Average Rent in New York, NY
The Fair Market Rent for a 2-bedroom in New York, NY is $2,910 per month, based on HUD data. With a median household income of $97,334, a household would spend 35.9% of income on housing at Fair Market Rent. Rent has increased 5.7% year over year. The national median 2BR FMR is $1,250/mo for comparison.
Fair Market Rent by Bedroom
| Size | Monthly FMR |
|---|---|
| Studio | $2,529 |
| 1 Bedroom | $2,655 |
| 2 Bedroom | $2,910 |
| 3 Bedroom | $3,644 |
| 4 Bedroom | $3,959 |
Affordability
| Metric | Value |
|---|---|
| Median Household Income | $97,334 |
| Rent Burden (2BR FMR / Income) | 35.9% |
| Income Needed for 2BR (30% rule) | $116,400/yr |