Average Rent in New York, NY

Apartments & Houses by Size

Rentometer, Inc. | Data as of 08/12/2026

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New York’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 Manhattan’s Midtown to spacious 4‑plus‑bedroom homes in Brooklyn’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 one‑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 city’s house market presents compelling choices. One‑bedroom houses often rent in the $2400 range, whereas two‑bedroom homes are generally available around $3400. Premium neighborhoods such as the Upper West Side, Park Slope, and Astoria feature well‑maintained properties that balance comfort with proximity to cultural attractions, top‑rated schools, and vibrant dining scenes. Those desiring extra space can find four‑plus‑bedroom houses with rentals averaging in the $5600 bracket, providing ample room for growing households.

Beyond the numbers, New York’s neighborhoods each bring a unique character. Manhattan’s Financial District and Chelsea offer sleek high‑rise living steps from world‑class museums and nightlife, while Brooklyn’s Williamsburg and DUMBO blend industrial chic with waterfront parks. Queens’ Long Island City and Flushing combine affordability with easy commuter routes, making them attractive for professionals seeking both convenience and community. Whether you’re looking for a compact studio or a spacious family home, New York’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 $4,188 $3,913 $1,458 – $9,260 $3,250 – $4,995
Apartment 1 Bedroom $4,084 $3,598 $780 – $10,432 $2,900 – $5,000
Apartment 2 Bedroom $5,055 $4,197 $1,020 – $17,000 $3,000 – $6,350
Apartment 3 Bedroom $5,795 $3,750 $1,425 – $26,000 $3,200 – $7,315
Apartment 4+ Bedroom $6,269 $4,897 $1,170 – $24,750 $3,600 – $8,995
House Studio $3,233 $3,600 $1,600 – $4,500 $1,600 – $4,500
House 2 Bedroom $2,678 $2,875 $1,065 – $3,900 $2,000 – $3,900
House 3 Bedroom $3,741 $3,625 $1,650 – $5,750 $3,200 – $4,400
House 4+ Bedroom $6,316 $5,550 $3,900 – $12,000 $4,900 – $6,000

Current rent in New York (all property types): Studio $4,140, 1 Bedroom $4,055, 2 Bedroom $4,991, 3 Bedroom $5,385, 4+ Bedroom $6,275.

ACS 2020–2024 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

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

Race & ethnicity

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

Commute

40.3 min average

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)
↓ -12.9%
YoY vs. 2024

Economy

4.3%
Unemployment (April 2026)
↑ trending up vs. 12mo ago
$1,327
Avg. weekly wage (Q4 2024)
↑ 1.1% 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)

Source: U.S. Census Bureau, ACS 2020–2024 5-year estimates · U.S. Census Bureau Building Permits Survey, 2025 · U.S. Bureau of Labor Statistics, LAUS April 2026 · U.S. Bureau of Labor Statistics, QCEW Q4 2024 · HUD CHAS, CHAS 2018–2022


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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