Average Rent In New York For February 2020

By Chris Kolmar | HomeSnacks | Updated: 2020-02-23
$3,200
Average Rent
$2
Average $/sqft

What is the average rent in New York?

According to the most recent data from Zillow, the average rent in New York for February 2020 is $3,200. With an averge apartment size of 1,600 sqft, the average price per square foot in New York is $2.

Compared to the national average of $1,650, New York rent costs 93.9% 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:

Richest Cities In New York

How Does New York Rent Compare To The Rest Of The Country?

StatisticNYUSA% Difference
Average Rent $3,200$1,650 93.9%
Average $/sqft $2$1.135 76.2%
M-o-M Change $200$0 inf%
Y-o-Y Change $50$5 900.0%
M-o-M % Change 6.7%0.0% -
Y-o-Y % Change 1.6%0.3% -

Median Rent By Bedrooms In New York

$2,500
Studio
$2,100
1-Bedroom
$2,300
2-Bedroom
$2,500
3-Bedroom
$0
4-Bedroom

As you would expect, the median price for rent in New York increases as the number of bedrooms in the unit increases. Studios rent the cheapest in New York clocking in at $2,500, while a four bedroom rental will set you back $0 per month.

We think the best deal comes in the form of a two bedroom for $2,300 per month, however.

Read on to find out more or for more on New York check out:

Month Over Month New York Rent Statistics

$200
M-o-M Increase
6.7%
M-o-M Increase

New York has experienced a $200 change in rent over the past month going from $3,000 to $3,200. That change comes out to 6.7%.

For reference, the US national average rent changed $0 in the past month or 0.0%.

Here's a look at the month over month change for each month since 2010 for New York:

Year Over Year New York Rent Statistics

$50
Y-o-Y Increase
1.6%
Y-o-Y Increase

Over the past year, the average rent in New York changed $50 from $3,150 to $3,200. A change of $50 means that rents changed 1.6% in a year.

That compares to the US national change of $5 in the past year or 0.3%.

Here's a look at the year over year change by month since 2011 for New York:

The 10 Places With The Highest Rent In New York

Scarsdale, NY

Population: 17,856
Median Rent: $3,303
More on Scarsdale: Real Estate | Data | Photos

Bronxville, NY
Source: Public domain

Population: 6,428
Median Rent: $2,937
More on Bronxville: Real Estate | Data | Photos

Garden City, NY
Source: Public domain

Population: 22,699
Median Rent: $2,864
More on Garden City: Real Estate | Data | Photos

Manorhaven, NY
Source: Public domain

Population: 6,627
Median Rent: $2,423
More on Manorhaven: Real Estate | Data | Photos

Massapequa Park, NY

Population: 17,223
Median Rent: $2,402
More on Massapequa Park: Real Estate | Data | Photos

Pelham Manor, NY

Population: 5,634
Median Rent: $2,378
More on Pelham Manor: Real Estate | Data | Photos

Harrison, NY
Source: Public domain

Population: 28,319
Median Rent: $2,287
More on Harrison: Real Estate | Data | Photos

Rye, NY

Population: 16,004
Median Rent: $2,286
More on Rye: Real Estate | Data | Photos

New Hempstead, NY

Population: 5,359
Median Rent: $2,100
More on New Hempstead: Real Estate | Data | Photos

Sea Cliff, NY
Source: Public domain

Population: 5,085
Median Rent: $2,090
More on Sea Cliff: Real Estate | Data | Photos

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.

Average Rent By State

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