Kips Bay, Manhattan, NY Rental Market Trends
Last updated: November 18, 2025 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Kips Bay is $5,914, a 26.67% increase compared to the previous year, when the average rent was $4,669.
Studio Apartments at $4,266 offer the most budget-friendly option with 440 square feet, ideal for single renters prioritizing location over space.
One-bedroom apartments provide 693 square feet for $5,720, balancing privacy and affordability.
Two-beedroom units at $7,276 offer 994 square feet, perfect for roommates or small families.
Three-bedroom apartments deliver maximum space (1,239 sq ft) for $8,058, suitable for larger households.
Average rent in Kips Bay, Manhattan, NY
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $5,914 | 749 sq. ft. |
| Studio | $4,266 | 440 sq. ft. |
| 1 Bed | $5,720 | 693 sq. ft. |
| 2 Beds | $7,276 | 994 sq. ft. |
| 3 Beds | $8,058 | 1,239 sq. ft. |
Kips Bay, Manhattan, NY rent trends
Rental prices in Kips Bay, Manhattan, NY have increased by 26.67% over the past year. The average rent moved from $4,669 to $5,914.
Do most people rent or own in Kips Bay, Manhattan, NY?
11,444 or 72% of the households in Kips Bay, Manhattan, NY are renter-occupied while 4,365 or 28% are owner-occupied.
Most affordable neighborhoods in Kips Bay?
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 Kips Bay?
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 Kips Bay is 2% higher than in Battery Park City
Kips Bay rent is the same as Manhattan average
Battery Park City rent is 2% lower 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 Kips Bay 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.