How much does it cost to rent in New York, NY?

As of July 2026, the median monthly rent in New York, NY is $4,133. This figure is based on aggregated data from public sources and community-submitted rents.

Is New York cheaper than other New York cities?

New York is one of the pricier cities in New York, ranking #14 out of 126 cities tracked at $4,133/mo.

When was New York rent data last updated?

New York rent data reflects July 2026 and was last refreshed on July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.

Michael Discenza / Unsplash

City Report · NY

New York

Name: Average Rent Prices in New York, NY
Creator: RentDataNow
License: https://rentdatanow.com/terms-of-service

Pop. 8,483,844·14th most expensive in New York·New York rents are up 15.7% over the past year

Median rent (all units)

$4,133/mo

Year-over-Year

+15.7%

Month-over-Month

+2.1%

vs US Median

+$2,168

Rising (Monthly)

Be the first to discuss New York rents ↓

Most AffordableMost Expensive

New York · $4,133

More expensive than 98% of US cities · National median $1,965/mo

Rent Reality Score

27/100

Overpriced

OverheatedFairGreat value

Rents are 12% above what New York's 10-year trend predicts — running hotter than its own history.

Actual rent

$4,133/mo

Expected by trend

$3,702/mo

The Rent Reality Score compares today's median rent to where New York's own long-run trajectory projects it should be. See the full rankings →

Medians by bedroom

Rent by unit size

Studio

$2,625

1 BR

$2,732

2 BR

$3,032

3 BR

$3,782

4 BR+

$4,076

Research median

$3,032/mo

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

Rent trends

12-month history

Loading…

Last updated: July 20, 2026

Annual cost

$49,596/yr

At $4,133/mo median

Rent Market Meter

Strong Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are up 15.7% year-over-year. Expect competition, and move quickly to lock in terms.

Based on rent-price momentum (+15.7% YoY, +2.1% MoM), not inventory.

Rent check

Is your rent fair?

Compare your rent to the local median.

Demographics

Who lives here

New York, NY is majority renter-occupied, 41.6% of residents hold a bachelor's degree or higher.

Population

8,483,844

Median income

$80,483

Median age

38.2

Renters

67.2%

Age distribution

20.2%

24.9%

26.1%

12.2%

16.6%

Under 1820.2%

18–3424.9%

35–5426.1%

55–6412.2%

65+16.6%

Gender

48%

52%

Male48%

Female52%

Race & ethnicity

33.8%

21.9%

28.5%

14.7%

White33.8%

Black21.9%

Hispanic28.5%

Asian14.7%

Other1%

Education (25+)

16.2%

22.7%

19.5%

41.6%

No HS diploma16.2%

HS diploma22.7%

Some college19.5%

Bachelor's+41.6%

Housing tenure

32.8%

67.2%

Owner32.8%

Renter67.2%

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

2021 vs 2026

How New York, NY has changed in 5 years

Rent

$2,598 → $4,133

up 59.1%

Income

$70,663 → $80,483

up 13.9%

Population

8,736,047 → 8,483,844

down 2.9%

Renter share

66.8% → 67.2%

+0.4 pts

Bachelor's+

39.6% → 41.6%

+2.0 pts

Median age

37.3 → 38.2

+0.9 yrs

Since 2021, the typical rent in New York, NY has increased from $2,598 to $4,133, a 59.1% change over five years. Median household income rose from $70,663 to $80,483 between 2021 and 2024, a 13.9% shift. That spread, with rent up faster than earnings, points to a tougher affordability environment than five years ago. The population has contracted by 2.9% since 2021, moving from about 8,736,047 residents to roughly 8,483,844. College-educated residents now make up 41.6% of adults here, versus 39.6% in 2021. Taken together, the five-year picture in New York, 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.

Community

Discussions about New York

No discussions yet. Start the conversation.

View New York rent history (2015–2026) →

Salary vs rent

Can you afford rent in New York on your salary?

At $4,133/mo, how New York rent compares to typical pay (30% rule).

Registered Nurse

Avg $107,707/yr · Rent = 46% income

rent-burdened

Elementary School Teacher

Avg $76,471/yr · Rent = 64.9% income

severely rent-burdened

Police Officer

Avg $88,088/yr · Rent = 56.3% income

severely rent-burdened

Software Developer

Avg $157,445/yr · Rent = 31.5% income

stretched

Lawyer

Avg $201,176/yr · Rent = 24.7% income

affordable

Firefighter

Avg $71,603/yr · Rent = 69.3% income

severely rent-burdened

Truck Driver

Avg $64,649/yr · Rent = 76.7% income

severely rent-burdened

Electrician

Avg $79,686/yr · Rent = 62.2% income

severely rent-burdened

By apartment size

New York rent by bedroom count

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

Local insights

Tips for renters in New York

About renting in New York, NY

Last updated: July 20, 2026

The median rent in New York is $4,133/mo as of July 2026. A studio apartment averages $2,625/mo while a 2-bedroom runs $3,032/mo. One-bedroom apartments average $2,732/mo and 3-bedroom units go for $3,782/mo.

At 62% of local median household income ($80,483/yr), New York ranks as expensive compared to the national benchmark of 30%. Rents have increased 15.7% over the past year.

FAQ

Frequently asked questions

Is New York an affordable city for renters?

New York is considered expensive for renters. At $4,133/mo, rent takes approximately 62% of the local median household income ($80,483/yr). The standard benchmark is 30%. New York significantly exceeds that threshold, making it challenging for many renters.

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

To keep rent at or below 30% of gross income, you would need to earn at least $165,000/year (~$79/hour full-time) to afford the median rent of $4,133/mo in New York. The local median household income is $80,483/yr, meaning the typical New York household falls short of that threshold.

Is rent going up or down in New York?

Rent in New York has increased 15.7% over the past year as of July 2026, putting upward pressure on renter budgets.

Which New York neighborhoods have the lowest rent?

The most affordable ZIP codes in New York are 10309 ($1,932/mo), 10307 ($1,950/mo), and 10468 ($2,194/mo). Citywide, the median rent in New York is $4,133/mo.

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

New York is one of the pricier cities in New York for rent, ranking #14 out of 126 tracked cities at $4,133/mo.

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

Several nearby cities have lower median rents than New York ($4,133/mo): Union City ($2,421/mo), West New York ($2,635/mo), Jersey City ($3,182/mo).

What percentage of New York residents rent vs. own?

According to Census data, approximately 67.2% of New York households are renters, while 32.8% are owner-occupied. With a majority renter population, New York has a strong rental market.

How does New York rent compare to the national average?

New York's median rent of $4,133/mo is $2,168 (110%) above the US national median of $1,965/mo. Within New York, it ranks #14 out of 126 tracked cities.

Income Affordability

62%

EXPENSIVE

At $4,133/mo, rent takes ~62% of New York's median household income ($80,483/yr). The standard benchmark is 30%.

New York 62%Benchmark 30%

State income tax4–10.9%

Run the New York affordability calculator →

Nearby cities