NYC Rental Market
What are current rents and how are they trending?
Every figure below shows its source, period, and verification date. Nothing is estimated or filled in — a metric with no connected data shows “Data unavailable” rather than a guess.
Market metrics
Median asking rent
Data unavailable
Month-over-month change
Data unavailable
Year-over-year change
Data unavailable
Active listings
Data unavailable
Days on market
Data unavailable
Rent per square foot
Data unavailable
Concessions
Data unavailable
Historical trend
Rent reports disagree, and that's expected.
“Asking rent,” “average rent,” and rent indexes like Zillow's ZORI all measure something slightly different, and each outlet covers a different set of listings. The figures above come from one methodology at a time — use the reports below for a second opinion rather than expecting the numbers to match exactly.
Other market reports
Independently published, not pulled into the figures above.
- StreetEasy — Rent Growth Slows as Competition Continues to Cool
Published August 2026
StreetEasy's monthly market report. NYC-wide median asking rent rose just $20 year-over-year to $3,800 in August, with inventory up 3.4% and concessions more common than a year ago. Queens remained the exception, with asking rents up 9% year-over-year.
- StreetEasy — One Year After the FARE Act
Published June 11, 2026
A one-year look back at the FARE Act (which shifted broker fees to landlords). Concludes the citywide housing shortage, not the FARE Act itself, is the primary driver of rent growth — NYC median asking rent hit $4,199 in May, up 7.3% year-over-year, the highest since StreetEasy began tracking in 2010.
- Corcoran Inhabit — NYC Residential Rental Market Report: June 2026
Published ~July 2026 (covers June 2026 data)
Corcoran's monthly report. Manhattan median rent hit a record $5,295 (listings down 16% year-over-year); Brooklyn median rent hit a record $4,350, up 8% year-over-year with apartments spending 30% fewer days on market.
- Time Out New York — Manhattan's average rent is now a record $6,655
Published August 13, 2026
News coverage of Corcoran's July data: Manhattan's average rent reached a record, up 10% year-over-year. Studios averaged $4,088 (+8%), 1BRs $5,486 (+7%), 2BRs $8,054 (+13%), and 3BRs $12,228 (+12%).
- Realtor.com Research — NYC Rent Growth Persists as Renter Mobility Hits Historic Lows
Published Q4 2025
Realtor.com's quarterly report. NYC median asking rent reached $3,585 in Q4 2025 (+6.6% year-over-year), with Manhattan at $4,886. Nearly 90% of NYC renters stayed in their unit from the year before, well above the national average, as record-low turnover squeezes available inventory.
- Rent.com — New York, NY Rental Market Trends
Published Rolling — no fixed report date
A continuously-updated snapshot of average rents by borough and unit size, drawn from active Rent.com listings. Reports "average," not "median," rent, and figures can run noticeably lower for Queens and the Bronx than other sources — treat as one data point, not a benchmark.
- Leaseswap — NYC Rent by Neighborhood
Published Updated weekly (viewed August 2026)
Real-time median 1BR rent across 207 NYC neighborhoods, drawn from active listings and updated weekly. As of August 2026, citywide median 1BR was about $2,400; Manhattan's median 1BR ($4,390) was the highest of any borough and Staten Island's ($1,950) the lowest.
- Zillow Rental Manager — New York Market Trends
Published Rolling — no fixed report date
Zillow's live market-trends dashboard for New York State and New York City, showing median rent and month-over-month/year-over-year change. A different measurement than asking-rent reports — it reflects Zillow's own listings data, not a citywide index like ZORI.