The “Big Apple,” New York City is home to world-famous attractions, like the Empire State Building, iconic brownstones and historic buildings, like Radio City Music Hall, five distinct boroughs, and plenty of hidden gems. It’s no wonder the city also has some of the most famous neighborhoods – and expensive ones at that.
If you're looking to rent an apartment in New York, you'll find that the average rent for a one-bedroom apartment is quite high. For example, the average rent for a one-bedroom apartment is nearly $4,770 a month.
But if you’re looking to experience New York from the lap of luxury, you may be wondering what the most expensive neighborhoods are. ApartmentGuide has gathered a list of the most expensive New York neighborhoods to rent an apartment in this year.
12 Expensive Neighborhoods in NYC
From the trendy Greenwich Village to the historic Brooklyn Heights, there are plenty of amazing New York neighborhoods to choose from. Whether you're looking for a luxurious apartment or wondering where to rent an apartment, we've got you covered.
1. Greenwich Village
2. SoHo
3. Sutton Place
4. West Village
5. Midtown East
6. NoMad
7. Downtown Manhattan
8. Tribeca
9. Chelsea
10. Lincoln Square
11. Brooklyn Heights
12. Hell's Kitchen
Let’s jump in and see what these neighborhoods have to offer.
1. Greenwich Village
Average 1-bedroom rent: $6,295
Apartments for rent in Greenwich Village
Greenwich Village is the most expensive neighborhood in New York, with the average rent for a one-bedroom unit is $6,295. Despite the price tag, there are plenty of reasons why this neighborhood draws residents. Greenwich Village is near attractions like Washington Square Park and the High Line, making it a prime location to explore the city. The area also has views of the cityscape, so apartment views can be stunning. If you're looking for a taste of the neighborhood, there are a variety of local restaurants to explore, like Magnolia Bakery, John’s of Bleecker Street, and Cafe Cluny. There are plenty of subway stations in Greenwich Village, like West 4 St. – Washington Square, so it’s easy to check out the city.
2. SoHo
Average 1-bedroom rent: $5,900
Apartments for rent in SoHo
SoHo is a bustling area that's south of Greenwich Village. This beautiful neighborhood is near lots of attractions, like the Leslie-Lohman Museum of Art and the Drawing Center. SoHo is well-known for its green spaces like Vesuvio Playground and the charming shops and cafes along Broadway. The average rent for one-bedroom apartments is $5,900, which is about $1,200 above the city's average, making it a pricier neighborhood. However, SoHo's charm and amenities may be worth it. SoHo is also one of the most expensive neighborhoods in New York to buy a home.
3. Sutton Place
Average 1-bedroom rent: $5,576
Apartments for rent in Sutton Place
With an average one-bedroom rent of $5,576, Sutton Place is the third most expensive neighborhood in New York. This neighborhood has plenty of historic homes in styles like Beaux-Arts and Art Deco, as well as properties with picturesque views of Roosevelt Island. Sutton Place is also near the FDR Drive, making it a convenient location for commuters. And if you're looking for a relaxing afternoon, you can spend it at Sutton Place Park.
4. West Village
Average 1-bedroom rent: $5,525
Apartments for rent in West Village
The West Village is the next most expensive neighborhood in New York. This neighborhood is known for its central location near the Whitney Museum of American Art and Pier 51 at Hudson River Park. One of New York's oldest neighborhoods, it's no wonder that this is a popular area. West Village has a lot of shops and restaurants, like Dante West Village, Perry St., and Malaparte.
5. Midtown East
Average 1-bedroom rent: $5,506
Apartments for rent in Midtown East
Midtown East is a stellar neighborhood if you want to live close to iconic attractions. While more expensive, the perks of living in Midtown East may help offset the costs. For example, you can explore New York, as Midtown East is near several subway routes. You can also walk to attractions like the Chrysler Building, Grand Central Terminal, St. Patrick’s Cathedral, and 5th Avenue. The views in Midtown East are also gorgeous as you can see the cityscape and the Rockefeller Center.
