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
$4,110/mo
▼ 6.5% from last month
Lowest Available
$1,050/mo
cheapest unit on market
Communities
5
tracked daily
Units Listed
73
available now
Price Cuts This Week in New York, NY
30 listed units across 4 buildings in New York, NY dropped their asking rent in the past 7 days, an average cut of $982/mo. These are the largest cuts, tracked unit by unit with daily price checks.
| Apartment | Unit | Last Week | Now | Cut |
|---|---|---|---|---|
| Brooklyn Group | Unit 21 | $7,350 | $3,800 | $3,550 |
| Brooklyn Group | Unit 34 | $7,200 | $3,750 | $3,450 |
| Brooklyn Group | Unit 26 | $7,225 | $4,825 | $2,400 |
| Brooklyn Group | Unit 49 | $5,650 | $3,700 | $1,950 |
| Brooklyn Group | Unit 44 | $4,750 | $2,895 | $1,855 |
| Brooklyn Group | Unit 42 | $5,325 | $3,725 | $1,600 |
| Brooklyn Group | Unit 28 | $7,225 | $5,700 | $1,525 |
| Brooklyn Group | Unit 36 | $7,200 | $5,675 | $1,525 |
Rent by Neighborhood in New York, NY
Compare average rent across New York, NY neighborhoods. Click any area to see detailed trends. View these neighborhoods on the rent map
| Neighborhood | Avg Rent | 30d Change | From | Properties | Units |
|---|---|---|---|---|---|
| New York 10018 | $6,267 | ▼ $805 | $6,000 | 1 | 3 |
| Southside | $4,502 | ▼ $258 | $2,800 | 1 | 50 |
| Park Slope | $3,311 | ▲ $177 | $1,350 | 1 | 11 |
| Manhattan | $2,187 | ▼ $475 | $1,050 | 2 | 9 |
Is Rent Going Up or Down in New York, NY?
As of August 2026, the average rent in New York, NY is $4,110 per month across 5 apartment communities and 73 available units. Rents have decreased $293 (6.5%) over the past month.
The most affordable option is Platinum Properties starting at $1,050/mo. By unit type, a 1-bedroom averages $4,158/mo, a 2-bedroom averages $4,057/mo, a 3-bedroom averages $4,178/mo, a 4-bedroom averages $3,990/mo.
Prices range from $1,050 to $7,225 per month. The most common price point is the $3,600 range, where 12 units are currently listed.
New York, NY Rent Price History
View as table
| Month | Avg Rent | Change | Properties |
|---|---|---|---|
| June 2026 | $3,836 | - | 5 |
| July 2026 | $4,646 | +$810 | 5 |
| August 2026 | $3,874 | -$772 | 5 |
The trend line and monthly averages track each building's average listed price, recorded daily with outliers trimmed. The current month is a month-to-date figure, so it can sit above or below today's live market average shown at the top of this page.
Average Rent by Bedroom
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 |
|---|---|---|---|---|
| Platinum Properties | $1,050/mo | $1,798/mo | 8 | 4.4 |
| Pear NYC | $1,350/mo | $3,311/mo | 11 | 5 |
| Brooklyn Group | $2,800/mo | $4,502/mo | 50 | 3.6 |
| 200 Water Street Apartments by Rockrose | $5,300/mo | $5,300/mo | 1 | 4.3 |
| Loftey | $6,000/mo | $6,267/mo | 3 | 4.7 |
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
$164,000/year
Based on the 30 percent rule, using our tracked average rent of $4,110/mo.
Comfortable income
$197,000/year
Based on the 25 percent rule, leaving more room for savings, transport, and groceries.
To afford the cheapest tracked apartment ($1,050/mo), you need to earn at least $42,000/year.
Median household income in New York, NY is $79,713 , about 60% 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) | $4,110 |
| Utilities | $644 |
| Groceries | $585 |
| Transportation | $1,534 |
| Healthcare | $748 |
| Other goods and services | $1,197 |
| Estimated total | $8,818/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.
Google Search Trends for New York, NY Apartments
Search interest for apartments in this area over the past 12 months.
Search Interest Over Time
Explore New York, NY Apartments
Browse all 5 communities with daily-updated pricing and availability.