Series: City Guides

Price Guide: The Average Rent in New York City

Posted on Aug 31, 2020

The Big Apple is one of the most sought-after places to live in the entire country — which typically comes with high NYC rent prices.

We peeked around the web and the most comprehensive list we found for the average rent in New York City came from Rent Hop. For this article, we’ll look at the average costs of one-bedroom apartments in the different areas of NYC along with what you can expect to find if you are a renter!

Alphabet City


Alphabet City is a neighborhood in the East Village, known to be laid back and residential with a mix of hip bars and restaurants.



A commercial neighborhood in the New York City area of Queens, Astoria is laid-back and known for its ethnic eateries and open-air beer garden.

Boerum Hill


Located in the northwestern portion of NYC’s Brooklyn, Boerum Hill boasts a village vibe and is lined with trees, brownstones, and townhouses.



No list covering average apartment rent in NYC would be complete without Brooklyn—the most populous borough that bursts with things to do, see, eat, and drink.



Bushwick is known for its industrial, artistic feel—located in Brooklyn, it’s home to converted warehouses, street art, and relatively affordable rental market.

Carroll Gardens


Filled with artisanal food shops and boutiques, Carroll Garden is known for its Italian-American roots and mix of families and young professionals.

Central Brooklyn


Central Brooklyn consists of a handful of different neighborhoods resting south, east, and southeast of Prospect Park.



Chelsea is Manhattan’s art district, home to the High Line park, world-class galleries, and a mix of luxury high rises and townhouses.

Clinton Hill


In north-central Brooklyn, the Clinton Hill neighborhood is filled with young families, single professionals, and a laid-back feel among residents.

Downtown Brooklyn


Downtown Brooklyn is the third-largest central business district in NYC and features a growing number of upscale high-rise apartment buildings.

Downtown Manhattan


Downtown Manhattan, also known as Lower Manhattan, is an exciting mix of business, government, and culture, a place steeped in history (and pricey NYC rent prices).

East Harlem


East Harlem has a strong Latinx, Caribbean, and African American community and an incredible array of colorful restaurants for its residents.

East Village


When it comes to average rent, New York’s East Village is on the higher side, yet it’s also filled with lounges, shops, eateries, and theater.

Financial District


Located in Lower Manhattan, FiDi is home to Wall Street, skyscrapers, and bustling streets filled with young professionals.

Flatiron District


Renting in the Flatiron District comes with high NYC rent prices, but it also comes with dynamic energy filled with food, shopping, and culture.

Fort George


In the northern point of Manhattan rests Fort George, home to one of the lowest average apartment rent in NYC and plenty of great views of the Hudson.

Fort Greene


Fort Greene is a family-friendly neighborhood that’s filled with trees, casual eateries, and Brooklyn Flea’s seasonal market.

Garment District


Also known as the Garment Center, this fashion district comes with high NYC rent prices—along with tons of fabric shops, textiles, and things to do for clothing enthusiasts.

Gramercy Park


A quiet residential area filled with beautiful brownstones, Gramercy Park is filled with stylish hotels, restaurants, and the gated Gramercy Park itself.

Greenwich Village


“The Village” was famously known for the 1960s counterculture movement and today, still is home to artists, writers, jazz clubs, and a friendly vibe.

Hamilton Heights


In the northern part of Manhattan, Hamilton Heights offers easy access to Columbia University and offers affordable prices for average apartment rent in NYC.

Hell's Kitchen


Also known as Clinton, this neighborhood is filled with eclectic restaurants and housing as well as world-famous Hell’s Kitchen.

Hudson Heights


Hudson Heights is a residential neighborhood of the Washington Heights area, home to many cooperative apartment buildings.

Hunters Point


Hunters point is a contemporary art hub and residential/commercial neighborhood with pretty standard NYC rent prices.



Located in Manhattan, Inwood is a community-oriented neighborhood bounded by the Hudson River.

Kips Bay


Kips Bay is known to be safe and quiet and sometimes flies under the radar, despite its busy Manhattan location.

Lincoln Square


Boasting one of the highest prices for the average rent in New York City, Lincoln Square is the premier place for opera, ballet, and symphony.

Long Island City


Filled with high-rises and stunning views of Manhattan, Long Island City appeals to local artists and young professionals.

Lower East Side


In the southeastern part of NYC, the Lower East Side is an eclectic spot with upscale apartments, music venues, and restaurants.



People pay top NYC rent prices to live in Manhattan itself, home to Central Park and Empire State Building, and the bright lights of Times Square.

