Summary
March 2026 saw 20,386 new rental listings hit the NYC market, a 27% jump from February's 16,058 and the highest monthly volume since August 2025. Spring leasing season has arrived. Citywide median asking rent climbed to $3,700, up $50 from February and the highest figure in six months.
Across neighborhoods with comparable data, the median month-over-month change was modest. The extremes came from small, volatile markets as usual: Hudson Square surged 78% after dropping 23% last month, and Noho fell 20% after its own January spike.
The full dataset, 20,386 listings with 34 columns each, is available on the Open Data page.
By Bedroom Count
| Type | Listings | Median Rent | vs. February |
|---|---|---|---|
| Studio | 3,501 | $3,200 | +$5 |
| 1 Bedroom | 7,851 | $3,500 | +$5 |
| 2 Bedroom | 6,273 | $4,000 | $0 |
| 3 Bedroom | 2,273 | $4,200 | +$200 |
Volume rose across every bedroom type. The 3BR category posted the most notable price move, jumping $200 to $4,200 and separating from the 2BR tier after two months at parity. Studios and 1BRs barely budged on price despite significantly more inventory.
Median Rent Over Time
The three-month upward trend continues. After bottoming at $3,500 in December and January, median rent has climbed $200 across three consecutive months. March's $3,700 matches the September 2025 peak, though volume is still well below last summer's levels.
Listing Volume by Neighborhood
Top 20 Neighborhoods by Volume
The 20 neighborhoods with the most new listings in March 2026, with month-over-month median rent changes compared to February.
| # | Neighborhood | Listings | Median Rent | MoM |
|---|---|---|---|---|
| 1 | Williamsburg | 927 | $4,700 | -1% |
| 2 | Bushwick | 853 | $3,500 | 0% |
| 3 | Astoria | 596 | $2,995 | +1% |
| 4 | East Village | 531 | $4,990 | +10% |
| 5 | Upper West Side | 518 | $4,350 | +1% |
| 6 | Flatbush | 515 | $2,950 | 0% |
| 7 | Hell's Kitchen | 496 | $4,495 | 0% |
| 8 | Crown Heights | 491 | $3,430 | -2% |
| 9 | Yorkville | 490 | $4,000 | +5% |
| 10 | Stuyvesant Heights | 469 | $3,195 | -2% |
| 11 | Lenox Hill | 441 | $4,100 | +2% |
| 12 | Bedford-Stuyvesant | 389 | $3,500 | 0% |
| 13 | Greenpoint | 375 | $4,775 | -4% |
| 14 | Downtown Brooklyn | 355 | $4,500 | 0% |
| 15 | Hunters Point | 351 | $4,650 | +6% |
| 16 | Financial District | 347 | $4,795 | -2% |
| 17 | Murray Hill | 327 | $4,608 | -5% |
| 18 | Chelsea | 298 | $5,698 | +4% |
| 19 | West Village | 294 | $5,495 | 0% |
| 20 | Kips Bay | 271 | $4,497 | -8% |
Biggest Price Movements
Among neighborhoods with at least 10 listings in both February and March:
Largest drops: Noho (-20%), Carroll Gardens (-15%), Borough Park (-15%), Morningside Heights (-14%), Vinegar Hill (-10%)
Largest increases: Hudson Square (+78%), Little Italy (+30%), Soho (+26%), Upper East Side (+25%), Two Bridges (+20%)
Hudson Square's 78% spike is a textbook small-market reversion. It dropped 23% in last month's report, and with only a handful of listings, one or two luxury units can swing the median dramatically. The Upper East Side increase is more notable given its volume. Williamsburg reclaimed the top spot from Bushwick by 74 listings.