New York, New York Short-Term Rental Market
New York limits short-term rentals to hosted stays, yet September 2026 shows $195 ADR, 82.9% occupancy, $4,374 monthly revenue.
Quick Answer: New York, New York is an active short-term rental market. average occupancy is 83%. average monthly revenue is $4,374. average daily rate is $195. the top operator in New York is Blueground with 1,199 listings. market score is 63/100 (grade C).
Market Score Breakdown
Five dimensions StaySTRA evaluates per market.
Market Overview
New York City operates under one of the strictest short-term rental regimes in the United States, and any investor should read the regulatory section before the performance numbers. Entire-unit rentals under 30 days are effectively prohibited in most apartment buildings, and legal short-term operation is largely limited to hosted stays in the host’s primary residence. With that context, here is what the data shows for September 2026. The average daily rate was $195, occupancy was 82.9%, and the average listing earned $4,374 for the month. Compared with September 2025, occupancy rose 0.8%, ADR rose 4.6%, and revenue rose 1.7%. Demand comes from a very large visitor base. The city welcomed 65 million visitors in 2025, up 0.7% from 64.5 million in 2024, and its population is about 8.5 million. The New York area STR market tracks 23,394 listings by type: 14,482 entire places, 8,692 private rooms, and 220 shared rooms. By bedroom count the mix is heavily weighted to small units, with 16,438 one-bedroom listings, 4,299 two-bedroom, 1,556 three-bedroom, 622 four-bedroom, and 312 five-bedroom listings. On channels, 16,770 listings appear on Airbnb only, 1,505 on Vrbo only, and 5,119 on both. The tracked inventory does not tell you which listings are compliant with Local Law 18, so a buyer should not assume that a comparable listing in this data is legally operating as an unhosted short-term rental. The numbers below describe market behavior, not a legal path to replicate it.
Seasonal Patterns
| Month | Occupancy |
|---|---|
| Jan | 54% |
| Feb | 66% |
| Mar | 70% |
| Apr | 72% |
| May | 75% |
| Jun | 78% |
| Jul | 74% |
| Aug | 72% |
| Sep | 79% |
| Oct | 77% |
| Nov | 68% |
| Dec | 70% |
Month-by-month nightly rates and revenue figures for New York are available to StaySTRA Pro members. Unlock with StaySTRA Pro or analyze a specific address free.
Top Short-Term Rental Operators in New York
Ranked by total active listings. Useful for understanding the competitive landscape.
| # | Operator | Listings | Reviews | Rating |
|---|---|---|---|---|
| 1 | Blueground | 1,199 | 533 | ★ 4.29 |
| 2 | Urban Furnished | 326 | 1,045 | ★ 4.35 |
| 3 | Furnished Quarters | 273 | 240 | ★ 4.51 |
| 4 | Property Link Mgmt | 260 | 1,439 | ★ 4.60 |
| 5 | Settle Living | 170 | 47 | ★ 3.89 |
What Kind of STR Should I Buy in New York?
Revenue and nightly-rate breakdowns by bedroom count, property tier, and dwelling type for New York are available to StaySTRA Pro members. Unlock with StaySTRA Pro or analyze a specific address free.
Booking Channel Mix
Distribution of bookings across major STR platforms.
| Channel | Share |
|---|---|
| airbnb | 71.7% |
| vrbo | 6.4% |
| both | 21.9% |
Home Value Trends (New York)
Typical home values, median sale prices, and the 10-year price trend for New York are available to StaySTRA Pro members. Unlock with StaySTRA Pro or analyze a specific address free.
Booking Insights
Booking-window and length-of-stay analysis for New York — how far ahead guests book and how to price around it — is available to StaySTRA Pro members. Unlock with StaySTRA Pro or analyze a specific address free.
Short-Term Rental Regulations
New York City’s Local Law 18, effective September 5, 2023, is widely regarded as the strictest short-term rental law in the country, and it works as a de facto ban on investor-owned short-term rentals. Short-term rentals are permitted only with registration through the Mayor’s Office of Special Enforcement, at a cost of $145, renewed annually. The unit must be the host’s primary residence, occupied at least 183 days a year. The host must be present throughout every guest stay, no more than 2 guests may stay, and interior doors cannot be locked to keep guests out of shared areas. Entire-unit rentals under 30 days are prohibited in Class A multiple dwellings, which covers buildings with three or more units. The Prohibited Buildings List covers more than 21,000 buildings, including all NYCHA public housing and entire rent-regulated buildings. Co-op and condo bylaws often add further limits. Stays of 30 consecutive days or more are unrestricted. Platforms must verify registration before processing any booking under 30 nights and face penalties of up to $1,500 per violation. Hosts face fines of up to $5,000 per violation. Enforcement is rated strict, and active Airbnb listings dropped over 90% after it began. The occupancy tax is 14.75%. Recent changes include a statewide registry effective April 21, 2025, and a 4% state sales tax collected by platforms from March 2025. A proposed amendment that would ease rules for one- and two-unit homes remains in committee.
Market Comparison
New York pairs strong occupancy with a healthy rate premium at the top of the market. At 82.9% occupancy in September 2026, the market ran above its own 78.7% seasonal average for the month. The all-listings ADR was $195, while entire homes averaged $252 and luxury listings averaged $550. The year-over-year trend is positive on all three headline measures: occupancy up 0.8%, ADR up 4.6%, and revenue up 1.7%. The professional operator layer is large. Blueground leads with 1,199 listings, followed by Urban Furnished with 326, Furnished Quarters with 273, Property Link Mgmt with 260, and Settle Living with 170. Together those five manage 2,228 listings. Their ratings run from 3.89 for Settle Living to 4.60 for Property Link Mgmt. The dominance of furnished-rental operators fits a market where longer stays are common. For investors, the practical comparison is that demand is excellent but access is limited, so New York is a market to understand rather than a market to enter freely.
Frequently Asked Questions About New York, New York
Are short-term rentals legal in New York City?
What is the average Airbnb occupancy in New York?
What is the average daily rate for short-term rentals in New York?
How much do New York short-term rentals earn per month?
What is the gross yield on a New York short-term rental?
What is the best and worst month for New York STR occupancy?
What tax applies to New York short-term rentals?
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