Average Rent in New York (2026 Estimate)
| Bedroom Type | Median Rent |
|---|---|
| Studio | $2,750 |
| 1 Bedroom | $3,400 |
| 2 Bedroom | $4,500 |
| 3 Bedroom | $5,500 |
Estimated market data based on HUD 2026 and Zillow 2026. For reference only.
Security Deposit Laws in New York
No state limit; NYC has additional regulations
Always confirm with your landlord or property manager, as local city ordinances in New York may provide additional protections.
Estimated Monthly Utilities in New York
On average, basic utilities (electricity, heating, cooling, water, garbage) for an 85m² apartment in New York cost approximately $240 per month.
Internet (60 Mbps+) costs approximately $65 per month.
Total Estimated Monthly Cost in New York
For a 1-bedroom apartment, your estimated total monthly cost is:
Rent $3,400 + Utilities $240 + Internet $65 = $3,705
For a 2-bedroom apartment:
Rent $4,500 + Utilities $240 + Internet $65 = $4,805
Rent Affordability Tip for New York
A common rule of thumb is to spend no more than 30% of gross monthly income on rent.
To afford the median 1-bedroom rent of $3,400 in New York, you should earn at least $11,332 per month ($135,984 per year) before taxes.
Use Our Free Rent Affordability Calculator →Moving to New York? Estimate Your Total Move-In Cost
Beyond the first month's rent, you'll typically need to pay a security deposit, possibly last month's rent, and moving expenses.
Calculate Move-In Cost →Frequently Asked Questions About Renting in New York
The estimated median rent for a 1-bedroom apartment in New York is approximately $3,400 per month as of 2026.
Basic utilities for an average apartment in New York are estimated at $240 per month, plus about $65 for internet.
Following the 30% rule, you should earn at least $135,984 per year to comfortably afford the median 1-bedroom rent in New York.