At $3,565/mo, rent takes about 38% of the local median household income, slightly above the 30% benchmark.
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 $3,565 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
What the numbers show
30% of the median household income ($111,264) is $2,782 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($2,165); a 3-bedroom is $2,967.
From Zillow's monthly rent index (ZORI) for Oyster Bay. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.
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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.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How Oyster Bay, NY has changed in 5 years
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.
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Can you afford rent in Oyster Bay on your salary?
At $3,565/mo, how Oyster Bay rent compares to typical pay (30% rule).
Oyster Bay rent by bedroom count
Median rent for each apartment size in Oyster Bay. Click any size for full breakdown.
Tips for renters in Oyster Bay
Last updated: August 17, 2026
The median rent in Oyster Bay is $3,565/mo as of August 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 38% 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.
Frequently asked questions
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Is rent going up or down in Oyster Bay?
How does Oyster Bay rent compare to other cities in New York?
At $3,565/mo, rent takes ~38% of Oyster Bay's median household income ($111,264/yr). The standard benchmark is 30%.
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Estimated from ZIP-level data
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