Average Rent in New York

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Current Versus Historical New York Rents

New York rentals average $3,400 for a studio rental to $8,000 for a 4-bedroom rental. The median price of all currently available listings is $4,105, or roughly $5 per square feet.
For the apartment units and housing in January 2025, median rents have been roughly unchanged over the last year. Studio rentals prices have increased by $113 (3.43%) year-over-year from $3,287 to $3,400. 1-bedroom rentals prices have increased by $42 (1.04%) year-over-year from $4,008 to $4,050. 2-bedroom rentals prices have decreased by $20 (-0.39%) year-over-year from $5,011 to $4,991. 3-bedroom rentals prices have decreased by $73 (-1.31%) year-over-year from $5,572 to $5,499. 4-bedroom rentals prices have increased by $1,182 (17.34%) year-over-year from $6,813 to $7,995. 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 0.57% this month. 1-bedroom rents have gone up by 0.31% this month. 2-bedroom rents have gone down by 0.11% this month. 3-bedroom rents have gone up by 0.63% this month. 4-bedroom rents have gone up by 4.33% this month.
Beds
Price / Sqft
Jan 2025 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
Studio $7.42 $3,400 $3,287 (3.43%) $2,647 (28.46%)
1 BR $6.00 $4,050 $4,008 (1.04%) $3,398 (19.20%)
2 BR $4.30 $4,991 $5,011 (-0.39%) $3,951 (26.31%)
3 BR $3.36 $5,499 $5,572 (-1.31%) $4,547 (20.95%)
4+ BR $4.00 $7,995 $6,813 (17.34%) $5,967 (33.99%)

Historical Rents in New York

Studio
1 Bed
2 Bed
3 Bed
4 Bed

Top Cities Near New York

There are a total of 46 cities nearby New York. The average rent in New York is currently $2,991 per month. A total of 38 cities nearby have an average rent lower than that. Our records show that Toledo, OH, with an average rent of $825, is the most affordable city nearby. In contrast, the most expensive city near New York is Hampton Bays, NY. Monthly rents here are on average $24,000 per month.

Let's compare New York's rent against other top cities nearby by bedroom size. Typically, rent for studios in New York is 53.38% more expensive than other cities nearby. One bedrooms are about 44.94% more expensive. Two bedrooms in New York are about 40.89% more expensive. Finally, rent for three bedrooms are about 29.93% more expensive. Want more information? Check out the top 10 cities out of 46 total cities near New York in the following chart.
City Studio 1 Bed 2 Bed All
Scranton, PA N/A $1,075 $1,250 $1,350
Allentown, PA $923 $1,100 $1,550 $1,550
Waterbury, CT $1,000 $1,100 $1,500 $1,553
Buffalo, NY $950 $1,250 $1,700 $1,625
Bethlehem, PA $1,650 $1,350 $1,980 $1,875
Yonkers, NY $2,150 $2,225 $2,650 $2,700
Saratoga Springs, NY $1,141 $1,908 $2,701 $2,850
Stamford, CT $2,045 $2,275 $3,000 $2,999
White Plains, NY $2,175 $2,700 $3,548 $3,550
Harrison, NY $2,745 $3,090 $4,203 $4,468

Top Neighborhoods Near New York

There are a total of 80 neighborhoods in or near New York. Some of these neighborhoods include North Philadelphia East, Center City East, and Flatbush. We've included the top 30 neighborhoods out of 80 total neighborhoods in or near New York in the following chart.

The average rent for these 30 neighborhoods in or near New York is currently around $3,863 per month. A total of 47 neighborhoods have a lower average rent. Out of all the neighborhoods in or near New York, North Philadelphia East has the most affordable average rent at $1,600 per month. Whereas, at $8,500 average rent per month, Ocean Beach is the most expensive neighborhood in or near New York. View the following chart for more information.
Neighborhood Studio 1 Bed 2 Bed All
North Philadelphia East, Philadelphia, PA $1,100 $1,335 $1,700 $1,600
Center City East, Philadelphia, PA $1,115 $1,800 $2,898 $2,030
Flatbush, New York, NY $2,618 $2,750 $3,200 $3,000
Bedford-Stuyvesant, New York, NY $2,500 $3,000 $3,000 $3,200
East Harlem, New York, NY $3,200 $2,850 $3,000 $3,250
Harlem, New York, NY $2,617 $2,827 $3,250 $3,350
Crown Heights, New York, NY $2,808 $2,900 $3,900 $3,350
West Harlem, New York, NY $2,250 $2,800 $3,450 $3,430
Bushwick, New York, NY $2,795 $3,233 $3,450 $3,450
Murray Hill, New York, NY $3,350 $4,300 $6,576 $3,995
Long Island City, New York, NY $3,300 $3,875 $5,714 $4,000
Upper East Side, New York, NY $3,350 $4,170 $5,753 $4,150
Hell's Kitchen, New York, NY $3,488 $4,000 $5,846 $4,248
Little Italy, New York, NY $3,250 $4,250 $5,495 $4,250
Financial District, New York, NY $3,525 $4,600 $6,369 $4,289
Prospect Heights, New York, NY $3,570 $4,383 $5,025 $4,305
Downtown Brooklyn, New York, NY $3,488 $4,250 $5,800 $4,350
Kips Bay, New York, NY $3,725 $3,995 $5,340 $4,495
East Village, New York, NY $2,700 $3,695 $4,495 $4,495
Upper West Side, New York, NY $3,100 $4,450 $6,980 $4,557
Lower East Side, New York, NY $3,413 $3,195 $4,595 $4,595
Williamsburg, New York, NY $3,693 $4,600 $5,600 $4,850
Hudson Yards, New York, NY $3,600 $4,652 $6,900 $4,862
Midtown East, New York, NY $3,450 $4,500 $6,100 $4,950
Midtown, New York, NY $3,688 $4,583 $6,935 $5,225
Chelsea, New York, NY $3,995 $5,636 $7,500 $5,302
West Village, New York, NY $4,672 $5,400 $8,711 $5,400
Greenwich Village, New York, NY $4,000 $5,700 $7,270 $5,700
NoMad, New York, NY $4,444 $5,662 $8,710 $5,743
Gramercy Park, New York, NY $3,750 $5,515 $5,855 $5,800

