Average Rent in New York, NY

Apartments & Houses by Size

Rentometer, Inc. | Data as of 11/14/2026

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Current rent in New York (all property types)

  • $4,315 Studio
  • $4,281 1 Bedroom
  • $4,844 2 Bedroom
  • $4,415 3 Bedroom
  • $4,875 4+ Bedroom

New Yorkโ€™s rental market remains one of the most dynamic in the nation, offering a diverse mix of apartments and houses that cater to both professionals and families. From sleek studios in the heart of Manhattanโ€™s Midtown to spacious 4โ€‘plusโ€‘bedroom homes in Brooklynโ€™s historic Brownstone districts, the city provides options that suit a wide range of lifestyles. Rental trends show studio apartments typically averaging in the $3400 range, while oneโ€‘bedroom units are commonly found near the $3900 mark, reflecting the premium of central locations and easy access to transit.

For larger families or those seeking more privacy, the cityโ€™s house market presents compelling choices. Oneโ€‘bedroom houses often rent in the $2400 range, whereas twoโ€‘bedroom homes are generally available around $3400. Premium neighborhoods such as the Upper West Side, Park Slope, and Astoria feature wellโ€‘maintained properties that balance comfort with proximity to cultural attractions, topโ€‘rated schools, and vibrant dining scenes. Those desiring extra space can find fourโ€‘plusโ€‘bedroom houses with rentals averaging in the $5600 bracket, providing ample room for growing households.

Beyond the numbers, New Yorkโ€™s neighborhoods each bring a unique character. Manhattanโ€™s Financial District and Chelsea offer sleek highโ€‘rise living steps from worldโ€‘class museums and nightlife, while Brooklynโ€™s Williamsburg and DUMBO blend industrial chic with waterfront parks. Queensโ€™ Long Island City and Flushing combine affordability with easy commuter routes, making them attractive for professionals seeking both convenience and community. Whether youโ€™re looking for a compact studio or a spacious family home, New Yorkโ€™s rental landscape delivers unmatched variety and vibrancy.

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New York Rent by Property Type & Bedroom Count

Averages, medians, and ranges across recent rental listings

Property Type Bedrooms Average Median Min – Max 25th – 75th
Apartment Studio $4,315 $4,035 $1,700 – $20,000 $3,150 – $4,800
Apartment 1 Bedroom $4,385 $3,850 $850 – $13,200 $2,765 – $5,550
Apartment 2 Bedroom $5,011 $4,370 $1,280 – $16,379 $3,000 – $6,500
Apartment 3 Bedroom $4,392 $3,600 $1,580 – $10,737 $3,200 – $4,900
Apartment 4+ Bedroom $4,538 $4,000 $1,180 – $10,000 $3,200 – $5,495
House 1 Bedroom $2,470 $2,150 $1,800 – $4,050 $1,900 – $3,010
House 2 Bedroom $3,338 $2,997 $2,290 – $7,630 $2,600 – $3,500
House 3 Bedroom $4,493 $3,600 $2,395 – $15,500 $3,495 – $3,950
House 4+ Bedroom $5,481 $4,980 $2,350 – $12,000 $3,850 – $6,500

Current rent in New York (all property types)

  • $4,315 Studio
  • $4,281 1 Bedroom
  • $4,844 2 Bedroom
  • $4,415 3 Bedroom
  • $4,875 4+ Bedroom
ACS 2020โ€“2024 5-year estimates: median gross rent $1,821

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Area Profile

Demographic & economic context for this area

Demographics

$80,483
Median household income
38.2
Median age
41.6%
Bachelor’s degree or higher
17.9%
Poverty rate
8,483,844
Population
3,334,088
Households

Housing

$777,600
Median home value
$6,547
Median property tax
0.69%
Effective property tax rate
67.2%
Renter share
9.4%
Vacancy rate
49.8%
Cost-burdened renters
3,678,486
Housing units
2,241,032
Renter households
3.7%
Rental vacancy rate
62.2%
Units in 5+ unit buildings
1952
Median year built

Investor ratios

Derived from the ACS medians above — the typical unit in this area, not a specific property

2.81%
Gross rent yield
35.6
Price-to-rent ratio
27.2%
Rent-to-income

Race & ethnicity

  • White 33.8%
  • Black 21.9%
  • Hispanic 28.5%
  • Asian 14.7%
  • Other 1.1%

Commute

40.3 min average

Rent trend & yield

Derived from Rentometer listings, trailing 365 days (computed Nov 14, 2026) and ACS 2020โ€“2024 5-year estimates

โ†‘ +2.7%
Median rent, year over year
5.86%
Gross rent yield
56.7%
Rent-to-income
+108.7%
Asking rent vs. Census gross rent

New construction

Residential units permitted in 2025 (Census Building Permits Survey)

6,032
Units permitted
4
Single-family
6,028
Multi-family (2+ units)
5,942
5+ unit buildings (rental supply)
99.9%
Multi-family share (of units permitted)
โ†“ -12.9%
YoY vs. 2024

Economy

4.7%
Unemployment (August 2026)
โ†“ -0.7 pts vs. 12mo ago
$1,410
Avg. weekly wage (Q4 2025)
โ†‘ 6.3% YoY
754,550
Avg. employment (Q4 2025)
โ†“ 3.8% YoY

Housing affordability

47.5%
Cost-burdened renters (paying >30% of income on housing)
26.1%
Severely cost-burdened (paying >50% of income on housing)
76.0%
Cost-burdened low-income renters (households at or below 50% of area median income)

Source: Rentometer listings (Rentometer listings, trailing 365 days (computed Nov 14, 2026)) ยท U.S. Census Bureau, ACS 2020โ€“2024 5-year estimates ยท U.S. Census Bureau Building Permits Survey, 2025 ยท U.S. Bureau of Labor Statistics, LAUS August 2026 ยท U.S. Bureau of Labor Statistics, QCEW Q4 2025 ยท HUD CHAS, CHAS 2018โ€“2022


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About this data

Rent statistics, listings analysis, and visualizations on this page are produced by Rentometer, Inc.

If you cite, share, or republish data from this report, please credit Rentometer.

About this data