10 Halletts Point
10, 20, 30 Halletts Pt,
Astoria, NY 11102
Studio - 2 Beds | $3,195 - $6,390
Rental Market Trends in New York, NY
Updated August 2026
The average rent in New York, NY is $4,198/month.
Rent in New York is 152% higher than the national average rent of $1,664/month, making this one of the more expensive cities statewide.
$4,198/month
Average Rent
591 Sq Ft
Average Size
+3.1%
Change / Year
7,480
Available Apartments
New York rent varies by unit size and layout:
- Studio apartments in New York average $3,397 per month.
- One-bedroom apartments in New York average $4,198 per month.
- Two-bedroom apartments in New York average $5,817 per month.
- Three-bedroom apartments in New York average $7,362 or more per month.
Average Rent by Home Type
Bedrooms
Average Rent
Average Sq Ft
Bedrooms
Average Rent
Average Sq Ft
Bedrooms
Average Rent
Average Sq Ft
Bedrooms
Average Rent
Average Sq Ft
How much has average rent changed in New York, NY?
In the past year, rent has increased by 3.1%, which averages out to $129 more per month.
Market Trends Over Time
August 2026
2025
2026
Rent Ranges in New York, NY
August 2026
Above $2,000
Most rental prices fall within this range
Percentage*
Rent Range
1%
Below $700/month
2%
$700 - $1,000/month
4%
$1,001 - $1,500/month
9%
$1,501 - $2,000/month
85%
Above $2,000/month
Rent by Neighborhood
What are the most affordable neighborhoods in New York?
Based on current rent prices, Harlem, Hamilton Heights and Central Harlem are the most affordable neighborhoods in New York.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in New York?
Based on current rent prices, Central Park South, Greenwich Village and NoHo are the most expensive neighborhoods in New York.
Neighborhood
Average Rent
Average Sq Ft
Which New York neighborhoods have the most rentals available?
The neighborhoods in New York with the most apartments available are Downtown Manhattan, Midtown Manhattan and Kips Bay .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in New York, NY?
Because the average rent in New York is $4,198, you’ll want to make about $13,993 per month or $167,916 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.
Cost of Living
The cost of living in New York, NY is 136.3% higher than the national average. Generally, housing in New York is 404.0% more expensive than the national average, with rent falling between $3,397 - $7,362. You can expect to pay 15.0% more for groceries, 14.3% more for utilities, and 18.5% more for transportation.
How does New York, NY compare to other nearby cities and neighborhoods?
Use the tool below to compare New York, 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 New York Area GuideStudio
$2,080/month
$3,952/month
One Bedroom
$2,381/month
$4,164/month
Two Bedroom
$2,881/month
$5,667/month
Three Bedroom
$3,339/month
$13,952/month
Compare Rent Trends Nearby
Get a clearer picture of the area by viewing rent trends in nearby cities.
-
Sunnyside
Avg Rent: $2,061/month
-
Ridgewood
Avg Rent: $2,215/month
-
Hoboken
Avg Rent: $3,851/month
-
Brooklyn
Avg Rent: $3,069/month
-
Long Island City
Avg Rent: $3,740/month
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Frequently Asked Questions
What is the average rent in New York?
The average rent in New York is $4,198 per month, which is 152.3% higher than the national average of $1,664.
What is the average rent for a house in New York?
The average rent for a house in New York, NY is $4,055 per month.
What is the average rent for a townhome in New York?
The average rent for a townhome in New York, NY is $5,029 per month.
What is the average rent for a condo in New York?
The average rent for a condo in New York, NY is $3,925 per month.
Are rents going up or down in New York?
Rents in New York, NY are increasing, with prices up 3.1% year-over-year and $129 more per month.
What rent range is most common in New York?
In New York, NY, 85% of apartments fall above $2,000/month, though prices may vary depending on location and other factors.
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 June 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.