New Rochelle, New York Rental Market Trends

Disclaimer:

Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the New Rochelle, New York rental market.

New Rochelle, New York

Average Apartment Rent

$2,692

Y-o-Y Change in Average
Apartment Rent

8%

As of November 2024

Compared to a year ago, New Rochelle, New York apartments have recorded a 8% rent increase.

New Rochelle, New York Average apartment rent trend

Median Rent Nov 2021 Mar 2022 Jul 2022 Nov 2022 Mar 2023 Jul 2023 Nov 2023 Mar 2024 Jul 2024 Nov 2024
New Rochelle $2,351 $2,359 $2,499 $2,436 $2,398 $2,530 $2,493 $2,438 $2,531 $2,692
National $1,596 $1,635 $1,708 $1,726 $1,714 $1,739 $1,733 $1,727 $1,752 $1,748
New Rochelle
National
Nov 2021
$2,351
$1,596
Mar 2022
$2,359
$1,635
Jul 2022
$2,499
$1,708
Nov 2022
$2,436
$1,726
Mar 2023
$2,398
$1,714
Jul 2023
$2,530
$1,739
Nov 2023
$2,493
$1,733
Mar 2024
$2,438
$1,727
Jul 2024
$2,531
$1,752
Nov 2024
$2,692
$1,748

New Rochelle, New York Average Apartment Rent

New Rochelle, New York Apartment rent ranges

Under $500
$501 - $700
$701 - $1000
$1,001 - $1,500
$1,501 - $2,000
Over $2,000

At 85.76%, apartments priced Over $2,000 represent the bulk of New Rochelle, New York rentals, while condos priced $700 - $1000 hold the lowest share of the market – 1.4%.

New Rochelle, New York Housing tenure**

Renter occupied housing units 14,331
Owner occupied housing units 15,574

Renters take up 48% of New Rochelle, New York real estate, occupying a total of 14,331 units, while homeowners live in 15,574 properties.

Median number of rooms of renter-occupied housing units**

3.7

Renter median household income**

$57,418

Average household size of renter-occupied housing units**

2.29

Rental vacancy rate**

1.5%

New Rochelle, New York Renter-occupied housing units by no. of bedrooms**

No bedrooms 1,611
1 bed 5,574
2 beds 4,585
3 beds 2,125
4 beds 346
5 or more beds 90

There are 5,574 rentals in New Rochelle, New York with 1 bed making up the highest share of the market, at 39%. Units with 5 or more beds, on the other hand, hold the lowest percentage (1%), amounting to 90 units. Overall, the median number of rooms in New Rochelle, New York homes for rent is 3.7.

New Rochelle, New York Renter-occupied units by age of householder**

15 - 24 years 515
25 - 34 years 2,358
35 - 44 years 2,935
45 - 54 years 2,259
55 - 59 years 1,425
60 - 64 years 1,199
65 - 74 years 1,719
75 - 84 years 1,355
85 years and over 566

Most condos for rent in New Rochelle, New York are occupied by residents in the 35 - 44 years age group (20%), followed by those in the 45 - 54 years age group (16%). At the same time, people in the 15 - 24 years age group make up the lowest share of the local rental market – 4%.

New Rochelle, New York Renter-occupied housing units by family type**

Family households 7,581
Non-Family Households 6,750

New Rochelle, New York Renter-occupied housing units by the presence of own children**

With related children of the householder under 18 3,856
No related children of the householder under 18 10,475

A total of 7,581 apartments for rent in New Rochelle, New York, or 53% of all rentals are family households. Additionally, 27% of rental homes include children under the age of 18 – that’s 3,856 units. All in all, the median size of a renter-occupied household in New Rochelle, New York is 2.29.

New Rochelle, New York Renter-occupied housing units by educational attainment**

Less than high school graduate 2,337
High school graduate (including equivalency) 3,698
Some college or associate's degree 2,927
Bachelor's degree or higher 5,369

In terms of education, renters holding bachelor degrees or higher make up 37% of the rental market. In contrast, residents with less than a high school degree reside in 16% of the homes for rent in New Rochelle, New York.

New Rochelle, New York Renter-occupied units by year structure built**

Built 2010 - 2019 814
Built 2000 - 2009 1,513
Built 1990 - 1999 694
Built 1980 - 1989 1,032
Built 1970 - 1979 976
Built 1960 - 1969 2,169
Built 1950 - 1959 2,046
Built 1940 - 1949 905
Built 1939 or earlier 4,154

The highest share of New Rochelle, New York apartment rentals, namely 29% or 4,154 units, were Built 1939 or earlier, followed by those Built 1960 - 1969 (15%, 2,169 units), and the ones Built 1950 - 1959 (14%, 2,046 units).

New Rochelle, New York Renter-occupied units by year householder moved in**

Moved in 2021 or later 793
Moved in 2018 to 2020 3,609
Moved in 2010 to 2017 5,290
Moved in 2000 to 2009 2,469
Moved in 1990 to 1999 1,190
Moved in 1989 or earlier 980

Median year renter moved into unit 2014

Most New Rochelle, New York renters (37%) moved in 2010 to 2017, while only 6% of them moved in 2021 or later. Overall, the median year renters have occupied their New Rochelle, New York condos for rent is 2014.

New Rochelle, New York Renter-occupied housing units by vehicles available**

No vehicle available 4,101
1 vehicle available 6,791
2 vehicles available 2,771
3 vehicles available 543
4 or more vehicles available 125

When it comes to transportation options, 47% of New Rochelle, New York renters have 1 vehicle available per household, 29% of them have No vehicle available, and 19% have 2 vehicles available.

New Rochelle, New York Means of transportation to work of householders living in renter-occupied housing units**

Car, truck, or van - drove alone 7,498
Car, truck, or van - carpooled 1,472
Public transportation (excluding taxicab) 3,550
Walked 1,822
Taxicab, motorcycle, bicycle, or other means 553
Worked at home 1,440

New Rochelle, New York Geographical mobility in the past year for householders living in renter-occupied housing units**

Same house as 1 year ago 27,971
Moved within same county 2,406
Moved from different county within same state 1,082
Moved from different state 383
Moved from abroad 399

New Rochelle, New York Average apartment rent by zip codes


The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all New Rochelle, New York apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.

*Average single-family rent calculated from point2homes.com data.

**Data sourced from U.S. Census Bureau; American Community Survey, 2022 American Community Survey 5-Year Estimates

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