Median rent in New York was $1,634 a month in 2024, up from $1,309 in 2019: +25% over five years, about +4.5% a year. From 2023 to 2024 it moved +4.7%.
Rent by bedroom count
| Bedrooms | Median gross rent |
|---|---|
| Studio | $1,534/mo |
| 1 bedroom | $1,530/mo |
| 2 bedrooms | $1,634/mo |
| 3 bedrooms | $1,852/mo |
| 4 bedrooms | $2,049/mo |
Rent in New York's largest cities
| City | 2019 | 2024 | Change |
|---|---|---|---|
| New York, NY | $1,483/mo | $1,811/mo | +22% |
| Buffalo, NY | $807/mo | $1,142/mo | +42% |
| Yonkers, NY | $1,460/mo | $1,789/mo | +23% |
| Rochester, NY | $847/mo | $1,090/mo | +29% |
HUD Fair Market Rents for FY2027
| HUD area | FY2026 | FY2027 | Change |
|---|---|---|---|
| Buffalo-Cheektowaga, NY | $1,343/mo | $1,423/mo | +6.0% |
| New York, NY | $2,910/mo | $2,971/mo | +2.1% |
| Rochester, NY | $1,573/mo | $1,416/mo | -10.0% |
Fair Market Rents are HUD's 40th-percentile rent for recent movers, set for the fiscal year (FY2027 runs October 2026 to September 2027). They point to where rents for new leases are heading, area by area.
Sources: U.S. Census Bureau, American Community Survey 1-year estimates (2019, 2023, 2024); medians are shown only when their margin of error is within 10%. HUD Fair Market Rents, FY2026 and FY2027. How Predictye calculates this.
Frequently asked questions
What is median rent in New York?
$1,634 a month in 2024, including utilities, from the Census Bureau's American Community Survey.
How much has rent gone up in New York?
Median rent rose from $1,309 in 2019 to $1,634 in 2024, +25% in total or about +4.5% a year.
Which New York city has the highest rent?
Among the 4 cities of 150,000+ people, New York, NY at $1,811 a month; the lowest is Rochester, NY at $1,090.