logo

The 5 Most and Least Expensive Neighborhoods to Rent in New York City Right Now

Lilly Milman

By Lilly Milman

Nov 12, 2024


On Tuesday, November 1, we published our monthly National Rent Report analyzing 100 major cities in the U.S. — and at $3,395 a month, New York, NY was ranked as the No. 1 most expensive city to rent a one-bedroom apartment in the country.

In this report, we wanted to take a deeper look into which neighborhoods are driving the price hikes in New York City and which are offering renters some relief. Read on to find out the top 5 most and least expensive neighborhoods to rent in New York City right now.

The Most Expensive Neighborhoods to Rent in New York City

In September, the most expensive neighborhood to rent a one-bedroom apartment in New York City was TriBeCa, at $6,586 a month. Known for its charming cobblestone streets, loft-style apartments that offer signficantly more space than most Manhattan neighborhoods, and high-end shopping and restaurant cultures, TriBeCa (short for "Triangle Below Canal Street") is consistently one of the most expensive neighborhoods in NYC. It is also home to a number of A-list celebrities. Typically, neighborhoods in Manhattan are more expensive than those in other boroughs.

Below, you’ll find the top 5 most expensive neighborhoods to rent in New York City right now.

NeighborhoodMedian Rent - StudioMedian Rent - 1 BRMedian Rent - 2BRMedian Rent - 3BR
Tribeca$4,695$6,586$11,750$19,748
Dumbo$3,773$4,998$7,431$13,090
Chelsea$3,740$4,995$7,658$11,574
Gramercy$3,490$4,900$7,000$11,419
West Village$3,700$4,895$6,800$13,000

The Least Expensive Neighborhoods to Rent in New York City

While every neighborhood in NYC will run you rates higher than the national median, there are some neighborhoods that are more affordable than others. Currently, the neighborhoods with the lowest median asking rent for a one-bedroom apartment in New York City that we looked at are Briarwood, Fort Hamilton, and Bay Ridge at $1,995 a month. This is the only neighborhood in the New York City area that we looked at that had a median one-bedroom monthly rent below $2,000 a month.

Below, you’ll find the 5 most affordable neighborhoods to rent in New York City right now.

NeighborhoodMedian Rent - StudioMedian Rent - 1 BRMedian Rent - 2BRMedian Rent - 3BR
Briarwood$1,775$1,995$2,348$3,300
Fort Hamilton$1,850$1,995$2,600$3,300
Bay Ridge$1,745$1,995$2,700$3,500
Inwood$1,825$2,025$2,536$2,925
Fort George$2,175$2,143$2,600$3,287

Receive monthly data drops like this in your inbox with our newsletter.

Subscribe on LinkedIn

The Full List of Neighborhoods in New York City and Their Rent Prices

Using our rental data, we’ve compiled a list of New York City neighborhoods and their median rent prices for studios, one-, two-, and three-bedroom apartments. For even more rental market data, check out our New York City Metro Report, updated daily. 

