What has the influx of new residents meant for New Rochelle?

For newcomers like Aaron Thornton, who traded Manhattan's Upper East Side for a $3,600 two-bedroom with amenities in New Rochelle, the decision was an easy one, as they couldn't have raised a family in the city due to the lack of space. However, not all residents are celebrating, with some longtime locals citing the "pains of construction" and concerns that newcomers are not fully integrating into the community.

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New Rochelle Bucks Rent Surge, Keeps Prices Flat Amid Building Boom

Q: What is the secret behind New Rochelle's ability to keep rents flat?

The secret is a decade-long construction blitz that has added over 4,500 new apartments to the city's housing supply since 2014, with another 6,500 units planned.

Q: How do New Rochelle's rent increases compare to nearby markets?

While median rents in New York City and nearby New Jersey markets have jumped 25% or more since 2020, New Rochelle has only experienced a 1.6% increase, and even saw a 2% drop from 2020 to 2023.

8 Aug

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Summary

New Rochelle rents rose only 1.6% since 2020, while NYC and NJ jumped 25%
City added over 4,500 apartments since 2014, with 6,500 more planned
Newcomers drawn by affordable rents, space for growing families

New Rochelle Bucks Rent Surge, Keeps Prices Flat Amid Building Boom

As of August 8, 2025, the city of New Rochelle, located in Westchester County just 40 minutes from Midtown Manhattan, has managed to keep rents virtually flat over the past few years, bucking the trend of skyrocketing prices seen in nearby New York City and New Jersey markets.

While median rents in New York City and surrounding areas have jumped 25% or more since 2020, New Rochelle has only experienced a 1.6% increase, and even saw a 2% drop from 2020 to 2023, according to data from Apartment List. This is the result of a decade-long construction blitz that has added over 4,500 new apartments to the city's housing supply since 2014, with another 6,500 units planned.

This surge in new housing has kept competition in check, even as demand from priced-out Manhattanites continues to grow. City leaders have played a key role, rewriting zoning rules, streamlining environmental reviews, and guaranteeing qualifying projects an approval in as little as 90 days. The success of this development strategy has also allowed New Rochelle to invest in infrastructure repairs, food programs, and homebuyer assistance.

For newcomers like Aaron Thornton, who traded Manhattan's Upper East Side for a $3,600 two-bedroom with amenities in New Rochelle, the decision was an easy one. "We couldn't have raised or had a baby there, because there's just no space," he explained. However, not all residents are celebrating, with some longtime locals citing the "pains of construction" and concerns that newcomers are not fully integrating into the community.

Disclaimer: This story has been auto-aggregated and auto-summarised by a computer program. This story has not been edited or created by the Feedzop team.