Rents are 2% 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 $4,970 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: August 17, 2026
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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 31.0% since 2023, going from about $3,793 per month to roughly $4,970 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.
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Can you afford rent in Great Neck on your salary?
At $4,970/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: August 17, 2026
The median rent in Great Neck is $4,970/mo as of August 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
Is Great Neck an affordable city for renters?
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Is rent going up or down in Great Neck?
How does Great Neck rent compare to other cities in New York?
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What percentage of Great Neck residents rent vs. own?
How does Great Neck rent compare to the national average?
At $4,970/mo, rent takes ~43% of Great Neck's median household income ($137,981/yr). The standard benchmark is 30%.
How does this area stack up?
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Estimated from ZIP-level data
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