Today, New York City is one of the most expensive cities in the US in terms of cost of living in 2022. The rent of apartments and studios has risen significantly over the year (from July 2021 to July 2022). One-bedroom apartments have risen in price by 40.10% year on year. The average rental price for a one-bedroom apartment in New York City is $3,600 per month in July 2022. The prices for renting apartments with two bedrooms also increased significantly (+44.70% year on year). Consider the most expensive neighborhoods in New York City with the highest rental prices for one-bedroom apartments. NoMad is the most expensive neighborhood in NYC (in July 2022). According to our data, the average price for renting a one-bedroom apartment is $5,965 per month. The top five most expensive neighborhoods in New York City also included Soho ($5,900/per month), Flatiron District ($5,600/per month), Tribeca ($5,350) and Bowery ($5,325).