New York-Newark-Jersey City, NY-NJ Average Rent & Rental Yield
Compare average asking rent (median), gross rental yield, home value, and transaction activity before moving into listing-level underwriting or investor discovery.
Average rent in New York-Newark-Jersey City, NY-NJ
The median asking rent in New York-Newark-Jersey City, NY-NJ is $3,400 as of July 2026, based on active rental listings across the metro. We report the median — the midpoint of asking rents — because it tracks the typical listing more reliably than a simple average, which luxury and outlier listings can skew.
Against an average home value of $628,332, that rent level prices New York-Newark-Jersey City, NY-NJ at a 6.74% gross rental yield — compared with 7.21% across New Jersey.
Metro vs state rental signal
The metro read is a first-pass screen. Compare it with the state baseline, then pressure-test taxes, insurance, vacancy, rehab, and financing assumptions at the property level.
Nearby metro yield comparison
Compare this metro with other New Jersey markets and jump directly into Rental Insights or a public metro report when a yield page is available.
New York-Newark-Jersey City, NY-NJ rent and yield FAQ
Quick answers based on the latest New York-Newark-Jersey City, NY-NJ rental listing and transaction data.
What is the average rent in New York-Newark-Jersey City, NY-NJ?
As of July 2026, the median asking rent in New York-Newark-Jersey City, NY-NJ is $3,400. SFR Analytics reports the median of active rental listings rather than a simple average so outlier luxury listings do not distort the figure.
What is a good rental yield in New York-Newark-Jersey City, NY-NJ?
New York-Newark-Jersey City, NY-NJ currently prices at a 6.74% gross rental yield, versus 7.21% across New Jersey. Treat gross yield as a first-pass screen — it excludes taxes, insurance, vacancy, rehab, and financing, so underwrite at the property level before acting on it.
Move from New York-Newark-Jersey City, NY-NJ market context to property-level screening
Open Rental Insights with New York-Newark-Jersey City, NY-NJ selected, then pair the yield signal with investor activity and rental data workflows.