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.
New York-Newark-Jersey City, NY-NJ rent and rental yield comparison
The current New York-Newark-Jersey City, NY-NJ baseline is $3,400 median asking rent and 6.74% gross rental yield. Compare rent, yield, and home values with selected New Jersey metros, then open a public report or Rental Insights for property-level follow-up.
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD median asking rent is $2,700, $700 (20.6%) lower than the $3,400 median asking rent in New York-Newark-Jersey City, NY-NJ.
- Median rent
- $2,700
- Gross yield
- 9.72%
- Avg home value
- $324,431
Atlantic City-Hammonton, NJ
Atlantic City-Hammonton, NJ median asking rent is $2,750, $650 (19.1%) lower than the $3,400 median asking rent in New York-Newark-Jersey City, NY-NJ.
- Median rent
- $2,750
- Gross yield
- 8.87%
- Avg home value
- $382,037
Trenton-Princeton, NJ
Trenton-Princeton, NJ median asking rent is $2,600, $800 (23.5%) lower than the $3,400 median asking rent in New York-Newark-Jersey City, NY-NJ.
- Median rent
- $2,600
- Gross yield
- 9.84%
- Avg home value
- $316,523
Vineland, NJ
Vineland, NJ median asking rent is $2,100, $1,300 (38.2%) lower than the $3,400 median asking rent in New York-Newark-Jersey City, NY-NJ.
- Median rent
- $2,100
- Gross yield
- 11.78%
- Avg home value
- $201,030
Allentown-Bethlehem-Easton, PA-NJ
Allentown-Bethlehem-Easton, PA-NJ median asking rent is $2,350, $1,050 (30.9%) lower than the $3,400 median asking rent in New York-Newark-Jersey City, NY-NJ.
- Median rent
- $2,350
- Gross yield
- 9.18%
- Avg home value
- $300,553
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.