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City Report · NY

Great Neck

Pop. 11,087·8th most expensive in New York·One of the pricier rental markets in the US
Median rent (all units)
$4,908/mo
Year-over-Year
+1.5%
Month-over-Month
+8.2%
vs US Median
+$2,943
Rising (Monthly)
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Most AffordableMost Expensive
Great Neck · $4,908
More expensive than 99% of US cities · National median $1,965/mo
Rent Reality Score
54/100
Fairly priced
OverheatedFairGreat value

Rents are 2% below what Great Neck's 10-year trend predicts — a better deal than its own history suggests.

Actual rent
$4,908/mo
Expected by trend
$5,008/mo
The Rent Reality Score compares today's median rent to where Great Neck's own long-run trajectory projects it should be. See the full rankings →
Medians by bedroom

Rent by unit size

Studio
$1,810
1 BR
$2,200
2 BR
$2,540
3 BR
$3,290
4 BR+
$3,530
Research median
$2,540/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: July 20, 2026

Annual cost
$58,896/yr
At $4,908/mo median
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 1.5% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+1.5% YoY, +8.2% MoM), not inventory.
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Demographics

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.

Population
11,087
Median income
$137,981
Median age
38.6
Renters
29.4%
Age distribution
31.2%
14.8%
19.7%
13.2%
21.1%
Under 1831.2%
18–3414.8%
35–5419.7%
55–6413.2%
65+21.1%
Gender
51%
49%
Male51%
Female49%
Race & ethnicity
73.4%
13.4%
White73.4%
Black3%
Hispanic10.2%
Asian13.4%
Education (25+)
15.4%
20.4%
53.2%
No HS diploma11%
HS diploma15.4%
Some college20.4%
Bachelor's+53.2%
Housing tenure
70.6%
29.4%
Owner70.6%
Renter29.4%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2023 vs 2026

How Great Neck, NY has changed in 5 years

Rent
$3,793 → $4,908
up 29.4%
Income
$107,695 → $137,981
up 28.1%
Population
11,034 → 11,087
up 0.5%
Renter share
28.4% → 29.4%
+1.0 pts
Bachelor's+
58.4% → 53.2%
-5.2 pts
Median age
32.9 → 38.6
+5.7 yrs

Rent in Great Neck, NY has climbed 29.4% since 2023, going from about $3,793 per month to roughly $4,908 today. Household income in the area moved from $107,695 to $137,981 across the same window, up 28.1% versus 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.

Community

Discussions about Great Neck

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View Great Neck rent history (2015–2026) →
Salary vs rent

Can you afford rent in Great Neck on your salary?

At $4,908/mo, how Great Neck rent compares to typical pay (30% rule).

By apartment size

Great Neck rent by bedroom count

Median rent for each apartment size in Great Neck. Click any size for full breakdown.

Local insights

Tips for renters in Great Neck

About renting in Great Neck, NY

Last updated: July 20, 2026

The median rent in Great Neck is $4,908/mo as of July 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 1.5% over the past year.

FAQ

Frequently asked questions

Is Great Neck an affordable city for renters?

Great Neck is considered stretched for renters. At $4,908/mo, rent takes approximately 43% of the local median household income ($137,981/yr). The standard benchmark is 30%. Great Neck significantly exceeds that threshold, making it challenging for many renters.

How much income do you need to rent in Great Neck?

To keep rent at or below 30% of gross income, you would need to earn at least $196,000/year (~$94/hour full-time) to afford the median rent of $4,908/mo in Great Neck. The local median household income is $137,981/yr, meaning the typical Great Neck household falls short of that threshold.

Is rent going up or down in Great Neck?

Rent in Great Neck has increased 1.5% over the past year as of July 2026, putting upward pressure on renter budgets.

How does Great Neck rent compare to other cities in New York?

Great Neck is one of the pricier cities in New York for rent, ranking #8 out of 126 tracked cities at $4,908/mo.

Which nearby cities are cheaper to rent in than Great Neck?

Several nearby cities have lower median rents than Great Neck ($4,908/mo): Franklin Square ($2,850/mo), Mineola ($3,341/mo), New Hyde Park ($4,111/mo).

What percentage of Great Neck residents rent vs. own?

According to Census data, approximately 29.4% of Great Neck households are renters, while 70.6% are owner-occupied. Great Neck leans toward homeownership, which can mean a smaller rental inventory.

How does Great Neck rent compare to the national average?

Great Neck's median rent of $4,908/mo is $2,943 (150%) above the US national median of $1,965/mo. Within New York, it ranks #8 out of 126 tracked cities.
Income Affordability
43%
STRETCHED

At $4,908/mo, rent takes ~43% of Great Neck's median household income ($137,981/yr). The standard benchmark is 30%.

Great Neck 43%Benchmark 30%
State income tax4–10.9%
Run the Great Neck affordability calculator →
Lowest-rent ZIP codes in Great Neck
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Great Neck, NY

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