Murray Hill, Manhattan, New York City, 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 Murray Hill is $6,078, a 20.83% increase compared to the previous year, when the average rent was $5,031.
Studio Apartments at $3,696 offer the most budget-friendly option with 512 square feet, ideal for single renters prioritizing location over space.
One-bedroom apartments provide 776 square feet for $6,243, balancing privacy and affordability.
Two-beedroom units at $6,885 offer 1,043 square feet, perfect for roommates or small families.
Three-bedroom apartments deliver maximum space (1,272 sq ft) for $7,931, suitable for larger households.
Average rent in Murray Hill, Manhattan, New York City, NY
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $6,078 | 794 sq. ft. |
| Studio | $3,696 | 512 sq. ft. |
| 1 Bed | $6,243 | 776 sq. ft. |
| 2 Beds | $6,885 | 1,043 sq. ft. |
| 3 Beds | $7,931 | 1,272 sq. ft. |
Murray Hill, Manhattan, New York City, NY rent trends
Rental prices in Murray Hill, Manhattan, New York City, NY have increased by 20.83% over the past year. The average rent moved from $5,031 to $6,078.
Do most people rent or own in Murray Hill, Manhattan, New York City, NY?
10,734 or 72% of the households in Murray Hill, Manhattan, New York City, NY are renter-occupied while 4,160 or 28% are owner-occupied.
Most affordable neighborhoods in Murray Hill?
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 Murray Hill?
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 Murray Hill is 5% higher than in Battery Park City
Murray Hill rent is the same as Manhattan average
Battery Park City rent is 5% 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 Murray Hill 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.