Average Rent in NoLita, New York, NY

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Current Versus Historical NoLita, New York, NY Rents

NoLita rentals average $3,495 for a studio rental to $6,795 for a 3-bedroom rental. The median price of all currently available listings is $4,495, or roughly $9 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 $315 (9.91%) year-over-year from $3,180 to $3,495. 1-bedroom rentals prices have increased by $333 (8.01%) year-over-year from $4,162 to $4,495. 2-bedroom rentals prices have increased by $802 (16.20%) year-over-year from $4,948 to $5,750. 3-bedroom rentals prices have decreased by $200 (-2.86%) year-over-year from $6,995 to $6,795. 4-bedroom rentals prices have decreased by $12,933 (-23.54%) year-over-year from $54,933 to $42,000. 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 down by 2.78% this month. 1-bedroom rents have gone up by 2.28% this month. 2-bedroom rents have gone up by 1.50% this month. 3-bedroom rents have gone down by 3.90% this month. 4-bedroom rents have gone up by 125.02% this month.
Beds
Price / Sqft
Feb 2024 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
Studio $8.63 $3,495 $3,180 (9.91%) $2,477 (41.12%)
1 BR $8.63 $4,495 $4,162 (8.01%) $2,923 (53.77%)
2 BR N/A $5,750 $4,948 (16.20%) $3,809 (50.97%)
3 BR N/A $6,795 $6,995 (-2.86%) $5,924 (14.70%)

Historical Rents in NoLita, New York, NY

Studio
1 Bed
2 Bed
3 Bed
4 Bed

Top Cities Near NoLita

There are a total of 32 cities nearby NoLita. The average rent in NoLita is currently $3,135 per month. A total of 26 cities nearby have an average rent lower than that. Our records show that Bridgeport, CT, with an average rent of $1,800, is the most affordable city nearby. In contrast, the most expensive city near NoLita, New York, NY is Westport, CT. Monthly rents here are on average $17,250 per month.

Let's compare NoLita, New York, NY's rent against other top cities nearby by bedroom size. Typically, rent for studios in NoLita, New York, NY is 56.01% more expensive than other cities nearby. One bedrooms are about 48.00% more expensive. Two bedrooms in NoLita, New York, NY are about 40.23% more expensive. Finally, rent for three bedrooms are about 44.44% more expensive. Want more information? Check out the top 10 cities out of 32 total cities near NoLita, New York, NY in the following chart.
City Studio 1 Bed 2 Bed All
Newark, NJ $2,250 $2,073 $2,169 $2,300
Bayonne, NJ N/A $2,143 $2,400 $2,354
Elizabeth, NJ $2,350 $1,900 $2,300 $2,475
Union City, NJ N/A $2,100 $2,700 $2,748
West New York, NJ N/A $2,571 $2,800 $2,791
Jersey City, NJ $2,300 $2,775 $2,800 $2,900
Fort Lee, NJ $1,400 $2,625 $3,400 $3,045
Cliffside Park, NJ $1,525 $2,650 $3,100 $3,250
Hoboken, NJ $2,500 $3,171 $3,800 $3,376
New York, NY $3,351 $4,100 $4,900 $4,150

Top Neighborhoods Near NoLita

There are a total of 58 neighborhoods in or near NoLita. Some of these neighborhoods include The Heights, Bowery, and The Waterfront. We've included the top 30 neighborhoods out of 58 total neighborhoods in or near NoLita, New York, NY in the following chart.

The average rent for these 30 neighborhoods in or near NoLita, New York, NY is currently around $3,868 per month. A total of 42 neighborhoods have a lower average rent. Out of all the neighborhoods in or near NoLita, Elmhurst has the most affordable average rent at $2,530 per month. Whereas, at $8,400 average rent per month, Ocean Beach is the most expensive neighborhood in or near NoLita. View the following chart for more information.
Neighborhood Studio 1 Bed 2 Bed All
The Heights, Jersey City, NJ $875 $2,400 $2,800 $2,825
Bowery, New York, NY $2,600 $3,199 $3,795 $3,499
The Waterfront, Jersey City, NJ $2,966 $3,400 $4,600 $3,598
Clinton Hill, New York, NY $3,183 $3,513 $5,031 $3,600
Fort Greene, New York, NY $3,495 $4,063 $6,495 $3,860
NoHo, New York, NY $3,700 $3,875 $6,450 $3,875
Murray Hill, New York, NY $3,450 $3,850 $4,402 $3,941
Downtown Brooklyn, New York, NY $3,475 $4,122 $5,700 $4,139
Financial District, New York, NY $3,437 $4,339 $5,683 $4,180
Prospect Heights, New York, NY $3,425 $4,275 $5,981 $4,375
Hell's Kitchen, New York, NY $3,383 $4,095 $5,500 $4,398
Midtown East, New York, NY $3,200 $4,375 $5,850 $4,400
Kips Bay, New York, NY $3,675 $3,953 $4,995 $4,415
Williamsburg, New York, NY $3,733 $4,279 $4,215 $4,442
East Village, New York, NY $3,050 $3,595 $4,495 $4,495
Lower East Side, New York, NY $3,992 $3,250 $4,495 $4,495
Greenpoint, New York, NY $3,525 $4,400 $6,325 $4,700
Chelsea, New York, NY $3,500 $5,160 $7,562 $4,800
Hudson Yards, New York, NY $3,625 $4,695 $6,970 $4,840
Midtown South, New York, NY $3,525 $4,948 $8,160 $4,857
Midtown, New York, NY $3,500 $4,400 $6,820 $4,895
Greenwich Village, New York, NY $4,003 $5,198 $6,850 $5,075
West Village, New York, NY $3,650 $5,100 $6,250 $5,200
Battery Park City, New York, NY $3,430 $4,030 $7,255 $5,208
Stuyvesant Town - Peter Cooper Village, New York, NY N/A $5,014 $6,256 $5,390
NoMad, New York, NY $4,419 $5,542 $8,591 $5,570
Flatiron District, New York, NY $3,800 $5,800 $9,000 $5,723
Gramercy Park, New York, NY $3,725 $5,125 $5,660 $5,898
Tribeca, New York, NY $4,250 $5,800 $7,373 $7,000
SoHo, New York, NY $2,973 $3,900 $8,811 $7,622

