Rents are 5% below what Great Neck's 10-year trend predicts — a better deal than its own history suggests.
Rent by unit size
These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $4,894 market median above, and that is expected: FMR is the 40th percentile of standard-quality units and counts gross rent, so it includes essential utilities such as electricity, water, gas, sewer, and trash. The market median is asking rent, which usually excludes utilities. HUD sets FMR once a year; market rent here updates monthly.
Source: HUD Small Area Fair Market Rents. Read the methodology →
12-month history
Last updated: October 17, 2026
What the numbers show
Rent in Great Neck is 0.4% below its high of $4,916 in March 2026, at $4,894 as of September 2026.
Rent in Great Neck changed +3.8% over the year to September 2026. Across the 82 New York cities Zillow tracks, the typical change was +5.3%.
Rent rose in 7 of the last 12 months.
30% of the median household income ($137,981) is $3,450 a month. That covers HUD's Fair Market Rent for up to a 3-bedroom ($3,290); a 4-bedroom is $3,530.
Port Washington, 4 miles away, rents for 11% less ($4,354/mo), about $6,500 a year in savings.
From Zillow's monthly rent index (ZORI) for Great Neck. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.
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Who lives here
Great Neck, NY is majority owner-occupied, has a large retiree population, has a median income above the national average, 53.2% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How Great Neck, NY has changed in 5 years
Rent in Great Neck, NY has climbed 19.5% since 2023, going from about $4,097 per month to roughly $4,894 today. Household income in the area moved from $107,695 to $137,981 across the same window, up 28.1% versus 2021. Income growth outran rent by about 8.6 percentage points, easing the affordability math somewhat compared with 2021. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher slipped from 58.4% to 53.2%. Reading these numbers side by side helps frame whether current listings in Great Neck, NY look reasonable against where the market sat half a decade ago.
Discussions about Great Neck
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Can you afford rent in Great Neck on your salary?
At $4,894/mo, how Great Neck rent compares to typical pay (30% rule).
Great Neck rent by bedroom count
Median rent for each apartment size in Great Neck. Click any size for full breakdown.
Tips for renters in Great Neck
Last updated: October 17, 2026
The median rent in Great Neck is $4,894/mo as of October 2026. A studio apartment averages $1,810/mo while a 2-bedroom runs $2,540/mo. One-bedroom apartments average $2,200/mo and 3-bedroom units go for $3,290/mo.
At 43% of local median household income ($137,981/yr), Great Neck ranks as moderate compared to the national benchmark of 30%. Rents have increased 3.8% over the past year.
Frequently asked questions
How much income do you need to rent in Great Neck?
Is rent going up or down in Great Neck?
How does Great Neck rent compare to other cities in New York?
Which nearby cities are cheaper to rent in than Great Neck?
At $4,894/mo, rent takes ~43% of Great Neck's median household income ($137,981/yr). The standard benchmark is 30%.
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Estimated from ZIP-level data
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