Average Rent in Manhattan, New York, NY

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Current Versus Historical Manhattan, New York, NY Rents

Manhattan rentals average $3,580 for a studio rental to $8,995 for a 4-bedroom rental. The median price of all currently available listings is $4,575, or roughly $7 per square feet.
For the apartment units and housing in March 2025, median rents have risen over the last year. Studio rentals prices have increased by $205 (6.05%) year-over-year from $3,390 to $3,595. 1-bedroom rentals prices have increased by $239 (5.59%) year-over-year from $4,271 to $4,510. 2-bedroom rentals prices have increased by $420 (7.53%) year-over-year from $5,580 to $6,000. 3-bedroom rentals prices have increased by $464 (6.84%) year-over-year from $6,780 to $7,244. 4-bedroom rentals prices have increased by $935 (10.92%) year-over-year from $8,560 to $9,495. Note that this figure includes all active and rented listings throughout the month.
Month-to-month, seasonality might have a bigger impact than overall trend price changes. Studio rents have gone up by 1.88% this month. 1-bedroom rents have gone up by 0.19% this month. 2-bedroom rents have gone up by 0.03% this month. 3-bedroom rents have gone up by 0.19% this month. 4-bedroom rents have gone up by 4.40% this month.
Beds
Price / Sqft
Mar 2025 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
Studio $8.00 $3,595 $3,390 (6.05%) $2,860 (25.70%)
1 BR $7.04 $4,510 $4,271 (5.59%) $3,999 (12.77%)
2 BR $6.95 $6,000 $5,580 (7.53%) $4,839 (23.99%)
3 BR $6.92 $7,244 $6,780 (6.84%) $5,762 (25.73%)
4+ BR $7.25 $9,495 $8,560 (10.92%) $7,540 (25.93%)

Historical Rents in Manhattan, New York, NY

Studio
1 Bed
2 Bed
3 Bed
4 Bed

Top Cities Near Manhattan

There are a total of 20 cities nearby Manhattan. The average rent in Manhattan is currently $4,348 per month. A total of 13 cities nearby have an average rent lower than that. Our records show that Bridgeport, CT, with an average rent of $2,198, is the most affordable city nearby. In contrast, the most expensive city near Manhattan, New York, NY is West Long Branch, NJ. Monthly rents here are on average $29,500 per month.

Let's compare Manhattan, New York, NY's rent against other top cities nearby by bedroom size. Typically, rent for studios in Manhattan, New York, NY is 81.49% more expensive than other cities nearby. One bedrooms are about 46.67% more expensive. Two bedrooms in Manhattan, New York, NY are about 35.64% more expensive. Finally, rent for three bedrooms are about 29.07% more expensive. Want more information? Check out the top 10 cities out of 20 total cities near Manhattan, New York, NY in the following chart.
City Studio 1 Bed 2 Bed All
Yonkers, NY $2,050 $2,250 $3,200 $2,700
Stamford, CT $1,775 $2,233 $2,900 $2,800
Glen Cove, NY $2,550 $3,100 $3,475 $3,373
Long Beach, NY $2,163 $2,623 $3,600 $3,850
Long Branch, NJ N/A $2,825 $3,400 $4,100
Harrison, NY $2,690 $3,070 $4,135 $4,189
New York, NY $3,525 $4,300 $5,395 $4,295
New Rochelle, NY $2,569 $3,150 $4,449 $4,400
Oakhurst, NJ N/A N/A $12,500 $4,500
West Long Branch, NJ N/A N/A $5,475 $29,500

Top Neighborhoods Near Manhattan

There are a total of 50 neighborhoods in or near Manhattan. Some of these neighborhoods include Flatbush, Central Harlem, and Bedford-Stuyvesant. We've included the top 30 neighborhoods out of 50 total neighborhoods in or near Manhattan, New York, NY in the following chart.

The average rent for these 30 neighborhoods in or near Manhattan, New York, NY is currently around $4,300 per month. A total of 30 neighborhoods have a lower average rent. Out of all the neighborhoods in or near Manhattan, East Side has the most affordable average rent at $2,296 per month. Whereas, at $8,500 average rent per month, Ocean Beach is the most expensive neighborhood in or near Manhattan. View the following chart for more information.
Neighborhood Studio 1 Bed 2 Bed All
Flatbush, New York, NY $2,533 $2,935 $3,271 $3,100
Central Harlem, New York, NY $2,338 $2,900 $3,250 $3,150
Bedford-Stuyvesant, New York, NY $2,700 $2,800 $3,300 $3,200
East Harlem, New York, NY $2,800 $2,995 $3,198 $3,295
Harlem, New York, NY $2,750 $2,900 $3,295 $3,300
Bushwick, New York, NY $2,795 $3,155 $3,161 $3,350
Crown Heights, New York, NY $2,821 $2,900 $3,761 $3,497
West Harlem, New York, NY $2,500 $2,861 $3,650 $3,750
Upper East Side, New York, NY $3,300 $4,200 $4,800 $3,950
Murray Hill, New York, NY $3,500 $4,350 $6,323 $4,082
Prospect Heights, New York, NY $3,625 $4,111 $5,571 $4,125
Long Island City, New York, NY $3,359 $3,982 $5,830 $4,154
Little Italy, New York, NY $3,700 $4,500 $5,750 $4,225
Financial District, New York, NY $3,670 $4,680 $6,545 $4,300
Downtown Brooklyn, New York, NY $3,543 $4,273 $5,821 $4,368
Kips Bay, New York, NY $3,801 $3,995 $5,485 $4,475
Hell's Kitchen, New York, NY $3,500 $4,250 $5,995 $4,500
Midtown East, New York, NY $3,450 $4,600 $5,989 $4,600
Upper West Side, New York, NY $3,207 $4,656 $6,995 $4,627
Hudson Yards, New York, NY $3,670 $4,835 $7,000 $4,696
Midtown, New York, NY $3,675 $4,300 $6,671 $4,945
East Village, New York, NY $2,758 $3,995 $5,495 $4,995
Williamsburg, New York, NY $3,700 $4,948 $5,281 $5,112
Chelsea, New York, NY $4,000 $5,492 $8,037 $5,200
Lower East Side, New York, NY $3,985 $4,900 $5,295 $5,295
West Village, New York, NY $4,195 $5,300 $6,848 $5,300
Greenwich Village, New York, NY $4,200 $5,600 $5,500 $5,400
NoLita, New York, NY $3,950 $5,395 $6,495 $5,495
NoMad, New York, NY $4,464 $5,721 $8,401 $5,799
Gramercy Park, New York, NY $3,804 $5,042 $6,188 $5,985

