Last updated
Average Rent in New York, NY & Rent Trends
Rent prices and market trends across 5 apartment communities in New York, NY. Updated daily.
Market Average
$3,710/mo
▼ 32.9% from last month
Lowest Available
$1,150/mo
cheapest unit on market
Communities
5
tracked daily
Units Listed
29
available now
Rent by Neighborhood in New York, NY
Compare average rent across New York, NY neighborhoods. Click any area to see detailed trends.
| Neighborhood | Avg Rent | From | Properties | Units |
|---|---|---|---|---|
| New York 10038 | $5,283 | $3,900 | 1 | 5 |
| Southside | $4,913 | $2,800 | 1 | 60 |
| Bedford-Stuyvesant | $3,622 | $2,100 | 1 | 12 |
| New York 10018 | $2,730 | $1,150 | 1 | 26 |
| Manhattan | $1,788 | $1,155 | 1 | 10 |
Is Rent Going Up or Down in New York, NY?
As of July 2026, the average rent in New York, NY is $3,710 per month across 5 apartment communities and 29 available units. Rents have decreased $1,482 (32.9%) over the past month.
The most affordable option is Loftey starting at $1,150/mo. By unit type, a 1-bedroom averages $3,710/mo.
Prices range from $1,150 to $7,800 per month. The most common price point is the $4,800 range, where 5 units are currently listed.
New York, NY Rent Price History
Rent Price Distribution
Rent by Bedroom Type in New York, NY
Rent Prices by Apartment in New York, NY
| Property | Starting at | Average | Units | Rating |
|---|---|---|---|---|
| Loftey | $1,150/mo | $1,406/mo | 4 | 4.7 |
| Platinum Properties | $1,155/mo | $1,235/mo | 3 | 4.4 |
| Pear NYC | $2,100/mo | $2,611/mo | 4 | 5 |
| Brooklyn Group | $3,400/mo | $4,856/mo | 17 | 3.6 |
| 200 Water Street Apartments by Rockrose | $5,275/mo | $5,275/mo | 1 | 4.3 |
Google Search Trends for New York, NY Apartments
Search interest for apartments in this area over the past 12 months.
Search Interest Over Time
Frequently Asked Questions About Rent in New York, NY
What is the average rent in New York, NY?
Is rent going up or down in New York, NY?
What is the cheapest apartment in New York, NY?
How much is a 1-bedroom apartment in New York, NY?
How many apartments are available in New York, NY?
What salary do I need to live comfortably in New York, NY?
Built on the 25 to 30 percent rent-to-income guideline used by most landlords and credit-scoring models.
Minimum to afford average rent
$148,000/year
Based on the 30 percent rule, using our tracked average rent of $3,710/mo.
Comfortable income
$178,000/year
Based on the 25 percent rule, leaving more room for savings, transport, and groceries.
To afford the cheapest tracked apartment ($1,150/mo), you need to earn at least $46,000/year.
Median household income in New York, NY is $79,713 , about 55% below the comfortable-living threshold.
Cost of living in New York, NY
Overall prices in New York, NY runs above the national average by about 13% (BEA Regional Price Parity index 112.6, where 100 equals the U.S. average). The breakdown below estimates monthly costs for a single adult, using national consumer-spending baselines from the Bureau of Labor Statistics scaled by New York, NY's regional price parities.
| Category | Monthly estimate |
|---|---|
| Rent (market average) | $3,710 |
| Utilities | $644 |
| Groceries | $585 |
| Transportation | $1,534 |
| Healthcare | $748 |
| Other goods and services | $1,197 |
| Estimated total | $8,418/mo |
Population
8,516,202
Median household income
$79,713
Census median rent
$1,779/mo
Rent as % of income
31.0%
Median age
38.0
Mean commute
41 min
Methodology
Rent data
Sourced directly from each tracked apartment community and refreshed every 24 hours. Every listed unit price on this page is real and listed today.
Cost of living
Estimates combine national consumer-spending baselines from the U.S. Bureau of Labor Statistics (Consumer Expenditure Survey) with the U.S. Bureau of Economic Analysis Regional Price Parities (MARPP dataset). Both are peer-reviewed federal data releases published annually.
Salary to live comfortably
Applies the standard 25 to 30 percent rent-to-income rule on top of the listed rent. This is the same affordability guideline used by most landlords and credit-scoring models.
Demographic figures
Median household income, population, median age, commute time, Census median rent, and rent as percentage of income come from the U.S. Census Bureau's American Community Survey 5-year estimates, the most recent complete release.
Cost of living and demographic figures were last published in 2023.
Explore New York, NY Apartments
Browse all 5 communities with daily-updated pricing and availability.