Average Rent in Murray Hill, New York, NY

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Current Versus Historical Murray Hill, New York, NY Rents

Murray Hill rentals average $3,400 for a studio rental to $9,995 for a 4-bedroom rental. The median price of all currently available listings is $4,140, or roughly $7 per square feet.
For the apartment units and housing in September 2024, median rents have risen over the last year. Studio rentals prices have decreased by $25 (-0.73%) year-over-year from $3,425 to $3,400. 1-bedroom rentals prices have increased by $235 (5.78%) year-over-year from $4,065 to $4,300. 2-bedroom rentals prices have increased by $690 (11.69%) year-over-year from $5,905 to $6,595. 3-bedroom rentals prices have decreased by $716 (-9.49%) year-over-year from $7,541 to $6,825. 4-bedroom rentals prices have decreased by $1,368 (-12.65%) year-over-year from $10,816 to $9,448. 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 down by 0.84% this month. 1-bedroom rents have gone down by 2.02% this month. 2-bedroom rents have gone down by 0.38% this month. 3-bedroom rents have gone down by 7.45% this month. 4-bedroom rents have gone down by 24.52% this month.
Beds
Price / Sqft
Sep 2024 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
Studio $7.83 $3,400 $3,425 (-0.73%) $2,983 (13.97%)
1 BR $6.82 $4,300 $4,065 (5.78%) $3,735 (15.14%)
2 BR $5.63 $6,595 $5,905 (11.69%) $5,533 (19.19%)
3 BR $6.38 $6,825 $7,541 (-9.49%) $9,310 (-26.69%)
4+ BR $5.56 $9,448 $10,816 (-12.65%) $8,875 (6.45%)

Historical Rents in Murray Hill, New York, NY

Studio
1 Bed
2 Bed
3 Bed
4 Bed

Top Cities Near Murray Hill

There are a total of 12 cities nearby Murray Hill. The average rent in Murray Hill is currently $3,599 per month. A total of 9 cities nearby have an average rent lower than that. Our records show that Bridgeport, CT, with an average rent of $2,149, is the most affordable city nearby. In contrast, the most expensive city near Murray Hill, New York, NY is Westport, CT. Monthly rents here are on average $8,500 per month.

Let's compare Murray Hill, New York, NY's rent against other top cities nearby by bedroom size. Typically, rent for studios in Murray Hill, New York, NY is 41.18% more expensive than other cities nearby. One bedrooms are about 38.40% more expensive. Two bedrooms in Murray Hill, New York, NY are about 46.61% more expensive. Finally, rent for three bedrooms are about 32.53% more expensive. Want more information? Check out the top 10 cities out of 12 total cities near Murray Hill, New York, NY in the following chart.
City Studio 1 Bed 2 Bed All
Yonkers, NY $2,100 $2,574 $2,800 $2,825
Stamford, CT $2,000 $2,252 $2,954 $2,900
Norwalk, CT $1,800 $2,188 $3,098 $2,900
White Plains, NY $1,988 $2,600 $3,762 $3,500
Long Beach, NY $2,000 $2,475 $3,350 $3,550
New Rochelle, NY $2,235 $3,000 $4,540 $3,648
Glen Cove, NY $2,100 $3,150 $3,650 $3,650
Harrison, NY $2,660 $3,095 $3,848 $3,878
New York, NY $3,500 $4,248 $5,200 $4,395
Westport, CT N/A $3,500 $6,469 $8,500

Top Neighborhoods Near Murray Hill

There are a total of 50 neighborhoods in or near Murray Hill. Some of these neighborhoods include Astoria, Bowery, and Midtown. We've included the top 30 neighborhoods out of 50 total neighborhoods in or near Murray Hill, New York, NY in the following chart.

The average rent for these 30 neighborhoods in or near Murray Hill, New York, NY is currently around $4,357 per month. A total of 22 neighborhoods have a lower average rent. Meaning, only eight neighborhoods have a higher average rent than $4,357. Interestingly, the neighborhoods' average rent is higher than Murray Hill's average rent, which is only $4,140. Out of all the neighborhoods in or near Murray Hill, East Side has the most affordable average rent at $2,293 per month. Whereas, at $8,000 average rent per month, Ocean Beach is the most expensive neighborhood in or near Murray Hill. View the following chart for more information.
Neighborhood Studio 1 Bed 2 Bed All
Astoria, New York, NY $2,075 $2,900 $3,692 $3,200
Bowery, New York, NY $2,800 $3,450 $4,295 $3,599
Midtown, New York, NY $3,000 $3,795 $6,300 $4,065
Upper East Side, New York, NY $2,950 $3,800 $4,550 $4,100
Long Island City, New York, NY $3,472 $4,121 $6,285 $4,195
Downtown Brooklyn, New York, NY $3,465 $4,140 $5,818 $4,272
Financial District, New York, NY $3,545 $4,692 $6,500 $4,364
NoLita, New York, NY $3,995 $4,395 $5,995 $4,395
Hell's Kitchen, New York, NY $3,570 $4,178 $5,000 $4,495
Midtown East, New York, NY $3,375 $4,495 $5,995 $4,600
West Village, New York, NY $4,495 $4,700 $6,699 $4,675
Williamsburg, New York, NY $3,915 $4,478 $4,700 $4,774
Midtown South, New York, NY $3,750 $4,770 $7,597 $4,793
Flatiron District, New York, NY $4,150 $5,900 $8,075 $4,900
Greenwich Village, New York, NY $4,400 $5,475 $6,175 $4,950
Hudson Yards, New York, NY $3,800 $4,650 $7,173 $4,950
Upper West Side, New York, NY $3,350 $4,495 $7,210 $4,993
East Village, New York, NY $3,250 $3,750 $4,995 $4,995
Kips Bay, New York, NY $3,783 $4,218 $5,295 $5,000
Greenpoint, New York, NY $2,957 $4,500 $5,438 $5,000
Little Italy, New York, NY $3,500 $3,300 $5,200 $5,295
Chelsea, New York, NY $3,950 $5,585 $8,350 $5,450
Stuyvesant Town - Peter Cooper Village, New York, NY $4,811 $5,017 $6,024 $5,478
Gramercy Park, New York, NY $4,098 $5,038 $5,395 $5,495
NoMad, New York, NY $4,419 $5,534 $8,200 $5,683
Lower East Side, New York, NY $3,290 $4,125 $4,995 $5,995
Battery Park City, New York, NY $3,980 $5,208 $8,500 $6,605
DUMBO, New York, NY $3,645 $5,306 $7,334 $6,889
Tribeca, New York, NY $4,500 $6,097 $8,340 $7,255
SoHo, New York, NY $3,375 $4,900 $17,500 $7,800

