New Rochelle, New York Rental Market Trends
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
New Rochelle, New York Average Apartment Rent
New Rochelle, New York Apartment rent ranges
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**
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**
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**
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**
New Rochelle, New York Renter-occupied housing units by the presence of own children**
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**
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**
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**
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**
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**
New Rochelle, New York Geographical mobility in the past year for householders living in renter-occupied housing units**
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