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Rooms for Rent Market Summary in New York, NY
Median Rent
$3,995
Year-Over-Year Change
2%↑
of Apartments & Rooms for Rent
Hundreds
Rent Ranges in New York, NY
Occupied Housing Units in New York, NY
66%
Renter-occupied Households
34%
Owner-occupied Households
Average Rent in New York, NY
Last updated: September 22, 2023
Over the past month, the average rent for a 1-bedroom apartment remained flat. Below is the price trend for a 1-bedroom apartment.
Co-Living & Rooms for Rent in NYC
The percentage of double-up renters in NYC is higher than the national average. The national average of renters living with roommates is 30 percent, compared to New York's nearly 40 percent!
As the percentage of household income devoted to rent rises, so does the number up doubled-up households. In NYC, as affordability worsens, people are driven more and more to either reside with family members or to seek out roommates.
As of July 2023, the average rent for a 1-bedroom apartment in New York, NY is $3,995. This is a 2% increase compared to the previous year.
Average Rent in New York, NY
| Neighborhood | Median Rent |
|---|---|
| Upper East Side | $3,805 |
| Theater District | $4,451 |
| Financial District | $3,400 |
| Midtown West | $4,400 |
| Upper West Side | $4,584 |
| Murray Hill | $4,650 |
| Midtown East | $4,500 |
| Chelsea | $5,584 |
| Kips Bay | $4,267 |
| NoMad | $5,588 |
| Long Island City | $4,140 |
| Tribeca | $5,400 |
| Lower East Side | $4,275 |
| Central Harlem | $2,500 |