New York average 1-bed rent: $4,200/mo Year-on-year rent increase: +4.9% Manhattan median rent near record highs FARE Act: broker fees shift from tenants to landlords Rent Guidelines Board vote sets stabilised lease increases Queens and the Bronx see the fastest rent growth Security deposits are capped at one month's rent (Housing Stability and Tenant Protection Act 2019). Deposits must be returned with an itemised statement within 14 days of move-out. New York average 1-bed rent: $4,200/mo Year-on-year rent increase: +4.9% Manhattan median rent near record highs FARE Act: broker fees shift from tenants to landlords Rent Guidelines Board vote sets stabilised lease increases Queens and the Bronx see the fastest rent growth Security deposits are capped at one month's rent (Housing Stability and Tenant Protection Act 2019). Deposits must be returned with an itemised statement within 14 days of move-out.

United States · Rent guide

New York Rent Guide 2026

Average rent costs by neighbourhood, yearly rent increases and tenant rights in New York. The typical one-bedroom rent is $4,200 per month, up 4.9% year on year.

Average rent by neighbourhood

Neighbourhood	1 bedroom	2 bedrooms	Yearly increase
Tribeca	$6,500	$9,800	+3.8%
SoHo	$5,900	$8,500	+4.2%
Upper East Side	$4,100	$6,000	+4.4%
Upper West Side	$4,200	$6,200	+4.7%
Williamsburg	$4,300	$5,600	+5.6%
Astoria	$2,900	$3,600	+6.1%
Harlem	$2,800	$3,500	+5.9%
Bushwick	$2,900	$3,500	+5.3%
The Bronx (South)	$2,100	$2,600	+6.4%

Indicative 2026 figures (per month, USD). Compare with real tenant-reported rents on RentScore.

Average rent per square metre in New York

$84 / m² per month

City-wide indicative average, based on a typical 50 m² one-bedroom flat. Central neighbourhoods cost more:

Tribeca: $130 / m²
SoHo: $118 / m²
Upper East Side: $82 / m²
Upper West Side: $84 / m²

Deposit laws in New York

Security deposits are capped at one month's rent (Housing Stability and Tenant Protection Act 2019).
Deposits must be returned with an itemised statement within 14 days of move-out.
Always get a written inventory with dated photos at move-in to protect your deposit.

How do foreigners and expats without a local credit score find a home in New York with RentScore?

Check the building first: read verified tenant reviews, rent history and street safety on RentScore before you contact a landlord.
Know the fair price: use the neighbourhood averages above and the RentScore rent estimate so you are not overcharged as a newcomer.
Replace the missing credit score: offer an employment contract, recent payslips, a reference from your previous landlord and your RentScore rental history.
Consider a rent guarantee service or a larger (but legal) deposit instead of a local guarantor — never pay more than the legal limit shown above.
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Tenant rights in New York

Security deposits are capped at one month's rent (Housing Stability and Tenant Protection Act 2019).
Deposits must be returned with an itemised statement within 14 days of move-out.
Since the FARE Act (2025), tenants generally do not pay the broker fee when the landlord hired the broker.
Rent-stabilised apartments can only rise by the Rent Guidelines Board percentage.
Good Cause Eviction limits unreasonable increases on many market-rate units.
Application fees are capped at $20 for background and credit checks.

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