Average Rent and Costs in New York

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There are currently active 27,949 listings advertised for rent in New York. New York rentals average $3,050 for a studio rental to $5,995 for a 4-bedroom rental. The median price of all currently available listings is $3,830, or roughly $58 per square feet.
For the apartment units and housing in January 2023, median rents have risen substantially over the last year. Studio rentals prices have increased by $453 (17.13%) year-over-year from $2,647 to $3,050. 1-bedroom rentals prices have increased by $427 (12.46%) year-over-year from $3,423 to $3,800. 2-bedroom rentals prices have increased by $982 (24.46%) year-over-year from $4,013 to $4,495. 3-bedroom rentals prices have increased by $874 (18.91%) year-over-year from $4,621 to $5,170. 4-bedroom rentals prices have increased by $305 (4.92%) year-over-year from $6,195 to $5,995. 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 1.90% this month. 1-bedroom rents have gone down by 0.31% this month. 2-bedroom rents have gone down by 1.99% this month. 3-bedroom rents have gone down by 0.83% this month. 4-bedroom rents have gone down by 3.68% this month.
Current Availabilities January 2023
Bedrooms     Rent Price / sqft     Whole Month Rent 1 Yr Ago Rent (% Change) 3 Yr Ago Rent (% Change)
Studio $3,050 $68 $3,100 $2,647 (17.13%) $2,713 (14.25%)
1 BR $3,800 $68 $3,850 $3,423 (12.46%) $3,310 (16.31%)
2 BR $4,495 $53 $4,995 $4,013 (24.46%) $3,965 (25.98%)
3 BR $5,170 $34 $5,495 $4,621 (18.91%) $4,873 (12.76%)
4+ BR $5,995 $35 $6,500 $6,195 (4.92%) $6,240 (4.17%)

Historical Rents in New York

Studio
1 Bedroom
2 Bedroom
3 Bedroom
4 Bedroom

Top Cities Near New York

There are a total of 50 cities nearby New York. The average rent in New York is currently $1,744 per month. A total of 44 cities nearby have an average rent lower than that. Our records show that Harrisonburg, VA, with an average rent of $475, is the most affordable city nearby. In contrast, the most expensive city near New York is Margate City, NJ. Monthly rents here are on average $22,000 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 60.82% more expensive than other cities nearby. One bedrooms are about 67.37% more expensive. Two bedrooms in New York are about 63.15% more expensive. Finally, rent for three bedrooms are about 61.32% more expensive. Want more information? Check out the top 10 cities out of 50 total cities near New York in the following chart.
City Studio 1BR 2BR All
Rochester, NY $795 $950 $1,198 $1,025
Albany, NY $1,350 $1,285 $1,475 $1,425
Philadelphia, PA $1,450 $1,595 $1,700 $1,775
New Haven, CT $1,050 $1,573 $1,850 $1,895
Ithaca, NY $1,375 $1,010 $1,875 $1,900
Newark, NJ $1,950 $1,325 $1,800 $2,048
Bayonne, NJ $2,000 $1,800 $2,400 $2,262
Jersey City, NJ $2,545 $2,531 $2,695 $2,750
New York, NY $3,195 $3,945 $4,795 $4,000
Long Branch, NJ $1,700 $2,300 $4,000 $4,000

