Free ResearchDecember 2024

NYC Rent Seasonality Study

We analyzed 15,000+ user-submitted rent data points across New York City to uncover the best times to sign a lease. This free study reveals exactly when rents drop, competition fades, and landlords become desperate to fill vacancies.

2025 Market Data

NYC Rent Calendar

Time your lease perfectly. See when rents drop, competition fades, and landlords become desperate to negotiate.

💡
Quick Insight

Sign in December instead of July and save up to $350/month (~$4k/year) on a typical NYC apartment.

Cheapest Month
December
-4% vs average
Most Expensive
July
+6% vs average
Price Swing
10%
Peak to trough
Vacancy Rate
1.6%winter
vs 1.2% summer

Seasonal Price Patterns

How NYC rents fluctuate throughout the year

Price vs Average

How much rents differ from yearly average

Winter (best deals)
Summer (peak prices)
Price vs Average

Month-by-Month Analysis

Detailed breakdown with market intelligence

MonthRent Δ
❄️
January
winter
-3%
❄️
February
winter
-2%
🌸
March
spring
-1%
🌸
April
spring
+1%
🌸
May
spring
+3%
☀️
June
summer
+5%
☀️
July
summer
+6%
☀️
August
summer
+5%
🍂
September
fall
+3%
🍂
October
fall
+1%
🍂
November
fall
-2%
❄️
December
winter
-4%

Tip: Hover over rows for details. Winter months (highlighted in teal) offer the best value.

Best value months
Peak price months
Neutral months
❄️

Best Months to Sign

Maximum savings & negotiating power

1January
-3%

Post-holiday lull. Less competition for listings.

55% negotiation power28 avg days on market
2February
-2%

Still slower season. Some negotiating room.

50% negotiation power26 avg days on market
3November
-2%

Slow season begins. Landlords more flexible.

48% negotiation power24 avg days on market
4December
-4%

Slowest month. Best chance for concessions.

58% negotiation power30 avg days on market
☀️

Months to Avoid

Peak prices & fierce competition

1June
+5%

Peak season. College grads flooding market.

18% negotiation power10 avg days on market
2July
+6%

Highest demand of the year. Maximum competition.

15% negotiation power8 avg days on market
3August
+5%

Still peak season. Limited negotiating room.

18% negotiation power10 avg days on market

Strategic Timing Guide

Maximize your savings with these proven tactics

❄️

Winter Strategy (Nov-Feb)

  • Ask for 1-2 months free rent upfront
  • Negotiate on lease length for more flexibility
  • Request reduced security deposit
  • Ask landlord to cover broker fee
  • Push for rent freeze on renewal
☀️

If You Must Rent in Summer

  • Start searching 60+ days early
  • Be ready to apply same day
  • Have all documents prepared in advance
  • Consider slightly less popular neighborhoods
  • Look for newly listed units (less competition)

Current Market Prices

Real median rents from thousands of active listings

Historical Rent Trends

How NYC rents have changed over the past 15 years

NYC Rent Inflation Over Time

Median 1-bedroom rent, 2010-2025

15-Year Change
+51%
Avg Yearly
+3.4%
Peak
$3,700
2025
COVID Low
$2,780
2021
Key market events
Median 1BR rent
2010-2019

Steady growth averaging 2.8% yearly. Market reached $3,200 pre-pandemic.

2020-2021

COVID exodus dropped rents 13%. Concessions peaked at 3+ months free.

2022-2025

Record surge in 2022. Market continues setting all-time highs through 2024-25.

Data sources: StreetEasy Rent Index, NYC Rent Guidelines Board, Census Bureau ACS. Values represent median asking rent for 1-bedroom apartments in NYC.

Understanding NYC's Rental Seasons

❄️The Winter Advantage

Winter months (November through February) offer the best opportunities for NYC renters. While overall vacancy remains tight at around 1.6%, fewer renters are searching, giving you more time to view apartments and make decisions without the summer frenzy.

  • Lower competition means more time to make decisions
  • Some landlords offer concessions to avoid winter vacancies
  • Better leverage for lease term negotiations

☀️Why Summer Is More Competitive

Peak season (June through August) sees the most intense competition. With vacancy dropping to 1.2% and apartments renting in under 10 days, you'll need to move fast and have all your documents ready.

  • College graduates flood the market in June
  • Families prefer moving when school is out
  • Limited negotiating power when demand is high
💡

Pro Tip: Strategic Lease Timing

If your current lease ends in summer, negotiate a shorter renewal (9-10 months) or go month-to-month so your next lease hunt falls in winter. The initial premium you pay is often recovered through the better deal you'll get on your next lease.

About this data: Our rent calendar is based on historical NYC rental market data and seasonal trends observed across thousands of listings. Actual savings may vary by neighborhood, building type, and market conditions.

Next steps

Last updated: 2025-12-22Data sourcesHow scoring worksRenter checklist