Rentometer, Inc. | Data as of 03/31/2025
New York City remains the most expensive rental market in the country. With high demand across all boroughs and limited available inventory, rents continue to climb — particularly in Manhattan and parts of Brooklyn. Studio and 1-bedroom apartments are commanding record highs, while 2-bedrooms are now well above $6,000/month on average.
Property Type | Bedrooms | Avg Rent (Q1 2025) |
---|---|---|
Apartment | Studio (0) | $3,869 |
Apartment | 1 Bedroom | $5,050 |
Apartment | 2 Bedroom | $6,215 |
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Data provided by Rentometer, Inc.