Murray Hill 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
Luxury
High-end
Mid-tier
Most affordable
On average, the cost of rent in Murray Hill is about $3,075 per month. This puts it in the 99th percentile compared to the city average cost of rent, which is $1,818. Households in Murray Hill have a median income of $11,808 per month so the average renter in Murray Hill is spending roughly 26% of their earnings on housing.
Nationally, and in Murray Hill, home values are the data point most closely correlated with the cost of rent. The median price of a home in Murray Hill is $1,151,483 right now, which is lower than neighborhoods nearby, meaning that rents in Murray Hill also tend to be lower versus these nearby neighborhoods.
Higher rent prices are common in the southeastern parts of Murray Hill while lower rent rates are often available in northeastern areas.
Nearby Neighborhoods
- Garment District, New York, NY: less expensive rent prices
- Gramercy, New York, NY: less expensive rent prices
- Midtown, New York, NY: less expensive rent prices
- North Sutton Area, New York, NY: less expensive rent prices
- Chelsea, New York, NY: less expensive rent prices
- Clinton, New York, NY: less expensive rent prices
- East Village, New York, NY: less expensive rent prices
- Greenwich Village, New York, NY: less expensive rent prices
- Roosevelt Island, New York, NY: less expensive rent prices
- West Village, New York, NY: less expensive rent prices
Neighborhoods with Similar Populations
- Powellhurst-Gilbert, Portland, OR: less expensive rent prices
- South Boulevard Park Row, Dallas, TX: less expensive rent prices
- West Pullman, Chicago, IL: less expensive rent prices
- West Englewood, Chicago, IL: less expensive rent prices
- Greater Inwood, Houston, TX: less expensive rent prices
- Forest Park, Springfield, MA: less expensive rent prices
- Highland Hills, San Antonio, TX: less expensive rent prices
- Centennial, Portland, OR: less expensive rent prices
- North End, St. Paul, MN: less expensive rent prices
- Eagle Ford, Dallas, TX: less expensive rent prices
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