Top Neighborhoods Near New York

There are a total of 118 neighborhoods in or near New York. Some of these neighborhoods include North Philadelphia West, North Philadelphia East, and Center City East. We've included the top 30 neighborhoods out of 118 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 $3,129 per month. A total of 79 neighborhoods out of these neighborhoods have a lower average rent. Meaning, only minus forty-nine neighborhoods have a higher average rent than $3,129. Out of all the neighborhoods in or near New York, Near Eastside has the most affordable average rent at $950 per month. Whereas, at $9,000 per month, Lower Chelsea is the most expensive neighborhood in or near New York. View the following chart for more information.
Neighborhood Studio 1BR 2BR All
North Philadelphia West, Philadelphia, PA $1,200 $1,200 $1,450 $1,750
North Philadelphia East, Philadelphia, PA $1,800 $1,550 $1,738 $1,790
Center City East, Philadelphia, PA $2,014 $2,185 $2,730 $2,358
Harlem, New York, NY $2,275 $2,595 $3,000 $3,100
West Harlem, New York, NY $2,275 $2,650 $3,049 $3,150
East Harlem, New York, NY $3,150 $2,550 $2,995 $3,200
Bushwick, New York, NY $2,542 $2,800 $3,288 $3,200
Commonwealth, Boston, MA $1,800 $2,200 $2,600 $3,350
Fenway - Kenmore - Audubon Circle - Longwood, Boston, MA $2,200 $3,300 $3,400 $3,522
Upper East Side, New York, NY $2,495 $3,395 $4,995 $3,698
Long Island City, New York, NY $3,200 $3,843 $5,562 $3,930
Financial District, New York, NY $3,254 $4,145 $5,761 $3,972
Murray Hill, New York, NY $3,100 $3,900 $4,250 $3,995
D Street - West Broadway, Boston, MA $3,083 $3,694 $4,750 $4,000
Lower East Side, New York, NY $2,488 $3,258 $4,195 $4,195
Kips Bay, New York, NY $3,465 $3,895 $4,995 $4,195
Coolidge Corner, Brookline, MA $1,999 $2,553 $3,200 $4,250
East Village, New York, NY $2,600 $3,495 $4,495 $4,295
NoLita, New York, NY N/A $4,295 $4,795 $4,295
Hell's Kitchen, New York, NY $3,200 $3,900 $5,195 $4,395
Midtown East, New York, NY $3,000 $4,300 $5,900 $4,450
Hudson Yards, New York, NY $3,800 $4,290 $6,340 $4,462
Upper West Side, New York, NY $2,950 $4,086 $5,713 $4,500
Williamsburg, New York, NY $3,607 $4,570 $4,375 $4,500
Chelsea, New York, NY $3,700 $4,900 $6,995 $4,710
Greenwich Village, New York, NY $3,250 $5,395 $5,500 $4,750
Midtown South, New York, NY $3,700 $4,743 $6,975 $4,775
West Village, New York, NY $3,850 $4,995 $5,600 $5,295
Midtown, New York, NY $3,725 $4,095 $6,000 $5,500
Gramercy Park, New York, NY $3,500 $4,275 $5,395 $5,995

Top Counties Near New York

County Studio 1BR 2BR All
Albany, NY $1,350 $1,285 $1,475 $1,425
Ithaca, NY $1,375 $1,010 $1,875 $1,900
Ithaca, NY $1,375 $1,010 $1,838 $1,928
Newark, NJ $1,950 $1,325 $1,800 $2,048
Bronx, New York, NY $1,895 $2,275 $2,550 $2,513
Jersey City, NJ $2,545 $2,531 $2,695 $2,750
Queens, New York, NY $2,890 $2,675 $2,850 $2,982
Hempstead, NY $2,463 $2,250 $3,000 $3,150
Brooklyn, New York, NY $3,381 $3,738 $3,650 $3,600
Manhattan, New York, NY $3,187 $3,995 $5,050 $4,200

Top Zipcodes Near New York

Zipcode Studio 1BR 2BR All
10016, New York, NY $3,300 $3,995 $4,898 $4,250
10009, New York, NY $2,600 $3,495 $4,395 $4,195
10003, New York, NY $3,500 $3,910 $5,395 $5,395
10038, New York, NY $3,117 $4,100 $5,775 $3,995
10019, New York, NY $3,387 $3,900 $5,700 $4,500
10005, New York, NY $3,387 $4,150 $6,045 $3,995
10128, New York, NY $3,150 $3,295 $5,440 $3,700
10022, New York, NY $2,975 $4,300 $5,783 $4,495
10011, New York, NY $3,400 $5,200 $6,295 $4,800
19121, Philadelphia, PA $1,148 $1,200 $1,400 $1,800
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