Manhattan Valley


In the northern part of the Upper West Side, Manhattan Valley is home to pre-war buildings, new developments, and steep cliffs.

Midtown East


With a skyline that’s filled with the Chrysler Building and nearby Empire State Building, Midtown East boasts glamour and a high average apartment rent in NYC.

Midtown Manhattan


In the central portion of Manhattan, Midtown is filled with attractions, tours, shopping, and some of the city’s most prominent buildings.

Morningside Heights


Morningside Heights is primarily a residential neighborhood, which makes it a good spot for those looking for a dense, urban feel.

Murray Hill


Tree-lined streets, townhouses, and modern apartment buildings make Murray Hill a top pick for professionals and families.



Trendy, creative, and chic, NoHo boasts high rises, galleries, bars, and was once home to artists like Andy Warhol.



Luxury condo buildings make and top NYC rent prices make up what’s now known as NoMad, a place where posh hotels meet trendy bars.

Northeastern Queens


On Long Island, across from Manhattan, Northeastern Queens is home to historic architecture and beautiful green spaces.

Northern Brooklyn


Bordered by Queens, the East River, the Evergreen Cemetery and Central Brooklyn, Northern Brooklyn offers both apartments and homes for potential renters.

Northwestern Brooklyn


A blend of culture, young professionals, and college graduates, Northwestern Brooklyn seems to have something for everyone.

Northwestern Queens


With a good work commute and popular nightlife, Northwestern Queens is a good option for young professionals.

Park Slope


Boasting a typical average rent in New York City, Park Slope is known for its organic food markets and pedestrian-friendly sidewalks.

Prospect Lefferts Gardens


A residential neighborhood in the Flatbush area, Prospect Lefferts Gardens is a growing area with single-family homes, co-ops, and rental buildings.



Home to Flushing Meadows Corona Park and its 12-story 1964 World's Fair globe sculpture, Queens has both apartments and single-family homes for rent.

Rego Park


A middle-class neighborhood in central Queens, Rego Park boasts good schools and lots of opportunities for recreation.

Rose Hill


A historic neighborhood, Rose Hill is charming and timeless — home to residences, restaurants, and eclectic buildings.

South Slope


In Brooklyn, the South Slope area features a pretty standard average rent in New York City and brings along with it a laid-back and quiet atmosphere.

Southwestern Brooklyn


One of the areas for lower NYC rent prices, Southwestern Brooklyn is a good place to look for affordable rentals and an easy city commute.



Sunnyside rests in Queens and is known as a low-rise neighborhood with brick row houses, backyards, and views of Manhattan.

Sutton Place


Known as an affluent area, Sutton Place is cozy, quiet, and filled with stunning brownstones—giving it a high average apartment rent in NYC.

Theater District


For those who love Broadway, the Theater District is home to vibrant energy and a selection of apartments.



Hip, trendy, and lined with a cobblestone street, Tribeca—with its steep NYC rent prices—is highly sought after.

Turtle Bay


On the east side of Midtown Manhattan, Turtle Bay is a nice neighborhood with a cluster of townhouses and a unique history.

Upper East Side


The Upper East Side is fancy, filled with designer shops and a mix of classic brownstones and luxury high rises.

Upper Manhattan


Home to the Guggenheim Museum, Upper Manhattan boasts a sophisticated feeling with NYC rent prices that surprisingly, aren’t too shocking.

Upper West Side


Between Riverside and Central Park, the Upper West Side is filled with bistros, museums, and cozy housing.

Washington Heights


A hip area of NYC filled with plenty of young people, Washington Heights is friendly, affordable, and home to coffee shops, parks, and restaurants.

West Village


A high average rent in New York City, the West Village is fashionable, trendy, and draws people in with its designer boutiques.



Buzzy and bright with gorgeous views of Manhattan, Williamsburg has a reputation as one of the coolest spots in Brooklyn.



With low average apartment rent in NYC, Yonkers is home to majestic river views, options for entertainment, and parks.



Safe with a youthful feel, Yorkville is a popular choice among families and those who prefer a calm, peaceful environment.

When you’re trying to figure out where to move—and researching things like the average rent in Boston, average rent in Seattle, and average rent in San Francisco—it might surprise you that s ome areas of NYC aren’t too out of reach financially.

Remember, if you need a place to stay while you explore the real estate market and find your NYC dream spot, make sure to check out our New York furnished rentals.
From all of us at Zeus, best of luck on your NYC house hunt!

© 2020 All Rights Reserved