Over the year, the average cost of renting a one-bedroom apartment in New York City has risen in price by about 37%. As of May 2022, the rent for a one-bedroom apartment is $3,420. The most expensive neighborhoods in New York include NoMad, Soho and Flatiron District. The average cost of renting a one-bedroom apartment in these areas is around $5,500-6,000 per month.
New York, NY (May 2022) median 1 bedroom rent price
Average monthly rent for 1 bedroom apartment = $3,420