Greenwich Village, Manhattan, NY Rental Market Trends
Last updated: June 02, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Greenwich Village is $5,167, a 13.61% decrease compared to the previous year, when the average rent was $5,981.
Studio Apartments at $3,863 offer the most budget-friendly option with 491 square feet, ideal for single renters prioritizing location over space.
One-bedroom apartments provide 706 square feet for $5,854, balancing privacy and affordability.
Two-beedroom units at $7,805 offer 1,139 square feet, perfect for roommates or small families.
Average rent in Greenwich Village, Manhattan, NY
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $5,167 | 676 sq. ft. |
| Studio | $3,863 | 491 sq. ft. |
| 1 Bed | $5,854 | 706 sq. ft. |
| 2 Beds | $7,805 | 1,139 sq. ft. |
| 3 Beds | n/a | n/a |
Greenwich Village, Manhattan, NY rent trends
Rental prices in Greenwich Village, Manhattan, NY have decreased by 13.61% over the past year. The average rent moved from $5,981 to $5,167.
Do most people rent or own in Greenwich Village, Manhattan, NY?
10,473 or 68% of the households in Greenwich Village, Manhattan, NY are renter-occupied while 5,003 or 32% are owner-occupied.
Most affordable neighborhoods in Greenwich Village?
Marble Hill $1,895/month
Inwood $2,276/month
Harlem $2,473/month
All of these neighborhoods fall below the city wide average of $5,345/month.Most expensive neighborhoods in Greenwich Village?
Sutton Place $6,620/month
NoLIta $6,954/month
Flatiron District $7,093/month
These neighborhoods typically command higher rents due to location, amenities, and demand.Average Rent in Manhattan, NY By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| Flatiron District | $7,093 |
| NoLIta | $6,954 |
| Sutton Place | $6,620 |
| TriBeCa | $6,506 |
| NoMad | $6,452 |
| NoHo | $6,410 |
| Central Midtown | $6,191 |
| Lincoln Square | $5,996 |
| Lower East Side | $5,970 |
| Financial District | $5,957 |
| Chelsea | $5,938 |
| Battery Park City | $5,819 |
| East Village | $5,779 |
| Kips Bay | $5,755 |
| Turtle Bay | $5,596 |
| Murray Hill | $5,575 |
| Manhattan Valley | $5,546 |
| Theatre District - Times Square | $5,417 |
| West Village | $5,381 |
| Carnegie Hill | $5,256 |
| Clinton - Hell's Kitchen | $5,221 |
| Greenwich Village | $5,167 |
| Lenox Hill | $5,114 |
| Yorkville | $5,088 |
| Upper West Side | $4,933 |
| Roosevelt Island | $4,829 |
| Garment District | $4,745 |
| Civic Center | $4,639 |
| Morningside Heights | $4,377 |
| Gramercy Park | $4,158 |
| East Harlem | $3,920 |
| Washington Heights | $3,211 |
| Harlem | $2,473 |
| Inwood | $2,276 |
| Marble Hill | $1,895 |
Manhattan | Rent Comparison by Neighborhood
Rent in Greenwich Village is 11% lower than in Battery Park City
Greenwich Village rent is the same as Manhattan average
Battery Park City rent is 13% higher than Manhattan average
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 Greenwich Village 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.