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 $3,550 for a studio rental to $9,025 for a 4-bedroom rental. The median price of all currently available listings is $4,579, or roughly $7 per square feet.
For the apartment units and housing in April 2024, median rents have been roughly unchanged over the last year. Studio rentals prices have increased by $142 (4.28%) year-over-year from $3,308 to $3,450. 1-bedroom rentals prices have increased by $195 (4.88%) year-over-year from $4,000 to $4,195. 2-bedroom rentals prices have increased by $1,463 (32.26%) year-over-year from $4,537 to $6,000. 3-bedroom rentals prices have increased by $1,084 (15.73%) year-over-year from $6,891 to $7,975. 4-bedroom rentals prices have decreased by $1,998 (-18.17%) year-over-year from $10,998 to $9,000. 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 1.41% this month. 1-bedroom rents have gone up by 2.15% this month. 2-bedroom rents have gone up by 11.52% this month. 3-bedroom rents have gone up by 1.16% this month. 4-bedroom rents have gone up by 7.78% this month.
Beds
Price / Sqft
Apr 2024 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
Studio $7.58 $3,450 $3,308 (4.28%) $2,339 (47.51%)
1 BR $6.35 $4,195 $4,000 (4.88%) $3,273 (28.17%)
2 BR $5.91 $6,000 $4,537 (32.26%) $4,230 (41.84%)
3 BR $6.55 $7,975 $6,891 (15.73%) $5,264 (51.51%)
4+ BR $7.13 $9,000 $10,998 (-18.17%) $6,660 (35.14%)

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 $3,000 per month. A total of 24 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 Murray Hill, New York, NY is Westport, CT. Monthly rents here are on average $15,250 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 55.63% more expensive than other cities nearby. One bedrooms are about 45.86% more expensive. Two bedrooms in Murray Hill, New York, NY are about 50.74% more expensive. Finally, rent for three bedrooms are about 47.24% 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
East Orange, NJ $1,650 $1,963 $2,598 $2,300
Newark, NJ $2,150 $2,098 $2,150 $2,350
Bayonne, NJ N/A $2,047 $2,300 $2,357
West New York, NJ N/A $2,525 $2,800 $2,695
Jersey City, NJ $2,748 $2,600 $2,650 $2,745
Union City, NJ $1,900 $2,250 $2,825 $2,800
Fort Lee, NJ $1,500 $2,500 $3,298 $2,863
Cliffside Park, NJ N/A $2,100 $3,200 $3,000
Hoboken, NJ $2,715 $3,225 $4,200 $3,700
New York, NY $3,468 $4,190 $5,000 $4,308

Top Neighborhoods Near Murray Hill

There are a total of 54 neighborhoods in or near Murray Hill. Some of these neighborhoods include Astoria, Bowery, and Upper East Side. We've included the top 30 neighborhoods out of 54 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 $4,219 per month. A total of 33 neighborhoods have a lower average rent. Out of all the neighborhoods in or near Murray Hill, Rego Park has the most affordable average rent at $2,500 per month. Whereas, at $8,125 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 $2,500 $2,795 $3,999 $3,200
Bowery, New York, NY $2,870 $3,450 $3,999 $3,795
Upper East Side, New York, NY $2,829 $3,695 $4,898 $3,965
Long Island City, New York, NY $3,305 $4,000 $5,850 $4,011
Downtown Brooklyn, New York, NY $3,425 $4,195 $5,765 $4,188
Financial District, New York, NY $3,494 $4,448 $6,415 $4,250
NoLita, New York, NY $3,595 $4,495 $4,895 $4,495
East Village, New York, NY $2,698 $3,595 $4,495 $4,495
Hell's Kitchen, New York, NY $3,439 $4,173 $5,995 $4,500
Midtown East, New York, NY $3,300 $4,295 $5,788 $4,500
Lower East Side, New York, NY $3,173 $3,445 $4,495 $4,600
Kips Bay, New York, NY $3,760 $4,000 $5,150 $4,695
Williamsburg, New York, NY $3,626 $4,400 $4,650 $4,700
Midtown, New York, NY $3,550 $4,212 $6,725 $4,790
Greenwich Village, New York, NY $4,150 $4,800 $5,310 $4,800
Battery Park City, New York, NY $3,550 $4,375 $6,300 $4,800
West Village, New York, NY $3,900 $4,595 $5,400 $4,800
Upper West Side, New York, NY $3,099 $4,373 $6,011 $4,800
Midtown South, New York, NY $3,845 $4,895 $6,969 $4,895
Greenpoint, New York, NY $3,523 $4,308 $5,600 $5,000
Hudson Yards, New York, NY $3,737 $4,798 $6,950 $5,002
Chelsea, New York, NY $3,800 $5,427 $7,650 $5,128
Flatiron District, New York, NY $4,050 $5,900 $8,642 $5,200
NoHo, New York, NY $4,000 $5,350 $7,750 $5,350
Little Italy, New York, NY $3,900 $5,250 $4,748 $5,500
Stuyvesant Town - Peter Cooper Village, New York, NY N/A $5,079 $6,075 $5,685
NoMad, New York, NY $4,425 $5,582 $8,123 $5,894
Gramercy Park, New York, NY $3,815 $5,168 $5,312 $6,077
Tribeca, New York, NY $4,250 $6,192 $7,295 $6,895
SoHo, New York, NY $2,973 $3,950 $13,500 $7,725

