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Beyond NYC, White Plains has highest rent for New York


While New York City has the most expensive rental housing market in the Empire State, White Plains’ rents represent the highest beyond the Big Apple.

cafe rentalAccording to a RENTCafé analysis of New York state rents in May outside of the five boroughs, White Plains topped the state with an average monthly rent of $2,792. Other regional cities at the top of the RENTCafé list were third-ranked New Rochelle at an average rent of $2,113, fourth-ranked Yonkers at $2,026 and eighth-ranked Poughkeepsie at $1,435. The lowest average rent among the state’s localities was in Erie County’s Cheektowaga, with an average apartment rent of $860.

And while the Westchester rents might cause apprehension with some potential renters, these represent affordable housing compared with Manhattan’s average rent of $4,200, which RENTCafé identified as the nation’s highest in May among the major renter hubs. In comparison, second-ranked renter hub Los Angeles carried an average rent of $2,478.

RENTCafe.com is a nationwide apartment search website. The data on average rents included in its reports come directly from “competitively rented (market-rate) large-scale multifamily properties (50-plus units in size), via telephone survey.”

The data is compiled and reported by sister company Yardi Matrix, a business development and asset management tool for brokers, sponsors, banks and equity sources underwriting investments in the multifamily, office, industrial and self-storage sectors.

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