Top Counties Near NoLita

There are a total of 58 counties located by NoLita, New York, NY. Some of these counties include Newark, NJ, Bayonne, NJ, and West New York, NJ. The average rent for rentals in these counties is $3,322. That's roughly around $3 per sqft. A total of 34 counties have a lower average rent. The county that is the most affordable is Bridgeport, CT. It's average rent per month is $1,800. Vice versa, with an average rent of $17,250, Westport, CT is the most expensive county by NoLita, New York, NY.

Typically, rent for studios in NoLita, New York, NY is 46.75% more expensive than other counties nearby. In comparison, rent for one bedroom listings in NoLita, New York, NY is 45.32% more expensive than other counties nearby. Finally, rent for two bedrooms in NoLita, New York, NY is 41.21% more expensive than other counties nearby. We've listed the top 10 counties in the chart below.
County Studio 1 Bed 2 Bed All
Newark, NJ $2,250 $2,073 $2,169 $2,300
Bayonne, NJ N/A $2,143 $2,400 $2,354
West New York, NJ N/A $2,571 $2,800 $2,791
Jersey City, NJ $2,300 $2,775 $2,800 $2,900
North Bergen, NJ $2,900 $2,000 $2,900 $3,000
Fort Lee, NJ $1,400 $2,625 $3,400 $3,045
Cliffside Park, NJ $1,525 $2,650 $3,100 $3,250
Hoboken, NJ $2,500 $3,171 $3,800 $3,376
Brooklyn, New York, NY $3,425 $3,750 $3,700 $3,631
Manhattan, New York, NY $3,390 $4,250 $5,495 $4,395

Top Zipcodes Near NoLita

There are a total of 50 zipcodes in or near NoLita, New York, NY. The average rent for all of these zipcodes is $4,356. A total of 33 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 $9,250 per month is 07762, Spring Lake Heights, NJ.

Studios in these zipcodes have an average rent of $3,268. 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 NoLita, New York, NY is $4,000 per month. Or in other words, $6 per sqft. Meanwhile, two bedroom apartments will cost you an average of $5,156 per month. Which comes out to $6 per sqft. The following chart includes the top 10 zipcodes in NoLita, New York, NY. You can view the average rent breakdown for each zipcode by bedroom size.
Zipcode Studio 1 Bed 2 Bed All
10012, New York, NY $3,495 $4,295 $5,495 $4,395
10013, New York, NY $3,500 $5,611 $7,495 $6,850
10002, New York, NY $3,795 $3,299 $4,495 $4,400
10003, New York, NY $3,400 $4,750 $5,175 $5,000
10007, New York, NY $4,500 $6,175 $8,200 $6,600
10009, New York, NY $2,615 $3,595 $4,495 $4,495
10038, New York, NY $3,392 $4,365 $5,683 $4,317
10014, New York, NY $4,525 $5,925 $6,750 $5,750
10005, New York, NY $3,551 $4,320 $5,340 $4,141
10010, New York, NY $3,750 $3,975 $5,605 $5,195

Frequently Asked Questions - NoLita Average Rents

What is the average rent price in NoLita, New York, NY?
The average monthly rental price for NoLita, New York, NY apartments for rent is approximately $4,495. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.
Do NoLita, 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 NoLita, New York, NY.
How much is a studio apartment in NoLita, New York, NY?
The average monthly rental price for studio apartments is $3,495 and an average price per square feet of $8.63. There are a total of 33 studio apartment listings currently available for rent in NoLita.
How much is a one bedroom apartment in NoLita, New York, NY?
The average monthly rental price for one bedroom apartments is $4,495 and an average price per square feet of $8.63. There are a total of 109 one bedroom apartment listings currently available for rent in NoLita.
How much is a two bedroom apartment in NoLita, New York, NY?
The average monthly rental price for two bedroom apartments is $5,123 and an average price per square feet of $0. There are a total of 52 two bedroom apartment listings currently available for rent in NoLita.
How have rent prices in NoLita, New York, NY changed this year?
Rent prices for rentals in NoLita, New York, NY can fluctuate yearly. Specifically, studio rental prices have changed by 0.10%, one bedroom rental prices have changed by 0.08%, two bedroom rental prices have changed by 0.16%, and three bedroom rental prices have changed by -0.03% year-over-year.
What is a reasonable rent price in NoLita, New York, NY?
A reasonable rent price in NoLita, New York, NY is around $3,596/month. You can search for these reasonably priced rental listings on RentHop.
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