Average Rent In New York For January 2024
Average Rent
What is the average rent in New York?
The average rent in New York for January 2024 is $1,820, according to the most recent data from ApartmentList - January 3, 2024. The average rent of a 2-bedroom apartment in New York is $1,832. The average rent of a 1-bedroom apartment in New York is $1,732.
Compared to the national average of $1,379, New York rent costs 32.0% more. Read our analysis of rents by state to see how New York ranks.
Here's a look at how average rents have changed over time:
How Does New York Rent Compare To The Rest Of The Country?
| Statistic | NY | USA | % Difference |
|---|---|---|---|
| Average Rent | $1,820 | $1,379 | 32.0% |
| M-o-M Change | -$22 | -$11 | 100.0% |
| Y-o-Y Change | $46 | -$14 | -428.6% |
| M-o-M % Change | -1.2% | -0.8% | - |
| Y-o-Y % Change | 2.6% | -1.0% | - |
Median Rent By Bedrooms In New York
1-Bedroom
2-Bedroom
As you would expect, the median price for rent in New York increases as the number of bedrooms in the unit increases. 1-Bedroom rent is the cheapest in New York clocking in at $1,732, while a 2-bedroom rental will set you back $1,832 per month.
If you don't mind having roommates, the best option on a per room basis is a 2-bedroom rental for $916/room/month.
Read on to find out more or for more on New York check out:
- Best Places To Live In New York
- Cheapest Places To Live In New York
- Most Dangerous Places In New York
Month Over Month New York Rent Statistics
M-o-M Increase
M-o-M Increase
New York has experienced a -$22 change in rent over the past month going from $1,842 to $1,820. That change comes out to -1.2%.
For reference, the US national average rent changed -$11 in the past month or -0.8%.
Here's a look at the month over month change for each month since 2017 for New York:
Year Over Year New York Rent Statistics
Y-o-Y Increase
Y-o-Y Increase
Over the past year, the average rent in New York changed $46 from $1,774 to $1,820. A change of $46 means that rents changed 2.6% in a year.
That compares to the US national change of -$14 in the past year or -1.0%.
Here's a look at the year over year change by month since 2017 for New York:
The 10 Places With The Highest Rent In New York
Population: 17,856
Median Rent: $3,303
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Population: 6,428
Median Rent: $2,937
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Population: 22,699
Median Rent: $2,864
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Population: 6,627
Median Rent: $2,423
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Population: 17,223
Median Rent: $2,402
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Population: 5,634
Median Rent: $2,378
More on Pelham Manor: Data | Crime | Cost Of Living | Real Estate
Population: 28,319
Median Rent: $2,287
More on Harrison: Data | Crime | Cost Of Living | Real Estate
Population: 16,004
Median Rent: $2,286
More on Rye: Data | Crime | Cost Of Living | Real Estate
Population: 5,359
Median Rent: $2,100
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Population: 5,085
Median Rent: $2,090
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Learn More About Living In New York
About Chris Kolmar
Chris Kolmar has been in the real estate business for almost ten years now. He originally worked for Movoto Real Estate as the director of marketing before founding HomeSnacks.
He believes the key to finding the right place to live comes down to looking at the data, reading about things to do, and, most importantly, checking it out yourself before you move.
If you've been looking for a place to live in the past several years, you've probably stumbled upon his writing already.
You can find out more about him on LinkedIn.