New York County 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.

New York County, NY map of rent costs by neighborhood

Rental Price Key

Luxury
High-end
Mid-tier
Most affordable

 


On average, the cost of rent in New York County is about $2,081 per month. This puts it in the 98th percentile compared to the state average cost of rent, which is $1,589. Households in New York County have a median income of $8,257 per month so the average renter in New York County is spending roughly 25% of their earnings on housing.

Nationally, and in New York County, home values are the data point most closely correlated with the cost of rent. The median price of a home in New York County is $1,236,328 right now, which is higher than counties nearby, meaning that rents in New York County also tend to be higher versus these nearby counties.

Higher rent prices are common in the central parts of New York County while lower rent rates are often available in northeastern areas.

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