Average Rent in New York

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Current Versus Historical New York Rents

New York rentals average $3,850 for a studio rental to $8,000 for a 4-bedroom rental. The median price of all currently available listings is $4,600, or roughly $60 per square feet.
For the apartment units and housing in October 2026, median rents have been roughly unchanged over the last year. Studio rentals prices have increased by $384 (10.70%) year-over-year from $3,591 to $3,975. 1-bedroom rentals prices have increased by $169 (3.94%) year-over-year from $4,298 to $4,468. 2-bedroom rentals prices have decreased by $466 (-8.53%) year-over-year from $5,465 to $4,999. 3-bedroom rentals prices have decreased by $957 (-16.07%) year-over-year from $5,952 to $4,995. 4-bedroom rentals prices have decreased by $105 (-1.29%) year-over-year from $8,105 to $8,000. 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 3.03% this month. 1-bedroom rents have gone down by 0.74% this month. 2-bedroom rents have gone down by 8.52% this month. 3-bedroom rents have gone down by 15.29% this month. 4-bedroom rents have gone up by 0.04% this month.
Beds
Price / Sqft
Oct 2026 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
Studio $92.95 $3,975 $3,591 (10.70%) $3,357 (18.42%)
1 BR $76.15 $4,468 $4,298 (3.94%) $4,057 (10.11%)
2 BR $50.09 $4,999 $5,465 (-8.53%) $5,108 (-2.14%)
3 BR $35.81 $4,995 $5,952 (-16.07%) $5,880 (-15.05%)
4+ BR $38.92 $8,000 $8,105 (-1.29%) $7,103 (12.62%)

Historical Rents in New York

Studio
1 Bed
2 Bed
3 Bed
4 Bed

Top Cities Near New York

There are a total of 48 cities nearby New York. The average rent in New York is currently $2,348 per month. A total of 46 cities nearby have an average rent lower than that. Our records show that Binghamton, NY, with an average rent of $1,350, is the most affordable city nearby. In contrast, the most expensive city near New York is Fire Island, NY. Monthly rents here are on average $8,000 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 56.46% more expensive than other cities nearby. One bedrooms are about 58.61% more expensive. Two bedrooms in New York are about 56.84% more expensive. Finally, rent for three bedrooms are about 51.00% more expensive. Want more information? Check out the top 10 cities out of 48 total cities near New York in the following table.
City Studio 1 Bed 2 Bed All
Binghamton, NY $200 $875 $1,225 $1,350
Scranton, PA $995 $1,075 $1,200 $1,350
Rochester, NY $973 $1,263 $1,450 $1,450
Allentown, PA $975 $1,225 $1,450 $1,500
Syracuse, NY N/A $1,200 $1,400 $1,575
Albany, NY $1,600 $1,400 $1,625 $1,650
Waterbury, CT $1,100 $1,200 $1,638 $1,725
Bethlehem, PA $250 $1,325 $1,650 $1,798
Poughkeepsie, NY $1,350 $1,650 $1,950 $2,000
Saratoga Springs, NY $2,451 $1,800 $2,600 $2,736

Top Neighborhoods Near New York

There are a total of 139 neighborhoods in or near New York. Some of these neighborhoods include North Philadelphia East, Bedford-Stuyvesant, and Astoria. We've included the top 30 neighborhoods out of 139 total neighborhoods in or near New York in the following table.

The average rent for these 30 neighborhoods in or near New York is currently around $3,235 per month. A total of 103 neighborhoods have a lower average rent. Interestingly, the neighborhoods' average rent is less than New York's average rent, which is actually $4,600. Out of all the neighborhoods in or near New York, Logan - Ogontz - Fern Rock has the most affordable average rent at $1,360 per month. Whereas, at $8,000 average rent per month, Ocean Beach is the most expensive neighborhood in or near New York. View the following table for more information.
Neighborhood Studio 1 Bed 2 Bed All
North Philadelphia East, Philadelphia, PA $1,300 $1,842 $1,650 $1,800
Bedford-Stuyvesant, New York, NY $3,225 $3,394 $4,225 $3,600
Astoria, New York, NY $2,800 $3,300 $4,581 $3,738
Crown Heights, New York, NY $2,900 $3,438 $4,756 $3,800
Bushwick, New York, NY $3,225 $3,650 $3,895 $3,900
Harlem, New York, NY $2,950 $3,218 $3,900 $3,900
East Harlem, New York, NY $3,250 $3,702 $3,495 $3,995
West Harlem, New York, NY $2,795 $3,200 $4,446 $4,000
Downtown Brooklyn, New York, NY $3,595 $4,395 $6,471 $4,500
Greenpoint, New York, NY $3,690 $4,568 $6,877 $4,568
Long Island City, New York, NY $3,694 $4,495 $6,575 $4,572
Prospect Heights, New York, NY $3,650 $4,472 $5,700 $4,600
Fort Greene, New York, NY $3,669 $4,600 $6,895 $4,655
Midtown, New York, NY $4,000 $4,792 $7,550 $5,000
Hell's Kitchen, New York, NY $3,770 $4,800 $6,200 $5,000
Murray Hill, New York, NY $3,925 $5,375 $7,564 $5,025
Williamsburg, New York, NY $4,059 $5,000 $5,915 $5,225
Midtown East, New York, NY $3,875 $4,995 $7,900 $5,250
Financial District, New York, NY $4,150 $5,478 $7,673 $5,275
Upper East Side, New York, NY $3,450 $4,795 $8,200 $5,300
Kips Bay, New York, NY $3,850 $4,750 $5,853 $5,495
Upper West Side, New York, NY $3,450 $5,100 $7,900 $5,600
Hudson Yards, New York, NY $4,370 $5,545 $7,995 $5,600
East Village, New York, NY $3,495 $4,350 $5,995 $5,800
West Village, New York, NY $5,100 $5,500 $6,950 $5,850
Chelsea, New York, NY $4,400 $6,250 $10,095 $6,095
Lower East Side, New York, NY $4,584 $4,950 $7,695 $6,164
Greenwich Village, New York, NY $4,800 $6,450 $11,500 $6,300
Gramercy Park, New York, NY $4,600 $6,600 $7,275 $6,600
Tribeca, New York, NY $5,999 $6,750 $8,295 $7,995

