Property prices for rent in Montauk (New York)

The rent prices in real estate in Montauk, in the New York region have risen considerably in the last couple of months. There has been a strong rise in the rent prices this city.

Average price last 6 months
Price/sq.feet last 6 months
Average price per sq.feet

The price per sq.feet in Montauk has risen strongly during the last 6 months. In April, the average price per sq.feet was $8. In the following month the price per sq.feet rose considerably to $145.29. The price for the following two months in (June, July) had a considerable rise of 139 %. The price per sq.feet has had a considerable fall of 15 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per sq.feet of $91.77 to $14.18 during August, and September.

Average price

When referring to the price in Montauk (cities), this has risen considerably in the last 6 months. The average price during our first sample month during April, is $19,397. During May the price went through a considerable rise reaching $26,350. During the following two months (June, July) the average price had a considerable rise of 127 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has increased 114 % during the last two months.

Average price per bedrooms

The graph displaying the average rent price for bedrooms illustrates that those properties with 1 bedroom are the most affordable ones. At a price of $23,967 they are 39 % more affordable than the average price for Montauk . The properties with the highest average price have 4 bedrooms, Their price is 27 % more expensive than the average. After that we have properties with 3 bedrooms priced at $22,408.

With regard to the average price per sq.feet, those properties with 3 bedrooms are the most expensive ones at a cost of $21 / sq.feet, with an average $11.28 / sq.feet price in Montauk. The properties with the most expensive average prices have 2 bedrooms. They are 450 % more expensive than the average followed by properties with 1 bedroom with a price at $41 / sq.feet.

Price per property type

The graph displaying the average rent prices displays the property type "House" as the most affordable one. At an cost of $23,967 it is 4 % more affordable than the average price in Montauk. "Commercial" is seen as the second most affordable property type. The most expensive property type is "Apartment" followed by "Land". At a price of $33,701 it is 91 % more expensive than the average price.

According to the average cost per sq.feet, the least affordable property would be "Apartment" at an average price of $13 / sq.feet followed by "Land" priced at $62 / sq.feet. "House" is the most expensive type of property with a $129 / sq.feet value followed by "Commercial" with an average price of $106 / sq.feet.

Charts data
Average price September
Average price per sq.feet September
Number of properties used in Montauk
Number of properties used in region New York
** Graph's data with null or zero value are due to there isn't enough data available to get a reliable value