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 $3,785 for a studio rental to $9,000 for a 4-bedroom rental. The median price of all currently available listings is $4,895, or roughly $6 per square feet.
For the apartment units and housing in April 2024, median rents have fallenover the last year. Studio rentals prices have increased by $14 (0.37%) year-over-year from $3,733 to $3,747. 1-bedroom rentals prices have decreased by $322 (-6.16%) year-over-year from $5,224 to $4,903. 2-bedroom rentals prices have decreased by $1,502 (-17.95%) year-over-year from $8,367 to $6,865. 3-bedroom rentals prices have increased by $2,405 (43.02%) year-over-year from $5,590 to $7,995. 4-bedroom rentals prices have increased by $5,834 (41.19%) year-over-year from $14,165 to $19,999. 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 2.72% this month. 1-bedroom rents have gone down by 0.14% this month. 2-bedroom rents have gone down by 1.54% this month. 3-bedroom rents have gone down by 3.92% this month. 4-bedroom rents have gone up by 61.08% this month.
Beds
Price / Sqft
Apr 2024 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
Studio $6.70 $3,747 $3,733 (0.37%) $3,517 (6.54%)
1 BR $6.36 $4,903 $5,224 (-6.16%) $3,887 (26.13%)
2 BR $5.98 $6,865 $8,367 (-17.95%) $3,998 (71.70%)
3 BR $5.50 $7,995 $5,590 (43.02%) $4,900 (63.16%)
4+ BR $4.25 $19,999 $14,165 (41.19%) $7,029 (184.54%)

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 33 cities nearby Midtown South. The average rent in Midtown South is currently $3,000 per month. A total of 26 cities nearby have an average rent lower than that. Our records show that Bridgeport, CT, with an average rent of $1,950, 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 $15,475 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 56.41% more expensive than other cities nearby. One bedrooms are about 52.54% more expensive. Two bedrooms in Midtown South, New York, NY are about 55.55% more expensive. Finally, rent for three bedrooms are about 44.97% more expensive. Want more information? Check out the top 10 cities out of 33 total cities near Midtown South, New York, NY in the following chart.
City Studio 1 Bed 2 Bed All
Newark, NJ $2,150 $2,074 $2,100 $2,325
Bayonne, NJ $2,325 $2,036 $2,350 $2,400
Hackensack, NJ $1,600 $1,875 $2,700 $2,475
West New York, NJ N/A $2,475 $2,850 $2,695
Jersey City, NJ $2,805 $2,600 $2,650 $2,720
Union City, NJ $1,900 $2,300 $2,750 $2,800
Fort Lee, NJ $1,500 $2,390 $3,295 $2,850
Cliffside Park, NJ N/A $2,150 $3,100 $3,000
Hoboken, NJ $2,740 $3,200 $4,200 $3,700
New York, NY $3,500 $4,200 $5,150 $4,395

Top Neighborhoods Near Midtown South

There are a total of 53 neighborhoods in or near Midtown South. Some of these neighborhoods include The Heights, The Waterfront, and Bowery. We've included the top 30 neighborhoods out of 53 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 $4,315 per month. A total of 39 neighborhoods have a lower average rent. Out of all the neighborhoods in or near Midtown South, East Side has the most affordable average rent at $1,900 per month. Whereas, at $8,325 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 N/A $2,150 $2,580 $2,650
The Waterfront, Jersey City, NJ $3,013 $3,500 $5,110 $3,630
Bowery, New York, NY $2,870 $3,723 $4,173 $3,925
Long Island City, New York, NY $3,300 $3,998 $5,905 $3,950
Upper East Side, New York, NY $2,875 $3,785 $4,973 $4,000
Financial District, New York, NY $3,495 $4,469 $6,400 $4,315
East Village, New York, NY $2,700 $3,600 $4,495 $4,495
NoLita, New York, NY $3,495 $4,495 $4,895 $4,495
Little Italy, New York, NY $3,900 $5,000 $5,500 $4,500
Hell's Kitchen, New York, NY $3,500 $4,100 $6,000 $4,500
Midtown East, New York, NY $3,350 $4,200 $5,595 $4,595
Williamsburg, New York, NY $3,607 $4,450 $4,650 $4,650
Murray Hill, New York, NY $3,559 $4,275 $6,500 $4,700
Kips Bay, New York, NY $3,775 $4,165 $5,290 $4,745
Lower East Side, New York, NY $2,638 $3,395 $4,495 $4,762
West Village, New York, NY $4,593 $4,650 $5,885 $4,800
Greenwich Village, New York, NY $4,150 $4,800 $5,310 $4,800
Greenpoint, New York, NY $3,495 $4,299 $5,650 $4,877
Upper West Side, New York, NY $3,200 $4,500 $6,463 $4,954
NoHo, New York, NY $4,000 $4,925 $7,750 $5,000
Hudson Yards, New York, NY $3,823 $4,593 $6,950 $5,000
Flatiron District, New York, NY $4,050 $5,900 $8,571 $5,175
Chelsea, New York, NY $4,150 $5,576 $7,790 $5,394
Battery Park City, New York, NY $3,550 $4,598 $6,750 $5,463
NoMad, New York, NY $4,454 $5,585 $8,404 $5,700
Midtown, New York, NY $3,579 $4,400 $6,895 $5,829
Stuyvesant Town - Peter Cooper Village, New York, NY N/A $5,067 $6,075 $5,848
SoHo, New York, NY $2,973 $3,950 $14,250 $6,188
Gramercy Park, New York, NY $3,815 $5,043 $5,295 $6,195
Tribeca, New York, NY $4,300 $6,125 $7,295 $6,895

