Average Rent in Manhattan, New York, NY

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Current Versus Historical Manhattan, New York, NY Rents

Manhattan rentals average $3,495 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 November 2024, median rents have been roughly unchanged over the last year. Studio rentals prices have increased by $104 (3.10%) year-over-year from $3,346 to $3,450. 1-bedroom rentals prices have increased by $167 (3.94%) year-over-year from $4,228 to $4,395. 2-bedroom rentals prices have increased by $119 (2.07%) year-over-year from $5,731 to $5,850. 3-bedroom rentals prices have increased by $27 (0.39%) year-over-year from $6,968 to $6,995. 4-bedroom rentals prices have increased by $582 (6.91%) year-over-year from $8,413 to $8,995. 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 0.48% this month. 1-bedroom rents have gone up by 0.44% this month. 2-bedroom rents have gone up by 0.03% this month. 3-bedroom rents have gone up by 1.07% this month. 4-bedroom rents have gone down by 0.00% this month.

Beds	Price / Sqft	Nov 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$7.61	$3,450	$3,346 (3.10%)	$2,543 (35.68%)
1 BR	$6.89	$4,395	$4,228 (3.94%)	$3,588 (22.48%)
2 BR	$6.80	$5,850	$5,731 (2.07%)	$5,058 (15.66%)
3 BR	$7.02	$6,995	$6,968 (0.39%)	$5,773 (21.17%)
4+ BR	$6.88	$8,995	$8,413 (6.91%)	$7,592 (18.49%)

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 18 cities nearby Manhattan. The average rent in Manhattan is currently $3,375 per month. A total of 15 cities nearby have an average rent lower than that. Our records show that Bridgeport, CT, with an average rent of $2,000, 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 $9,500 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 53.51% more expensive than other cities nearby. One bedrooms are about 49.87% more expensive. Two bedrooms in Manhattan, New York, NY are about 48.66% more expensive. Finally, rent for three bedrooms are about 41.03% more expensive. Want more information? Check out the top 10 cities out of 18 total cities near Manhattan, New York, NY in the following chart.

City	Studio	1 Bed	2 Bed	All
West Babylon, NY	N/A	$2,395	$2,893	$2,500
Yonkers, NY	$2,100	$2,200	$2,800	$2,750
Norwalk, CT	$1,600	$2,000	$2,833	$2,875
Stamford, CT	$1,825	$2,207	$3,009	$2,950
White Plains, NY	$2,275	$2,650	$3,600	$3,300
Long Beach, NY	$1,963	$2,600	$3,300	$3,450
New Rochelle, NY	$2,413	$2,900	$3,500	$3,500
Long Branch, NJ	N/A	$3,000	$3,775	$3,850
Harrison, NY	$2,620	$2,970	$4,154	$4,202
New York, NY	$3,450	$4,200	$5,050	$4,250

