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 Index 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.
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.
Ask the RentScore advisor about renting in New York
Ask anything about rents here
For example: Which neighbourhood is cheapest for a 2-bedroom? Can my landlord raise the rent twice a year?
Other city rent guides
San FranciscoLos AngelesTorontoVancouverMontrealMiamiChicagoLondonBerlinParisAmsterdamDublinBrusselsBarcelonaMadridLisbonMunichZurichGenevaViennaMilanRomeAthensPragueBudapestBucharestWarsawOsloStockholmCopenhagenHelsinkiTokyoOsakaSeoulTaipeiHong KongSingaporeKuala LumpurBangkokPhuketPattayaHo Chi Minh CityHanoiJakartaBali (Denpasar/Canggu)ManilaDubaiAbu DhabiDohaRiyadhSydneyMelbourneAucklandWellingtonIstanbulAnkaraİzmirMexico CitySão PauloBuenos AiresBogotáJohannesburgEstimate a fair rent