Apartments Near New York University
New York is a great city to live in with lots of great apartments near New York University to choose from. But when you're searching for a new rental it can difficult to sift through all of the listings on the web or walk the streets to find places in the area that you're looking for.
That's exactly why Rentable exists. We gather listings from all over the web and we add new properties every day. And we do all this just so we can make sure that you've got the freshest list of New York University apartments to choose from!
Welcome to the October 2023 New York Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the October 2023 key findings and figures for the New York rental landscape.
Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in New York and surrounding areas and provide comparisons to the entire metro area, nearby cities and some of the most desirable and expensive cities in the United States. Take a look at the last 12 months of New York average rent prices in the chart below.
New York rent prices decreased over the last month. From September to October, the city experienced a -1.94% decrease for the price of a one-bedroom apartment. The rent price for a New York one-bedroom apartments currently stands at $3,948.0.
When we take a look at the two-bedroom comparison from September to October, New York experienced a -2.5% decrease for the price of a two-bedroom apartment. The rent price for a New York two-bedroom apartments currently stands at $4,595.0.
Rent prices have decreased in New York over the last month. But how have the surrounding areas fared when it comes to the recent volatility in apartment prices? Rent prices in 5 of the New York suburbs increased last month. On the other hand, 1 local areas experienced a decrease in the price of a one-bedroom apartment.
More key findings include:
Rent increased in Jersey City, NJ, Manhattan, NY, Yonkers, NY, East Orange, NJ, Morristown, NJ .
Rent decreased in Brooklyn, NY.
1 suburb is currently priced higher than the city of New York.
5 suburbs are currently priced lower than the city of New York.
Rent growth in New York over the past year has been declining. When compared to major cities nearby, along with some of the most expensive cities in the country, New York average rent prices appear to be relatively affordable for local residents.
The price for a New York one-bedroom apartment remains vastly more affordable than four of the largest cities in the United States — New York City, Washington, D.C. San Francisco and Los Angeles. And pricing compares quite similarly to nearby Midwest cities.
For more information about New York and surrounding area rent prices, take a look at the complete data set below.
|1 BR October||1 BR M/M % Change||2 BR October||2 BR M/M % Change|
|New York, NY||$4,026.0||-2.45%||$4,713.0||-3.99%|
|Jersey City, NJ||$3,628.0||0.08%||$4,876.0||-2.38%|
|East Orange, NJ||$1,564.0||1.30%||$2,127.0||0.47%|
Each month, using over 1 million Rentable listings across the United States, we calculate the median 1-bedroom and 2-bedroom rent prices by city, state, and nation, and track the month-over-month percent change. To avoid small sample sizes, we restrict the analysis for our reports to cities meeting minimum population and property count thresholds.