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City Report · NY

New Paltz

Pop. 8,314·52nd most expensive in New York·One of the pricier rental markets in the US
Median rent (all units)
$2,848/mo
Year-over-Year
Stable
Month-over-Month
-11.0%
vs US Median
+$883
Falling (Monthly)
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Most AffordableMost Expensive
New Paltz · $2,848
More expensive than 88% of US cities · National median $1,965/mo
Affordability
65% of income
EXPENSIVE
0%30% benchmark60%+

At $2,848/mo, rent takes about 65% of the local median household income, well above the 30% benchmark.

Income to afford
$114,000/yr
Local median income
$52,774/yr
Based on the 30%-of-income rule using New Paltz's median rent and household income. See the full affordability breakdown →
Medians by bedroom

Rent by unit size

Studio
$1,580
1 BR
$1,580
2 BR
$2,070
3 BR
$2,620
4 BR+
$2,840
Research median
$2,070/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
$34,176/yr
At $2,848/mo median
Rent Market Meter
Strong Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are down 0.0% year-over-year. Push hard on price, concessions, and lease terms.
Based on rent-price momentum (+0.0% YoY, -11.0% MoM), not inventory.
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Demographics

Who lives here

New Paltz, NY is majority renter-occupied, skews toward younger working-age adults, has a median income below the national average, 73.3% of residents hold a bachelor's degree or higher.

Population
8,314
Median income
$52,774
Median age
21.5
Renters
79.7%
Age distribution
68.6%
Under 188.6%
18–3468.6%
35–549.9%
55–645.2%
65+7.7%
Gender
43.2%
56.8%
Male43.2%
Female56.8%
Race & ethnicity
67.5%
15%
White67.5%
Black8.7%
Hispanic15%
Asian5.7%
Other3.1%
Education (25+)
13.4%
73.3%
No HS diploma3%
HS diploma13.4%
Some college10.3%
Bachelor's+73.3%
Housing tenure
20.3%
79.7%
Owner20.3%
Renter79.7%

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

2021 vs 2026

How New Paltz, NY has changed in 5 years

Income
$51,912 → $52,774
up 1.7%
Population
7,378 → 8,314
up 12.7%
Renter share
70.4% → 79.7%
+9.3 pts
Bachelor's+
69.7% → 73.3%
+3.6 pts

Median household income rose from $51,912 to $52,774 between 2021 and 2024, a 1.7% shift. The population has grown by 12.7% since 2021, moving from about 7,378 residents to roughly 8,314. Renters now make up 79.7% of households, compared with 70.4% five years ago. College-educated residents now make up 73.3% of adults here, versus 69.7% in 2021.

Community

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View New Paltz rent history (2015–2026) →
Salary vs rent

Can you afford rent in New Paltz on your salary?

At $2,848/mo, how New Paltz rent compares to typical pay (30% rule).

By apartment size

New Paltz rent by bedroom count

Median rent for each apartment size in New Paltz. Click any size for full breakdown.

Local insights

Tips for renters in New Paltz

About renting in New Paltz, NY

Last updated: July 20, 2026

The median rent in New Paltz is $2,848/mo as of July 2026. A studio apartment averages $1,580/mo while a 2-bedroom runs $2,070/mo. One-bedroom apartments average $1,580/mo and 3-bedroom units go for $2,620/mo.

At 65% of local median household income ($52,774/yr), New Paltz ranks as expensive compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.

FAQ

Frequently asked questions

Is New Paltz an affordable city for renters?

New Paltz is considered expensive for renters. At $2,848/mo, rent takes approximately 65% of the local median household income ($52,774/yr). The standard benchmark is 30%. New Paltz significantly exceeds that threshold, making it challenging for many renters.

How much income do you need to rent in New Paltz?

To keep rent at or below 30% of gross income, you would need to earn at least $114,000/year (~$55/hour full-time) to afford the median rent of $2,848/mo in New Paltz. The local median household income is $52,774/yr, meaning the typical New Paltz household falls short of that threshold.

Is rent going up or down in New Paltz?

Rent in New Paltz has been relatively stable over the past year, with a 0.0% change year over year as of July 2026.

How does New Paltz rent compare to other cities in New York?

New Paltz is middle-of-the-pack for New York for rent, ranking #52 out of 126 tracked cities at $2,848/mo.

Which nearby cities are cheaper to rent in than New Paltz?

Several nearby cities have lower median rents than New Paltz ($2,848/mo): Poughkeepsie ($1,865/mo), Newburgh ($1,925/mo), Kingston ($2,019/mo).

What percentage of New Paltz residents rent vs. own?

According to Census data, approximately 79.7% of New Paltz households are renters, while 20.3% are owner-occupied. With a majority renter population, New Paltz has a strong rental market.

How does New Paltz rent compare to the national average?

New Paltz's median rent of $2,848/mo is $883 (45%) above the US national median of $1,965/mo. Within New York, it ranks #52 out of 126 tracked cities.
Income Affordability
65%
EXPENSIVE

At $2,848/mo, rent takes ~65% of New Paltz's median household income ($52,774/yr). The standard benchmark is 30%.

New Paltz 65%Benchmark 30%
State income tax4–10.9%
Run the New Paltz affordability calculator →
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near New Paltz, NY

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