Cost of Renting Alone in NYC

How Much Money Do You Need to Make to Rent an Apartment Alone in New York?


Yes, we all know that the rent in New York City really is too damn high, and it’s far from likely that the rent is going to go down any time soon. Landlords usually require a tenant to make 40 times a month’s rent in yearly salary. In other words, if the rent is $1,000/month, then you need to make at least $40,000/year. If you don’t meet the requirements, you’ll usually need a guarantor who makes 80 times the rent.

If mommy and daddy aren’t there to support your dreams of making it in the big city, chances are you’re going to wind up having to live with a roommate, which we think is ABSOLUTELY AWESOME. Living with a roommate in New York City will also save you a ton of money. We’re not going to go on about why we think shacking up with a roommate is just about the best thing ever, but we will tell you what the minimum monetary requirement is for living alone in Manhattan.

According to rental data released by Douglas Elliman, we bring you the minimum salary requirements for living alone without a guarantor in New York City.

How much money do I need to make to rent an apartment alone in Manhattan?

Hell's Kitchen New York

  • Studio: with a median rent of $2,559, you’ll have to make at least $102,360.
  • One-bedroom: with a median rent of $3,427, you’ll have to make at least $137,080.
  • Two-bedroom: with a median rent of $4,595, you’ll have to make at least $183,800.
  • Three-plus-bedroom:with a median rent of $5,995, you’ll have to make at least $239,800.

How much money do I need to make to rent an apartment alone in Brooklyn?

Park Slope Brooklyn

  • Studio: with a median rent of $2,406, you’ll have to make at least $96,240. 
  • One-bedroom: with a median rent of $2,650, you’ll have to make at least $106,000 
  • Two-bedroom: with a median rent of $3,430, you’ll have to make at least $137,200.
  • Three-plus-bedroom: with a median rent of $4,287, you’ll have to make at least $171,480.

How much money do I need to make to rent an apartment alone in Queens?

Astoria Queens

  • Studio: with a median rent of $2,468, you’ll have to make at least $98,720.
  • ​One-bedroom: with a median rent of $2,957, you’ll have to make at least  $118,280.
  • Two-bedroom: with a median rent of $3,790, you’ll have to make at least $151,600.
  • Three-plus-bedroom: with a median rent of $5,500, you’ll have to make at least $220,000.