Average Rent Prices in New York (NY)
$1,7471
Average
$1,2521
Studio
$1,3771
1BR
$1,6811
2BR
$2,1001
3BR
$2,3281
4BR
🪄 RentalRealEstate Quick Answer
New York’s average fair market rent is $1,747/month, ranking 15th among US states highest rent prices and 12.63% above the $1,551 national average. This page covers New York’s statewide rent averages by bedroom count, metro-area rent comparisons, and rent context versus neighboring states and national benchmarks.
As of 2026, the overall average fair market rent for a residential rental property in New York is $1,747. Average rent prices in New York sit just above the national average rent of $1,551, in which New York ranks as the 15th highest rent among all 50 states and the 36th 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
15th
Highest Rent Among 50 States
36th
Lowest Rent Among 50 States
Above
The National Rent Average
$196
Per Month Above National Rent Average
12.63%
Per Month Above National Rent Average
Average Rent Prices in New York (NY) Visual Chart
Studio
A one-room unit with a private bathroom.
1BR
A unit that has a separate bathroom and a separate bedroom.
2BR
A unit that has two separate and distinct bedrooms.
3BR
A unit that has 3 separate and distinct bedrooms.
4BR
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 | 1217 | 1417 | 1702 | 2041 | 2253 |
| 2 | Binghamton, NY MSA | 783 | 868 | 1103 | 1412 | 1622 |
| 3 | Buffalo-Cheektowaga, NY MSA | 1105 | 1139 | 1343 | 1640 | 1869 |
| 4 | Elmira, NY MSA | 949 | 978 | 1283 | 1606 | 1713 |
| 5 | Glens Falls, NY MSA | 1041 | 1066 | 1348 | 1742 | 1785 |
| 6 | Ithaca, NY MSA | 1263 | 1466 | 1753 | 2102 | 2624 |
| 7 | Kingston, NY MSA | 1303 | 1386 | 1818 | 2245 | 2407 |
| 8 | Kiryas Joel-Poughkeepsie-Newburgh, NY MSA | 1364 | 1549 | 1979 | 2511 | 2694 |
| 9 | Nassau-Suffolk, NY HUD Metro FMR Area | 1992 | 2379 | 2747 | 3563 | 3768 |
| 10 | New York, NY HUD Metro FMR Area | 2529 | 2655 | 2910 | 3644 | 3959 |
| 11 | Rochester, NY MSA | 1116 | 1256 | 1573 | 1895 | 2083 |
| 12 | Syracuse, NY MSA | 995 | 1123 | 1392 | 1691 | 1848 |
| 13 | Utica-Rome, NY MSA | 899 | 926 | 1172 | 1405 | 1623 |
| 14 | Watertown-Fort Drum, NY MSA | 969 | 1071 | 1405 | 1907 | 2340 |
| 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 2026.
Year-Over-Year Changes in New York (NY) Rent Prices
7.44%
or
$121
Year-Over-Year Increase
$1,6261
2025 Average Historical Rent Price
$1,7471
2026 Average Current Rent Price
$1,8771
2027 Projected Average Rent Price
Based on average of Fair Market Rents (FMRs) for 0-4 bedroom residential rental units throughout United States excluding Puerto Rico for calendar year 2025, 2026, and estimated 2027 projection.
New York (NY) Rental Real Estate Resources
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New York Rental Property Insurance
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New York Rental Property Loans
New York rental property loans provide investors with financing options to buy, refinance, or improve properties in a state famous for its dynamic real estate markets and iconic urban centers.
New York Rental Lease Agreements
Residential rental agreement templates in New York provide a standardized format for detailing the terms of a rental arrangement, including rent, lease duration, and obligations for landlords and tenants.
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New York (NY) Rent Price Calculators
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Average Rent Prices in Other US States 2026
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:
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1Based on average of Fair Market Rents (FMRs) for 0-4 bedroom residential rental units throughout the United States, excluding Puerto Rico.
Methodology
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.
Data
Rent prices are based on aggregated data from one and/or several sources noted below:
Disclaimer
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.