Rentometer, Inc. | Data as of 10/23/2025
The New York‑Newark‑Jersey City metro area offers one of the nation’s most dynamic rental markets, blending high‑rise living with historic neighborhoods and expansive waterfronts. From Manhattan’s iconic skyline to the vibrant cultural districts of Brooklyn, Queens, and Hoboken, renters enjoy close proximity to world‑class dining, museums, and transit hubs that connect the tri‑state region. This diversity supports a broad spectrum of housing options, making the market attractive to young professionals, families, and international students alike.
Apartment rentals dominate the market, with studio units averaging around $3,000 and larger three‑ and four‑plus bedroom layouts reaching the $8,000 range, reflecting the premium placed on central locations and modern amenities. Houses, while less numerous, provide a more residential feel in neighborhoods such as the Upper West Side, Park Slope, and the Jersey City waterfront, often delivering a more modest price point compared with comparable apartments. Whether seeking a compact studio near a subway line or a spacious family home with a garden, the region’s inventory adapts to varied lifestyle preferences.
Beyond the numbers, the area’s appeal lies in its blend of historic architecture, green spaces like Central Park and Liberty State Park, and a thriving arts scene that fosters a lively community atmosphere. As demand for flexible leasing and quality living spaces continues to grow, the New York‑Newark‑Jersey City rental market remains a cornerstone of the broader metropolitan economy, offering renters both convenience and the excitement of city life.
| Property Type | Bedrooms | Average | Median | Min - Max | 25th - 75th |
|---|---|---|---|---|---|
| Apartment | Studio | $3,204 | $3,050 | $1,054 - $7,795 | $2,270 - $4,082 |
| Apartment | 1 Bedroom | $3,171 | $2,800 | $650 - $11,390 | $2,267 - $3,700 |
| Apartment | 2 Bedroom | $4,367 | $3,597 | $825 - $14,670 | $2,895 - $5,040 |
| Apartment | 3 Bedroom | $5,087 | $4,100 | $1,000 - $17,411 | $3,164 - $6,395 |
| Apartment | 4+ Bedroom | $7,835 | $5,747 | $1,240 - $18,900 | $4,400 - $14,000 |
| House | 1 Bedroom | $2,453 | $2,123 | $1,550 - $3,500 | $1,800 - $3,500 |
| House | 2 Bedroom | $2,846 | $2,800 | $810 - $4,950 | $2,200 - $3,000 |
| House | 3 Bedroom | $6,123 | $3,800 | $1,200 - $40,000 | $3,000 - $5,000 |
| House | 4+ Bedroom | $5,964 | $4,800 | $2,800 - $13,500 | $3,500 - $7,500 |
In the current period, the average rent in New York-Newark-Jersey City, NY-NJ was $3,204 for Studio, $3,141 for 1 Bedroom, $4,241 for 2 Bedroom, $5,506 for 3 Bedroom, and $5,681 for 4+ Bedroom.
Data provided by Rentometer, Inc.