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City Report · NY

Purchase

·18th most expensive in New York·Purchase rents are up 11.6% over the past year
Median rent (all units)
$3,903/mo
Year-over-Year
+11.6%
Month-over-Month
+13.8%
vs US Median
+$1,938
Rising (Monthly)
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Most AffordableMost Expensive
Purchase · $3,903
More expensive than 97% of US cities · National median $1,965/mo
Affordability
65% of income
EXPENSIVE
0%30% benchmark60%+

At $3,903/mo, rent takes about 65% of the US median household income, well above the 30% benchmark.

Income to afford
$156,000/yr
US median income
$72,000/yr
Based on the 30%-of-income rule using Purchase's median rent and household income. See the full affordability breakdown →
Rent trends

12-month history

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Last updated: July 20, 2026

Annual cost
$46,836/yr
At $3,903/mo median
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 11.6% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+11.6% YoY, +13.8% MoM), not inventory.
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View Purchase rent history (2015–2026) →
Salary vs rent

Can you afford rent in Purchase on your salary?

At $3,903/mo, how Purchase rent compares to typical pay (30% rule).

Local insights

Tips for renters in Purchase

About renting in Purchase, NY

Last updated: July 20, 2026

The median rent in Purchase is $3,903/mo as of July 2026.

At 65% of estimated US median household income ($72,000/yr), Purchase ranks as expensive compared to the national benchmark of 30%. Rents have increased 11.6% over the past year.

FAQ

Frequently asked questions

Is Purchase an affordable city for renters?

Purchase is considered expensive for renters. At $3,903/mo, rent takes approximately 65% of the US median household income ($72,000/yr). The standard benchmark is 30%. Purchase significantly exceeds that threshold, making it challenging for many renters.

How much income do you need to rent in Purchase?

To keep rent at or below 30% of gross income, you would need to earn at least $156,000/year (~$75/hour full-time) to afford the median rent of $3,903/mo in Purchase.

Is rent going up or down in Purchase?

Rent in Purchase has increased 11.6% over the past year as of July 2026, putting upward pressure on renter budgets.

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

Purchase is one of the pricier cities in New York for rent, ranking #18 out of 126 tracked cities at $3,903/mo.

Which nearby cities are cheaper to rent in than Purchase?

Several nearby cities have lower median rents than Purchase ($3,903/mo): Port Chester ($2,909/mo), White Plains ($3,228/mo).

How does Purchase rent compare to the national average?

Purchase's median rent of $3,903/mo is $1,938 (99%) above the US national median of $1,965/mo. Within New York, it ranks #18 out of 126 tracked cities.
Income Affordability
65%
EXPENSIVE

At $3,903/mo, rent takes ~65% of US median household income ($72,000/yr). The standard benchmark is 30%.

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

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