Top Counties Near New York

There are a total of 80 counties located by New York. Some of these counties include Lackawanna, PA, Erie, NY, and Northampton, PA. The average rent for rentals in these counties is $2,700. That's roughly around $2 per sqft. A total of 47 counties have a lower average rent. The county that is the most affordable is Lackawanna, PA. It's average rent per month is $1,375. Vice versa, with an average rent of $4,550, New York, NY is the most expensive county by New York.

Typically, rent for studios in New York is 58.46% more expensive than other counties nearby. In comparison, rent for one bedroom listings in New York is 52.50% more expensive than other counties nearby. Finally, rent for two bedrooms in New York is 47.28% more expensive than other counties nearby. We've listed the top 10 counties in the chart below.
County Studio 1 Bed 2 Bed All
Lackawanna, PA N/A $1,075 $1,300 $1,375
Erie, NY $950 $1,300 $1,725 $1,750
Northampton, PA $888 $1,300 $1,790 $1,793
Lehigh, PA $850 $1,138 $1,600 $1,813
Hartford, CT $1,450 $1,600 $1,950 $1,950
Fairfield, CT $1,350 $1,900 $2,500 $2,600
Litchfield, CT N/A $1,698 $1,800 $2,900
Bergen, NJ N/A $2,200 $2,900 $3,100
Morris, NJ $1,800 $2,000 $3,000 $3,200
Westchester, NY $2,125 $2,600 $3,500 $3,600

Top Zipcodes Near New York

There are a total of 12 zipcodes in or near New York. The average rent for all of these zipcodes is $3,229. A total of 8 zipcodes have a average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 19104, Philadelphia, PA at $1,950 per month. In comparison, the zipcode with the most expensive average rent of $5,000 per month is 10023, New York, NY.

Studios in these zipcodes have an average rent of $2,450. That's at least $4 per sqft. Do you need more space than that? Average rent for one bedroom rentals for the zipcodes in or near New York is $2,747 per month. Or in other words, $4 per sqft. Meanwhile, two bedroom apartments will cost you an average of $3,523 per month. Which comes out to $3 per sqft. The following chart includes the top 10 zipcodes in New York. You can view the average rent breakdown for each zipcode by bedroom size.
Zipcode Studio 1 Bed 2 Bed All
10128, New York, NY $3,350 $4,175 $5,400 $3,900
10023, New York, NY $3,100 $4,995 $8,100 $5,000
19104, Philadelphia, PA $1,195 $2,223 $1,800 $1,950
02128, Boston, MA $2,050 $2,425 $3,100 $3,000
22201, Arlington, VA $1,961 $2,460 $3,370 $2,616
02116, Boston, MA $3,000 $3,350 $5,200 $4,200
11375, New York, NY $2,730 $3,180 $3,675 $3,345
02118, Boston, MA $350 $3,318 $4,500 $4,148
10035, New York, NY $2,299 $2,786 $3,048 $2,976
02472, Watertown Town, MA $2,673 $2,520 $3,000 $3,000

Frequently Asked Questions - New York Average Rents

What is the average rent price in New York?
The average monthly rental price for New York apartments for rent is approximately $4,105. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.
Do New York 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 New York.
How much is a studio apartment in New York?
The average monthly rental price for studio apartments is $3,400 and an average price per square feet of $7.42. There are a total of 4,210 studio apartment listings currently available for rent in New York.
How much is a one bedroom apartment in New York?
The average monthly rental price for one bedroom apartments is $4,000 and an average price per square feet of $6.00. There are a total of 8,550 one bedroom apartment listings currently available for rent in New York.
How much is a two bedroom apartment in New York?
The average monthly rental price for two bedroom apartments is $4,695 and an average price per square feet of $4.30. There are a total of 6,829 two bedroom apartment listings currently available for rent in New York.
How have rent prices in New York changed this year?
Rent prices for rentals in New York can fluctuate yearly. Specifically, studio rental prices have changed by 0.03%, one bedroom rental prices have changed by 0.01%, two bedroom rental prices have changed by 0.00%, and three bedroom rental prices have changed by -0.01% year-over-year.
What is a reasonable rent price in New York?
A reasonable rent price in New York is around $3,284/month. You can search for these reasonably priced rental listings on RentHop.
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