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 $23,000 for a 4-bedroom rental. The median price of all currently available listings is $4,495, 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 $86 (2.57%) year-over-year from $3,350 to $3,436. 1-bedroom rentals prices have increased by $391 (9.55%) year-over-year from $4,090 to $4,481. 2-bedroom rentals prices have increased by $939 (16.88%) year-over-year from $5,561 to $6,500. 3-bedroom rentals prices have decreased by $59 (-0.77%) year-over-year from $7,581 to $7,522. 4-bedroom rentals prices have increased by $8,134 (97.22%) year-over-year from $8,367 to $16,500. 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 0.70% this month. 1-bedroom rents have gone up by 3.27% this month. 2-bedroom rents have gone up by 9.61% this month. 3-bedroom rents have gone down by 3.86% this month. 4-bedroom rents have gone down by 17.50% this month.
Beds
Price / Sqft
Jul 2024 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
Studio $7.82 $3,436 $3,350 (2.57%) $2,653 (29.53%)
1 BR $7.23 $4,481 $4,090 (9.55%) $3,568 (25.57%)
2 BR $6.07 $6,500 $5,561 (16.88%) $5,194 (25.15%)
3 BR $6.55 $7,522 $7,581 (-0.77%) $6,966 (7.99%)
4+ BR N/A $16,500 $8,367 (97.22%) $8,722 (89.18%)

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 15 cities nearby Murray Hill. The average rent in Murray Hill is currently $3,179 per month. A total of 12 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 Murray Hill, New York, NY is Ocean Beach, NY. Monthly rents here are on average $8,000 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 45.59% more expensive than other cities nearby. One bedrooms are about 50.79% more expensive. Two bedrooms in Murray Hill, New York, NY are about 53.08% more expensive. Finally, rent for three bedrooms are about 49.36% more expensive. Want more information? Check out the top 10 cities out of 15 total cities near Murray Hill, 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 Murray Hill

There are a total of 51 neighborhoods in or near Murray Hill. Some of these neighborhoods include Astoria, NoHo, and Upper East Side. We've included the top 30 neighborhoods out of 51 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 $4,434 per month. A total of 26 neighborhoods have a lower average rent. Meaning, only four neighborhoods have a higher average rent than $4,434. Out of all the neighborhoods in or near Murray Hill, 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 Murray Hill. 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
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
West Village, New York, NY $3,995 $4,650 $7,445 $4,550
Hell's Kitchen, New York, NY $3,700 $4,500 $5,885 $4,595
NoLita, New York, NY $3,390 $4,495 $6,495 $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
Midtown, New York, NY $3,523 $4,750 $6,995 $4,968
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
DUMBO, New York, NY $3,873 $5,158 $7,034 $6,488
Tribeca, New York, NY $4,500 $5,999 $8,340 $7,195

Top Counties Near Murray Hill

There are a total of 51 counties located by Murray Hill, 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 19 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 Murray Hill, New York, NY.

Typically, rent for studios in Murray Hill, New York, NY is 44.12% more expensive than other counties nearby. In comparison, rent for one bedroom listings in Murray Hill, New York, NY is 42.66% more expensive than other counties nearby. Finally, rent for two bedrooms in Murray Hill, New York, NY is 53.08% 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 Murray Hill

There are a total of 44 zipcodes in or near Murray Hill, New York, NY. The average rent for all of these zipcodes is $4,596. A total of 20 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 $6,999 per month is 10007, New York, NY.

Studios in these zipcodes have an average rent of $3,475. 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 Murray Hill, New York, NY is $4,398 per month. Or in other words, $7 per sqft. Meanwhile, two bedroom apartments will cost you an average of $5,625 per month. Which comes out to $7 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 $3,550 $4,384 $5,799 $4,850
10017, New York, NY $3,300 $4,475 $7,816 $4,595
10010, New York, NY $3,955 $4,878 $5,395 $4,995
10022, New York, NY $3,450 $4,650 $6,250 $4,800
10036, New York, NY $3,500 $4,600 $6,500 $4,713
10003, New York, NY $3,900 $4,845 $5,250 $5,070
10065, New York, NY $3,500 $4,495 $6,500 $5,325
10001, New York, NY $4,207 $5,422 $8,040 $5,440
10009, New York, NY $2,660 $3,798 $5,250 $5,295
10018, New York, NY $3,500 $4,795 $7,025 $4,825

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 $4,495. 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 $7.82. There are a total of 218 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 $4,595 and an average price per square feet of $7.23. There are a total of 247 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 $7,407 and an average price per square feet of $6.07. There are a total of 171 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 0.03%, one bedroom rental prices have changed by 0.10%, two bedroom rental prices have changed by 0.17%, and three bedroom rental prices have changed by -0.01% 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 $3,596/month. You can search for these reasonably priced rental listings on RentHop.
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