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Rental Market Trends in Hempstead, NY

Updated September 2026

The average rent in Hempstead, NY is $1,943/month.

Rent in Hempstead is 17% higher than the national average rent of $1,665/month, making this one of the more expensive cities statewide.

$1,943/month

Average Rent

703 Sq Ft

Average Size

+2.7%

Change / Year

231

Available Apartments

Hempstead rent varies by unit size and layout:

  • Studio apartments in Hempstead average $1,670 per month.
  • One-bedroom apartments in Hempstead average $1,943 per month.
  • Two-bedroom apartments in Hempstead average $2,657 per month.
  • Three-bedroom apartments in Hempstead average $3,375 or more per month.

Average Rent by Home Type

Bedrooms
Average Rent
Average Sq Ft
Studio
$1,670/month
550 Sq Ft
One Bedroom
$1,943/month
703 Sq Ft
Two Bedroom
$2,657/month
933 Sq Ft
Three Bedroom
$3,375/month
1,160 Sq Ft
Bedrooms
Average Rent
Average Sq Ft
Four Bedroom
$6,005/month
1,800 Sq Ft
View Hempstead Apartments

How much has average rent changed in Hempstead, NY?

In the past year, rent has increased by 2.7%, which averages out to $54 more per month.

Market Trends Over Time

September 2026

2025 2026
Market Trends Over Time

Rent Ranges in Hempstead, NY

September 2026
$1,501 - $2,000
Most rental prices fall within this range
Rent Ranges in Hempstead, NY
Percentage*
Rent Range
0% Below $700/month
3% $700 - $1,000/month
7% $1,001 - $1,500/month
53% $1,501 - $2,000/month
37% Above $2,000/month

What salary do I need to live comfortably in Hempstead, NY?

Because the average rent in Hempstead is $1,943, you’ll want to make about $6,476 per month or $77,712 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.

City

Hempstead, NY

231 Available Apartments for Rent

Search for Nearby Apartments

How does Hempstead, NY compare to other nearby cities and neighborhoods?

Use the tool below to compare Hempstead, NY to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.

View the Hempstead Area Guide

Apartment Averages

Compare Rent Trends Nearby

Get a clearer picture of the area by viewing rent trends in nearby cities.

  • Uniondale

    Uniondale

    Avg Rent: $2,315/month

  • West Hempstead

    West Hempstead

    Avg Rent: $3,545/month

  • Garden City

    Garden City

    Avg Rent: $3,733/month

  • Rockville Centre

    Rockville Centre

    Avg Rent: $3,067/month

  • Baldwin

    Baldwin

    Avg Rent: $1,905/month

Apartment Communities in Hempstead We Think You'll Love

Heritage Westminster

Heritage Westminster

111 Hempstead Tpke,
West Hempstead, NY 11552

Studio - 3 Beds | $2,984 - $6,870

Metro 303

Metro 303

303 Main St,
Hempstead, NY 11550

1-2 Beds | $3,401 - $3,919

Bedell Terrace

Bedell Terrace

23 Bedell St,
Hempstead, NY 11550

Studio - 2 Beds | $1,673 - $2,126

West 130

West 130

130 Hempstead Ave,
West Hempstead, NY 11552

1-2 Beds | $3,446 - $4,619

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Frequently Asked Questions

What is the average rent in Hempstead?

The average rent in Hempstead is $1,943 per month, which is 16.7% higher than the national average of $1,665.

Are rents going up or down in Hempstead?

Rents in Hempstead, NY are increasing, with prices up 2.7% year-over-year and $54 more per month.

What rent range is most common in Hempstead?

In Hempstead, NY, 53% of apartments fall between $1,501 - $2,000/month, though prices may vary depending on location and other factors.

United States New York Hempstead Rental Trends

Methodology

† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.

Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.

Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in September 2026.

Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.

* Percentages may not total 100 due to rounding.

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© 2026 CoStar Group, Inc.

Equal Housing Opportunity