$3,800 Per Month
- 2 Beds
- 1 Bath
- 1,100 Sq Ft
- Condo for Rent
7 Bond St Unit 3Er, Great Neck, NY 11021
7 Bond St Unit 3Er, Great Neck, NY 11021
Frequently Asked Questions
How much does it cost to rent a condo in Great Neck, NY?
The median rent for a condo in Great Neck, NY is $4,100 per month, though prices vary by neighborhood, size, and property type. As of August 2026, townhouses tend to be the most affordable option while condos and single-family homes are currently more expensive.
How much do you need to make to afford rent in Great Neck, NY?
To comfortably afford the median rent in Great Neck, NY, a household needs to earn roughly $236,000 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $5,900 per month in Great Neck, NY, renters typically need to show $17,700 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Great Neck, NY?
In Great Neck, NY, the price-to-rent ratio is 15.5, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.
What neighborhoods in Great Neck, NY are best for renting a condo?
The best neighborhood for renting in Great Neck, NY depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a condo include Murray Hill-Broadway, Flushing-Willets Point, Central Jamaica and Baychester, each with its own character and price range.
