127 Apartments under 1600 for rent in New York, NY

Last updated May 21 at 5:01am UTC
880 Colgate Avenue
Clason Point
New York, NY
Updated May 21 at 5:01am UTC
1 Bedroom
$1,565
29-08 31st Avenue
Astoria
New York, NY
Updated May 21 at 4:50am UTC
Studio
$1,575
101 West 133rd Street
Harlem
New York, NY
Updated May 21 at 4:50am UTC
Studio
$1,500
425 Senator St
Bay Ridge
New York, NY
Updated May 21 at 4:49am UTC
Studio
$1,550
570 OCEAN PARKWAY
Kensington
New York, NY
Updated May 21 at 4:49am UTC
Studio
$1,500
455 Ocean Parkway
Kensington
New York, NY
Updated May 21 at 4:49am UTC
Studio
$1,450
791 Sterling Place
Crown Heights
New York, NY
Updated May 21 at 4:48am UTC
Studio
$1,500
41 Park Terrace West
Inwood
New York, NY
Updated May 21 at 4:48am UTC
Studio
$1,575
229 Seaman Ave
Inwood
New York, NY
Updated May 21 at 4:48am UTC
Studio
$1,599
2330 Ocean Avenue
Sheepshead Bay
New York, NY
Updated May 21 at 4:47am UTC
Studio
$1,575
78 Herkimer St, 107
Bedford-Stuyvesant
New York, NY
Updated May 21 at 4:47am UTC
Studio
$1,599
6155 Broadway
Fieldston
New York, NY
Updated May 21 at 4:47am UTC
Studio
$1,475
114 W 238th St
Jerome Park
New York, NY
Updated May 20 at 5:28pm UTC
1 Bedroom
$1,550
375 56th St
Sunset Park
New York, NY
Updated May 20 at 5:28pm UTC
2 Bedrooms
$1,595
565 85th St
Bay Ridge
New York, NY
Updated May 20 at 5:28pm UTC
1 Bedroom
$1,550
1543 Park Pl
Crown Heights
New York, NY
Updated May 20 at 5:24pm UTC
Studio
$1,450
39-50 61st St
Woodside
New York, NY
Updated May 20 at 5:24pm UTC
Studio
$1,489
412 W 148th St
Hamilton Heights
New York, NY
Updated May 20 at 5:24pm UTC
Studio
$1,500
37-51 79th St
Jackson Heights
New York, NY
Updated May 20 at 5:24pm UTC
Studio
$1,595
37-56 80th St
Jackson Heights
New York, NY
Updated May 20 at 5:24pm UTC
Studio
$1,575
75-10 Grand Central Pkwy
Forest Hills
New York, NY
Updated May 20 at 5:24pm UTC
Studio
$1,575
148 Madison Street
Lower East Side
New York, NY
Updated May 20 at 11:12am UTC
2 Bedrooms
$1,500
184 Pennyfield Ave
Throgs Neck
New York, NY
Updated May 20 at 10:54am UTC
1 Bedroom
$1,500
153-30 89th Avenue
Jamaica
New York, NY
Updated May 21 at 4:48am UTC
Studio
$1,581
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May 2018 New York Rent Report

Welcome to the May 2018 New York Rent Report. New York rents remained steady over the past month. In this report, we'll evaluate trends in the New York rental market, including comparisons to cities throughout the state and nation.

View full New York Rent Report
Rent Report
New York

May 2018 New York Rent Report

Welcome to the May 2018 New York Rent Report. New York rents remained steady over the past month. In this report, we'll evaluate trends in the New York rental market, including comparisons to cities throughout the state and nation.

New York rents held steady over the past month

Over the past month New York rents have remained steady. Currently, median rents in New York stand at $2,070 for a one-bedroom apartment and $2,470 for a two-bedroom. New York's year-over-year rent growth is level with the state average of 0.4%, but lags the national average of 1.5%.

Rents rising across cities in New York

Throughout the past year, rents have remained steady in the city of New York, but other cities across the entire state have seen rents increase. Of the largest 10 cities that we have data for in New York, 7 of them have seen prices rise. The state as a whole logged rent growth of 0.4% over the past year. Here's a look at how rents compare across some of the largest cities in the state.

  • Looking throughout the state, Hoboken is the most expensive of all New York's major cities, with a median two-bedroom rent of $2,580; of the 10 largest cities in New York that we have data for, Jersey City, Newark, and White Plains, where two-bedrooms go for $1,880, $1,410, and $2,100, respectively, are the three major cities in the state to see rents fall year-over-year (-1.7%, -0.3%, and -0.2%).
  • Buffalo, Union City, and Syracuse have all experienced year-over-year growth above the state average (4.3%, 3.8%, and 2.4%, respectively).

Similar cities nationwide show more affordable rents compared to New York

Rent growth in New York has been relatively stable over the past year - some other large cities have seen more substantial increases; in contrast, rents in a few cities have actually declined. Compared to most other large cities across the country, New York is less affordable for renters.

  • New York's median two-bedroom rent of $2,470 is above the national average of $1,170. Nationwide, rents have grown by 1.5% over the past year compared to the stagnant growth in New York.
  • While rents in New York remained moderately stable this year, similar cities saw increases, including Houston (+3.1%), Los Angeles (+2.1%), and Atlanta (+1.9%); note that median 2BR rents in these cities go for $1,020, $1,740, and $1,170 respectively.
  • Renters will generally find more expensive prices in New York than most similar cities. For example, Houston has a median 2BR rent of $1,020, where New York is nearly two-and-a-half times that price.

For more information check out our national report. You can also access our full data for cities and counties across the U.S. at this link.
City Median 1BR price Median 2BR price M/M price change Y/Y price change
New York $2,070 $2,470 0.3% 0.4%
Newark $1,180 $1,410 1.6% -0.3%
Jersey City $1,580 $1,880 0.3% -1.7%
Union City $1,370 $1,630 1.7% 3.8%
White Plains $1,760 $2,100 -0.3% -0.2%
Hoboken $2,160 $2,580 0.1% 1.2%
West New York $1,230 $1,460 0.4% 0.5%
Hackensack $1,460 $1,730 -0.0% 2.1%

Methodology - Recent Updates:

Data from private listing sites, including our own, tends to skew toward luxury apartments, which introduces sample bias when estimates are calculated directly from these listings. To address these limitations, we’ve recently made major updates to our methodology, which we believe have greatly improved the accuracy and reliability of our estimates.

Read more about our new methodology below, or see a more detailed post here.

Methodology:

Apartment List is committed to making our rent estimates the best and most accurate available. To do this, we start with reliable median rent statistics from the Census Bureau, then extrapolate them forward to the current month using a growth rate calculated from our listing data. In doing so, we use a same-unit analysis similar to Case-Shiller’s approach, comparing only units that are available across both time periods to provide an accurate picture of rent growth in cities across the country.

Our approach corrects for the sample bias inherent in other private sources, producing results that are much closer to statistics published by the Census Bureau and HUD. Our methodology also allows us to construct a picture of rent growth over an extended period of time, with estimates that are updated each month.

Read more about our methodology here.

About Rent Reports:

Apartment List publishes monthly reports on rental trends for hundreds of cities across the U.S. We intend these reports to be a source of reliable information that help renters and policymakers make sound decisions, and we invest significant time and effort in gathering and analyzing rent data. Our work is covered regularly by journalists across the country.

We are continuously working to improve our methodology and data, with the goal of providing renters with the information that they need to make the best decisions.