New York (NY) has the
13th highest rent in the country out of 56 states and territories. The Fair Market Rent in New York
ranges from
$826 for a 2-bedroom apartment in
Allegany County, NY
to $2,451 for a 2-bedroom unit in
New York, NY HUD Metro FMR Area.
For FY 2023, the New York, NY HUD Metro FMR Area (Bronx County) rent for a studio or efficiency is $2,123 per month and $3,316 per month to rent a house or an apartment with 4 bedrooms.
The average Fair Market Rent for a 2-bedroom home in New York is $1,111 per month.
Approximately 15% of Americans qualify for some level of housing assistance. The population in
New York is around 7,588,624 people. So, there are around 1,138,294 people in New York who could be receiving housing benefits from the HUD.
Click on your region in the list below or on the map to see a more detailed break down of rental prices.
What is Fair Market Rent?
Fair Market Rent is determined each fiscal year by the HUD and is used to set payment standards for federal housing assistance programs in New York.
Fair Market Rent is the 40th-percentile of typical rentals in a given region.
Learn more
New York Fair Market Rent for 2023