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City Report · NY

Oyster Bay

Pop. 7,308·21st most expensive in New York·One of the pricier rental markets in the US
Median rent (all units)
$3,605/mo
Year-over-Year
Stable
Month-over-Month
-0.9%
vs US Median
+$1,640
Falling (Monthly)
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Most AffordableMost Expensive
Oyster Bay · $3,605
More expensive than 96% of US cities · National median $1,965/mo
Affordability
39% of income
MODERATE
0%30% benchmark60%+

At $3,605/mo, rent takes about 39% of the local median household income, slightly above the 30% benchmark.

Income to afford
$144,000/yr
Local median income
$111,264/yr
Based on the 30%-of-income rule using Oyster Bay's median rent and household income. See the full affordability breakdown →
Medians by bedroom

Rent by unit size

Studio
$1,408
1 BR
$2,307
2 BR
$2,165
3 BR
$2,967
Research median
$2,165/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
$43,260/yr
At $3,605/mo median
Rent Market Meter
Balanced Market
Renter's MarketBalancedLandlord's Market
Rents are roughly steady, with neither renters nor landlords holding a strong edge right now.
Based on rent-price momentum (+0.0% YoY, -0.9% MoM), not inventory.
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Demographics

Who lives here

Oyster Bay, NY is majority owner-occupied, has a large share of families with children, has a median income above the national average, 46.1% of residents hold a bachelor's degree or higher.

Population
7,308
Median income
$111,264
Median age
38
Renters
41.6%
Age distribution
25.8%
20.4%
24.1%
19.4%
Under 1825.8%
18–3420.4%
35–5424.1%
55–6410.3%
65+19.4%
Gender
46.8%
53.2%
Male46.8%
Female53.2%
Race & ethnicity
73.9%
28.1%
White73.9%
Black2.4%
Hispanic28.1%
Asian2.6%
Education (25+)
21.8%
26.2%
46.1%
No HS diploma5.9%
HS diploma21.8%
Some college26.2%
Bachelor's+46.1%
Housing tenure
58.4%
41.6%
Owner58.4%
Renter41.6%

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

2021 vs 2026

How Oyster Bay, NY has changed in 5 years

Income
$97,946 → $111,264
up 13.6%
Population
6,708 → 7,308
up 8.9%
Renter share
47.5% → 41.6%
-5.9 pts
Bachelor's+
46.4% → 46.1%
-0.3 pts

Local incomes tracked alongside that move, going from a median of $97,946 in 2021 to $111,264 more recently. Census counts show Oyster Bay, NY adding about 600 residents over the five-year window, up 8.9% on net. The renter share has eased from 47.5% to 41.6%, with owner-occupied housing accounting for the remainder.

Community

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View Oyster Bay rent history (2015–2026) →
Salary vs rent

Can you afford rent in Oyster Bay on your salary?

At $3,605/mo, how Oyster Bay rent compares to typical pay (30% rule).

By apartment size

Oyster Bay rent by bedroom count

Median rent for each apartment size in Oyster Bay. Click any size for full breakdown.

Local insights

Tips for renters in Oyster Bay

About renting in Oyster Bay, NY

Last updated: July 20, 2026

The median rent in Oyster Bay is $3,605/mo as of July 2026. A studio apartment averages $1,408/mo while a 2-bedroom runs $2,165/mo. One-bedroom apartments average $2,307/mo and 3-bedroom units go for $2,967/mo.

At 39% of local median household income ($111,264/yr), Oyster Bay ranks as moderate compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.

FAQ

Frequently asked questions

Is Oyster Bay an affordable city for renters?

Oyster Bay is considered moderate for renters. At $3,605/mo, rent takes approximately 39% of the local median household income ($111,264/yr). The standard benchmark is 30%. Oyster Bay slightly exceeds that threshold, so budgeting carefully matters here.

How much income do you need to rent in Oyster Bay?

To keep rent at or below 30% of gross income, you would need to earn at least $144,000/year (~$69/hour full-time) to afford the median rent of $3,605/mo in Oyster Bay. The local median household income is $111,264/yr, meaning the typical Oyster Bay household falls short of that threshold.

Is rent going up or down in Oyster Bay?

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

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

Oyster Bay is one of the pricier cities in New York for rent, ranking #21 out of 126 tracked cities at $3,605/mo.

Which nearby cities are cheaper to rent in than Oyster Bay?

Several nearby cities have lower median rents than Oyster Bay ($3,605/mo): Hicksville ($2,879/mo), Westbury ($3,154/mo), Woodbury ($3,603/mo).

What percentage of Oyster Bay residents rent vs. own?

According to Census data, approximately 41.6% of Oyster Bay households are renters, while 58.4% are owner-occupied. Oyster Bay leans toward homeownership, which can mean a smaller rental inventory.

How does Oyster Bay rent compare to the national average?

Oyster Bay's median rent of $3,605/mo is $1,640 (83%) above the US national median of $1,965/mo. Within New York, it ranks #21 out of 126 tracked cities.
Income Affordability
39%
MODERATE

At $3,605/mo, rent takes ~39% of Oyster Bay's median household income ($111,264/yr). The standard benchmark is 30%.

Oyster Bay 39%Benchmark 30%
State income tax4–10.9%
Run the Oyster Bay affordability calculator →
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Oyster Bay, NY

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