Midtown renters looking for the least expensive areas to rent should look for the areas towards the red end of the spectrum on the rent cost map. Those who don't mind paying for high-end and luxury apartments should seek out apartments in the purple and dark green areas.
Rental Price Key
On average, the cost of rent in Midtown is about $2,490 per month. This puts it in the 93rd percentile compared to the city average cost of rent, which is $1,818. Households in Midtown have a median income of $10,005 per month so the average renter in Midtown is spending roughly 25% of their earnings on housing.
Nationally, and in Midtown, home values are the data point most closely correlated with the cost of rent. The median price of a home in Midtown is $1,290,594 right now, which is lower than neighborhoods nearby, meaning that rents in Midtown also tend to be lower versus these nearby neighborhoods.
Higher rent prices are common in the northeastern parts of Midtown while lower rent rates are often available in southwestern areas.
Nearby Neighborhoods
- Garment District, New York, NY: more expensive rent prices
- Murray Hill, New York, NY: more expensive rent prices
- North Sutton Area, New York, NY: more expensive rent prices
- Clinton, New York, NY: more expensive rent prices
- Upper East Side, New York, NY: more expensive rent prices
- Chelsea, New York, NY: less expensive rent prices
- Gramercy, New York, NY: more expensive rent prices
- Roosevelt Island, New York, NY: more expensive rent prices
- Upper West Side, New York, NY: less expensive rent prices
- Carnegie Hill, New York, NY: more expensive rent prices
Neighborhoods with Similar Populations
- Enterprise, Las Vegas, NV: less expensive rent prices
- Pottage Park, Chicago, IL: less expensive rent prices
- Central East Denver, Denver, CO: less expensive rent prices
- Sunnyside, Long Island City, NY: less expensive rent prices
- Rancho Penasquitos, San Diego, CA: more expensive rent prices
- Cedar Crest, Dallas, TX: less expensive rent prices
- Pacoima, Los Angeles, CA: less expensive rent prices
- Flagami, Miami, FL: less expensive rent prices
- Greater Hilltop, Columbus, OH: less expensive rent prices
- Estrella, Phoenix, AZ: less expensive rent prices
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