Top Counties Near Murray Hill

There are a total of 50 counties located by Murray Hill, New York, NY. Some of these counties include Yonkers, NY, Bronx, New York, NY, and Queens, New York, NY. The average rent for rentals in these counties is $3,500. That's roughly around $3 per sqft. A total of 19 counties have a lower average rent. The county that is the most affordable is Bridgeport, CT. It's average rent per month is $2,149. Vice versa, with an average rent of $8,500, Westport, CT is the most expensive county by Murray Hill, New York, NY.

Typically, rent for studios in Murray Hill, New York, NY is 41.18% more expensive than other counties nearby. In comparison, rent for one bedroom listings in Murray Hill, New York, NY is 38.48% more expensive than other counties nearby. Finally, rent for two bedrooms in Murray Hill, New York, NY is 51.74% more expensive than other counties nearby. We've listed the top 10 counties in the chart below.
County Studio 1 Bed 2 Bed All
Yonkers, NY $2,100 $2,574 $2,800 $2,825
Bronx, New York, NY $2,339 $2,584 $3,150 $3,182
Queens, New York, NY $2,941 $2,900 $3,400 $3,350
Hempstead, NY $2,150 $2,500 $3,300 $3,500
Long Beach, NY $2,000 $2,475 $3,350 $3,550
New Rochelle, NY $2,235 $3,000 $4,540 $3,648
Glen Cove, NY $2,100 $3,150 $3,650 $3,650
Brooklyn, New York, NY $3,435 $3,634 $3,995 $3,834
North Hempstead, NY $2,250 $2,700 $3,875 $4,500
Manhattan, New York, NY $3,535 $4,395 $5,540 $4,600

Top Zipcodes Near Murray Hill

There are a total of 50 zipcodes in or near Murray Hill, New York, NY. The average rent for all of these zipcodes is $4,445. A total of 19 zipcodes have a average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 11233, New York, NY at $3,000 per month. In comparison, the zipcode with the most expensive average rent of $7,500 per month is 11770, Ocean Beach, NY.

Studios in these zipcodes have an average rent of $3,300. 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 Murray Hill, New York, NY is $4,206 per month. Or in other words, $7 per sqft. Meanwhile, two bedroom apartments will cost you an average of $5,395 per month. Which comes out to $6 per sqft. The following chart includes the top 10 zipcodes in Murray Hill, New York, NY. You can view the average rent breakdown for each zipcode by bedroom size.
Zipcode Studio 1 Bed 2 Bed All
10016, New York, NY $3,475 $4,300 $5,830 $4,568
10017, New York, NY $3,125 $4,495 $6,658 $4,625
11109, New York, NY $3,485 $4,085 $6,283 $4,050
10010, New York, NY $4,075 $4,525 $5,395 $5,295
10022, New York, NY $3,425 $4,400 $5,850 $4,670
10036, New York, NY $3,778 $4,190 $5,276 $4,295
10003, New York, NY $4,175 $4,900 $5,395 $5,100
10065, New York, NY $3,300 $4,850 $6,613 $4,950
10001, New York, NY $4,226 $5,517 $8,281 $5,528
10009, New York, NY $2,738 $3,695 $4,995 $4,995

Frequently Asked Questions - Murray Hill Average Rents

What is the average rent price in Murray Hill, New York, NY?
The average monthly rental price for Murray Hill, New York, NY apartments for rent is approximately $4,140. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.
Do Murray Hill, 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 Murray Hill, New York, NY.
How much is a studio apartment in Murray Hill, New York, NY?
The average monthly rental price for studio apartments is $3,400 and an average price per square feet of $7.83. There are a total of 310 studio apartment listings currently available for rent in Murray Hill.
How much is a one bedroom apartment in Murray Hill, New York, NY?
The average monthly rental price for one bedroom apartments is $4,200 and an average price per square feet of $6.82. There are a total of 345 one bedroom apartment listings currently available for rent in Murray Hill.
How much is a two bedroom apartment in Murray Hill, New York, NY?
The average monthly rental price for two bedroom apartments is $6,941 and an average price per square feet of $5.63. There are a total of 188 two bedroom apartment listings currently available for rent in Murray Hill.
How have rent prices in Murray Hill, New York, NY changed this year?
Rent prices for rentals in Murray Hill, New York, NY can fluctuate yearly. Specifically, studio rental prices have changed by -0.01%, one bedroom rental prices have changed by 0.06%, two bedroom rental prices have changed by 0.12%, and three bedroom rental prices have changed by -0.09% year-over-year.
What is a reasonable rent price in Murray Hill, New York, NY?
A reasonable rent price in Murray Hill, New York, NY is around $3,312/month. You can search for these reasonably priced rental listings on RentHop.
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