Kips Bay, Manhattan, NY Rental Market Trends
Last updated: September 30, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Kips Bay is $5,927, a 6.75% increase compared to the previous year, when the average rent was $5,552.
Studio Apartments at $4,151 offer the most budget-friendly option with 481 square feet, ideal for single renters prioritizing location over space.
One-bedroom apartments provide 681 square feet for $5,486, balancing privacy and affordability.
Two-bedroom units at $6,654 offer 960 square feet, perfect for roommates or small families.
Three-bedroom apartments deliver maximum space (1,095 sq ft) for $8,483, suitable for larger households.
Average rent in Kips Bay, Manhattan, NY
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $5,927 | 770 sq. ft. |
| Studio | $4,151 | 481 sq. ft. |
| 1 Bed | $5,486 | 681 sq. ft. |
| 2 Beds | $6,654 | 960 sq. ft. |
| 3 Beds | $8,483 | 1,095 sq. ft. |
Kips Bay, Manhattan, NY rent trends
Rental prices in Kips Bay, Manhattan, NY have increased by 6.75% over the past year. The average rent moved from $5,552 to $5,927.
Do most people rent or own in Kips Bay, Manhattan, NY?
11,584 or 74% of the households in Kips Bay, Manhattan, NY are renter-occupied while 4,068 or 26% are owner-occupied.
Most affordable neighborhoods in Kips Bay?
Marble Hill $1,895/month
Inwood $2,276/month
Washington Heights $3,211/month
All of these neighborhoods fall below the city wide average of $5,769/month.Most expensive neighborhoods in Kips Bay?
Lincoln Square $6,673/month
Flatiron District $7,093/month
Sutton Place $7,318/month
These neighborhoods typically command higher rents due to location, amenities, and demand.Average Rent in Manhattan, NY By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| Sutton Place | $7,318 |
| Flatiron District | $7,093 |
| Lincoln Square | $6,673 |
| Central Midtown | $6,601 |
| NoMad | $6,517 |
| TriBeCa | $6,506 |
| NoHo | $6,410 |
| Greenwich Village | $6,405 |
| Upper West Side | $6,315 |
| NoLIta | $6,236 |
| Murray Hill | $6,216 |
| Lower East Side | $6,081 |
| West Village | $6,060 |
| Chelsea | $6,015 |
| Manhattan Valley | $5,985 |
| Kips Bay | $5,927 |
| Battery Park City | $5,916 |
| Financial District | $5,814 |
| Turtle Bay | $5,739 |
| Lenox Hill | $5,682 |
| East Village | $5,674 |
| Carnegie Hill | $5,448 |
| Gramercy Park | $5,437 |
| Clinton - Hell's Kitchen | $5,431 |
| Theatre District - Times Square | $5,413 |
| Yorkville | $5,260 |
| Koreatown | $4,840 |
| Garment District | $4,745 |
| Roosevelt Island | $4,703 |
| Civic Center | $4,639 |
| Morningside Heights | $4,377 |
| Harlem | $3,968 |
| East Harlem | $3,471 |
| Washington Heights | $3,211 |
| Inwood | $2,276 |
| Marble Hill | $1,895 |
Manhattan | Rent Comparison by Neighborhood
Rent in Kips Bay is 1% higher than in Battery Park City
Kips Bay rent is the same as Manhattan average
Battery Park City rent is 1% 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.