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 40.1% ($721) higher than the U.S. average of $1,799.

Average Rent
$2,520
Monthly ChangeMonth Over Month Change
Increased16.1% ($350)
Yearly ChangeYear Over Year Change
Increased12.4% ($278)
Avg. Days on MarketAverage Days on Market
38
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $2,183 Increased0.9% ($19) Increased6.9% ($141)
2 Beds $2,502 Decreased0.1% ($2) Increased6.1% ($144)
3 Beds $2,899 Decreased6.7% ($207) Decreased0.8% ($24)
Top Markets in New York Average Rent Avg. Rent vs. NYAverage Rent vs. New York Avg. Days on MarketAverage Days on Market
New York $4,962 Increased96.9% ($2442) 36 days
Brooklyn $4,088 Increased62.2% ($1568) 33 days
Bronx $3,461 Increased37.3% ($941) 45 days
Rochester $1,469 Decreased41.7% ($1051) 33 days
Buffalo $1,771 Decreased29.7% ($749) 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 $2,520 per month.
Apartments in New York typically rent for between $1,528 and $3,769 per month, with an average of $2,520 per month.
In New York, the average rent for a 1-bedroom apartment is $2,183 per month, for a 2-bedroom apartment, $2,502 per month, and a 3-bedroom apartment is $2,899 per month.
The average rent in New York is 40.1% ($721) higher than the national average of $1,799 per month.
The average rent in New York has increased by 16.1% ($350) in the last month and increased by 12.4% ($278) 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 $100,080 to comfortably afford a 2-bedroom apartment in New York.
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