Manhattan, NY Rental Market Trends
What is the average rent in Manhattan?
The average rent for an apartment in Manhattan is $5,264. The cost of rent varies depending on several factors, including location, size, and quality.
Average rent in Manhattan, NY
Last updated April 2025
| Average Rent | Average Apartment Size |
|---|---|
| $5,264 | 750 sq. ft. |
What is the average apartment size in Manhattan?
The average size for a Manhattan, NY apartment is 750 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.
Manhattan, NY apartment rent ranges
Manhattan, NY Occupied Housing Units
571,801 or 75% of the households in Manhattan, NY are renter-occupied while 188,778 or 25% are owner-occupied.
Manhattan, NY rent trends
Average Rent in Manhattan, NY By Neighborhood
| City | Average Rent |
|---|---|
| Sutton Place | $6,735 |
| TriBeCa | $6,506 |
| NoMad | $6,427 |
| Lincoln Square | $6,385 |
| Battery Park City | $6,317 |
| Chelsea | $6,014 |
| NoHo | $5,993 |
| East Village | $5,917 |
| Lower East Side | $5,865 |
| Carnegie Hill | $5,652 |
| Greenwich Village | $5,569 |
| Upper West Side | $5,482 |
| West Village | $5,472 |
| Manhattan Valley | $5,397 |
| Theatre District - Times Square | $5,337 |
| Lenox Hill | $5,185 |
| Murray Hill | $5,163 |
| Yorkville | $5,108 |
| Flatiron District | $5,042 |
| Kips Bay | $5,020 |
| Clinton - Hell's Kitchen | $4,963 |
| Turtle Bay | $4,947 |
| Central Midtown | $4,904 |
| Central Park South | $4,807 |
| Garment District | $4,730 |
| Financial District | $4,705 |
| East Harlem | $4,507 |
| Gramercy Park | $4,463 |
| Koreatown | $4,254 |
| Roosevelt Island | $3,844 |
| Harlem | $3,148 |
| Inwood | $2,815 |
| Washington Heights | $2,741 |
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What are the most affordable neighborhoods in Manhattan?
The most affordable neighborhoods in Manhattan are Washington Heights, where the average rent goes for $2,741/month, Inwood, where renters pay $2,815/mo on average, and Harlem, where the average rent goes for $3,148/mo. If you’re looking for other great deals, check out the listings from Roosevelt Island ($3,844), Koreatown ($4,254), and Gramercy Park ($4,463), where the asking prices are below the average Manhattan rent of $5,264/mo.
What are the most expensive neighborhoods in Manhattan?
The most expensive neighborhoods in Manhattan are NoMad ($6,427), TriBeCa ($6,506) and Sutton Place ($6,735).
What are the most popular neighborhoods in Manhattan?
The most popular neighborhood in Manhattan is NoHo, where there are 30 listings with an average rent of $5,993. Next up is Clinton - Hell's Kitchen, where apartments go for $4,963/month, followed by East Village with $5,917 If you’re looking to rent in Manhattan’s most popular neighborhoods, make sure to also check out Lenox Hill, where renters pay $5,185 on average, and Greenwich Village, where the average monthly rent is $5,569.
Manhattan | Rent Comparison by Neighborhood
Rent in Battery Park City is 12% higher than in Carnegie Hill
$6,317
Battery Park City rent is 20% higher than Manhattan average
Average Rent
$6,317
$5,652
Carnegie Hill rent is 7% higher than Manhattan average
Average Rent
$5,652
How Manhattan Compares to Other Cities
| State | Average Rent |
|---|---|
| Manhattan | $5,264 |
| New York City | $4,771 |
| Hudson Valley | $2,533 |
| Brooklyn | $3,447 |
| Queens | $3,194 |
| Ithaca | $2,243 |
| Buffalo | $1,361 |
| Albany | $1,672 |
| White Plains | $3,314 |
| Amityville | $2,880 |
| Poughkeepsie | $2,090 |
| Jersey City, NJ | $3,702 |
| Newark, NJ | $1,692 |
| Hoboken, NJ | $4,422 |
| Englewood, NJ | $2,855 |
| Hackensack, NJ | $2,520 |
| Bayonne, NJ | $2,574 |
| Mount Vernon | $2,298 |
| Clifton, NJ | $2,166 |
| Garfield, NJ | $2,288 |
| Passaic, NJ | $1,768 |
What is the average price for a storage unit in Manhattan?
The average rent for a non-climate-controlled 10'x10' storage unit in Manhattan is $517. Rental costs vary depending on several factors, including unit size and the storage facility's location and amenities.
Most Popular Apartments in Manhattan
SKY
605 West 42Nd Street, New York, NY 10036| STUDIO | Call for pricing |
| 1 BED | Call for pricing |
| 2 BEDS | Call for pricing |
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The Aldyn
60 Riverside Blvd., New York, NY 10069| STUDIO | $3,995+ |
| 1 BED | $5,665+ |
| 2 BEDS | $8,495+ |
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120 West 97th Street
120 West 97Th Street, Upper West Side, NY 10025| STUDIO | $3,400+ |
| 1 BED | $4,500 |
| 2 BEDS | $5,200+ |
112 East 7th Street
112 East 7Th Street, New York, NY 10009| STUDIO | $2,600+ |
| 1 BED | N/A |
| 2 BEDS | N/A |