What is the median rent in New York City, NY?

Name: Median rent in New York City, NY, 2020–2024
Creator: US Census Bureau
License: https://www.census.gov/data/developers/about/terms-of-service.html

The median gross rent in New York City, NY is $1,821 (±$7) a month, according to the US Census Bureau’s 2020–2024 American Community Survey.

That is across 2,182,663 rented homes; gross rent is the contract rent plus the utilities and fuels a renter pays separately.

In New York City, the median gross rent went from $1,443 in 2015–2019 to $1,821 in 2020–2024 (+26.2%).

Prices (CPI-U) rose 22.7% over the same years, so it rose faster than prices: a measurable increase after inflation.

Figures last updated on November 12, 2026.

Median gross rent: $1,821 (±$7)
Rented homes: 2,182,663 (±8,821)
$2,000 or more: 42.3%
Since 2015–2019: +26.2%

How much rent costs in New York City

Share of rented homes in each gross-rent range, 2020–2024
Monthly gross rent	New York City	New York	United States
Less than $500	8.1% (±0.2 points)	7.8%	6.3%
$500 to $999	9.7% (±0.2 points)	15.2%	20.2%
$1,000 to $1,499	18.5% (±0.3 points)	22.2%	28.1%
$1,500 to $1,999	21.6% (±0.3 points)	19.8%	21.1%
$2,000 to $2,499	16.4% (±0.2 points)	14.3%	12.0%
$2,500 to $2,999	9.1% (±0.2 points)	7.6%	5.5%
$3,000 or more	16.8% (±0.2 points)	13.2%	6.8%

The most common range is $1,500 to $1,999, paid by 21.6% of renting households.

42.3% of rented homes in New York City cost $2,000 or more a month.

New York City against New York, its state and the nation

Estimate (90% margin of error)
	New York City	New York	United States
Median gross rent	$1,821 (±$7)	$1,621 (±$7)	$1,413
Rented homes paying rent	2,182,663 (±8,821)	3,406,652 (±12,095)	42,849,984

In New York City, median gross rent is higher than in New York ($1,621).

It is higher than the national figure ($1,413).

Statewide, it ranks 59 of 952.

Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.

How rent in New York City has changed since 2015–2019

2015–2019 and 2020–2024 American Community Survey 5-year estimates
	2015–2019	2020–2024	Amount of change	Verdict
Median gross rent	$1,443 (±$4)	$1,821 (±$7)	+26.2%	Up after inflation
Households that rent	67.3% (±0.2 points)	67.2% (±0.3 points)	−0.1 percentage points	Not a measurable change
Rental vacancy rate	3.4% (±0.1 points)	3.6% (±0.1 points)	+0.2 percentage points	Measurable increase

The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.

Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.

The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.

Median gross rent in places near New York City

Nearest places with a published estimate, compared with New York City
Place	Distance	Median gross rent	Compared with this place
New York City	—	$1,821 (±$7)	—
Hoboken	7.4 mi	$2,938 (±$129)	Higher
Jersey City	7.4 mi	$2,007 (±$39)	Higher
Weehawken Township	8.4 mi	$2,500 (±$313)	Higher
Union City	8.7 mi	$1,537 (±$48)	Lower
Bayonne	9.0 mi	$1,682 (±$47)	Lower
West New York Town	9.3 mi	$1,716 (±$56)	Lower
Guttenberg Town	9.6 mi	$1,677 (±$71)	Lower
Inwood	9.9 mi	$1,977 (±$163)	Not measurably different

Nearby places with a measurably lower figure: Union City, NJ ($1,537), Bayonne, NJ ($1,682), West New York Town, NJ ($1,716).

Nearby places with a measurably higher figure: Hoboken, NJ ($2,938), Jersey City, NJ ($2,007), Weehawken Township, NJ ($2,500).

Distance is measured in a straight line between the Census Bureau’s internal points for each place.

Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.

Margins of error are at the 90% confidence level.

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Questions about New York City

What is the average rent in New York City, NY?

The Census Bureau publishes the median rather than the average: the median gross rent in New York City is $1,821 (±$7) a month (2020–2024 American Community Survey), so half of renting households pay less and half pay more.

How much has rent gone up in New York City?

In New York City, the median gross rent went from $1,443 in 2015–2019 to $1,821 in 2020–2024 (+26.2%).

Prices (CPI-U) rose 22.7% over the same years, so it rose faster than prices: a measurable increase after inflation.

How many rentals in New York City cost more than $2,000 a month?

42.3% of rented homes in New York City have a gross rent of $2,000 or more a month, and 8.1% cost less than $500.

Is rent in New York City higher than in New York?

In New York City, median gross rent is higher than in New York ($1,621).

It is higher than the national figure ($1,413).

Is this the rent for an apartment listed today?

No: these are rents households reported paying across 2020–2024, not asking rents for vacant homes, which usually run higher.

Sources

To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) for New York city, New York (place:51000, in state:36).

Each estimate (E or PE) has a margin of error beside it (M or PM).

The 2015–2019 figures are B25064_001E, B25064_001M, DP04_0047PE, DP04_0047PM, DP04_0005E, DP04_0005M from the 2019 release.

The API needs a free key.

Request a Census API key.

DP04_0134E, DP04_0134M, DP04_0126E, DP04_0126M, DP04_0127PE, DP04_0127PM, DP04_0128PE, DP04_0128PM, DP04_0129PE, DP04_0129PM, DP04_0130PE, DP04_0130PM, DP04_0131PE, DP04_0131PM, DP04_0132PE, DP04_0132PM, DP04_0133PE, DP04_0133PM

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.