What is the average rent for a rental property in New York City in 2026?

Question

Accepted Answer

Rental property prices in New York City vary dramatically by borough, property type and size. Here is a current overview for 2026.

Average monthly rents by borough in 2026:

Manhattan: $3,800–$6,500+ for a 1–2 bedroom apartment; single-family townhouse rentals from $8,000/month
Brooklyn: $2,500–$4,500 for a 1–2 bedroom; brownstone floor-through units $3,000–$5,500
Queens: $1,900–$3,200 for a 1–2 bedroom; multi-family home rentals $2,200–$4,000
The Bronx: $1,500–$2,600 for a 1–2 bedroom; most affordable borough for renters
Staten Island: $1,800–$3,000 for a 1–2 bedroom; single-family home rentals $2,500–$4,500

Rental property types and average prices:

Single-family home: $3,500–$8,000/month depending on borough and size
Multi-family brownstone (floor-through unit): $3,000–$6,000/month in Brooklyn/Manhattan
Townhouse: $5,000–$15,000/month for full townhouse in prime neighborhoods
2-family home (renting one unit): $2,000–$4,000/month for the rental unit

Market trends for 2026:

Outer borough rental prices continue to rise as renters are priced out of Manhattan
The Good Cause Eviction Law has slowed rent increases for existing tenants in covered buildings
New construction luxury properties in Long Island City, Downtown Brooklyn and Hudson Yards command significant premiums