Average Rent in Manhattan, New York, NY

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Current Versus Historical Manhattan, New York, NY Rents

Manhattan rentals average $4,050 for a studio rental to $10,500 for a 4-bedroom rental. The median price of all currently available listings is $5,495, or roughly $96 per square feet.
For the apartment units and housing in October 2026, median rents have risen substantially over the last year. Studio rentals prices have increased by $342 (9.21%) year-over-year from $3,708 to $4,050. 1-bedroom rentals prices have increased by $582 (12.34%) year-over-year from $4,713 to $5,295. 2-bedroom rentals prices have increased by $887 (14.25%) year-over-year from $6,224 to $7,111. 3-bedroom rentals prices have increased by $467 (6.00%) year-over-year from $7,783 to $8,250. 4-bedroom rentals prices have increased by $965 (9.62%) year-over-year from $10,030 to $10,995. Note that this figure includes all active and rented listings throughout the month.
Month-to-month, seasonality might have a bigger impact than overall trend price changes. Studio rents have gone up by 0.91% this month. 1-bedroom rents have gone up by 1.92% this month. 2-bedroom rents have gone up by 1.01% this month. 3-bedroom rents have gone up by 1.04% this month. 4-bedroom rents have gone up by 5.40% this month.
Beds
Price / Sqft
Oct 2026 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
Studio $102.19 $4,050 $3,708 (9.21%) $3,413 (18.66%)
1 BR $94.26 $5,295 $4,713 (12.34%) $4,264 (24.19%)
2 BR $93.32 $7,111 $6,224 (14.25%) $5,757 (23.53%)
3 BR $99.05 $8,250 $7,783 (6.00%) $6,967 (18.42%)
4+ BR $90.41 $10,995 $10,030 (9.62%) $8,562 (28.42%)

Historical Rents in Manhattan, New York, NY

Studio
1 Bed
2 Bed
3 Bed
4 Bed

Top Cities Near Manhattan

There are a total of 29 cities nearby Manhattan. The average rent in Manhattan is currently $2,900 per month. A total of 26 cities nearby have an average rent lower than that. Our records show that Waterbury, CT, with an average rent of $1,700, is the most affordable city nearby. In contrast, the most expensive city near Manhattan, New York, NY is Westport, CT. Monthly rents here are on average $8,500 per month.

Let's compare Manhattan, New York, NY's rent against other top cities nearby by bedroom size. Typically, rent for studios in Manhattan, New York, NY is 53.58% more expensive than other cities nearby. One bedrooms are about 56.19% more expensive. Two bedrooms in Manhattan, New York, NY are about 58.15% more expensive. Finally, rent for three bedrooms are about 56.67% more expensive. Want more information? Check out the top 10 cities out of 29 total cities near Manhattan, New York, NY in the following table.
City Studio 1 Bed 2 Bed All
Kearny, NJ $25 $1,748 $2,275 $2,250
Lodi, NJ N/A $1,925 $2,300 $2,300
Garfield, NJ $55,000 $1,800 $2,200 $2,425
Jersey City, NJ $2,889 $2,350 $2,273 $2,488
Hackensack, NJ $1,700 $1,963 $2,760 $2,700
Fort Lee, NJ $1,600 $2,325 $3,100 $2,900
Cliffside Park, NJ N/A $2,100 $3,000 $3,000
Palisades Park, NJ $1,700 $2,070 $3,000 $3,300
Edgewater, NJ $2,455 $2,700 $4,700 $3,775
New York, NY $3,900 $4,795 $6,257 $4,975

Top Neighborhoods Near Manhattan

There are a total of 71 neighborhoods in or near Manhattan. Some of these neighborhoods include Bedford-Stuyvesant, Astoria, and Crown Heights. We've included the top 30 neighborhoods out of 71 total neighborhoods in or near Manhattan, New York, NY in the following table.

