Rental market snapshot for New York, New York

New York, New York Rental Property Market Overview

New York, New York is the most populous city in the United States, with an estimated population of 8,467,513 as of 2021, according to the US Census. It is a major global center of finance, culture, media, art, fashion, and entertainment, and is home to some of the world's most iconic landmarks, such as the Statue of Liberty and the Empire State Building. It is also a major hub for international business, with many of the world's largest corporations headquartered in the city. New York is a vibrant and diverse city, with a wide range of attractions and activities to suit all tastes.

The average rent for an apartment in New York is $4,864. The cost of rent varies depending on several factors, including location, size, and quality.

The average rent has decreased by 0.00% over the past year.

Last Updated March 25, 2024

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Average monthly rent graph in New York New York | Cost of Living

  • The most expensive ZIP code in New York is 10069 with an average price of $7,386.
  • The cheapest ZIP code in New York is 10044 with an average price of $4,104.

New York ZIP codes with the highest, most expensive rent

#ZIP CodeAverage Rent
110069$7,386
210065$6,992
310075$5,085
410044$4,104

Live near New York, New York's Top Sights and Attractions

Green Gems is an interactive art installation located in a public park. It consists of a series of large, brightly-colored gemstones that visitors can climb on and explore. The gems are made of a durable material and are designed to withstand the elements. The installation also features a variety of interactive elements, such as light and sound, that visitors can interact with. The attraction is a great way to explore the outdoors and enjoy the beauty of nature.

Flushing Meadows Corona Park is a sprawling public park located in New York, New York. It is the fourth largest park in the city, covering 897 acres of land. The park is home to a variety of attractions, including the Unisphere, a giant steel globe that was built for the 1964 World's Fair; the Queens Museum of Art; the New York Hall of Science; and the USTA Billie Jean King National Tennis Center. The park also features numerous sports fields, playgrounds, and picnic areas, as well as a lake and a boathouse.

Central Park is a large public park located in the heart of a major metropolitan city. It is a popular destination for locals and visitors alike, offering a variety of activities such as walking, running, biking, rollerblading, and picnicking. The park is also home to a variety of attractions, including a zoo, a carousel, a lake, and a variety of sculptures and monuments. Central Park also hosts a variety of events throughout the year, such as concerts, festivals, and outdoor movies.

Maria Hernandez Park is a vibrant urban oasis located in the heart of a bustling city. It features lush green lawns, colorful flower beds, and a variety of trees and shrubs. The park also has a playground, basketball courts, and a large open-air pavilion. Visitors can enjoy a variety of activities, including picnicking, playing sports, and taking in the views of the city skyline. The park is a popular spot for locals and tourists alike, and is a great place to relax and enjoy the outdoors.

Bronx Park is a large urban park located in the Bronx borough of New York City. It is the largest park in the borough, covering an area of over 500 acres. The park is home to a variety of attractions, including a zoo, a botanical garden, a lake, and a number of sports fields and playgrounds. It also features a number of walking and biking trails, as well as picnic areas and a large amphitheater. The park is a popular destination for both locals and tourists alike, offering a great place to relax and enjoy the outdoors.

Rose Hill Park is a picturesque urban park located in the heart of the city. It features a large pond, lush gardens, and a variety of trees and plants. There are also several walking trails, a playground, and a picnic area. The park is a popular spot for locals and visitors alike, offering a peaceful escape from the hustle and bustle of the city.

Ruppert Park is a popular destination for locals and tourists alike. It is located in the heart of the city and offers a wide variety of activities for all ages. The park features a large playground, basketball courts, tennis courts, a baseball field, and a picnic area. There are also several walking paths, a pond, and a fountain. The park is also home to a variety of wildlife, including ducks, geese, and other birds. Ruppert Park is a great place to relax and enjoy the outdoors.

Madison Square Park is a popular public park located in the heart of Manhattan. It is a vibrant green space surrounded by iconic buildings and bustling streets. The park features a large central lawn, a variety of trees, and several monuments and sculptures. It is also home to a variety of events throughout the year, including outdoor concerts, art installations, and food festivals.

Hudson River Park is a 550-acre waterfront park along the Hudson River in New York City. It stretches from Battery Park City in Lower Manhattan to 59th Street in Midtown Manhattan. The park features a variety of recreational activities, including walking and biking paths, playgrounds, sports fields, and gardens. There are also numerous restaurants, cafes, and bars along the waterfront. Visitors can also take part in kayaking, fishing, and other water activities. The park also hosts a variety of events throughout the year, including concerts, festivals, and movie screenings.

Grand Central Parkway Extension is a scenic highway that runs through the boroughs of Queens and Brooklyn in New York. It is a popular route for commuters and tourists alike, offering stunning views of the city skyline and the East River. The highway is lined with trees and lush greenery, making it a pleasant drive for those looking to get away from the hustle and bustle of the city. The extension also provides access to some of the city's most popular attractions, including Citi Field, the USTA Billie Jean King National Tennis Center, and Flushing Meadows-Corona Park.

New York, New York area median rent change by ZIP code map

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

citymedian price
Roslyn$5,100
Woodbury$3,000
Hempstead$2,995
Mount Vernon$2,893
Harrison$2,550
Stephentown$1,895
East Greenbush$1,575
Guilderland$1,490
Warrensburg$1,315

Average household income in New York area graph - US Census

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The median household income in New York in 2021 was $70,663. This represents a 36.2% change from 2011 when the median was $51,865.

#categorypercent
0Less than $10,0008.3%
1$10,000 to $14,9995.6%
2$15,000 to $19,9994.4%
3$20,000 to $24,9994.1%
4$25,000 to $29,9993.7%
5$30,000 to $34,9993.8%
6$35,000 to $39,9993.4%
7$40,000 to $44,9993.5%
8$45,000 to $49,9993.1%
9$50,000 to $59,9996.1%
10$60,000 to $74,9998.1%
11$75,000 to $99,99911.2%
12$100,000 to $124,9998.6%
13$125,000 to $149,9996.2%
14$150,000 to $199,9998.0%
15$200,000 or more12.1%

Neighborhoods in New York

Frequently asked questions

Our data is best categorized as "alternative data", which is a burgeoning sector. Through partnerships and direct feeds, we extract key factual elements that are publicly available within rental listings on internet listing sites and property websites. Once aggregated, we mine through the data to parse out relevant insights and calculate important metrics, benchmarks, and other KPIs. Each week, our system sifts through millions of listing observations and other pockets of market information to deliver the most comprehensive picture of rental housing available.

This is a metric that we try not to overthink. Simply, we take each unique listing observation within a geographic boundary and calculate a simple average. Of course, we're careful to filter for duplicates and other listings that aren't reflective of the market.

Yes, but please attribute us accordingly.

Yes. We can deliver bulk raw data in various formats. Please contact us to discuss - [email protected]

While some of our data is refreshed daily and other data comes in weekly, the bulk of it comes in on a biweekly basis.

Our coverage is nationwide! In our platform, we have data points for every ZIP code and neighborhood boundary in the country.

Every rental housing unit is differentiated by attributes such as its location, square footage, and amenity composition. Thanks to machine learning and natural language processing technologies we deploy, we're able to deconstruct our rental listing data points and identify key amenities for each listing. With this information, we're able to give signals around how certain amenities drive rental pricing value in certain areas.

Well, we think so! At the highest level, our process is simple. Listings data is ingested, cleaned (de-duplicated. etc.), analyzed for insights, and then presented to our users.

As of February , the average rent in New York is $4,864.
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