Rents are right about where New Rochelle's 10-year trend predicts.
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 $2,989 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
New Rochelle, NY is roughly split between renters and owners, has a median income above the national average, 51.6% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How New Rochelle, NY has changed in 5 years
Rent in New Rochelle, NY has climbed 25.6% since 2021, going from about $2,379 per month to roughly $2,989 today. Median household income grew from $87,159 to $109,167 between 2021 and 2024, a 25.3% shift. Headcount in the area went from 80,685 to 82,769 between 2021 and 2024, a 2.6% change. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 46.7% to 51.6%. Taken together, the five-year picture in New Rochelle, NY reflects how housing costs and the people paying them have evolved through a stretch that included a pandemic, a hot rental market, and a recent cooling phase.
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Can you afford rent in New Rochelle on your salary?
At $2,989/mo, how New Rochelle rent compares to typical pay (30% rule).
New Rochelle rent by bedroom count
Median rent for each apartment size in New Rochelle. Click any size for full breakdown.
Tips for renters in New Rochelle
Last updated: August 17, 2026
The median rent in New Rochelle is $2,989/mo as of August 2026. A studio apartment averages $2,400/mo while a 2-bedroom runs $2,770/mo. One-bedroom apartments average $2,500/mo and 3-bedroom units go for $3,450/mo.
At 33% of local median household income ($109,167/yr), New Rochelle ranks as moderate compared to the national benchmark of 30%. Rents have increased 10.7% over the past year.
Frequently asked questions
Is New Rochelle an affordable city for renters?
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What percentage of New Rochelle residents rent vs. own?
How does New Rochelle rent compare to the national average?
At $2,989/mo, rent takes ~33% of New Rochelle's median household income ($109,167/yr). The standard benchmark is 30%.
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Estimated from ZIP-level data
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