Average Rent in Manhattan, New York, NY

Home  »  NY  »  New York  »  Manhattan

Current Versus Historical Manhattan, New York, NY Rents

Manhattan rentals average $3,495 for a studio rental to $9,500 for a 4-bedroom rental. The median price of all currently available listings is $4,500, or roughly $7 per square feet.
For the apartment units and housing in January 2025, median rents have risen over the last year. Studio rentals prices have increased by $155 (4.67%) year-over-year from $3,320 to $3,475. 1-bedroom rentals prices have increased by $238 (5.63%) year-over-year from $4,233 to $4,472. 2-bedroom rentals prices have increased by $299 (5.25%) year-over-year from $5,701 to $6,000. 3-bedroom rentals prices have increased by $361 (5.20%) year-over-year from $6,939 to $7,300. 4-bedroom rentals prices have increased by $1,147 (13.74%) year-over-year from $8,343 to $9,490. 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 0.94% this month. 1-bedroom rents have gone up by 1.46% this month. 2-bedroom rents have gone up by 0.78% this month. 3-bedroom rents have gone up by 2.36% this month. 4-bedroom rents have gone up by 3.60% this month.
Beds
Price / Sqft
Jan 2025 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
Studio $7.94 $3,475 $3,320 (4.67%) $2,671 (30.08%)
1 BR $6.93 $4,472 $4,233 (5.63%) $3,718 (20.28%)
2 BR $6.92 $6,000 $5,701 (5.25%) $4,898 (22.49%)
3 BR $7.26 $7,300 $6,939 (5.20%) $5,888 (23.99%)
4+ BR $7.25 $9,490 $8,343 (13.74%) $7,533 (25.97%)

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 17 cities nearby Manhattan. The average rent in Manhattan is currently $3,600 per month. A total of 14 cities nearby have an average rent lower than that. Our records show that Bridgeport, CT, with an average rent of $2,073, is the most affordable city nearby. In contrast, the most expensive city near Manhattan, New York, NY is Ocean Beach, NY. Monthly rents here are on average $8,500 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 57.22% more expensive than other cities nearby. One bedrooms are about 40.16% more expensive. Two bedrooms in Manhattan, New York, NY are about 40.78% more expensive. Finally, rent for three bedrooms are about 43.17% more expensive. Want more information? Check out the top 10 cities out of 17 total cities near Manhattan, New York, NY in the following chart.
City Studio 1 Bed 2 Bed All
Yonkers, NY $1,850 $2,200 $2,600 $2,600
Norwalk, CT N/A $1,970 $2,962 $2,995
Stamford, CT $1,918 $2,275 $3,000 $3,000
White Plains, NY $2,100 $2,690 $3,550 $3,495
Glen Cove, NY $2,550 $3,200 $3,600 $3,500
Long Beach, NY $1,963 $2,700 $3,500 $3,600
Oakhurst, NJ N/A N/A N/A $3,800
Long Branch, NJ N/A $3,000 $3,600 $3,999
New York, NY $3,438 $4,217 $5,300 $4,263
Harrison, NY $2,745 $3,090 $4,203 $4,469

