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 $3,450 for a studio rental to $0 for a 4-bedroom rental. The median price of all currently available listings is $3,900, or roughly $7 per square feet.
For the apartment units and housing in February 2024, median rents have risen over the last year. Studio rentals prices have increased by $111 (3.46%) year-over-year from $3,195 to $3,306. 1-bedroom rentals prices have increased by $285 (7.41%) year-over-year from $3,840 to $4,125. 2-bedroom rentals prices have increased by $108 (2.28%) year-over-year from $4,742 to $4,850. 3-bedroom rentals prices have increased by $765 (10.76%) year-over-year from $7,110 to $7,875. 4-bedroom rentals prices have decreased by $6,313 (-43.96%) year-over-year from $14,360 to $8,048. 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 1.14% this month. 1-bedroom rents have gone down by 1.56% this month. 2-bedroom rents have gone down by 15.05% this month. 3-bedroom rents have gone up by 1.92% this month. 4-bedroom rents have gone down by 32.36% this month.
Beds
Price / Sqft
Feb 2024 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
Studio $7.25 $3,306 $3,195 (3.46%) $2,331 (41.81%)
1 BR $6.66 $4,125 $3,840 (7.41%) $3,073 (34.22%)
2 BR $5.67 $4,850 $4,742 (2.28%) $4,124 (17.60%)
3 BR $6.53 $7,875 $7,110 (10.76%) $5,232 (50.53%)

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 32 cities nearby Murray Hill. The average rent in Murray Hill is currently $3,124 per month. A total of 22 cities nearby have an average rent lower than that. Our records show that Bridgeport, CT, with an average rent of $1,825, 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 $18,000 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 51.99% more expensive than other cities nearby. One bedrooms are about 39.05% more expensive. Two bedrooms in Murray Hill, New York, NY are about 30.88% more expensive. Finally, rent for three bedrooms are about 52.28% more expensive. Want more information? Check out the top 10 cities out of 32 total cities near Murray Hill, New York, NY in the following chart.
City Studio 1 Bed 2 Bed All
Newark, NJ $2,200 $2,050 $2,100 $2,300
Hackensack, NJ $1,940 $1,900 $2,500 $2,325
Bayonne, NJ N/A $2,156 $2,400 $2,399
West New York, NJ N/A $2,588 $2,775 $2,787
Union City, NJ N/A $2,100 $2,700 $2,800
Jersey City, NJ $2,300 $2,775 $2,800 $2,900
Fort Lee, NJ $1,400 $2,600 $3,400 $3,023
Cliffside Park, NJ $1,525 $2,650 $3,150 $3,275
Hoboken, NJ $2,500 $3,186 $3,888 $3,500
New York, NY $3,350 $4,095 $4,955 $4,170

