Property prices for rent in New York region

The average rent price in the New York region has had an strong rise in recent months. There has been a strong rise in the rent prices in this region.

$3,275.83
Average price last 6 months
$14.91
Price/sq.feet last 6 months
Average price per sq.feet

The price per sq.feet in New York has risen considerably in the last 6 months. During December, the average price per sq.feet was $4.6. In January the price barely changed remaining at $4.67 per sq.feet. In the following two months (February, March) the rent price per sq.feet has increased notably to a 754 %. In the last two months, the price per sq.feet has had a significant fall of 26 %. This has been obtained by comparing the price of $19.79 for the first four months of the sample with regard to the previous 4 months and the price of $5.14 per sq.feet for the last two months (April, May).

Average price

When referring to the price in New York(region), this has fallen considerably in the last 6 months. December has an average price of $4,186. During Januarythe price had a slight fall till $3,702. In the following two months the average price has fallen 70 % compared to the previous two. During the last two months the price has gone down 92 % compared to the previous average values going from $3,360.25 a $3,107 in April y May.

Average price per bedrooms

The graph displaying the the average rent price per number of bedrooms shows that those with 1 bedroom are the most affordable ones. They are 5 % cheaper than the average price in New York followed by those with 2 with an average price of $3,170. The most expensive properties have 4 bedrooms. They are 195 % more expensive than the average followed by those properties with 3 bedrooms priced at $3,892.

Based on the average price per sq.feet those properties with 2 bedrooms are the most affordable ones with a price of $3.22 / sq.feet being $3.98 / sq.feet the average for New York. The properties with the highest average price are those with 3 bedrooms. These are 51 % more expensive than the average followed by those with 4 bedrooms with a price of $5.87 / sq.feet.

Price per property type

The graph displaying the average rent price according to the property type shows "Apartment" as the most affordable one. With an average cost of $3,007 it is 26 % cheaper than the average in New York. This is followed by "House" with a cost of $2,502. The most expensive property type is "" and is 11 % more costly than the average, followed by "Townhouse" with a cost of $2,847.

Based upon the average cost per sq.feet the most affordable property type is "Apartment with a an average price of $2.16 / sq.feet, followed by "Condo" with a price of $3.66 / sq.feet. "Townhouse" with an average price of $49.18 / sq.feet is the most expensive type of property followed by "House" at a price of $5.43 / sq.feet.

Charts data
Average price May
Average price per sq.feet May
Number of properties used in region New York
$3,007
$3.98
251,224
** Graph's data with null or zero value are due to there isn't enough data available to get a reliable value
Brand New Home In New York, Ny. 2 Bed, 2 Bath
 28
Brand New Home In New York, Ny. 2 Bed, 2 Bath
$2,245,000
New York, New York - For Sale - Condo - 1,100 sq.feet - 2 bedrooms - 2 bathrooms
This new construction, quick delivery home is the n9a plan by toll brothers, and is located in the community of the 77 charlton at 77 charlton #n9a, new york, ny-10014...
Brand New Home In New York, Ny. 2 Bed, 2 Bath
 28
Brand New Home In New York, Ny. 2 Bed, 2 Bath
$2,270,000
New York, New York - For Sale - Condo - 1,160 sq.feet - 2 bedrooms - 3 bathrooms
This new construction, quick delivery home is the n5d plan by toll brothers, and is located in the community of the 77 charlton at 77 charlton #n5d, new york, ny-10014...
Brand New Home In New York, Ny. 0 Bed, 1 Bath
 26
Brand New Home In New York, Ny. 0 Bed, 1 Bath
$1,055,000
New York, New York - For Sale - Condo - 570 sq.feet - 1 bathroom
This new construction, quick delivery home is the s7e plan by toll brothers, and is located in the community of the 77 charlton at 77 charlton #s7e, new york, ny-10014...
Brand New Home In New York, Ny. 2 Bed, 2 Bath
 50
Brand New Home In New York, Ny. 2 Bed, 2 Bath
$3,675,000
New York, New York - For Sale - Condo - 1,707 sq.feet - 2 bedrooms - 3 bathrooms
This new construction, quick delivery home is the n807 plan by toll brothers, and is located in the community of the 121 east 22nd at 121 east 22nd #n807, new york, ny...
Brand New Home In New York, Ny. 3 Bed, 3 Bath
 30
Brand New Home In New York, Ny. 3 Bed, 3 Bath
$4,125,000
New York, New York - For Sale - Condo - 1,793 sq.feet - 3 bedrooms - 4 bathrooms
This new construction, quick delivery home is the s13a plan by toll brothers, and is located in the community of the 77 charlton at 77 charlton #s13a, new york, ny-10014...