Top Counties Near Manhattan

There are a total of 50 counties located by Manhattan, New York, NY. Some of these counties include Yonkers, NY, Bronx, New York, NY, and Queens, New York, NY. The average rent for rentals in these counties is $3,888. That's roughly around $3 per sqft. A total of 23 counties have a lower average rent. The county that is the most affordable is Bridgeport, CT. It's average rent per month is $2,198. Vice versa, with an average rent of $9,500, Spring Lake, NJ is the most expensive county by Manhattan, New York, NY.

Typically, rent for studios in Manhattan, New York, NY is 52.23% more expensive than other counties nearby. In comparison, rent for one bedroom listings in Manhattan, New York, NY is 43.89% more expensive than other counties nearby. Finally, rent for two bedrooms in Manhattan, New York, NY is 42.41% more expensive than other counties nearby. We've listed the top 10 counties in the chart below.
County Studio 1 Bed 2 Bed All
Yonkers, NY $2,050 $2,250 $3,200 $2,700
Bronx, New York, NY $2,400 $2,650 $3,099 $3,135
Queens, New York, NY $2,895 $2,850 $3,390 $3,285
Glen Cove, NY $2,550 $3,100 $3,475 $3,373
Hempstead, NY $2,050 $2,500 $3,200 $3,725
Long Beach, NY $2,163 $2,623 $3,600 $3,850
Brooklyn, New York, NY $3,401 $3,850 $4,245 $3,925
North Hempstead, NY $1,950 $2,950 $3,800 $4,150
Harrison, NY $2,690 $3,070 $4,135 $4,189
New Rochelle, NY $2,569 $3,150 $4,449 $4,400

Top Zipcodes Near Manhattan

There are a total of 4 zipcodes in or near Manhattan, New York, NY. The average rent for all of these zipcodes is $3,625. A total of 3 zipcodes have a average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 10035, New York, NY at $2,985 per month. In comparison, the zipcode with the most expensive average rent of $4,788 per month is 10023, New York, NY.

Studios in these zipcodes have an average rent of $2,881. That's at least $6 per sqft. Do you need more space than that? Average rent for one bedroom rentals for the zipcodes in or near Manhattan, New York, NY is $3,575 per month. Or in other words, $5 per sqft. Meanwhile, two bedroom apartments will cost you an average of $4,629 per month. Which comes out to $6 per sqft. The following chart includes the top 4 zipcodes in Manhattan, New York, NY. You can view the average rent breakdown for each zipcode by bedroom size.
Zipcode Studio 1 Bed 2 Bed All
10128, New York, NY $3,420 $4,150 $5,557 $3,900
10023, New York, NY $3,273 $4,995 $8,400 $4,788
11375, New York, NY $2,483 $3,000 $3,700 $3,350
10035, New York, NY $2,489 $2,725 $3,398 $2,985

Frequently Asked Questions - Manhattan Average Rents

What is the average rent price in Manhattan, New York, NY?
The average monthly rental price for Manhattan, New York, NY apartments for rent is approximately $4,575. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.
Do Manhattan, New York, NY rent prices drop in winter?
Yes! On average we see a 3.4% drop in rental prices between the peak summer months and the slower winter months. With the added bonus of decreased competition from other renters looking to move, winter is generally considered the best time of the year to find an apartment for rent in Manhattan, New York, NY.
How much is a studio apartment in Manhattan, New York, NY?
The average monthly rental price for studio apartments is $3,580 and an average price per square feet of $8.00. There are a total of 3,446 studio apartment listings currently available for rent in Manhattan.
How much is a one bedroom apartment in Manhattan, New York, NY?
The average monthly rental price for one bedroom apartments is $4,500 and an average price per square feet of $7.04. There are a total of 5,028 one bedroom apartment listings currently available for rent in Manhattan.
How much is a two bedroom apartment in Manhattan, New York, NY?
The average monthly rental price for two bedroom apartments is $5,895 and an average price per square feet of $6.95. There are a total of 3,228 two bedroom apartment listings currently available for rent in Manhattan.
How have rent prices in Manhattan, New York, NY changed this year?
Rent prices for rentals in Manhattan, New York, NY can fluctuate yearly. Specifically, studio rental prices have changed by 0.06%, one bedroom rental prices have changed by 0.06%, two bedroom rental prices have changed by 0.08%, and three bedroom rental prices have changed by 0.07% year-over-year.
What is a reasonable rent price in Manhattan, New York, NY?
A reasonable rent price in Manhattan, New York, NY is around $3,660/month. You can search for these reasonably priced rental listings on RentHop.
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