At $2,419/mo, rent takes about 32% 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 $2,419 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: October 17, 2026
What the numbers show
30% of the median household income ($89,609) is $2,240 a month. That covers HUD's Fair Market Rent for up to a 3-bedroom ($2,170); a 4-bedroom is $2,350.
From Zillow's monthly rent index (ZORI) for Warwick. 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
Warwick, NY is majority owner-occupied, has a large retiree population, has a median income above the national average, 50% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How Warwick, NY has changed in 5 years
On the earnings side, the typical household in Warwick, NY now reports about $89,609, up from $79,147 in 2021. Headcount in the area went from 6,686 to 6,585 between 2021 and 2024, a 1.5% change. About 42.2% of households rent today, against 38.7% in 2021. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 45.4% to 50%.
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Can you afford rent in Warwick on your salary?
At $2,419/mo, how Warwick rent compares to typical pay (30% rule).
Warwick rent by bedroom count
Median rent for each apartment size in Warwick. Click any size for full breakdown.
Tips for renters in Warwick
Last updated: October 17, 2026
The median rent in Warwick is $2,419/mo as of October 2026. A studio apartment averages $1,170/mo while a 2-bedroom runs $1,700/mo. One-bedroom apartments average $1,330/mo and 3-bedroom units go for $2,170/mo.
At 32% of local median household income ($89,609/yr), Warwick 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 Warwick?
How does Warwick rent compare to other cities in New York?
At $2,419/mo, rent takes ~32% of Warwick's median household income ($89,609/yr). The standard benchmark is 30%.
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Estimated from ZIP-level data
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