New York (NY) Average Rent Prices 2024

Average Rent Prices in New York (NY)











New York (NY) Rent Prices

As of 2024, the overall average fair market rent for a residential rental property in New York is $1,618. Average rent prices in New York sit above the national average rent of $1,274, in which New York ranks as the 14th highest rent among all 50 states and the 37th lowest rent among all 50 states within the United States. In New York’s large metropolitan areas such as New York, NY, the average rent prices tend to be higher, while alternative areas such as Syracuse, NY, can provide more affordable options.

New York (NY) National Rent Rankings


Highest Rent Among 50 States


Lowest Rent Among 50 States


The National Rent Average

Average Rent Prices in New York (NY) Visual Chart


A one-room unit with a private bathroom.


A unit that has a separate bathroom and a separate bedroom.


A unit that has two separate and distinct bedrooms.


A unit that has 3 separate and distinct bedrooms.


A unit that has 4 separate and distinct bedrooms.

Fair Market Rent

Gross rent estimate for a standard rental unit in a given market.

Average Rent Prices in New York (NY) by Metro Area

wdt_ID Metro Studio 1BR 2BR 3BR 4BR
1 Albany-Schenectady-Troy, NY MSA 968 1.079 1.313 1.598 1.764
2 Binghamton, NY MSA 725 758 964 1.261 1.366
3 Buffalo-Cheektowaga-Niagara Falls, NY MSA 869 908 1.069 1.309 1.470
4 Elmira, NY MSA 808 810 1.039 1.333 1.481
5 Glens Falls, NY MSA 790 896 1.119 1.451 1.503
6 Ithaca, NY MSA 1.187 1.276 1.487 1.890 1.998
7 Kingston, NY MSA 1.089 1.155 1.498 1.961 2.185
8 Nassau-Suffolk, NY HUD Metro FMR Area 1.536 1.914 2.297 2.952 3.245
9 New York, NY HUD Metro FMR Area 2.123 2.170 2.451 3.078 3.316
10 Poughkeepsie-Newburgh-Middletown, NY MSA 1.126 1.233 1.583 2.016 2.238
11 Rochester, NY HUD Metro FMR Area 839 950 1.186 1.443 1.593
12 Syracuse, NY MSA 801 897 1.109 1.367 1.579
13 Utica-Rome, NY MSA 755 759 955 1.162 1.376
14 Watertown-Fort Drum, NY MSA 816 928 1.221 1.650 1.951
15 Westchester County, NY Statutory Exception Area 1.436 1.669 2.029 2.515 2.782
16 Yates County, NY HUD Metro FMR Area 667 757 997 1.333 1.339
Metro Studio 1BR 2BR 3BR 4BR

Based on average of Fair Market Rents (FMRs) for 0-4 bedroom residential rental units throughout United States excluding Puerto Rico for calendar year 2024.

New York (NY) Residential Rental Agreements

New York (NY) residential lease agreement is a rental property document that includes the terms and conditions between a landlord who rents the property and the tenant in the state of New York. The contract outlines essential information, such as rent amount, applicable late fees, grace periods, and landlord-tenant responsibilities.

Average Rent Prices in Other US States 2024

Rent prices for each state across the United States can greatly vary. Click on a State below to see the specific fair market residential rent prices for that state:

The Ultimate Guide to Rent Payments

Rental Property Rent Payments

Rent payments are the financial lifeblood for rental properties, but require fair and competitive pricing and effective collections.

The Ultimate Guide to Security Deposits

Rental Property Security Deposits

Security deposits play a key role in risk mitigation against potential tenant-related damages or contractual breaches.

The Ultimate Guide to Rental Utilities

Rental Property Utilities

Rental property utilities whether they are included or not, represent a significant consideration for both landlords and tenants.

Average Rent in the United States

Average Rent in the United States

Average rent prices across the United States provide excellent insights into highs, lows, and emerging market trends.

Cheapest Rent in the United States

The cheapest rent in the U.S. is an appealing topic for thrifty tenants and investors seeking lower price point properties.

Most Expensive Rent in the United States

It’s no secret that rents have been continually on the rise, but where are rents really the highest in the United States?

Rental Property Calculators

Our rental property calculators help you easily calculate common metrics such as rent increases, late fees, and more. Click on a calculator or button below to start using them for free – no sign up required.

1Based on average of Fair Market Rents (FMRs) for 0-4 bedroom residential rental units throughout the United States, excluding Puerto Rico.


Areas with insufficient inventory or populations less than 25,000 were excluded from this analysis. Averages are based on the combined average of 0-4 bedroom residential rental properties throughout the United States excluding Puerto Rico.


Rent prices are based on aggregated data from one and/or several sources noted below:


The information included is used for illustrative purposes only. The data contained herein does not constitute financial, legal, or any material advice. Data is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals before making any material decisions.

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