Average Rent in Water Mill, NY and Rent Price Trends

Rent trends in Water Mill, NY

Average rent prices in Water Mill have decreased by 8% over the last month and have increased by 150% since last year.

Rent trends

Rent prices on this page are calculated on a rolling 30-day basis and updated daily.

Compare rent prices in
Water Mill, NY

Rent prices in Water Mill vary by bedroom size, rental type, and neighborhood. The average rent for an apartment in Water Mill is $12,750, whereas a house costs $62,499.


Studio	$12,000	No Change	-
2 bedroom	$25,000	No Change	-
3 bedroom	$35,000	5%	285%
4 bedroom	$64,999	1%	51%


Apartments	$12,750	-	-
Condos	$65,000	-	-
Houses	$62,499	2%	No Change

Studio

Average rent

$12,000

2 bedroom

Average rent

$25,000

3 bedroom

Average rent

$35,000

Last 30 days

Last year

285%

4 bedroom

Average rent

$64,999

Last 30 days

Last year

51%

The table above reflects average rent prices in Water Mill, NY, broken down by the number of bedrooms, neighborhoods, and property types. The availability of data for each category is dependent on market inventory and will adjust depending on your selected filters.

How does rent in Water Mill, NY compare to other cities?

Compare median rent prices in Water Mill and East Hampton by all bedroom counts and property types.

Water Mill

Median rent price$62,499

3189%

higher than the national median

Median rent price$40,000

2005%

higher than the national median

Takeaway

The median rent for all rentals in Water Mill, NY is 56% higher than the median rent in East Hampton, NY.

Average rent in nearby cities

Explore rent trends in neighboring markets

$40,000

$25,000

$30,000

$4,750

$18,000

$20,000

$25,000

$35,000

$45,000

$12,250

$28,750

$25,000

Discover rentals in Water Mill, NY

5d+ ago

Townhouse for rent in Water Mill

809 Edge Of Woods Rd, Water Mill, NY 11976

4 beds

3 baths

$30,000

5d+ ago

Townhouse for rent in Water Mill

858 Old Sag Harbor Rd, Water Mill, NY 11976

4 beds

4 baths

$35,000

5d+ ago

Townhouse for rent in Water Mill

21 Burnetts Cove Rd, Water Mill, NY 11976

3 beds

2 baths

$42,000

Stay up to date with rental market insights

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Frequently asked questions for Water Mill, NY

Quick answers to common questions about the Water Mill rental market.

How much is rent in Water Mill?

The average rent in Water Mill is $62,499 per month as of September 5, 2026.

Is rent up or down in Water Mill?

Average rent prices in Water Mill have decreased by 8% over the last month and have increased by 150% since last year.

How does Water Mill rent compare to the national average?

Rent in Water Mill is 3189% above the national average, which means renters are paying approximately $60,599 more per month.

What salary do I need to afford rent in Water Mill?

To comfortably afford rent in Water Mill, you'd need to earn approximately $2,500,000/year, based on spending no more than 30% of your income on rent.

Methodology

Rent prices are based on Zumper's rental listings from the past 30 days. Median rent is calculated across all available listings and property types on the platform. If you filter the page by bedroom count or property type, the pricing throughout the page will update automatically to reflect that segment of the rental market.

Household and population data come from the U.S. Census Bureau. Cost-of-living data is sourced from the Council for Community and Economic Research's Cost of Living Index (COLI).