The average rent for these 30 neighborhoods in or near Manhattan, New York, NY is currently around $4,650 per month. A total of 50 neighborhoods have a lower average rent. Interestingly, the neighborhoods' average rent is less than Manhattan's average rent, which is actually $5,495. Out of all the neighborhoods in or near Manhattan, East Side has the most affordable average rent at $1,950 per month. Whereas, at $8,048 average rent per month, Tribeca is the most expensive neighborhood in or near Manhattan. View the following table for more information.
Neighborhood Studio 1 Bed 2 Bed All
Bedford-Stuyvesant, New York, NY $3,148 $3,375 $4,200 $3,600
Astoria, New York, NY $2,948 $3,400 $4,581 $3,748
Crown Heights, New York, NY $2,968 $3,427 $4,675 $3,770
Bushwick, New York, NY $3,124 $3,450 $3,895 $3,900
Harlem, New York, NY $2,855 $3,222 $3,995 $3,995
East Harlem, New York, NY $3,225 $3,600 $3,495 $4,000
West Harlem, New York, NY $2,750 $3,200 $4,961 $4,173
Downtown Brooklyn, New York, NY $3,575 $4,426 $6,404 $4,592
Long Island City, New York, NY $3,694 $4,495 $6,540 $4,595
Greenpoint, New York, NY $3,690 $4,595 $7,000 $4,650
Murray Hill, New York, NY $3,829 $5,350 $7,662 $4,965
Hell's Kitchen, New York, NY $3,800 $4,700 $5,995 $5,000
Williamsburg, New York, NY $4,069 $5,000 $5,672 $5,009
Midtown, New York, NY $4,039 $4,905 $7,634 $5,075
Financial District, New York, NY $4,200 $5,450 $6,935 $5,195
Midtown East, New York, NY $3,900 $5,000 $7,900 $5,250
Upper East Side, New York, NY $3,450 $5,000 $7,995 $5,395
Midtown South, New York, NY $3,995 $5,050 $7,996 $5,400
Hudson Yards, New York, NY $4,250 $5,405 $7,995 $5,445
Kips Bay, New York, NY $3,950 $4,800 $5,995 $5,495
Upper West Side, New York, NY $3,495 $5,100 $7,900 $5,600
Stuyvesant Town - Peter Cooper Village, New York, NY $4,926 $5,454 $5,800 $5,674
West Village, New York, NY $5,100 $5,500 $6,950 $5,675
East Village, New York, NY $3,600 $4,600 $5,995 $5,950
Lower East Side, New York, NY $4,578 $4,495 $7,695 $5,995
Chelsea, New York, NY $4,520 $6,250 $10,095 $6,000
NoMad, New York, NY $4,495 $5,969 $7,995 $6,124
Greenwich Village, New York, NY $4,800 $6,975 $12,995 $6,475
Gramercy Park, New York, NY $4,600 $6,600 $9,900 $6,995
Tribeca, New York, NY $5,999 $6,999 $8,295 $8,048

Top Counties Near Manhattan

There are a total of 37 counties located by Manhattan, New York, NY. Some of these counties include Kearny, NJ, Lodi, NJ, and Jersey City, NJ. The average rent for rentals in these counties is $3,100. That's roughly around $35 per sqft. A total of 37 counties have a lower average rent. The county that is the most affordable is Waterbury, CT. Its average rent per month is $1,700. Vice versa, with an average rent of $4,800, Oyster Bay, NY is the most expensive county by Manhattan, New York, NY.