Top Neighborhoods Near Manhattan

There are a total of 60 neighborhoods in or near Manhattan. Some of these neighborhoods include Flatbush, Bedford-Stuyvesant, and Central Harlem. We've included the top 30 neighborhoods out of 60 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 $4,260 per month. A total of 36 neighborhoods have a lower average rent. Out of all the neighborhoods in or near Manhattan, East Side has the most affordable average rent at $2,250 per month. Whereas, at $9,995 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	$2,616	$2,800	$3,099	$3,000
Bedford-Stuyvesant, New York, NY	$2,200	$2,800	$3,200	$3,195
Central Harlem, New York, NY	$2,363	$2,702	$3,500	$3,200
East Harlem, New York, NY	$3,150	$2,995	$3,195	$3,300
Bushwick, New York, NY	$2,679	$3,000	$3,207	$3,333
Harlem, New York, NY	$2,675	$2,843	$3,200	$3,399
West Harlem, New York, NY	$2,675	$2,780	$3,225	$3,467
Crown Heights, New York, NY	$2,740	$3,196	$4,300	$3,595
Upper East Side, New York, NY	$3,275	$3,995	$5,100	$4,000
Murray Hill, New York, NY	$3,425	$4,291	$6,500	$4,055
Long Island City, New York, NY	$3,300	$3,995	$5,995	$4,090
Hell's Kitchen, New York, NY	$3,440	$4,000	$5,475	$4,195
Downtown Brooklyn, New York, NY	$3,428	$4,225	$5,846	$4,280
Financial District, New York, NY	$3,458	$4,500	$6,350	$4,300
Prospect Heights, New York, NY	$3,570	$4,495	$6,009	$4,378
Hudson Yards, New York, NY	$3,538	$4,490	$6,623	$4,429
NoLita, New York, NY	$9,943	$3,900	$5,495	$4,495
East Village, New York, NY	$2,995	$3,795	$4,495	$4,495
Midtown East, New York, NY	$3,375	$4,400	$5,998	$4,500
Kips Bay, New York, NY	$3,605	$4,260	$5,470	$4,570
Williamsburg, New York, NY	$3,807	$4,582	$5,075	$4,750
West Village, New York, NY	$3,925	$5,125	$6,750	$4,850
Greenwich Village, New York, NY	$4,125	$5,525	$7,798	$4,850
Lower East Side, New York, NY	$3,497	$4,000	$4,765	$4,925
Upper West Side, New York, NY	$3,298	$4,459	$7,304	$5,000
Midtown, New York, NY	$3,700	$4,298	$6,600	$5,095
Little Italy, New York, NY	$3,250	$4,500	$4,625	$5,295
Chelsea, New York, NY	$3,925	$5,596	$7,995	$5,398
Gramercy Park, New York, NY	$3,711	$5,550	$4,995	$5,495
NoMad, New York, NY	$4,339	$5,676	$8,294	$5,724

Top Counties Near Manhattan

There are a total of 60 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 $3,350. That's roughly around $3 per sqft. A total of 29 counties have a lower average rent. The county that is the most affordable is Bridgeport, CT. It's average rent per month is $2,000. 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 51.72% more expensive than other counties nearby. In comparison, rent for one bedroom listings in Manhattan, New York, NY is 43.13% more expensive than other counties nearby. Finally, rent for two bedrooms in Manhattan, New York, NY is 45.46% 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	$2,100	$2,200	$2,800	$2,750
Bronx, New York, NY	$2,150	$2,575	$3,200	$3,000
Queens, New York, NY	$2,853	$2,789	$3,500	$3,287
White Plains, NY	$2,275	$2,650	$3,600	$3,300
Hempstead, NY	$2,013	$2,500	$3,005	$3,425
Long Beach, NY	$1,963	$2,600	$3,300	$3,450
New Rochelle, NY	$2,413	$2,900	$3,500	$3,500
Brooklyn, New York, NY	$3,370	$3,700	$4,200	$3,858
Greenburgh, NY	$1,900	$2,700	$3,600	$4,100
North Hempstead, NY	$3,575	$2,600	$4,000	$4,538

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 $3,575. 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 $2,863 per month. In comparison, the zipcode with the most expensive average rent of $4,631 per month is 10280, New York, NY.

Studios in these zipcodes have an average rent of $2,998. 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 $3,525 per month. Or in other words, $5 per sqft. Meanwhile, two bedroom apartments will cost you an average of $4,370 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	$4,100	$5,295	$4,000
10023, New York, NY	$3,400	$4,950	$8,295	$4,548
11375, New York, NY	$2,645	$2,950	$3,445	$3,150
10035, New York, NY	$2,299	$2,713	$3,200	$2,863
10280, New York, NY	$3,812	$4,467	$6,429	$4,631
10463, New York, NY	$1,995	$2,720	$3,289	$2,995

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 $3,495 and an average price per square feet of $7.61. There are a total of 3,823 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 $6.89. There are a total of 5,968 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 $5,748 and an average price per square feet of $6.80. There are a total of 4,555 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.