Top Counties Near Murray Hill

There are a total of 54 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 $3,700. That's roughly around $3 per sqft. A total of 33 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 $15,250, Westport, CT is the most expensive county by Murray Hill, New York, NY.

Typically, rent for studios in Murray Hill, New York, NY is 48.24% more expensive than other counties nearby. In comparison, rent for one bedroom listings in Murray Hill, New York, NY is 40.48% more expensive than other counties nearby. Finally, rent for two bedrooms in Murray Hill, New York, NY is 51.48% 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 $2,047 $2,300 $2,357
West New York, NJ N/A $2,525 $2,800 $2,695
Jersey City, NJ $2,748 $2,600 $2,650 $2,745
North Bergen, NJ $2,250 $2,150 $2,850 $2,850
Fort Lee, NJ $1,500 $2,500 $3,298 $2,863
Cliffside Park, NJ N/A $2,100 $3,200 $3,000
Queens, New York, NY $2,954 $2,700 $3,200 $3,200
Hoboken, NJ $2,715 $3,225 $4,200 $3,700
Brooklyn, New York, NY $3,475 $3,879 $4,000 $3,850
Manhattan, New York, NY $3,500 $4,310 $5,545 $4,500

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 $4,466. A total of 30 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 $2,998 per month. In comparison, the zipcode with the most expensive average rent of $8,000 per month is 07762, Spring Lake Heights, NJ.

Studios in these zipcodes have an average rent of $3,151. 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 $4,125 per month. Or in other words, $6 per sqft. Meanwhile, two bedroom apartments will cost you an average of $5,408 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 $3,595 $4,200 $5,995 $4,600
10017, New York, NY $3,200 $4,375 $6,894 $4,925
10010, New York, NY $3,988 $4,215 $5,415 $5,305
10022, New York, NY $3,350 $4,350 $5,570 $4,500
10036, New York, NY $3,408 $4,381 $6,370 $4,500
10003, New York, NY $3,815 $4,900 $5,075 $5,050
10065, New York, NY $2,975 $4,495 $6,395 $4,800
10001, New York, NY $4,209 $5,301 $7,935 $5,333
10009, New York, NY $2,625 $3,600 $4,495 $4,495
10018, New York, NY $3,719 $4,895 $6,908 $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 $4,579. 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 $3,550 and an average price per square feet of $7.58. There are a total of 248 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 $6.35. There are a total of 405 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 $6,595 and an average price per square feet of $5.91. There are a total of 313 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 0.04%, one bedroom rental prices have changed by 0.05%, two bedroom rental prices have changed by 0.32%, and three bedroom rental prices have changed by 0.16% 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 $3,663/month. You can search for these reasonably priced rental listings on RentHop.
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