How Much Does It Cost to Renovate an Apartment in NYC in 2025?

When planning an apartment renovation, one of the first questions every homeowner asks is: “How much will this really cost?” Understanding the costs associated with a NYC apartment renovation is the first step toward building a realistic budget. In a city as complex as New York, prices vary widely, but having clear numbers upfront makes the entire NYC renovation process smoother and less stressful.

This guide breaks down what you can expect to spend in 2025. While every project is unique, these figures provide a reliable starting point. With the right plan and the right contractor, your budget becomes the foundation for a successful NYC apartment transformation.

Related Article: The Full Home Renovation Process Explained

NYC Renovation Price 2025: A Quick Look 

The final cost of a renovation depends on many variables. The table below shows typical price ranges for a complete, mid-range renovation managed by a professional design-build firm in New York City.

Average Cost for a Studio Apartment in NYC 

For a full gut renovation of a studio, homeowners can typically expect the cost to range from $100,000 to $200,000. This scope usually involves a complete kitchen and bathroom remodel, new flooring, painting, and essential electrical and plumbing upgrades.  

Average Cost for a One-Bedroom Apartment in NYC

The renovation cost for a one-bedroom apartment generally falls between $200,000 and $350,000. This budget accommodates a full renovation of the kitchen, bathroom, and living spaces, often including custom cabinetry, new lighting, and updated finishes throughout. 

Average Cost for a Two-Bedroom Apartment in NYC 

The renovation NYC 2025 price for a two-bedroom apartment typically starts at $350,000 and can exceed $500,000. This allows for a comprehensive remodel of the entire apartment, including two bathrooms, a larger kitchen, and extensive updates to all rooms. 

What Drives the Cost of a NYC Renovation?

Understanding the key variables is essential for making smart decisions. The total apartment renovation cost in NYC for 2025 is shaped by these critical factors:

• Materials and Finishes

Your material selections are one of the biggest factors influencing cost. Stock cabinetry will be significantly more affordable than custom, handcrafted designs. High-end marble carries a premium compared to standard quartz. Your choice of tiles, flooring, fixtures, and appliances will also shape the final budget. Seeing the materials and finishes up close can make the decision process much easier.

• Scope of Work and Structural Changes 

A simple cosmetic update is very different from a full gut renovation. Moving walls, reconfiguring layouts, or altering plumbing and electrical systems adds significant costs due to increased labor, engineering, and permitting requirements. 

• Building Rules and Regulations 

Co-op and condo boards often enforce strict requirements regarding work hours, debris removal, and insurance. These rules can increase project management costs, yet they are often unavoidable when renovating a NYC apartment.

Related Article: What Permits Are Required for a Full Home Renovation in NYC?

Popular Upgrades and Their Impact on Your Budget 

Certain upgrades are particularly popular in NYC renovations for their ability to enhance lifestyle and add value. 

• Custom Millwork: Built-in shelving and custom closets are invaluable for storage in NYC apartments. While a significant investment, they maximize space and create a high-end, seamless look.
• Heated Bathroom Floors: This touch of luxury is a surprisingly affordable upgrade that adds immense comfort during cold New York winters. 
• Smart Home Integration: Features like smart lighting, thermostats, and automated shades add a layer of modern convenience that is highly desirable for today’s buyers and residents. These can be phased in over time to manage costs. 

Tips for Budgeting Your 2025 NYC Renovation Smartly 

A successful renovation is one that stays on budget. With careful planning, you can manage your costs effectively. 

• Always Plan for a Contingency Fund 

Unexpected issues can arise, especially in older NYC buildings. Set aside a contingency fund of at least 1020% of your total project cost. This acts as a safety net to cover unforeseen expenses. 

• Get a Detailed, Itemized Proposal 

Do not accept a one-page estimate. A professional contractor should provide a detailed proposal that breaks down all costs. This transparency is crucial for understanding where your money is going. 

• Prioritize High-Impact Areas 

If you have a limited budget, focus your investment on areas that add the most value, like the kitchen and bathrooms. A well-planned kitchen renovation not only transforms the way you live but also adds lasting value to your home, making it one of the smartest investments you can make. Learn more about the cost of a remodeled kitchen and its impact on home value. 

Related Article: Budgeting Tips for Full Home Remodeling in New York City

Why Choose MyHome for Your NYC Apartment Renovation?

At MyHome, we believe in making the renovation process transparent and stress-free. As a one-stop shop for design and remodeling, our in-house team provides a seamless experience that keeps your project on budget. We have decades of experience navigating the complexities of NYC buildings. 

Our process is built on trust. We provide detailed proposals so you know exactly what to expect. We stand behind our quality with a 5-year warranty on labor, plus the full manufacturer’s warranty on materials, giving you peace of mind that your investment is protected. 

Next Steps: Get a Tailored Quote for Your Project 

The best way to understand the cost to renovate a NYC apartment is to get a detailed quote. A tailored estimate based on your apartment, goals, and design preferences will provide you with a clear and accurate budget. 

Contact MyHome for Expert Guidance 

If you are ready to transform your apartment, contact the MyHome team today. We offer a no-obligation consultation to discuss your vision and provide a detailed estimate for your project.