Rental Market in
New York

Median rents, affordability ratios, and city-by-city breakdowns across 5 metro areas.

State Average Rent

$---

+13.6% vs national

Lowest Rent

$---

Buffalo

Highest Rent

$---

New York City

Avg Rent-to-Income

---%of annual income

Rent Landscape

New York City

$3,706

56% income

Yonkers

$2,643

39% income

Syracuse

$1,601

42% income

Rochester

$1,434

37% income

Buffalo

$1,381

34% income

<30% Affordable 30-40% Stretched >40% Unaffordable National avg

All Cities

City	Median Rent	Affordability	Population
New York City	$3,706	55.8%	8,258,035
Yonkers	$2,643	38.8%	207,657
Syracuse	$1,601	41.9%	145,560
Rochester	$1,434	36.9%	207,274
Buffalo	$1,381	34.5%	274,678

Affordability Breakdown

Affordable (<30%)0

Stretched (30–40%)3

Unaffordable (>40%)2

Most Affordable

1.Buffalo$1,381 2.Rochester$1,434 3.Syracuse$1,601 4.Yonkers$2,643 5.New York City$3,706

Most Expensive

1.New York City$3,706 2.Yonkers$2,643 3.Syracuse$1,601 4.Rochester$1,434 5.Buffalo$1,381

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Housing Market Cost of Living Salaries

Data Sources & Methodology

Rent Data: According to Zillow ZORI (Zillow Observed Rent Index), the industry standard for median asking rent data.

Income Data: According to U.S. Census Bureau ACS 2023, table B19013 — median household income.

Affordability: Calculated as (Monthly Rent × 12) ÷ Annual Income × 100%. The 30% threshold is the HUD standard.

Updated monthly

Last refresh: May 4, 2026

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Rental Market inNew York

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Rental Market inNew York

Rental Market in
New York

Rental Market in
New York