Average Rent Prices in New York (NY)
As of 2023, the overall average fair market rent for a residential rental property in New York is $1,456. 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.
1Based on average of Fair Market Rents (FMRs) for 0-4 bedroom residential rental units throughout the United States, excluding Puerto Rico.
Average Rent Prices in New York (NY) Visual Chart
Average Rent Prices in New York (NY) by Metro Area
|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|
Based on average of Fair Market Rents (FMRs) for 0-4 bedroom residential rental units throughout United States excluding Puerto Rico for calendar year 2023.
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