The average apartment rent in New York, NY: October 2022

New York is the largest city in the United States with a population of about 8.5 million people, and taking into account the agglomeration, about 20 million people. It is the cultural, financial and economic center of the United States with the most developed labor market. Therefore, every year thousands of immigrants move to New York. The popularity of New York supports the rise in apartment rental prices. In this article, we look at the average rental prices for one and two-bedroom apartments in New York as of October 2022. Property rental prices continue to skyrocket. For example, one-bedroom apartments have risen in price by 24.50%, and two-bedroom apartments by 29.90% year- on-year. The average rental price for a one-bedroom apartment in New York is $3,860 per month as of October 2022. The average rental price for a two-bedroom apartment in New York is $4,300 per month.
The Financial District is the most popular neighborhood in New York City with the highest number of rental apartments.

The most expensive neighborhoods in New York include Chelsea ($5,460)/month for one-bedroom apartments), West Village ($4,800/month) and Upper West Side ($4,480/month).

The cheapest neighborhoods in New York include Flatbush ($2,350/month), Crown Heights ($2,375/month) and Astoria ($2,495/month).