The Bold
2701 Jackson Ave,
Long Island City, NY 11101
Studio - 3 Beds | $3,600 - $8,695
$3,861/month
Average Rent
593 Sq Ft
Average Apartment Size
+0.9%
Increase in the Last Year
As of January 2025, the average rent in New York, NY is $3,861 per month. This is 148% higher than the national average rent price of $1,554/month, making New York one of the most expensive cities to rent an apartment in the US.
In the past year, rent has increased by 0.9%, which averages out to $36 more per month.
Based on current rent prices, Lower East Side, Murray Hill and Yorkville are the most affordable neighborhoods in New York.
Based on current rent prices, Lincoln Square, Midtown West and Midtown East are the most expensive neighborhoods in New York.
The neighborhoods in New York with the most apartments available are Midtown South, Midtown West and East Village .
With the average rent in New York being $3,861, you’ll want to make about $12,870 per month or $154,440 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 determine what an affordable rent amount is for you.
Use the tool below to compare New York, 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.
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† 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.