Yonkers, NY Rental Market
Yonkers is the fourth-largest city in New York State and the closest substantial city to Manhattan in Westchester County. Direct Metro-North Hudson Line service delivers commuters to Grand Central Terminal in under 30 minutes, making Yonkers the most accessible and affordable NYC commuter option for renters priced out of Manhattan and the outer boroughs. A mix of pre-war apartment buildings, newer waterfront developments along the Hudson River, and suburban-style single-family homes gives Yonkers a diverse rental supply across price points.
Get a rent estimate for an address in YonkersAverage Rent in Yonkers, NY
$2,100
per month · 2026-06
Market Score
Key Facts — Yonkers, NY Rental Market
- Average rent in Yonkers, NY:$2,100/mo
- Median rent:$1,932/mo
- Rent range:$1,050 – $4,600/mo
- Most common rental (2 bedrooms):$1,850/mo
- Active listings:380
- Avg days to lease:28 days
- Year-over-year change:+3.5%
- Median home value:$450,000
- Est. gross annual yield:5.6%
- Data as of:2026-06
Rent by Bedroom in Yonkers, NY
Average monthly rent for each bedroom type based on current active listings in Yonkers.
| Bedroom Type | Avg Rent/mo |
|---|---|
1 Bedroom | $1,500/mo |
2 Bedrooms | $1,850/mo |
3 Bedrooms | $2,350/mo |
4 Bedrooms | $2,900/mo |
5 Bedrooms | $3,325/mo |
Yonkers Rental Market Statistics
Key indicators from the current Yonkers, NY rental market.
380
Available now in Yonkers
28
From list to lease
$1.50
Average across listings
1,400 sq ft
Typical rental size
$1,050 – $4,600
Min to max active listings
+3.5%
Avg rent vs. prior year
Investing in Yonkers, NY Rental Properties
Estimated returns based on current market rents and median home values. Perform full due diligence before investing.
Median Home Value
$450,000
Typical purchase price in Yonkers
Est. Gross Annual Yield
5.6%
Before expenses & vacancy
Avg Monthly Income
$2,100
At average market rent
Gross yield = (avg rent × 12) ÷ median home value. Does not include expenses, financing, vacancies, or management fees. Analyze a specific property in Yonkers for a full cash-flow breakdown including all costs.
Yonkers, NY Rental Market FAQ
Common questions about renting and investing in Yonkers, NY.
What is the average rent in Yonkers, NY?
The average rent in Yonkers, NY is $2,100 per month as of 2026. One-bedroom apartments average $1,500/mo, two-bedrooms $1,850/mo, and three-bedroom units $2,350/mo. Yonkers offers rents roughly 40–50% below comparable Manhattan apartments while maintaining a sub-30-minute commute to Midtown via Metro-North.
Is Yonkers, NY a good place to invest in rental property?
Yonkers offers an estimated 5.6% gross annual yield — lower than upstate markets but supported by strong, NYC-anchored demand and a growing tenant base of young professionals who commute to Manhattan. The Hudson River waterfront redevelopment and continued investment in the downtown core are driving appreciation that complements the rental income picture.
How does Yonkers compare to New Jersey as an NYC commuter alternative?
Yonkers offers a comparable commute time to Manhattan as Jersey City or Newark via Metro-North to Grand Central — often more convenient than PATH or NJ Transit for Midtown-bound commuters. Rents in Yonkers are generally lower than Jersey City but similar to or slightly above Newark, making Yonkers competitive for commuters who work north of 42nd Street.
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