What is the average apartment size in Manhattan?

The average size for a Manhattan, NY apartment is 704 square feet, but this number varies greatly depending on unit type, with cheap and luxury alternatives for houses and apartments alike. Studio apartments are the smallest and most affordable, 1-bedroom apartments are closer to the average, while 2-bedroom apartments and 3-bedroom apartments offer a more generous square footage.

What is the average rent in Manhattan?

As of Oct / 2025, the average rent in Manhattan is $5,632 per month, a 11.89% increase from last year’s average of $5,034.

How much does rent cost by apartment size in Manhattan?

In Manhattan, studios rent for $4,053 per month, one-bedroom units average $5,481 per month, two-bedrooms cost around $7,631 per month, and three-bedroom apartments rent for about $12,192 per month

What is the average apartment size in Manhattan?

The typical apartment in Manhattan offers about 704 sq. ft. square feet of living space, though actual sizes vary depending on layout and amenities.

How large are apartments by bedroom count in Manhattan?

Studio apartments in Manhattan average 478 sq. ft., one-bedrooms offer 685 sq. ft., two-bedrooms are about 995 sq. ft., and three-bedroom apartments average 1,533 sq. ft.

What are the most affordable neighborhoods in Manhattan?

The most affordable neighborhoods in Manhattan include Washington Heights ($2,741/month), Harlem ($3,315/month), and East Harlem ($3,744/month), all below the citywide average of $5,632.

What are the most expensive neighborhoods in Manhattan?

The most expensive neighborhoods in Manhattan are Lincoln Square ($7,422/month), Sutton Place ($7,468/month), and Lenox Hill ($8,794/month), often due to premium locations and high-end amenities.

Manhattan, NY Rental Market Trends

Q: What's the typical rent budget in Manhattan?

The typical rent budget in Manhattan ranges from $3,000 to per month, with 99% of rentals in this range.

Q: Do most people rent or own in Manhattan?

In Manhattan, 75% of households rent while 25% own their homes, based on the latest U.S. Census data.

Last updated: November 18, 2025 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau

Highlights

The average rent for an apartment in Manhattan is $5,632, a 11.89% increase compared to the previous year, when the average rent was $5,034.

Studio Apartments at $4,053 offer the most budget-friendly option with 478 square feet, ideal for single renters prioritizing location over space.

One-bedroom apartments provide 685 square feet for $5,481, balancing privacy and affordability.

Two-beedroom units at $7,631 offer 995 square feet, perfect for roommates or small families.

Three-bedroom apartments deliver maximum space (1,533 sq ft) for $12,192, suitable for larger households.

Average rent in Manhattan, NY

Last updated: November 18, 2025

	Average Rent	Average Apartment Size
All Rentals	$5,632	704 sq. ft.
Studio	$4,053	478 sq. ft.
1 Bed	$5,481	685 sq. ft.
2 Beds	$7,631	995 sq. ft.
3 Beds	$12,192	1,533 sq. ft.

Manhattan, NY rent trends

What's the typical rent budget in Manhattan, NY?

The largest share of rentals in Manhattan, NY (99%) fall between $3,000- per month. This suggests that most people succesfully find suitable apartments within this price.

Do most people rent or own in Manhattan, NY?

571,801 or 75% of the households in Manhattan, NY are renter-occupied while 188,778 or 25% are owner-occupied.

Access comprehensive real estate data and information on Yardi Matrix

Most affordable neighborhoods in Manhattan?

Washington Heights $2,741/month

Harlem $3,315/month

East Harlem $3,744/month

All of these neighborhoods fall below the city wide average of $5,632/month.

Most expensive neighborhoods in Manhattan?

Lincoln Square $7,422/month

Sutton Place $7,468/month

Lenox Hill $8,794/month

These neighborhoods typically command higher rents due to location, amenities, and demand.

Average Rent in Manhattan, NY By Neighborhood

Neighborhood	Average Rent
Lenox Hill	$8,794
Sutton Place	$7,468
Lincoln Square	$7,422
TriBeCa	$6,506
NoHo	$6,410
Yorkville	$6,284
Greenwich Village	$6,149
Chelsea	$6,087
NoMad	$6,083
Murray Hill	$6,078
Upper West Side	$6,048
Kips Bay	$5,914
Lower East Side	$5,865
Flatiron District	$5,836
Battery Park City	$5,787
Manhattan Valley	$5,779
Carnegie Hill	$5,579
West Village	$5,493
Clinton - Hell's Kitchen	$5,325
Financial District	$5,288
Gramercy Park	$5,204
East Village	$5,203
Theatre District - Times Square	$5,067
Central Midtown	$4,909
Turtle Bay	$4,835
Garment District	$4,745
East Harlem	$3,744
Harlem	$3,315
Washington Heights	$2,741

Manhattan | Rent Comparison by Neighborhood

Rent in Battery Park City is 4% higher than in Carnegie Hill

$5,787

Battery Park City rent is 3% higher than Manhattan average

Average Rent $5,787

$5,579

Carnegie Hill rent is 1% lower than Manhattan average

Average Rent $5,579

How Manhattan Compares to Other Cities

City	Average Rent
Manhattan	$5,632
New York City	$5,284
Brooklyn	$4,205
Hudson Valley	$2,595
Queens	$4,171
Buffalo	$1,410
Albany	$1,728
Ithaca	$2,300
Rochester	$1,512
Troy	$1,588
Syracuse	$1,707
Jersey City, NJ	$3,786
Newark, NJ	$1,741
Bayonne, NJ	$2,604
Hackensack, NJ	$2,576
Hoboken, NJ	$4,577
Englewood, NJ	$2,979
Mount Vernon, NY	$2,142
Clifton, NJ	$2,207
Garfield, NJ	$2,197
Passaic, NJ	$1,926

Where this data comes from

The rental statistics on this page were compiled by RentCafe.com, a nationwide apartment search website trusted by millions of renters to find apartments and houses for rent throughout the U.S.

Rent prices, trends, and apartment sizes were calculated based on data from our sister company, Yardi Matrix, an apartment market intelligence solution that covers approximately 90% of the U.S. metro area population. The data includes comprehensive information on all Manhattan apartment buildings with 50 or more units, totaling 23.5 million apartments across 181 U.S. markets.

Housing composition data was sourced from the U.S. Census Bureau, using the most recently available information by tenure.