Summary
February 2026 recorded 16,058 new rental listings in New York City, down 8% from January's 17,412 but still above the winter lows of November (11,070). Citywide median asking rent rose to $3,650, up $100 from January and matching October's level, the highest since September's $3,700.
Across 139 neighborhoods with comparable data, the median month-over-month rent change was +1%. The biggest swings again came from smaller markets: Cobble Hill jumped 34% and Hudson Square dropped 23%.
The full dataset, 16,058 listings with 34 columns each, is available on the Open Data page.
By Bedroom Count
| Type | Listings | Median Rent | vs. January |
|---|---|---|---|
| Studio | 2,664 | $3,195 | +$95 |
| 1 Bedroom | 6,356 | $3,495 | +$68 |
| 2 Bedroom | 4,993 | $4,000 | +$5 |
| 3 Bedroom | 1,660 | $4,000 | $0 |
Every bedroom type saw rents hold steady or increase. Studios posted the largest jump at +$95, pushing past $3,200 for the first time since the fall. The 2BR and 3BR gap has fully closed. Both sit at exactly $4,000 median, making a 3BR the clear value play on a per-person basis.
Median Rent Over Time
After bottoming out at $3,500 in November and December, median rent has climbed for two consecutive months. The $3,650 February figure suggests an earlier-than-usual spring price recovery. Last year's uptick didn't start until March.
Listing Volume by Neighborhood
Top 20 Neighborhoods by Volume
The 20 neighborhoods with the most new listings in February 2026, with month-over-month median rent changes compared to January.
| # | Neighborhood | Listings | Median Rent | MoM |
|---|---|---|---|---|
| 1 | Bushwick | 664 | $3,498 | +2% |
| 2 | Williamsburg | 657 | $4,736 | +3% |
| 3 | Astoria | 452 | $2,980 | -1% |
| 4 | Hell's Kitchen | 446 | $4,495 | 0% |
| 5 | Flatbush | 382 | $2,950 | -1% |
| 6 | East Village | 372 | $4,525 | -4% |
| 7 | Yorkville | 361 | $3,795 | -8% |
| 8 | Crown Heights | 356 | $3,495 | 0% |
| 9 | Upper West Side | 354 | $4,300 | -6% |
| 10 | Bedford-Stuyvesant | 320 | $3,500 | +6% |
| 11 | Stuyvesant Heights | 310 | $3,250 | +3% |
| 12 | Lenox Hill | 308 | $4,000 | +3% |
| 13 | Greenpoint | 291 | $4,995 | +6% |
| 14 | Downtown Brooklyn | 286 | $4,500 | -5% |
| 15 | Hunters Point | 284 | $4,377 | -3% |
| 16 | Financial District | 278 | $4,888 | +6% |
| 17 | Murray Hill | 265 | $4,847 | +9% |
| 18 | Chelsea | 240 | $5,466 | +5% |
| 19 | West Village | 220 | $5,495 | +4% |
| 20 | Kips Bay | 202 | $4,875 | +10% |
Biggest Price Movements
Among neighborhoods with at least 10 listings in both January and February:
Largest drops: Hudson Square (-23%), Noho (-22%), Little Italy (-15%), East Williamsburg (-13%), Cliffside Park (-12%)
Largest increases: Cobble Hill (+34%), Kensington (+20%), Edgewater (+19%), Weehawken (+17%), Gravesend (+16%)
Noho dropped 22% after surging 39% in January, a clear reversion to the mean in a low-volume market. Bushwick overtook Williamsburg as the top neighborhood by volume for the first time, though only by 7 listings.