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Renting

Data from November 2026

Renting in New York

The typical rent in New York is $1,621 a month (Average 2020–2024). HUD’s fair market rent for 2 bedrooms is about $2,402 (Fiscal year 2027, population-weighted average): paying it without spending more than 30% of income takes $46.19 an hour full time. Here are the figures by size and by county, how many households spend too much, and where to ask for help.

Key numbers in New York

Typical rent
$1,621
per month, Average 2020–2024
15% more than the U.S.
Fair market rent, 2 BR
$2,402
HUD, Fiscal year 2027, weighted average
From $1,014 to $2,971 depending on the county.
Wage needed
$46.19
per hour, 2 bedrooms
About $96,080 a year to stay under 30% of income.
Burdened households
52%
spend 30% or more on rent
Nationwide, 51%.

Source: American Community Survey (ACS) 5-year estimates Average 2020–2024 American Community Survey (ACS) 5-year estimates (external site) Source: Fair Market Rents (HUD) Fiscal year 2027 Fair Market Rents (HUD) (external site)

Fair market rent

What HUD sets by size

HUD publishes a fair market rent every year by area and home size; Section 8 and other programs use it to set what they cover. Here it runs from the cheapest to the most expensive area of New York, with the hourly wage it takes to pay it without going past 30% of income (40 hours a week).

Includes basic utilities. It is neither the lowest nor the highest rent on the market: it is a reference point.

Fair market rent by size in New York, Fiscal year 2027: lowest and highest value among its counties
  • Studio

    Wage: $13.58–$49.87 an hour

    Lowest: $706 Highest: $2,593

  • 1 bedroom

    Wage: $14.90–$52.48 an hour

    Lowest: $775 Highest: $2,729

  • 2 bedrooms

    Wage: $19.50–$57.13 an hour

    Lowest: $1,014 Highest: $2,971

  • 3 bedrooms

    Wage: $23.25–$72.31 an hour

    Lowest: $1,209 Highest: $3,760

  • 4 bedrooms

    Wage: $26.31–$79.25 an hour

    Lowest: $1,368 Highest: $4,121

Each bar runs from the cheapest area to the most expensive; all share one scale that starts at zero. Source: Fair Market Rents (HUD) Fiscal year 2027 Fair Market Rents (HUD) (external site)

Rent burden

How many households spend too much

HUD counts rent as a burden when it reaches 30% of income or more. In New York, 52% of renter households are in that position; nationwide, 51% (Average 2020–2024, Census).

Paying too much rent leaves little for food, transportation and savings. If that is you, the agencies below can guide you for free.

52%

of renter households spend 30% or more of their income on rent.

3,525,661 renter households in New York

  • Spend half or more of their income 29%
  • Spend 30% or more, but less than half 24%
  • Spend less than 30% 48%

By place

Every county, with its figure

The 2-bedroom fair market rent, the typical rent, the hourly wage it takes and the share of burdened households, in every county in New York. Highest fair market rent first.

Source: Fair Market Rents (HUD) Fiscal year 2027 Fair Market Rents (HUD) (external site) Source: American Community Survey (ACS) 5-year estimates Average 2020–2024 American Community Survey (ACS) 5-year estimates (external site)

Your rights as a tenant in New York

What New York law says about deposits, notices and eviction, with the citation for each rule.

See your rights, rule by rule

A summary of state law, not legal advice. Cities may have additional rules.

How much can they charge for a deposit?
Up to 1 month of rent
N.Y. Gen. Oblig. Law §7-108(1-a)(a)
When must they return my deposit?
14 days
N.Y. Gen. Oblig. Law §7-108(1-a)(e)
If I fall behind on rent, what notice must I get?
14 days
N.Y. Real Prop. Acts. Law §711(2)
How much notice before a rent increase?
30, 60, or 90 days, depending on the case
N.Y. Real Prop. Law §226-c(1)(a), (2)
  • Only a court order can remove youN.Y. Real Prop. Acts. Law §768(1)(a)
  • Protection from retaliationN.Y. Real Prop. Law §223-b(1)
  • Protection related to immigration statusN.Y. Exec. Law §296(5)(a)(3)

Help

Where to ask for help with rent in New York

Free or official help. Demand usually exceeds funding, so waiting lists are common: ask at the agency for your county.

A Hispanic family shares a meal at the dinner table.

Tool

How much rent can you afford?

Enter your income and compare with the fair market rent in your county.

Frequently asked questions

Which county in New York is the most expensive to rent in?

By 2-bedroom fair market rent (Fiscal year 2027), the most expensive is New York County ($2,971, about $57.13 an hour) and the cheapest Chenango County ($1,014, about $19.50 an hour).

How many households in New York spend too much on rent?

52% of renter households in New York spend 30% or more of their income on rent, and 29% spend half or more (Average 2020–2024, Census). Nationwide, 51%.

What is fair market rent?

A figure HUD publishes every year by area and home size; Section 8 and other programs use it to set what they pay. It is not a market price or a cap on landlords. In New York, for 2 bedrooms in Fiscal year 2027, it runs from $1,014 to $2,971 depending on the county.

Where do I ask for help paying rent in New York?

158 public housing agencies run Section 8 vouchers and public housing in New York; demand usually exceeds funding and waiting lists are common. HUD-approved counseling agencies counsel for free. Your county page shows the nearest ones.