Thursday, August 7, 2025

New Rochelle median rents are only 1.6% higher than in 2020, well below the 25% or higher increases in New York City and outer markets like New Jersey’s Newark, Hoboken and Jersey City, according to Apartment List. New Rochelle’s median rent actually declined 2% from 2020 to 2023, while median rent nationally was surging at a double-digit rate. City officials say they relied on a policy framework that encourages residential building. New Rochelle streamlined environmental reviews, offered developers tax incentives, and created standardized zoning rules to make it easier and cheaper to build homes.

 

How an NYC Suburb Is Actually Managing to Bring Rents Down


New Rochelle embraces development and makes it easy to build, leading to thousands of new apartments

Aug. 5, 2025 5:30 am ET

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