6. NoMad
Average 1-bedroom rent: $5,400
Apartments for rent in NoMad
Next up is NoMad, the sixth most expensive neighborhood in New York. NoMad is full of history and charm with tree-lined streets, historic buildings, and museums. This area also has plenty of parks, restaurants, and attractions, so you'll have lots to explore. Make sure to enjoy the outdoors at Madison Square Park or grab a meal at one of the neighborhood restaurants like Scarpetta or KazuNori: The Original Hand Roll Bar. It's no wonder the monthly rents are above New York's average in this NYC neighborhood.
7. Downtown Manhattan
Average 1-bedroom rent: $5,197
Apartments for rent in Downtown Manhattan
Downtown Manhattan is the next neighborhood on our list. This neighborhood encompasses plenty of smaller areas, including some of the most affordable neighborhoods in New York. From the Battery and Washington Square Park to Wall Street and The Woolworth Building, there are many reasons that make this area so expensive. There are plenty of subway stops in the area, making it easy to get around the city.
8. Tribeca
Average 1-bedroom rent: $5,184
Apartments for rent in Tribeca
Tribeca takes the eighth spot on our list of most expensive neighborhoods in New York. The average rent for a one-bedroom unit is roughly $400 more than the city's average. Tribeca is a great option to consider if you're looking to be near the Hudson River. It's home to plenty of attractions, like Washington Market Park, the Woolworth Building, and the Ghostbusters Headquarters. You can also enjoy walking around the charming cobblestone streets and take in the historic architecture.
9. Chelsea
Average 1-bedroom rent: $5,155
Apartments for rent in Chelsea
A well-loved New York neighborhood, Chelsea is the next area. Chelsea is home to the Chelsea Market, Madison Square Garden and the High Line, meaning there's plenty to do throughout the week. You'll find there are countless historic buildings in Chelsea, like The Joyce Theater, so make sure to explore the area's charm. If you need to commute to work, there are lots of options as the 7th Avenue subway station is nearby.
10. Lincoln Square
Average 1-bedroom rent: $5,004
Apartments for rent in Lincoln Square
The tenth most expensive neighborhood in New York is Lincoln Square. This area has a vibrant feeling with its popular restaurants and quirky shops. You can find parks like Central Park and Riverside Park, perfect for enjoying a sunny day in New York. Lincoln Square is also home to the Lincoln Center for the Performing Arts, providing residents with lots of opportunities to enjoy their neighborhood.
11. Brooklyn Heights
Average 1-bedroom rent: $4,987
Apartments for rent in Brooklyn Heights
Number 11 on our list is Brooklyn Heights. This neighborhood is located south of Manhattan in the Brooklyn borough. It’s a fantastic area if you're looking for a neighborhood with charming streets. You can find plenty of cozy cafes and lively restaurants along Atlantic Avenue, such as Chez Moi and Table 87. Brooklyn Heights is also close to parks like Brooklyn Bridge Park and the Brooklyn Heights Promenade, offering stunning views of Manhattan.
12. Hell's Kitchen
Average 1-bedroom rent: $4,986
Apartments for rent in Hell's Kitchen
Taking the 12th and final spot on our list of most expensive neighborhoods in New York is Hell's Kitchen. This famous neighborhood is located in between Lincoln Square and Chelsea. The average rent for a one-bedroom apartment is $4,986, compared to the city's average of $4,770. Hell's Kitchen's expensive rent may be offset by its famous attractions like the Intrepid Sea, Air & Space Museum, Birdland Jazz Club, Terminal 5, and the Hudson River Park. The convenience of these activities might be worth it to move to the neighborhood.
Methodology: Whether a neighborhood has an average 1-bedroom rent price over the city’s average. Average rental data from Rent.com in March 2024.
