New York Rental Market Trends
Last updated: April 22, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in New York is $2,584, a 15.75% decrease compared to the previous year, when the average rent was $3,067.
Studio Apartments at $2,746 offer the most budget-friendly option with 461 square feet, ideal for single renters prioritizing location over space.
One-bedroom apartments provide 726 square feet for $2,607, balancing privacy and affordability.
Two-beedroom units at $2,484 offer 1,017 square feet, perfect for roommates or small families.
Three-bedroom apartments deliver maximum space (1,330 sq ft) for $2,860, suitable for larger households.
Average rent in New York
Last updated: April 22, 2026
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $2,584 | 876 sq. ft. |
| Studio | $2,746 | 461 sq. ft. |
| 1 Bed | $2,607 | 726 sq. ft. |
| 2 Beds | $2,484 | 1,017 sq. ft. |
| 3 Beds | $2,860 | 1,330 sq. ft. |
New York rent trends
What's the typical rent budget in New York?
The largest share of rentals in New York (28%) fall between $3,000- per month. This suggests that most people succesfully find suitable apartments within this price.
Do most people rent or own in New York?
3,525,661 or 46% of the households in New York are renter-occupied while 4,196,985 or 54% are owner-occupied.
How New York Compares to Other States
| State | Average Rent | Average Apartment Size |
|---|---|---|
| Alabama | $1,318 | 991 sq. ft. |
| Arizona | $1,562 | 863 sq. ft. |
| Arkansas | $1,144 | 895 sq. ft. |
| California | $2,640 | 853 sq. ft. |
| Colorado | $1,818 | 876 sq. ft. |
| Connecticut | $2,149 | 897 sq. ft. |
| Delaware | $1,707 | 921 sq. ft. |
| District of Columbia | $2,457 | 748 sq. ft. |
| Florida | $1,971 | 982 sq. ft. |
| Georgia | $1,633 | 1,026 sq. ft. |
| Idaho | $1,670 | 929 sq. ft. |
| Illinois | $2,049 | 839 sq. ft. |
| Indiana | $1,337 | 908 sq. ft. |
| Iowa | $1,240 | 897 sq. ft. |
| Kansas | $1,323 | 909 sq. ft. |
| Kentucky | $1,324 | 932 sq. ft. |
| Louisiana | $1,259 | 924 sq. ft. |
| Maine | $2,057 | 837 sq. ft. |
| Maryland | $1,883 | 907 sq. ft. |
| Massachusetts | $2,832 | 881 sq. ft. |
| Michigan | $1,408 | 920 sq. ft. |
| Minnesota | $1,646 | 893 sq. ft. |
| Mississippi | $1,330 | 1,010 sq. ft. |
| Missouri | $1,351 | 901 sq. ft. |
| Montana | $1,697 | 886 sq. ft. |
| Nebraska | $1,351 | 934 sq. ft. |
| Nevada | $1,549 | 909 sq. ft. |
| New Hampshire | $2,146 | 877 sq. ft. |
| New Jersey | $2,414 | 871 sq. ft. |
| New Mexico | $1,404 | 836 sq. ft. |
| New York | $2,584 | 876 sq. ft. |
| North Carolina | $1,551 | 978 sq. ft. |
| North Dakota | $1,159 | 964 sq. ft. |
| Ohio | $1,337 | 901 sq. ft. |
| Oklahoma | $1,072 | 859 sq. ft. |
| Oregon | $1,742 | 845 sq. ft. |
| Pennsylvania | $1,797 | 889 sq. ft. |
| Rhode Island | $2,191 | 920 sq. ft. |
| South Carolina | $1,623 | 1,015 sq. ft. |
| South Dakota | $1,200 | 911 sq. ft. |
| Tennessee | $1,528 | 953 sq. ft. |
| Texas | $1,448 | 892 sq. ft. |
| Utah | $1,627 | 929 sq. ft. |
| Virginia | $1,993 | 923 sq. ft. |
| Washington | $2,027 | 829 sq. ft. |
| Wisconsin | $1,615 | 919 sq. ft. |
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Popular Cities in New York
- Apartments in Albany $1,735
- Apartments in Amityville $2,929
- Apartments in Bay Shore $2,426
- Apartments in Binghamton $1,781
- Apartments in Brooklyn $4,685
- Apartments in Buffalo $1,416
- Apartments in Canandaigua $1,747
- Apartments in Clifton Park $1,527
- Apartments in Cohoes $2,006
- Apartments in Farmington $1,821
- Apartments in Glen Cove $3,325
- Apartments in Halfmoon $1,615
- Apartments in Hudson Valley $2,627
- Apartments in Ithaca $2,288
- Apartments in Kingston $1,729
- Apartments in Lindenhurst $2,684
- Apartments in Manhattan $5,324
- Apartments in Mount Vernon $2,176
- Apartments in New Paltz $1,948
- Apartments in New Rochelle $2,881
- Apartments in New York City $4,872
- Apartments in Niagara Falls $1,062
- Apartments in North Tonawanda $1,904
- Apartments in Peekskill $2,505
- Apartments in Port Chester $2,676
- Apartments in Poughkeepsie $1,961
- Apartments in Queens $3,906
- Apartments in Rochester $1,519
- Apartments in Saratoga Springs $2,227
- Apartments in Schenectady $1,463
- Apartments in Syracuse $1,720
- Apartments in Troy $1,581
- Apartments in Victor $1,915
- Apartments in White Plains $3,434
- Apartments in Yonkers $2,662
Where this data comes from
The rental statistics on this page were compiled by RentCafe.com, a nationwide apartment search website trusted by millions of renters to find apartments and houses for rent throughout the U.S.
Rent prices, trends, and apartment sizes were calculated based on data from our sister company, Yardi Matrix, an apartment market intelligence solution that covers approximately 90% of the U.S. metro area population. The data includes comprehensive information on all New York apartment buildings with 50 or more units, totaling 23.5 million apartments across 181 U.S. markets.
Housing composition data was sourced from the U.S. Census Bureau, using the most recently available information by tenure.