10 Halletts Point
10, 20, 30 Halletts Pt,
Astoria, NY 11102
Studio - 2 Beds | $3,651 - $6,971
Rental Market Trends in New York, NY
What is the average rent in New York, NY?
$4,188/month
Average Rent
591 Sq Ft
Average Apartment Size
+3%
Increase in the Last Year
New York, NY Rental Market Overview
The average rent in New York, NY is $4,188 per month. This is 152% higher than the national average rent price of $1,661/month, making New York one of the most expensive cities in the US.
- Studio apartments in New York average $3,391 per month.
- One-bedroom apartments in New York average $4,188 per month.
- Two-bedroom apartments in New York average $5,785 per month.
- Three-bedroom apartments in New York average $7,256 or more per month.
Data Updated: July 1, 2026
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 New York, NY?
In the past year, rent has increased by 3%, which averages out to $127 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 July 2026
Legend
2025
2026
Rent Ranges in New York, NY
Last Updated July 2026
Above $2,000
Most rental prices fall within this range
Percentage*
Rent Range
1%
Below $700/month
2%
$700 - $1,000/month
4%
$1,001 - $1,500/month
9%
$1,501 - $2,000/month
85%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in New York?
Based on current rent prices, Harlem, Central Harlem and East Harlem are the most affordable neighborhoods in New York.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in New York?
Based on current rent prices, NoHo, Greenwich Village and Bowery are the most expensive neighborhoods in New York.
Neighborhood
Average Rent
Average Sq Ft
Which New York neighborhoods have the most rentals available?
The neighborhoods in New York with the most apartments available are Kips Bay, Murray Hill and Greenwich Village .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in New York, NY?
Because the average rent in New York is $4,188, you’ll want to make about $13,960 per month or $167,520 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.
Cost of Living
The cost of living in New York, NY is 136.3% higher than the national average. Generally, housing in New York is 404.0% more expensive than the national average, with rent falling between $3,391 - $7,256. You can expect to pay 15.0% more for groceries, 14.3% more for utilities, and 18.5% more for transportation.
How does New York, NY compare to other nearby cities and neighborhoods?
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.
Studio
$2,056/month
$4,420/month
One Bedroom
$2,374/month
$5,208/month
Two Bedroom
$2,893/month
$8,312/month
Three Bedroom
$3,287/month
$5,018/month
Compare Rent Trends Nearby
Get a clearer picture of the area by viewing rent trends in nearby cities.
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Frequently Asked Questions
What is the average rent in New York?
The average rent in New York is $4,188 per month, which is 152.1% higher than the national average of $1,661.
What is the average rent for a house in New York?
The average rent for a house in New York, NY is $4,138 per month.
What is the average rent for a townhome in New York?
The average rent for a townhome in New York, NY is $5,307 per month.
What is the average rent for a condo in New York?
The average rent for a condo in New York, NY is $3,996 per month.
Are rents going up or down in New York?
Rents in New York, NY are increasing, with prices up 3.0% year-over-year and $127 more per month.
What rent range is most common in New York?
In New York, NY, 85% of apartments fall above $2,000/month, though prices may vary depending on location and other factors.
Methodology
† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
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.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in June 2026.
Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.
* Percentages may not total 100 due to rounding.