Average Rent in Manhattan, New York, NY

Home  »  NY  »  New York  »  Manhattan

Current Versus Historical Manhattan, New York, NY Rents

Manhattan rentals average $3,475 for a studio rental to $8,995 for a 4-bedroom rental. The median price of all currently available listings is $4,495, or roughly $7 per square feet.
For the apartment units and housing in December 2024, median rents have been roughly unchanged over the last year. Studio rentals prices have increased by $112 (3.37%) year-over-year from $3,313 to $3,425. 1-bedroom rentals prices have increased by $150 (3.56%) year-over-year from $4,215 to $4,365. 2-bedroom rentals prices have increased by $107 (1.89%) year-over-year from $5,693 to $5,800. 3-bedroom rentals prices have increased by $21 (0.30%) year-over-year from $6,974 to $6,995. 4-bedroom rentals prices have increased by $703 (8.43%) year-over-year from $8,347 to $9,050. 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 down by 0.37% this month. 1-bedroom rents have gone up by 0.23% this month. 2-bedroom rents have gone down by 1.00% this month. 3-bedroom rents have gone up by 0.67% this month. 4-bedroom rents have gone up by 0.41% this month.
Beds
Price / Sqft
Dec 2024 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
Studio $7.84 $3,425 $3,313 (3.37%) $2,660 (28.78%)
1 BR $6.79 $4,365 $4,215 (3.56%) $3,615 (20.75%)
2 BR $6.74 $5,800 $5,693 (1.89%) $4,948 (17.21%)
3 BR $6.66 $6,995 $6,974 (0.30%) $5,930 (17.96%)
4+ BR $6.69 $9,050 $8,347 (8.43%) $7,377 (22.68%)

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 $3,500 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 $2,175, is the most affordable city nearby. In contrast, the most expensive city near Manhattan, New York, NY is Spring Lake, NJ. Monthly rents here are on average $10,000 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 49.64% more expensive than other cities nearby. One bedrooms are about 41.98% more expensive. Two bedrooms in Manhattan, New York, NY are about 37.21% more expensive. Finally, rent for three bedrooms are about 33.95% 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
West Babylon, NY $2,970 $2,425 $3,000 $2,495
Yonkers, NY $1,900 $2,175 $2,663 $2,843
Stamford, CT $2,009 $2,253 $3,000 $2,855
Norwalk, CT $1,588 $2,250 $2,890 $2,884
White Plains, NY $2,250 $2,625 $3,548 $3,300
Long Beach, NY $1,925 $2,550 $3,200 $3,500
Long Branch, NJ N/A $3,100 $3,750 $3,850
New York, NY $3,408 $4,151 $5,000 $4,200
New Rochelle, NY $1,800 $2,850 $4,419 $4,349
Harrison, NY $2,775 $3,015 $4,200 $4,410