Top Neighborhoods Near Murray Hill

There are a total of 56 neighborhoods in or near Murray Hill. Some of these neighborhoods include Astoria, The Waterfront, and Bowery. We've included the top 30 neighborhoods out of 56 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 $4,065 per month. A total of 27 neighborhoods have a lower average rent. Meaning, only three neighborhoods have a higher average rent than $4,065. Interestingly, the neighborhoods' average rent is higher than Murray Hill's average rent, which is only $3,900. Out of all the neighborhoods in or near Murray Hill, Elmhurst has the most affordable average rent at $2,510 per month. Whereas, at $8,200 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 $2,495 $2,870 $3,767 $2,950
The Waterfront, Jersey City, NJ $2,959 $3,398 $4,600 $3,554
Bowery, New York, NY $2,600 $3,236 $3,795 $3,575
NoHo, New York, NY $3,700 $3,875 $6,450 $3,875
Upper East Side, New York, NY $2,779 $3,450 $5,500 $4,000
Downtown Brooklyn, New York, NY $3,475 $4,122 $5,700 $4,131
Long Island City, New York, NY $3,355 $3,995 $5,625 $4,149
Financial District, New York, NY $3,425 $4,350 $5,730 $4,200
Hell's Kitchen, New York, NY $3,450 $4,000 $5,595 $4,395
Midtown East, New York, NY $3,200 $4,350 $5,850 $4,395
Kips Bay, New York, NY $3,643 $3,870 $4,995 $4,400
Williamsburg, New York, NY $3,738 $4,262 $4,249 $4,442
NoLita, New York, NY $3,495 $4,495 $4,995 $4,495
East Village, New York, NY $2,795 $3,595 $4,495 $4,495
Lower East Side, New York, NY $3,693 $3,395 $4,495 $4,495
Upper West Side, New York, NY $3,081 $4,350 $5,750 $4,570
Hudson Yards, New York, NY $3,700 $4,670 $6,690 $4,700
Greenpoint, New York, NY $3,550 $4,400 $6,150 $4,800
Midtown South, New York, NY $3,575 $4,900 $8,123 $4,898
Chelsea, New York, NY $3,500 $5,160 $7,680 $4,960
West Village, New York, NY $3,598 $4,935 $6,750 $5,000
Greenwich Village, New York, NY $4,003 $5,195 $6,913 $5,000
Midtown, New York, NY $3,500 $4,448 $6,950 $5,352
Stuyvesant Town - Peter Cooper Village, New York, NY N/A $5,016 $6,257 $5,390
Battery Park City, New York, NY $3,467 $4,030 $7,255 $5,463
NoMad, New York, NY $4,419 $5,529 $8,506 $5,548
Flatiron District, New York, NY $3,999 $5,800 $9,250 $5,800
Gramercy Park, New York, NY $3,725 $5,213 $5,675 $5,995
Tribeca, New York, NY $4,375 $5,698 $7,545 $7,078
SoHo, New York, NY $2,973 $4,000 $10,000 $7,622

Top Counties Near Murray Hill

There are a total of 56 counties located by Murray Hill, 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 30 counties have a lower average rent. The county that is the most affordable is Bridgeport, CT. It's average rent per month is $1,825. Vice versa, with an average rent of $18,000, Westport, CT is the most expensive county by Murray Hill, New York, NY.

Typically, rent for studios in Murray Hill, New York, NY is 47.10% more expensive than other counties nearby. In comparison, rent for one bedroom listings in Murray Hill, New York, NY is 36.28% more expensive than other counties nearby. Finally, rent for two bedrooms in Murray Hill, New York, NY is 32.04% 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 $2,156 $2,400 $2,399
West New York, NJ N/A $2,588 $2,775 $2,787
Jersey City, NJ $2,300 $2,775 $2,800 $2,900
North Bergen, NJ $2,900 $2,000 $2,925 $3,000
Fort Lee, NJ $1,400 $2,600 $3,400 $3,023
Queens, New York, NY $2,720 $2,750 $3,100 $3,150
Cliffside Park, NJ $1,525 $2,650 $3,150 $3,275
Hoboken, NJ $2,500 $3,186 $3,888 $3,500
Brooklyn, New York, NY $3,400 $3,750 $3,695 $3,650
Manhattan, New York, NY $3,390 $4,250 $5,500 $4,400

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 $4,308. A total of 15 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 $2,713 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 $3,272. 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 $4,024 per month. Or in other words, $6 per sqft. Meanwhile, two bedroom apartments will cost you an average of $5,126 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 $3,450 $4,095 $4,895 $4,295
10017, New York, NY $3,200 $4,495 $6,776 $4,500
10010, New York, NY $3,798 $3,795 $5,570 $5,155
10022, New York, NY $3,200 $4,300 $5,650 $4,300
10036, New York, NY $3,499 $4,250 $6,114 $4,495
10003, New York, NY $3,400 $4,800 $5,110 $5,000
10065, New York, NY $2,975 $4,700 $6,500 $4,800
10001, New York, NY $4,195 $5,160 $7,995 $5,179
10009, New York, NY $2,615 $3,595 $4,495 $4,495
10018, New York, NY $3,496 $4,795 $7,400 $4,583

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 $3,900. 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 $3,450 and an average price per square feet of $7.25. There are a total of 244 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 $3,845 and an average price per square feet of $6.66. There are a total of 450 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 $4,482 and an average price per square feet of $5.67. There are a total of 304 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 0.07%, two bedroom rental prices have changed by 0.02%, and three bedroom rental prices have changed by 0.11% 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 $3,120/month. You can search for these reasonably priced rental listings on RentHop.
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