Where rents are falling in the New York area
Rents, 1-year change, September 2026 · Zillow ZORI (Sep 2026), seasonally adjusted (Zillow) · updated 2026-11-15
Rents fell over the past year in 21 of the 275 ZIP codes in the New York area with figures; the median change was +4.6%.
The largest fall was 4.5% in ZIP code 07522 (Paterson, NJ), and the tenth-largest was 1.1% in ZIP code 07050 (Orange, NJ).
Rents rose 4.3% across the New York area and rose 2.9% nationally over the same 12 months.
Where rents are falling in the New York area: the 21
| Rank | ZIP code | Rents, 1-year change | Typical rent (monthly) | Home values, 1-year change |
|---|---|---|---|---|
| 1 | 07522Paterson, NJ | −4.5% | $1,996 | +4.9% |
| 2 | 10467Norwood, New York, NY | −3.7% | $2,362 | +8.1% |
| 3 | 11228Dyker Heights, New York, NY | −3.2% | $3,090 | +4.1% |
| 4 | 11365Flushing, New York, NY | −2.2% | $2,557 | +5.5% |
| 5 | 07112Newark, NJ | −2.0% | $1,972 | +1.5% |
| 6 | 07055Passaic, NJ | −1.9% | $2,055 | +2.1% |
| 7 | 07747Matawan, NJ | −1.7% | $2,711 | +5.1% |
| 8 | 07936East Hanover Township, NJ | −1.4% | $3,363 | +5.0% |
| 9 | 07058Pine Brook, NJ | −1.2% | $2,896 | +5.0% |
| 10 | 07050Orange, NJ | −1.1% | $1,970 | −0.8% |
| 11 | 07114Newark, NJ | −0.9% | $1,926 | −4.3% |
| 12 | 08873Somerset, NJ | −0.9% | $2,648 | +2.6% |
| 13 | 07927Cedar Knolls, NJ | −0.8% | $3,195 | +3.9% |
| 14 | 08830Iselin, NJ | −0.8% | $2,631 | +3.9% |
| 15 | 07070Rutherford, NJ | −0.6% | $2,427 | +7.2% |
| 16 | 10550Mount Vernon, NY | −0.6% | $2,603 | +1.7% |
| 17 | 08854Piscataway, NJ | −0.5% | $2,643 | +2.6% |
| 18 | 11550Hempstead, NY | −0.5% | $3,106 | +4.4% |
| 19 | 07017East Orange, NJ | −0.4% | $1,997 | +0.2% |
| 20 | 10960Nyack, NY | −0.3% | $2,776 | +7.5% |
| 21 | 11355Flushing, New York, NY | −0.3% | $2,735 | +2.5% |
- Under +2.0%
- +2.0% to +4.0%
- +4.0% to +5.0%
- +5.0% to +7.0%
- +7.0% or more
- Not ranked
More rankings for the New York area
- Cheapest ZIP codes
- Most expensive ZIP codes
- Where home prices are falling
- Where home prices are rising fastest
- Cheapest rent by ZIP code
- Highest rent by ZIP code
- Where rents are rising fastest
- Richest ZIP codes (household income)
- Cheapest suburbs
- Most expensive suburbs
- Richest suburbs (household income)
- Largest suburbs (population)
- New York metro area: all figures
Where rents are falling in other metro areas
- Los Angeles, CA
- Chicago, IL
- Dallas, TX
- Houston, TX
- Atlanta, GA
- Washington, DC
- Miami, FL
- Philadelphia, PA
- Phoenix, AZ
- Boston, MA
- Seattle, WA
- Minneapolis, MN
- Tampa, FL
- San Diego, CA
- Denver, CO
- Orlando, FL
- Charlotte, NC
- Baltimore, MD
- San Antonio, TX
- Austin, TX
- Portland, OR
- Sacramento, CA
- Las Vegas, NV
- Cincinnati, OH
- Nashville, TN
- Louisville, KY
- Memphis, TN
- Salt Lake City, UT
Source and method
Rents, 1-year change: Zillow ZORI (Sep 2026), seasonally adjusted (Zillow); figures for September 2026. ZIP codes with at least 1,000 residents and a published figure are ranked (275 of them in the New York area). Left out because the published figure is implausible next to the rest of the metro area: 11937, 11954, 11963, 11968, 11976. This page lists only the 21 where the figure fell. The metro area is the New York-Newark-Jersey City, NY-NJ metropolitan statistical area. Place names for ZIP codes are the neighborhood or city the ZIP code mostly covers. Compiled by Home Economics.
Zillow's "typical" home value and rent are index values for the middle of the market (the Zillow Home Value Index and Observed Rent Index), not median sale prices or asking rents. One-year changes are over the 12 months to September 2026. Income and population come from the Census Bureau's American Community Survey and carry sampling error, most of all in small places.