Top Neighborhoods Near Manhattan

There are a total of 59 neighborhoods in or near Manhattan. Some of these neighborhoods include Flatbush, Bedford-Stuyvesant, and East Harlem. We've included the top 30 neighborhoods out of 59 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 $4,348 per month. A total of 37 neighborhoods have a lower average rent. Out of all the neighborhoods in or near Manhattan, Brooklawn - St. Vincent has the most affordable average rent at $1,800 per month. Whereas, at $9,850 average rent per month, SoHo 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 $2,634 $2,750 $3,200 $3,000
Bedford-Stuyvesant, New York, NY $2,500 $2,995 $3,050 $3,150
East Harlem, New York, NY $3,620 $2,822 $3,173 $3,295
Crown Heights, New York, NY $2,900 $2,995 $3,850 $3,350
Central Harlem, New York, NY $2,710 $2,860 $3,300 $3,400
Harlem, New York, NY $2,758 $2,822 $3,262 $3,400
Bushwick, New York, NY $2,795 $3,200 $3,450 $3,447
West Harlem, New York, NY $2,400 $2,800 $3,475 $3,495
Long Island City, New York, NY $3,295 $3,793 $5,621 $4,000
Murray Hill, New York, NY $3,400 $4,400 $6,538 $4,075
Upper East Side, New York, NY $3,391 $4,200 $5,954 $4,149
Financial District, New York, NY $3,525 $4,585 $6,400 $4,155
Downtown Brooklyn, New York, NY $3,413 $4,260 $5,716 $4,307
Hell's Kitchen, New York, NY $3,498 $4,043 $5,908 $4,350
Prospect Heights, New York, NY $3,585 $4,400 $5,275 $4,350
Kips Bay, New York, NY $3,535 $3,895 $5,340 $4,488
East Village, New York, NY $2,800 $3,695 $4,495 $4,495
Upper West Side, New York, NY $3,000 $4,481 $6,945 $4,497
Lower East Side, New York, NY $3,413 $4,950 $4,595 $4,679
NoLita, New York, NY N/A $4,595 $5,495 $4,695
Hudson Yards, New York, NY $3,500 $4,545 $6,795 $4,800
Williamsburg, New York, NY $3,722 $4,625 $5,369 $4,865
Midtown East, New York, NY $3,495 $4,505 $6,075 $4,950
Midtown, New York, NY $3,675 $4,436 $7,440 $5,000
Little Italy, New York, NY $3,250 $4,250 $5,495 $5,000
Chelsea, New York, NY $3,878 $5,395 $7,867 $5,054
West Village, New York, NY $4,642 $5,495 $6,595 $5,365
Gramercy Park, New York, NY $3,750 $5,515 $5,595 $5,515
Greenwich Village, New York, NY $4,000 $5,700 $6,850 $5,700
NoMad, New York, NY $4,444 $5,662 $8,746 $5,768

Top Counties Near Manhattan

There are a total of 59 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 $3,525. That's roughly around $3 per sqft. A total of 27 counties have a lower average rent. The county that is the most affordable is Bridgeport, CT. It's average rent per month is $2,073. Vice versa, with an average rent of $8,500, Spring Lake, NJ is the most expensive county by Manhattan, New York, NY.

Typically, rent for studios in Manhattan, New York, NY is 46.53% more expensive than other counties nearby. In comparison, rent for one bedroom listings in Manhattan, New York, NY is 42.44% more expensive than other counties nearby. Finally, rent for two bedrooms in Manhattan, New York, NY is 44.54% 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 $1,850 $2,200 $2,600 $2,600
Bronx, New York, NY $2,200 $2,575 $3,026 $3,000
Queens, New York, NY $2,895 $2,900 $3,500 $3,266
White Plains, NY $2,100 $2,690 $3,550 $3,495
Glen Cove, NY $2,550 $3,200 $3,600 $3,500
Hempstead, NY $2,000 $2,600 $3,200 $3,595
Long Beach, NY $1,963 $2,700 $3,500 $3,600
Brooklyn, New York, NY $3,405 $3,599 $4,197 $3,800
Greenburgh, NY $2,075 $2,600 $3,650 $3,850
North Hempstead, NY N/A $2,795 $4,100 $4,625

Top Zipcodes Near Manhattan

There are a total of 6 zipcodes in or near Manhattan, New York, NY. The average rent for all of these zipcodes is $3,648. A total of 4 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 $2,995 per month. In comparison, the zipcode with the most expensive average rent of $4,902 per month is 10280, New York, NY.

Studios in these zipcodes have an average rent of $2,810. 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 $3,725 per month. Or in other words, $5 per sqft. Meanwhile, two bedroom apartments will cost you an average of $4,554 per month. Which comes out to $5 per sqft. The following chart includes the top 6 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 $3,350 $4,200 $5,460 $3,995
10023, New York, NY $2,900 $4,950 $7,863 $4,775
11375, New York, NY $2,720 $3,250 $3,648 $3,300
10035, New York, NY $2,299 $2,822 $3,048 $2,995
10280, New York, NY $3,600 $4,459 $6,462 $4,902
10463, New York, NY $2,600 $2,680 $3,295 $3,045

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 $4,500. 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 $3,495 and an average price per square feet of $7.94. There are a total of 4,310 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 $4,495 and an average price per square feet of $6.93. There are a total of 6,802 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 $5,995 and an average price per square feet of $6.92. There are a total of 4,477 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 0.05%, one bedroom rental prices have changed by 0.06%, two bedroom rental prices have changed by 0.05%, and three bedroom rental prices have changed by 0.05% 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 $3,600/month. You can search for these reasonably priced rental listings on RentHop.
Popular Searches
Quantcast