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RentData.org Logo New York Fair Market Rent FY 2024 New York, NY HUD Metro FMR Area Rental Data

Fair Market Rent Prices in New York, NY :
$2,386 $2,451 $2,752 $3,434 $3,700
Studio / Efficiency 1-Bedroom 2-Bedroom 3-Bedroom 4-Bedroom
0-BR 1-BR 2-BR 3-BR 4-BR
Expensive 40th Percentile Metro Area

Fair Market Rent prices in New York are very high compared to the national average. This FMR area is more expensive than 99% of other FMR areas. Fair Market Rent for a two-bedroom apartment in New York is $2,752 per month.

The previous year, rent for a two-bedroom home was $2,451 per month. This is a 12.28% increase year-over-year.

This FMR rate applies to Pelham, NY, Mount Vernon, NY, Yonkers, NY, Bronx, NY and other cities within the region. The Metro Code or CBSA code for this region is METRO35620MM5600.

Additionally, This Fair Market Rent (FMR) area New York, NY HUD Metro FMR Area spans one county or city in New York which is listed in the table below. Estimated population of New York, NY HUD Metro FMR Area FMR area is 1,427,056 people based on latest Census data.

Compared to the rest of New York, the New York FMR area is more expensive than 100% of the state.

New York Rents Map

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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

Median Rent Prices in New York

To compute the 40th percentile of rent prices the HUD must determine the median or 50th percentile as well. 50th percentile rent prices are NOT fair market rents (unless otherwise noted as a 50th percentile designated region above). However, some home owners or rents may be interested in the median rent prices as well.

50th Percentile Rental Prices:
0-BR Studio / Efficiency $ 2555
1-BR 1-Bedroom $ 2625
2-BR 2-Bedroom $ 2947
3-BR 3-Bedroom $ 3677
4-BR 4-Bedroom $ 3962
Change Year:
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025

There is just one county (listed below) within the New York, NY HUD Metro FMR Area FMR area (most regions, especially metro areas, cover multiple counties). This FMR area covers one metro area: New York.

County / Region Est. Population
New York, NY Metro 1,427,056
Zip Codes in New York, NY HUD Metro FMR Area

There are 28 unique zip codes in this Fair Market Rent (FMR) area:

10451, 10452, 10453, 10454, 10455, 10456, 10457, 10458, 10459, 10460, 10461, 10462, 10463, 10464, 10465, 10466, 10467, 10468, 10469, 10470, 10471, 10472, 10473, 10474, 10475, 10550, 10705 and 10803

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What's Next?

Here are some additional resources you may also be interested in:

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