Typically, rent for studios in Manhattan, New York, NY is 49.51% more expensive than other counties nearby. In comparison, rent for one bedroom listings in Manhattan, New York, NY is 54.29% more expensive than other counties nearby. Finally, rent for two bedrooms in Manhattan, New York, NY is 56.61% more expensive than other counties nearby. We've listed the top 10 counties in the table below.
County Studio 1 Bed 2 Bed All
Kearny, NJ $25 $1,748 $2,275 $2,250
Lodi, NJ N/A $1,925 $2,300 $2,300
Jersey City, NJ $2,889 $2,350 $2,273 $2,488
Hackensack, NJ $1,700 $1,963 $2,760 $2,700
Fort Lee, NJ $1,600 $2,325 $3,100 $2,900
Cliffside Park, NJ N/A $2,100 $3,000 $3,000
Bronx, New York, NY $2,729 $3,250 $3,550 $3,250
Palisades Park, NJ $1,700 $2,070 $3,000 $3,300
Edgewater, NJ $2,455 $2,700 $4,700 $3,775
Brooklyn, New York, NY $3,541 $4,150 $5,029 $4,250

Top Zipcodes Near Manhattan

There are a total of 50 zipcodes in or near Manhattan, New York, NY. The average rent for all of these zipcodes is $5,038. A total of 34 zipcodes have an average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 10031, New York, NY at $3,275 per month. In comparison, the zipcode with the most expensive average rent of $9,552 per month is 10069, New York, NY.

Studios in these zipcodes have an average rent of $3,692. That's at least $98 per sqft. Do you need more space than that? Average rent for one bedroom rentals for the zipcodes in or near Manhattan, New York, NY is $4,911 per month. Or in other words, $90 per sqft. Meanwhile, two bedroom apartments will cost you an average of $6,692 per month. Which comes out to $87 per sqft. The following table includes the top 10 zipcodes in Manhattan, New York, NY. You can view the average rent breakdown for each zipcode by bedroom size.
Zipcode Studio 1 Bed 2 Bed All
10019, New York, NY $3,830 $4,850 $6,550 $5,100
10016, New York, NY $3,925 $5,250 $6,834 $5,400
10003, New York, NY $4,500 $6,050 $6,995 $6,398
10009, New York, NY $3,275 $5,097 $5,750 $5,750
10025, New York, NY $3,375 $4,597 $5,400 $5,000
10036, New York, NY $3,877 $5,035 $7,000 $5,274
10022, New York, NY $3,995 $4,973 $7,350 $6,200
10128, New York, NY $3,300 $4,213 $6,923 $4,950
11101, New York, NY $3,694 $4,500 $6,502 $4,679
10017, New York, NY $3,800 $5,100 $10,700 $5,075

Frequently Asked Questions - Manhattan Average Rents

What is the average rent price in Manhattan, New York, NY?
The average monthly rental price for Manhattan, New York, NY apartments for rent is approximately $5,495. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.
Do Manhattan, New York, NY rent prices drop in winter?
Yes! On average we see a 3.4% drop in rental prices between the peak summer months and the slower winter months. With the added bonus of decreased competition from other renters looking to move, winter is generally considered the best time of the year to find an apartment for rent in Manhattan, New York, NY.
How much is a studio apartment in Manhattan, New York, NY?
The average monthly rental price for studio apartments is $4,050 and an average price per square feet of $102.19. There are a total of 5,318 studio apartment listings currently available for rent in Manhattan.
How much is a one bedroom apartment in Manhattan, New York, NY?
The average monthly rental price for one bedroom apartments is $5,250 and an average price per square feet of $94.26. There are a total of 8,761 one bedroom apartment listings currently available for rent in Manhattan.
How much is a two bedroom apartment in Manhattan, New York, NY?
The average monthly rental price for two bedroom apartments is $7,168 and an average price per square feet of $93.32. There are a total of 6,086 two bedroom apartment listings currently available for rent in Manhattan.
How have rent prices in Manhattan, New York, NY changed this year?
Rent prices for rentals in Manhattan, New York, NY can fluctuate yearly. Specifically, studio rental prices have changed by 0.09%, one bedroom rental prices have changed by 0.12%, two bedroom rental prices have changed by 0.14%, three bedroom rental prices have changed by 0.06% year-over-year.
What is a reasonable rent price in Manhattan, New York, NY?
A reasonable rent price in Manhattan, New York, NY is around $4,396/month. You can search for these reasonably priced rental listings on RentHop.