Apartments & Condos for Rent in New York

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What to Know About

Living in New York

New York state is known for its iconic skyscrapers, cultural diversity, and history. Visit notable museums, such as the Metropolitan Museum of Art, the American Museum of Natural History, and the Museum of Modern Art, to learn about the state's cultural heritage. New York is also home to prestigious universities like Columbia University, Cornell University, and New York University. The theater and art scene also thrive in New York, with world-renowned museums and performance centers in NYC like the Metropolitan Museum of Art, Lincoln Center, and Carnegie Hall.

From the breathtaking peaks of the Adirondack and Catskill Mountains to the scenic beauty of the Finger Lakes, outdoor enthusiasts will find plenty to explore. In terms of sports, New York is home to many professional teams like the New York Giants (NFL), Buffalo Bills (NFL), New York Rangers (NHL), New York Yankees (MLB), New York Mets (MLB), the New York Knicks (NBA), and Brooklyn Nets (NBA). In addition, embrace famous attractions like the Empire State Building, Statue of Liberty, Central Park, and Niagara Falls.

New York offers a high quality of life, a strong economy, and a rich cultural heritage, making it a great place to live.

Rental Market Trends

New York

As of April 2025, New York's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. New York's average rent is 21.4% ($382) higher than the U.S. average of $1,788.

Average Rent
$2,170
Monthly ChangeMonth Over Month Change
Decreased0.5% ($12)
Yearly ChangeYear Over Year Change
Decreased6.2% ($144)
Avg. Days on MarketAverage Days on Market
38
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $2,164 Increased0.3% ($7) Increased6.4% ($130)
2 Beds $2,504 Increased1.3% ($33) Increased4.7% ($112)
3 Beds $3,106 Decreased0.6% ($18) Increased2.1% ($63)
Top Markets in New York Average Rent Avg. Rent vs. NYAverage Rent vs. New York Avg. Days on MarketAverage Days on Market
New York $5,114 Increased135.7% ($2944) 36 days
Brooklyn $4,403 Increased102.9% ($2233) 33 days
Bronx $3,525 Increased62.4% ($1355) 45 days
Rochester $1,442 Decreased33.5% ($728) 33 days
Buffalo $1,713 Decreased21.1% ($457) 32 days
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
New York Rental Market FAQs

Explore rental prices, market trends, and availability in New York.

The average rent in New York is $2,170 per month.
Apartments in New York typically rent for between $1,515 and $4,038 per month, with an average of $2,170 per month.
In New York, the average rent for a 1-bedroom apartment is $2,164 per month, for a 2-bedroom apartment, $2,504 per month, and a 3-bedroom apartment is $3,106 per month.
The average rent in New York is 21.4% ($382) higher than the national average of $1,788 per month.
The average rent in New York has decreased by 0.5% ($12) in the last month and decreased by 6.2% ($144) over the past year.
The rental market in New York, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.
In New York, the average rental stays on the market for approximately 38 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.
Based on the current averages, a household would need an annual income of $100,160 to comfortably afford a 2-bedroom apartment in New York.
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