Property prices for rent in Montauk (New York)

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

$26,757.5
Average price last 6 months
$27.66
Price/sq.feet last 6 months
Average price per sq.feet

The price per sq.feet in Montauk has had a strong fall during the last 6 months. In May, the average price per sq.feet was $44.31. In the following month the price per sq.feet fell to $40.03. The price for the following two months in (July, August) had a considerable fall of 72 with regard to the previous two months. The price per sq.feet has had a considerable fall of 29 % 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 $36.21 to $10.56 during September, and October.

Average price

When referring to the price in Montauk (cities), this has fallen considerably in the last 6 months. In our first sample month during May, the average price is $31,760. In June This price remains at $32,779. During the following two months (July, August) the average price fell 90 % with regard to the previous two months. During the last two months the average price has fallen greatly compared to the previous four going from $30,583 to $19,106.5, which means a 62 % fall.

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 $19,417 they are 54 % more affordable than the average price for Montauk . The properties with the highest average price have 4 bedrooms, Their price is 26 % more expensive than the average. After that we have properties with 3 bedrooms priced at $15,484.

With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $8 / sq.feet, with an average $8.72 / sq.feet price in Montauk. The properties with the most expensive average prices have 2 bedrooms. They are 278 % more expensive than the average followed by properties with 3 bedrooms with a price at $21 / sq.feet.

Price per property type

The graph displaying the average rent prices displays the property type "Apartment" as the most affordable one. At an cost of $19,417 it is 0 % more affordable than the average price in Montauk. "Commercial" is seen as the second most affordable property type. The most expensive property type is "House" followed by "Land". At a price of $34,078 it is 137 % more expensive than the average price.

According to the average cost per sq.feet, the least affordable property would be "House" at an average price of $19 / sq.feet followed by "Land" priced at $73 / sq.feet. "Commercial" is the most expensive type of property with a $117 / sq.feet value followed by "Apartment" with an average price of $97 / sq.feet.

Charts data
Average price October
Average price per sq.feet October
Number of properties used in Montauk
Number of properties used in region New York
$19,417
$8.72
888
164,516
** Graph's data with null or zero value are due to there isn't enough data available to get a reliable value
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