Yonkers, 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 Yonkers, New York rental market.
Highlights
An apartment for rent in Yonkers, New York typically goes for $2,461 per month, while a single-family home for rent in Yonkers, New York has a monthly cost of around $3,795. Renter-occupied units make up 52% of the local housing market, while the rental vacancy rate in Yonkers, New York is at 3.1.
Yonkers, New York
Average Apartment Rent
$2,461
Y-o-Y Change in Average
Apartment Rent
-0.8%
Average Single-Family Rent
$3,795
As of July 2024
Compared to a year ago, Yonkers, New York apartments have recorded a -0.8% rent decrease.
Yonkers, New York |Average apartment rent trend
Yonkers, New York| Average apartment rent
Yonkers, New York | Apartment rent ranges
At 72.86%, apartments priced Over $2,000 represent the bulk of Yonkers, New York rentals, while condos priced $1,000 - $1,500 hold the lowest share of the market – 1.62%.
Yonkers, New York | Housing tenure**
Renters take up 52% of Yonkers, New York real estate, occupying a total of 42,151 units, while homeowners live in 39,319 properties.
Median number of rooms of renter-occupied housing units**
3.8
Renter median household income**
$54,780
Average household size of renter-occupied housing units**
2.52
Rental vacancy rate**
3.1%
Yonkers, New York | Renter-occupied housing units by no. of bedrooms**
There are 14,796 rentals in Yonkers, New York with 2 beds making up the highest share of the market, at 35%. Units with 5 or more beds, on the other hand, hold the lowest percentage (1%), amounting to 336 units. Overall, the median number of rooms in Yonkers, New York homes for rent is 3.8.
Yonkers, New York |Renter-occupied units by age of householder**
Most condos for rent in Yonkers, New York are occupied by residents in the 35 - 44 years age group (20%), followed by those in the 25 - 34 years age group (20%). At the same time, people in the 85 years and over age group make up the lowest share of the local rental market – 3%.
Yonkers, New York | Renter-occupied housing units by family type**
Yonkers, New York | Renter-occupied housing units by the presence of own children**
A total of 25,117 apartments for rent in Yonkers, New York, or 60% of all rentals are family households. Additionally, 34% of rental homes include children under the age of 18 – that’s 14,491 units. All in all, the median size of a renter-occupied household in Yonkers, New York is 2.52.
Yonkers, New York | Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 24% of the rental market. In contrast, residents with less than a high school degree reside in 22% of the homes for rent in Yonkers, New York.
Yonkers, New York | Renter-occupied units by year structure built**
The highest share of Yonkers, New York apartment rentals, namely 25% or 10,676 units, were Built 1939 or earlier, followed by those Built 1960 - 1969 (14%, 6,049 units), and the ones Built 1970 - 1979 (14%, 5,974 units).
Yonkers, New York | Renter-occupied units by year householder moved in**
Median year renter moved into unit2014
Most Yonkers, New York renters (46%) moved in 2010 to 2017, while only 5% of them moved in 2021 or later. Overall, the median year renters have occupied their Yonkers, New York condos for rent is 2014.
Yonkers, New York | Renter-occupied housing units by vehicles available**
When it comes to transportation options, 43% of Yonkers, New York renters have 1 vehicle available per household, 38% of them have No vehicle available, and 15% have 2 vehicles available.
Yonkers, New York | Means of transportation to work of householders living in renter-occupied housing units**
Yonkers, New York |Geographical mobility in the past year for householders living in renter-occupied housing units**
Yonkers, 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 Yonkers, 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
