Average Rent in New York, NY – Q1 2025

Rentometer, Inc. | Data as of 03/31/2025


 

City Overview

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.

 

Average Rents by Property Type

Property Type Bedrooms Avg Rent (Q1 2025)
Apartment Studio (0) $3,869
Apartment 1 Bedroom $5,050
Apartment 2 Bedroom $6,215

 

Key Takeaways

  • 2-bedroom apartments now average $6,215/month — among the highest in the U.S.
  • Even studio apartments are nearing $4,000/month, creating affordability challenges across the board.
  • NYC continues to be a high-barrier, high-reward market — especially for investors with long-term outlooks.

 

Dive Deeper into Your Market

Get accurate, up-to-date rent estimates for any neighborhood, ZIP code, or property type with Rentometer — the #1 source for hyperlocal rental comps and insights.


Data provided by Rentometer, Inc.