$5,300 Per Month
- 3 Beds
- 2.5 Baths
- 2,000 Sq Ft
- House for Rent
5 Crosby Place, New Rochelle, NY 10801
5 Crosby Place, New Rochelle, NY 10801
Frequently Asked Questions
How much does it cost to rent a home in New Rochelle, NY?
The median rent for a home in New Rochelle, NY is $2,976 per month, though prices vary by neighborhood, size, and property type. As of August 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 New Rochelle, NY?
To comfortably afford the median rent in New Rochelle, NY, a household needs to earn roughly $119,040 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 $2,976 per month in New Rochelle, NY, renters typically need to show $8,928 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 New Rochelle, NY?
In New Rochelle, NY, the price-to-rent ratio is 15.7, 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 New Rochelle, NY are best for renting a home?
The best neighborhood for renting in New Rochelle, NY depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a home include Downtown New Rochelle, Village of Pelham, West End, North Side and Crestwood, each with its own character and price range.