NeighborhoodMedian Rent - StudioMedian Rent - 1BRMedian Rent - 2BRMedian Rent - 3BR
Alphabet City$2,917$3,499$4,486$5,995
Astoria$2,340$2,500$3,100$3,700
Battery Park City$3,894$4,815$8,050$13,500
Bay Ridge$1,745$1,995$2,700$3,500
Bedford–Stuyvesant$2,350$2,700$3,200$3,674
Boerum Hill$3,250$3,534$4,750$8,500
Briarwood$1,775$1,995$2,348$3,300
Brooklyn Heights$3,195$3,850$6,000$11,498
Bushwick$2,673$2,870$3,209$3,800
Carroll Gardens$2,737$3,412$4,600$5,916
Chelsea$3,740$4,995$7,658$11,574
Chinatown$2,920$2,800$3,741$5,579
Clinton Hill$2,950$3,383$4,350$5,500
Cobble Hill$2,868$3,212$4,914$7,275
Crown Heights$2,500$2,774$3,100$4,000
Ditmars Steinway$1,900$2,300$2,950$3,950
Downtown$3,597$4,556$7,197$10,624
Dumbo$3,773$4,998$7,431$13,090
East Flatbush$2,198$2,408$2,871$3,325
East Harlem$2,415$2,657$3,029$3,795
East Village$2,869$3,500$4,777$6,550
East Williamsburg$3,650$3,400$3,800$4,458
Financial District$3,712$4,857$7,023$9,300
Flatbush$2,100$2,411$2,887$3,350
Flushing$1,850$2,172$3,085$3,550
Forest Hills$1,948$2,505$3,390$4,248
Fort George$2,175$2,143$2,600$3,287
Fort Greene$3,270$4,030$4,300$6,000
Fort Hamilton$1,850$1,995$2,600$3,300
Gramercy$3,490$4,900$7,000$11,419
Greenpoint$3,395$3,997$5,200$5,404
Greenwich Village$3,500$4,795$6,750$13,000
Greenwood Heights$2,227$2,600$3,137$3,700
Harlem$2,250$2,550$3,100$3,895
Hell's Kitchen$3,463$4,000$5,241$6,000
Inwood$1,825$2,025$2,536$2,925
Jackson Heights$1,899$2,295$2,775$3,586
Kensington$2,003$2,250$2,925$3,500
Kew Gardens$1,824$2,350$2,962$3,100
Kips Bay$3,000$3,906$5,353$6,891
Long Island City$3,348$3,964$5,680$7,426
Lower East Side$2,742$3,400$4,350$5,995
Midtown$3,400$4,500$6,190$7,568
Midwood$1,747$2,375$2,948$3,758
Murray Hill$3,250$4,441$5,893$7,400
Nolita$3,998$3,995$5,491$6,383
Park Slope$2,898$3,273$4,417$6,400
Prospect Heights$3,342$3,500$4,250$5,177
Prospect Lefferts Gardens$2,511$2,722$3,000$3,999
Rego Park$1,900$2,750$3,037$4,000
Ridgewood$2,249$2,500$2,900$3,567
Soho$3,298$4,408$12,995$18,500
South Slope$2,662$3,313$4,148$4,925
Stuyvesant Town$4,872$5,874$6,727
Sunnyside$1,999$2,378$3,033$3,375
Sunset Park$2,400$2,399$2,858$3,249
Tribeca$4,695$6,586$11,750$19,748
Two Bridges$4,575$4,575$7,356
Upper East Side$2,600$3,500$5,200$8,917
Upper West Side$2,800$4,000$6,084$8,745
Washington Heights$2,103$2,300$2,659$3,390
West Village$3,700$4,895$6,800$13,000
Williamsburg$3,513$4,000$4,600$5,500
Woodside$2,070$2,186$2,850$3,500

Where Does This Data Come From?

To generate our rent data, ApartmentAdvisor analyzes rental listings available on our platform, sourced from multiple listing syndication partners. We take all the unique apartments that were available for any amount of time during a time period, deduplicate them by unit type, and remove unreliable listings. We also use a minimum threshold of units for cities to ensure that data is accurate. Luxury bias is removed by focusing on median figures instead of average rent price.

For more rent data, check out our New York City Market Report, updated daily.

Can ApartmentAdvisor Help Me Find an Apartment in New York City?

Yes! Started by the founders behind Tripadvisor and CarGurus, ApartmentAdvisor combines smart technology with expert local guidance to make your apartment search easier at every step, from finding the right apartment to signing your lease. Click here to learn more and get started.

We rate and sort every listing based on fair market rent.

Start your search

Top cities

Atlanta Apartments

2,147 apartments starting at $489/month

Austin Apartments

7,764 apartments starting at $585/month

Baltimore Apartments

1,446 apartments starting at $650/month

Boston Apartments

4,827 apartments starting at $800/month

Charlotte Apartments

3,436 apartments starting at $700/month

Chicago Apartments

5,340 apartments starting at $650/month

Dallas Apartments

5,528 apartments starting at $669/month

Fort Worth Apartments

2,753 apartments starting at $404/month

Houston Apartments

5,918 apartments starting at $425/month

Las Vegas Apartments

1,130 apartments starting at $695/month

Los Angeles Apartments

11,451 apartments starting at $700/month

Miami Apartments

503 apartments starting at $975/month

Milwaukee Apartments

952 apartments starting at $545/month

New York Apartments

8,476 apartments starting at $550/month

Oakland Apartments

827 apartments starting at $995/month

Orlando Apartments

877 apartments starting at $895/month

Philadelphia Apartments

3,146 apartments starting at $630/month

Phoenix Apartments

3,964 apartments starting at $695/month

Pittsburgh Apartments

1,292 apartments starting at $550/month

Portland Apartments

2,467 apartments starting at $495/month

Raleigh Apartments

1,693 apartments starting at $550/month

San Antonio Apartments

4,789 apartments starting at $400/month

San Diego Apartments

2,750 apartments starting at $650/month

San Francisco Apartments

768 apartments starting at $475/month

San Jose Apartments

488 apartments starting at $945/month

Seattle Apartments

3,422 apartments starting at $625/month

Tampa Apartments

757 apartments starting at $808/month

Washington DC Apartments

2,113 apartments starting at $910/month