What is the average apartment size in Downtown Manhattan, Manhattan, NY?

The average size for a Downtown Manhattan, Manhattan, NY apartment is 673 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 Downtown Manhattan?

As of Oct / 2025, the average rent in Downtown Manhattan is $5,373 per month, a 1.06% increase from last year’s average of $5,317.

How much does rent cost by apartment size in Downtown Manhattan?

In Downtown Manhattan, studios rent for $4,282 per month, one-bedroom units average $5,575 per month, two-bedrooms cost around $7,510 per month, and three-bedroom apartments rent for about $11,412 per month

What is the average apartment size in Downtown Manhattan?

The typical apartment in Downtown Manhattan offers about 673 sq. ft. square feet of living space, though actual sizes vary depending on layout and amenities.

How large are apartments by bedroom count in Downtown Manhattan?

Studio apartments in Downtown Manhattan average 482 sq. ft., one-bedrooms offer 715 sq. ft., two-bedrooms are about 991 sq. ft., and three-bedroom apartments average 1,450 sq. ft.

What are the most affordable neighborhoods in Downtown Manhattan?

The most affordable neighborhoods in Downtown 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 Downtown Manhattan?

The most expensive neighborhoods in Downtown 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.

Downtown Manhattan, Manhattan, NY Rental Market Trends

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

The typical rent budget in Downtown Manhattan ranges from $3,000 to per month, with 98% of rentals in this range.

Q: Do most people rent or own in Downtown Manhattan?

In Downtown Manhattan, 77% of households rent while 23% 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 Downtown Manhattan is $5,373, a 1.06% increase compared to the previous year, when the average rent was $5,317.

Studio Apartments at $4,282 offer the most budget-friendly option with 482 square feet, ideal for single renters prioritizing location over space.

One-bedroom apartments provide 715 square feet for $5,575, balancing privacy and affordability.

Two-beedroom units at $7,510 offer 991 square feet, perfect for roommates or small families.

Three-bedroom apartments deliver maximum space (1,450 sq ft) for $11,412, suitable for larger households.

Average rent in Downtown Manhattan, Manhattan, NY

Last updated: November 18, 2025

	Average Rent	Average Apartment Size
All Rentals	$5,373	673 sq. ft.
Studio	$4,282	482 sq. ft.
1 Bed	$5,575	715 sq. ft.
2 Beds	$7,510	991 sq. ft.
3 Beds	$11,412	1,450 sq. ft.

Downtown Manhattan, Manhattan, NY rent trends

Rental prices in Downtown Manhattan, Manhattan, NY have increased by 1.06% over the past year. The average rent moved from $5,317 to $5,373.

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

The largest share of rentals in Downtown Manhattan, Manhattan, NY (98%) 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 Downtown Manhattan, Manhattan, NY?

114,123 or 77% of the households in Downtown Manhattan, Manhattan, NY are renter-occupied while 34,425 or 23% are owner-occupied.

Access comprehensive real estate data and information on Yardi Matrix

Most affordable neighborhoods in Downtown 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 Downtown 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 8% higher than Manhattan average

Average Rent $5,787

$5,579

Carnegie Hill rent is 4% higher than Manhattan average

Average Rent $5,579

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 Downtown 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.