Top Counties Near Midtown South

There are a total of 53 counties located by Midtown South, New York, NY. Some of these counties include Bayonne, NJ, West New York, NJ, and Jersey City, NJ. The average rent for rentals in these counties is $3,500. That's roughly around $3 per sqft. A total of 37 counties have a lower average rent. The county that is the most affordable is Bridgeport, CT. It's average rent per month is $1,950. Vice versa, with an average rent of $15,475, Westport, CT is the most expensive county by Midtown South, New York, NY.

Typically, rent for studios in Midtown South, New York, NY is 52.14% more expensive than other counties nearby. In comparison, rent for one bedroom listings in Midtown South, New York, NY is 49.96% more expensive than other counties nearby. Finally, rent for two bedrooms in Midtown South, New York, NY is 55.26% 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 $2,325 $2,036 $2,350 $2,400
West New York, NJ N/A $2,475 $2,850 $2,695
Jersey City, NJ $2,805 $2,600 $2,650 $2,720
North Bergen, NJ $2,250 $2,100 $2,850 $2,800
Fort Lee, NJ $1,500 $2,390 $3,295 $2,850
Cliffside Park, NJ N/A $2,150 $3,100 $3,000
Bronx, New York, NY $2,200 $2,450 $2,700 $3,000
Hoboken, NJ $2,740 $3,200 $4,200 $3,700
Brooklyn, New York, NY $3,478 $3,969 $4,020 $3,875
Manhattan, New York, NY $3,550 $4,376 $5,570 $4,595

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 $4,495. 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 11375, New York, NY at $2,983 per month. In comparison, the zipcode with the most expensive average rent of $8,000 per month is 11770, Ocean Beach, NY.

Studios in these zipcodes have an average rent of $3,266. 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 South, New York, NY is $4,092 per month. Or in other words, $6 per sqft. Meanwhile, two bedroom apartments will cost you an average of $5,342 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 $4,235 $5,400 $8,020 $5,490
10036, New York, NY $3,500 $4,300 $6,415 $4,500
10017, New York, NY $3,425 $4,100 $7,025 $4,925
10016, New York, NY $3,695 $4,280 $5,900 $4,690
10018, New York, NY $3,775 $4,789 $6,600 $4,970
10010, New York, NY $4,050 $4,550 $5,425 $5,315
10011, New York, NY $3,600 $5,895 $5,667 $4,795
10019, New York, NY $3,595 $4,194 $6,430 $4,875
10022, New York, NY $3,325 $4,500 $5,300 $4,500
10003, New York, NY $4,000 $4,800 $5,075 $4,925

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 $4,895. 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 $3,785 and an average price per square feet of $6.70. There are a total of 44 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 $4,847 and an average price per square feet of $6.36. There are a total of 68 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 $6,886 and an average price per square feet of $5.98. There are a total of 47 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 0.00%, one bedroom rental prices have changed by -0.06%, two bedroom rental prices have changed by -0.18%, and three bedroom rental prices have changed by 0.43% 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 $3,916/month. You can search for these reasonably priced rental listings on RentHop.
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