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Studio Apartment for Rent in Hempstead, NY

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    Starting at $1,678 Per Month

    • Studio - 2 Beds

    23 Bedell St, Hempstead, NY 11550

    WAITLIST OPEN!!!Bedell Terrace Apartments LP has 245 affordable units in 32 buildings, the majority of which are one bedroom apartments. Our apartments have new kitchen cabinets, energy-star refrigerator, new flooring along with new bathroom vanities and medicine cabinets. The entire community has new windows and doors. We offer 24 hour surveillance system & Access control system. We are

    Bedell Terrace

    (516) 844-0132

    23 Bedell St, Hempstead, NY 11550

Why Live in Hempstead

Hempstead, New York, is a historic transportation hub with a population of nearly 60,000 and a median age of 35. The city has a rich history, once serving as a mercantile center in the mid-1800s and now featuring a network of roads and the Hempstead Branch of the Long Island Rail Road. Downtown Hempstead, known as the Village, is undergoing revitalization with a master plan to create a walkable business district with retail shops, eateries, and amenities. The area is also home to major medical institutions like NYU Langone Hospital and Hofstra University, which significantly contribute to the local economy. Residential areas in Hempstead offer a quiet suburban atmosphere with sidewalks and shaded lots. Home styles range from modest ranch-style and Cape Cod-influenced homes to traditional bi-level and Tudor homes. The city’s parks, such as Kennedy Memorial Park and the evolving Village Green, provide ample recreational opportunities, while the Hempstead Golf & Country Club offers an 18-hole course and other amenities. Shopping and dining options are plentiful, with large grocers and locally owned eateries spread across the city. Commuters benefit from the Hempstead Long Island Rail Road station and the Rosa Parks Transit Center, making it a bustling hub during the day. However, residents have raised concerns about water quality and gang violence, prompting efforts to address these issues.

Frequently Asked Questions

How much does it cost to rent a home in Hempstead, NY?
The median rent for a home in Hempstead, NY is $3,800 per month, though prices vary by neighborhood, size, and property type. As of May 2026, condos tend to be the most affordable option while townhouses and single-family homes are currently more expensive.
How much do you need to make to afford rent in Hempstead, NY?
To comfortably afford the median rent in Hempstead, NY, a household needs to earn roughly $152,000 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 $3,800 per month in Hempstead, NY, renters typically need to show $11,400 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 Hempstead, NY?
In Hempstead, NY, the price-to-rent ratio is 14.3, 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.

Rental Home Trends in Hempstead, NY

Rental Home Trends

Number of Homes for Rent
1
Median Rent
$3,800
Median Single Family Home Rent
$4,500
Median Townhouse Rent
$3,100
Median Condo Rent
$2,922
How to Rent a Home