$6,300 Per Month
- 1 Bed
- 1.5 Baths
- 865 Sq Ft
- Condo for Rent
150 W 56th St Unit 4712, New York, NY 10019
150 W 56th St Unit 4712, New York, NY 10019
Frequently Asked Questions
How much does it cost to rent a condo in New York, NY?
The median rent for a condo in New York, NY is $5,250 per month, though prices vary by neighborhood, size, and property type. As of August 2026, townhouses tend to be the most affordable option while single-family homes and condos are currently more expensive.
How much do you need to make to afford rent in New York, NY?
To comfortably afford the median rent in New York, NY, a household needs to earn roughly $213,600 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 $5,340 per month in New York, NY, renters typically need to show $16,020 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 York, NY?
In New York, NY, the price-to-rent ratio is 20.4, 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 York, NY are best for renting a condo?
The best neighborhood for renting in New York, NY depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a condo include Bushwick, Bed-Stuy, Williamsburg, South Williamsburg and Clinton Hill, each with its own character and price range.
