Moving in or out mid-month in New York City? Enter your monthly rent and date to calculate exactly what you owe for a partial month, with New York deposit and notice rules for 2026.
Last updated: May 2026 · Data: MIT Living Wage Calculator, C2ER, U.S. Census, BLS, IRS, state and city sources
Prorated rent is what you pay for a partial month when you move in or out on a day other than the first. With average New York City rent near $3,500/month, the standard method divides monthly rent by the days in the month and multiplies by days occupied. New York's Housing Stability and Tenant Protection Act caps security deposits at one month's rent and requires landlords to return the deposit, with an itemized statement of any deductions, within 14 days of move-out. Ending a month-to-month tenancy requires at least 30 days' written notice, and more for tenancies of a year or longer.
| Rule (New York) | Detail |
|---|---|
| Average 1-bedroom rent | $3,500/month |
| Average 2-bedroom rent | $4,100/month |
| Security deposit limit | one month's rent (statewide cap) |
| Deposit return deadline | 14 days after move-out |
| Month-to-month notice | at least 30 days written notice |
| Standard proration formula | Rent ÷ days in month × days occupied |
Example: rent is $3,500, move-in is the 10th of a 30-day month, so 21 days remain. Prorated rent is ($3,500 ÷ 30) × 21 = $2,450.
New York City is the largest city in the United States and a global capital of finance, media, technology, fashion, and the arts, with Wall Street, a dense headquarters economy, world-leading tourism, and the highest cost of living of any major U.S. metro.
| Local Metric | New York City (2026 estimate) |
|---|---|
| Metro population | 8.3 million |
| County / jurisdiction | the five boroughs |
| Cost of living index (US avg = 100) | 168 |
| MIT living wage, single adult | $26.50/hour |
| MIT living wage, one earner supporting a family of four | $51.00/hour |
| Applicable minimum wage | $17.00/hour |
| Average rent, 1-bedroom | $3,500/month |
| Average rent, 2-bedroom | $4,100/month |
| Median home price | $760,000 |
| Median household income | $76,000/year |
| Combined sales tax rate | 8.875% |
| Effective property tax rate | 0.88% of value/year |
Local figures are 2026 estimates compiled from the MIT Living Wage Calculator, the C2ER Cost of Living Index, U.S. Census and Zillow housing data, and city and county sources. Verify current figures before relying on them.
Divide your monthly rent by the number of days in the move-in month, then multiply by the days you occupy the unit. For example, $3,500 rent divided by 30 days times 15 days occupied is $1,750. Use the calculator above for your dates.
Average rent in New York City is about $3,500/month for a 1-bedroom and $4,100 for a 2-bedroom, which is why getting proration right matters when you move mid-month.
In New York the security deposit limit is one month's rent (statewide cap). The deposit must be returned within 14 days of move-out with an itemized statement of any deductions. New York's Housing Stability and Tenant Protection Act caps security deposits at one month's rent and requires landlords to return the deposit, with an itemized statement of any deductions, within 14 days of move-out. Ending a month-to-month tenancy requires at least 30 days' written notice, and more for tenancies of a year or longer.
In New York, at least 30 days of written notice generally ends a month-to-month tenancy, though your lease may require more. Notice timing also affects your final prorated rent.
There is no statute mandating a specific proration method in New York, but most landlords prorate as standard practice. Confirm the method in writing in your lease before signing to avoid disputes.