Rental Market Trends in New York
$3,036/month
Average Rent
+2.5%
Increase in the Last Year
+$74
Average Price Increase
Ranked 1st
Most Expensive Rent by State
39,609
Available Rentals
Cheektowaga, NY
City with the Lowest Rent
What is the average rent in New York?
As of May 2026, the average rent in New York is $3,036/month. When you rent an apartment in New York, you can expect some variability depending on the region. For instance, metropolitan areas may have higher rents than smaller towns and rural areas. In general, you can expect to pay about $2,778 per month for a studio, $3,036 for a one-bedroom apartment, and around $3,641 for a two-bedroom apartment in New York. If you opt for a three-bedroom rental, you could pay $5,270 or more.
Rent by City
What are the most affordable cities in New York?
Based on current rent prices, the cheapest cities in New York to live are Cheektowaga, Irondequoit and Utica.
Nearby State Markets
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Methodology
† Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
State graphics provided by ProPublica
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