Top Neighborhoods Near Manhattan

There are a total of 57 neighborhoods in or near Manhattan. Some of these neighborhoods include Flatbush, East Harlem, and Bedford-Stuyvesant. We've included the top 30 neighborhoods out of 57 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 $4,230 per month. A total of 34 neighborhoods have a lower average rent. Out of all the neighborhoods in or near Manhattan, East Side has the most affordable average rent at $2,226 per month. Whereas, at $12,000 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 $2,550 $2,715 $3,099 $2,969
East Harlem, New York, NY $2,525 $2,938 $3,000 $3,198
Bedford-Stuyvesant, New York, NY $2,500 $2,857 $3,100 $3,200
Bushwick, New York, NY $2,795 $2,900 $3,300 $3,300
Harlem, New York, NY $2,600 $2,850 $3,100 $3,397
Central Harlem, New York, NY $2,650 $2,862 $3,200 $3,400
Crown Heights, New York, NY $2,704 $2,995 $4,000 $3,500
West Harlem, New York, NY $2,550 $2,850 $2,995 $3,570
Murray Hill, New York, NY $3,325 $4,150 $6,300 $3,899
Long Island City, New York, NY $3,280 $3,750 $5,750 $3,900
Upper East Side, New York, NY $3,350 $4,095 $5,000 $4,000
Hell's Kitchen, New York, NY $3,440 $4,062 $5,178 $4,180
Financial District, New York, NY $3,483 $4,450 $6,098 $4,230
Downtown Brooklyn, New York, NY $3,425 $4,113 $5,725 $4,301
Prospect Heights, New York, NY $3,565 $4,403 $5,200 $4,322
NoLita, New York, NY N/A $3,900 $5,495 $4,495
East Village, New York, NY $2,897 $3,825 $4,495 $4,495
Kips Bay, New York, NY $3,675 $4,173 $5,500 $4,495
Midtown East, New York, NY $3,325 $4,460 $6,075 $4,525
Hudson Yards, New York, NY $3,490 $4,493 $6,502 $4,624
Williamsburg, New York, NY $3,822 $4,661 $4,952 $4,698
Lower East Side, New York, NY $3,413 $4,623 $4,750 $4,750
Upper West Side, New York, NY $3,000 $4,450 $6,945 $4,841
West Village, New York, NY $4,600 $4,950 $6,650 $4,950
Little Italy, New York, NY $3,250 $4,250 $4,850 $5,100
Midtown, New York, NY $3,625 $4,363 $6,750 $5,200
Greenwich Village, New York, NY $4,000 $6,150 $6,130 $5,250
Chelsea, New York, NY $3,825 $5,490 $7,500 $5,292
Gramercy Park, New York, NY $3,750 $5,313 $5,057 $5,295
NoMad, New York, NY $4,328 $5,686 $8,172 $5,686

Top Counties Near Manhattan

There are a total of 57 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 $3,485. 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 $2,175. Vice versa, with an average rent of $10,000, Spring Lake, NJ is the most expensive county by Manhattan, New York, NY.

Typically, rent for studios in Manhattan, New York, NY is 49.28% more expensive than other counties nearby. In comparison, rent for one bedroom listings in Manhattan, New York, NY is 42.55% more expensive than other counties nearby. Finally, rent for two bedrooms in Manhattan, New York, NY is 42.92% 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 $1,900 $2,175 $2,663 $2,843
Bronx, New York, NY $2,000 $2,575 $3,031 $3,100
Queens, New York, NY $2,753 $2,781 $3,480 $3,240
White Plains, NY $2,250 $2,625 $3,548 $3,300
Long Beach, NY $1,925 $2,550 $3,200 $3,500
Hempstead, NY $2,000 $2,500 $3,055 $3,500
Brooklyn, New York, NY $3,400 $3,625 $4,200 $3,850
Greenburgh, NY $2,300 $2,600 $3,600 $3,919
New Rochelle, NY $1,800 $2,850 $4,419 $4,349
North Hempstead, NY $2,575 $2,675 $3,950 $4,500

Top Zipcodes Near Manhattan

There are a total of 5 zipcodes in or near Manhattan, New York, NY. The average rent for all of these zipcodes is $3,000. 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 $2,919 per month. In comparison, the zipcode with the most expensive average rent of $4,678 per month is 10023, New York, NY.

Studios in these zipcodes have an average rent of $2,673. That's at least $5 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 $2,975 per month. Or in other words, $4 per sqft. Meanwhile, two bedroom apartments will cost you an average of $3,350 per month. Which comes out to $3 per sqft. The following chart includes the top 5 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 $4,149 $5,685 $3,950
10023, New York, NY $3,000 $4,498 $8,100 $4,678
11375, New York, NY $2,673 $2,975 $3,250 $3,000
10035, New York, NY $2,250 $2,702 $3,250 $2,919
10463, New York, NY $2,500 $2,685 $3,350 $2,925

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 $4,495. 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 $3,475 and an average price per square feet of $7.84. There are a total of 3,263 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 $4,395 and an average price per square feet of $6.79. There are a total of 5,091 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 $5,650 and an average price per square feet of $6.74. There are a total of 3,687 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 0.03%, one bedroom rental prices have changed by 0.04%, two bedroom rental prices have changed by 0.02%, and three bedroom rental prices have changed by 0.00% 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 $3,596/month. You can search for these reasonably priced rental listings on RentHop.
Popular Searches
Quantcast