gardens has the most affordable average rent at $1,799 per month. Whereas, at $6,750 per month, Tribeca is the most expensive neighborhood in or near Midtown South. View the following chart for more information.
Neighborhood Studio 1BR 2BR All
The Heights, Jersey City, NJ $2,200 $3,075 $2,400 $2,698
Little Italy, New York, NY $3,250 $3,270 $4,698 $3,500
The Waterfront, Jersey City, NJ $2,900 $3,328 $4,428 $3,531
Upper East Side, New York, NY $2,495 $3,395 $4,995 $3,698
Long Island City, New York, NY $3,200 $3,843 $5,562 $3,930
Financial District, New York, NY $3,254 $4,145 $5,761 $3,972
Bowery, New York, NY $3,988 $3,250 $4,295 $3,995
Murray Hill, New York, NY $3,100 $3,900 $4,250 $3,995
Kips Bay, New York, NY $3,465 $3,895 $4,995 $4,195
Lower East Side, New York, NY $2,488 $3,258 $4,195 $4,195
NoLita, New York, NY N/A $4,295 $4,795 $4,295
East Village, New York, NY $2,600 $3,495 $4,495 $4,295
Hell's Kitchen, New York, NY $3,200 $3,900 $5,195 $4,395
Greenpoint, New York, NY $3,452 $4,035 $4,578 $4,408
Midtown East, New York, NY $3,000 $4,300 $5,900 $4,450
Hudson Yards, New York, NY $3,800 $4,290 $6,340 $4,462
Upper West Side, New York, NY $2,950 $4,086 $5,713 $4,500
Chelsea, New York, NY $3,700 $4,900 $6,995 $4,710
NoHo, New York, NY $3,575 $4,250 $6,818 $4,725
Greenwich Village, New York, NY $3,250 $5,395 $5,500 $4,750
Battery Park City, New York, NY $3,395 $3,850 $7,892 $4,813
Roosevelt Island, New York, NY $3,021 $3,400 $5,141 $5,068
DUMBO, New York, NY $3,835 $4,786 $6,825 $5,095
West Village, New York, NY $3,850 $4,995 $5,600 $5,295
Flatiron District, New York, NY $3,650 $5,550 $8,685 $5,425
Midtown, New York, NY $3,725 $4,095 $6,000 $5,500
NoMad, New York, NY $4,455 $5,275 $8,500 $5,530
SoHo, New York, NY $3,195 $4,675 $14,750 $5,800
Gramercy Park, New York, NY $3,500 $4,275 $5,395 $5,995
Tribeca, New York, NY $4,500 $5,313 $6,954 $6,750

Top Counties Near Midtown South

County Studio 1BR 2BR All
Bayonne, NJ $2,000 $1,800 $2,400 $2,262
Bronx, New York, NY $1,895 $2,275 $2,550 $2,513
North Bergen, NJ $1,975 $1,925 $3,100 $2,700
Jersey City, NJ $2,545 $2,531 $2,695 $2,750
West New York, NJ $2,500 $2,725 $2,738 $2,763
Fort Lee, NJ $1,600 $2,500 $3,100 $2,895
Union City, NJ $2,750 $2,900 $2,500 $2,950
Hoboken, NJ $3,300 $3,000 $4,000 $3,400
Brooklyn, New York, NY $3,381 $3,738 $3,650 $3,600
Manhattan, New York, NY $3,187 $3,995 $5,050 $4,200

Top Zipcodes Near Midtown South

Zipcode Studio 1BR 2BR All
10001, New York, NY $3,917 $4,788 $6,995 $4,707
10036, New York, NY $3,195 $4,000 $5,827 $4,385
10017, New York, NY $3,000 $4,250 $6,350 $4,450
10016, New York, NY $3,300 $3,995 $4,898 $4,250
10018, New York, NY $3,792 $4,685 $6,750 $4,575
10010, New York, NY $3,600 $3,895 $4,995 $4,064
10011, New York, NY $3,400 $5,200 $6,295 $4,800
10019, New York, NY $3,387 $3,900 $5,700 $4,500
10022, New York, NY $2,975 $4,300 $5,783 $4,495
10003, New York, NY $3,500 $3,910 $5,395 $5,395
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