Top Counties Near New York

There are a total of 49 counties located by New York. Some of these counties include Scranton, PA, Rochester, NY, and Buffalo, NY. The average rent for rentals in these counties is $2,850. That's roughly around $27 per sqft. A total of 46 counties have a lower average rent. The county that is the most affordable is Scranton, PA. Its average rent per month is $1,350. Vice versa, with an average rent of $25,000, Southampton, NY is the most expensive county by New York.

Typically, rent for studios in New York is 57.08% more expensive than other counties nearby. In comparison, rent for one bedroom listings in New York is 55.56% more expensive than other counties nearby. Finally, rent for two bedrooms in New York is 55.67% more expensive than other counties nearby. We've listed the top 10 counties in the table below.
County Studio 1 Bed 2 Bed All
Scranton, PA $995 $1,075 $1,200 $1,350
Rochester, NY $973 $1,263 $1,450 $1,450
Buffalo, NY $1,000 $1,250 $1,300 $1,475
Syracuse, NY N/A $1,200 $1,400 $1,575
Waterbury, CT $1,100 $1,200 $1,638 $1,725
Essex, NJ $1,600 $2,000 $2,500 $2,500
Yonkers, NY $1,850 $2,300 $2,550 $2,757
Bergen, NJ $1,700 $2,100 $2,750 $3,000
Stamford, CT $2,000 $2,310 $3,100 $3,100
Bronx, New York, NY $2,689 $3,250 $3,550 $3,250

Top Zipcodes Near New York

There are a total of 50 zipcodes in or near New York. The average rent for all of these zipcodes is $4,911. A total of 20 zipcodes have an average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 19104, Philadelphia, PA at $1,675 per month. In comparison, the zipcode with the most expensive average rent of $8,425 per month is 10069, New York, NY.

Studios in these zipcodes have an average rent of $3,672. That's at least $93 per sqft. Do you need more space than that? Average rent for one bedroom rentals for the zipcodes in or near New York is $4,584 per month. Or in other words, $88 per sqft. Meanwhile, two bedroom apartments will cost you an average of $6,588 per month. Which comes out to $81 per sqft. The following table 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
10016, New York, NY $3,950 $5,270 $6,734 $5,480
10019, New York, NY $3,830 $4,800 $6,995 $5,030
10003, New York, NY $4,500 $5,995 $6,995 $6,000
10009, New York, NY $3,199 $4,875 $5,995 $5,750
10025, New York, NY $3,275 $4,625 $5,450 $5,124
10038, New York, NY $4,150 $5,500 $8,019 $5,411
11101, New York, NY $3,694 $4,525 $6,575 $4,644
11201, New York, NY $3,675 $4,426 $6,495 $4,750
10036, New York, NY $3,900 $5,250 $7,047 $5,415
10005, New York, NY $4,200 $5,446 $7,775 $5,000

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 $4,600. 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 $3,850 and an average price per square feet of $92.95. There are a total of 7,000 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 $4,500 and an average price per square feet of $76.15. There are a total of 14,046 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 $5,640 and an average price per square feet of $50.09. There are a total of 11,646 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 0.11%, one bedroom rental prices have changed by 0.04%, two bedroom rental prices have changed by -0.09%, three bedroom rental prices have changed by -0.16% year-over-year.
What is a reasonable rent price in New York?
A reasonable rent price in New York is around $3,680/month. You can search for these reasonably priced rental listings on RentHop.