Metro 303
303 Main St,
Hempstead, NY 11550
1-3 Beds | $3,024 - $5,264
Rental Market Trends in Hempstead, NY
What is the average rent in Hempstead, NY?
$1,888/month
Average Rent
710 Sq Ft
Average Apartment Size
+0.4%
Increase in the Last Year
As of December 2024, the average rent in Hempstead, NY is $1,888 per month. This is 21% higher than the national average rent price of $1,560/month, making Hempstead one of the most expensive cities in the US. When you rent an apartment in Hempstead, you can expect to pay about $1,576 per month for a studio, $1,888 for a one-bedroom apartment, and around $2,515 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $3,265 or more.
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
How much has average rent changed in Hempstead, NY?
In the past year, rent has increased by 0.4%, which averages out to $9 more per month.
Market Trends Over Time
The chart below compares average rent prices to the previous year during the same time period.
Last Updated December 2024
Legend
2023
2024
Rent Ranges in Hempstead, NY
Last Updated December 2024
$1,501 - $2,000
Most rental prices fall within this range
Percentage*
Rent Range
0%
Below $700/month
0%
$700 - $1,000/month
8%
$1,001 - $1,500/month
64%
$1,501 - $2,000/month
28%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in Hempstead?
Based on current rent prices, Central Nassau is the most affordable neighborhood in Hempstead.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Hempstead?
Based on current rent prices, Central Nassau is the most expensive neighborhood in Hempstead.
Neighborhood
Average Rent
Average Sq Ft
Which Hempstead neighborhoods have the most rentals available?
The neighborhood in Hempstead with the most apartments available is Central Nassau .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Hempstead, NY?
Because the average rent in Hempstead is $1,888, you’ll want to make about $6,293 per month or $75,516 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.
How does Hempstead, NY compare to other nearby cities and neighborhoods?
Use the tool below to compare Hempstead, NY to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.
Studio
$2,051/month
$2,051/month
One Bedroom
$2,764/month
$2,764/month
Two Bedroom
$3,618/month
$3,618/month
Three Bedroom
$4,201/month
$4,201/month
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Methodology
† Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
* Percentages may not total 100 due to rounding.