Average Rent in Manhattan, New York, NY

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Current Versus Historical Manhattan, New York, NY Rents

Manhattan rentals average $3,775 for a studio rental to $9,995 for a 4-bedroom rental. The median price of all currently available listings is $5,100, or roughly $7 per square feet.

For the apartment units and housing in July 2025, median rents have risen over the last year. Studio rentals prices have increased by $233 (6.64%) year-over-year from $3,517 to $3,750. 1-bedroom rentals prices have increased by $295 (6.62%) year-over-year from $4,455 to $4,750. 2-bedroom rentals prices have increased by $273 (4.73%) year-over-year from $5,777 to $6,050. 3-bedroom rentals prices have increased by $515 (7.38%) year-over-year from $6,980 to $7,495. 4-bedroom rentals prices have increased by $828 (9.04%) year-over-year from $9,167 to $9,995. 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 1.86% this month. 1-bedroom rents have gone up by 1.28% this month. 2-bedroom rents have gone down by 1.07% this month. 3-bedroom rents have gone up by 0.34% this month. 4-bedroom rents have gone up by 5.66% this month.

Beds	Price / Sqft	Jul 2025 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$8.28	$3,750	$3,517 (6.64%)	$3,251 (15.34%)
1 BR	$7.44	$4,750	$4,455 (6.62%)	$4,321 (9.93%)
2 BR	$6.84	$6,050	$5,777 (4.73%)	$5,635 (7.36%)
3 BR	$7.16	$7,495	$6,980 (7.38%)	$7,183 (4.34%)
4+ BR	$7.97	$9,995	$9,167 (9.04%)	$8,530 (17.17%)

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 18 cities nearby Manhattan. The average rent in Manhattan is currently $4,075 per month. A total of 14 cities nearby have an average rent lower than that. Our records show that Trenton, NJ, with an average rent of $1,500, 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 $12,000 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 66.23% more expensive than other cities nearby. One bedrooms are about 52.08% more expensive. Two bedrooms in Manhattan, New York, NY are about 40.29% more expensive. Finally, rent for three bedrooms are about 41.29% more expensive. Want more information? Check out the top 10 cities out of 18 total cities near Manhattan, New York, NY in the following chart.

City	Studio	1 Bed	2 Bed	All
Ocean Grove, NJ	$1,650	$1,575	$2,000	$2,763
Norwalk, CT	$1,800	$2,045	$2,895	$2,925
White Plains, NY	$2,200	$2,700	$3,575	$3,000
Stamford, CT	$2,094	$2,200	$3,000	$3,000
Long Branch, NJ	N/A	$2,400	$3,600	$3,550
Asbury Park, NJ	$1,550	$2,400	$3,700	$3,675
Long Beach, NY	$2,150	$2,800	$3,875	$3,800
Harrison, NY	$2,760	$3,168	$4,002	$4,750
New York, NY	$3,725	$4,500	$5,600	$4,795
Darien, CT	N/A	$4,373	$7,400	$5,900

Top Neighborhoods Near Manhattan

There are a total of 46 neighborhoods in or near Manhattan. Some of these neighborhoods include Flatbush, Washington Heights, and Bedford-Stuyvesant. We've included the top 30 neighborhoods out of 46 total neighborhoods in or near Manhattan, New York, NY in the following chart.

The average rent for these 30 neighborhoods in or near Manhattan, New York, NY is currently around $4,711 per month. A total of 29 neighborhoods have a lower average rent. Meaning, only a single neighborhood out of these neighborhoods has a higher average rent. Out of all the neighborhoods in or near Manhattan, East Side has the most affordable average rent at $2,000 per month. Whereas, at $11,000 average rent per month, SoHo is the most expensive neighborhood in or near Manhattan. View the following chart for more information.

Neighborhood	Studio	1 Bed	2 Bed	All
Flatbush, New York, NY	$2,756	$3,000	$3,325	$3,224
Washington Heights, New York, NY	$2,250	$2,715	$3,400	$3,500
Bedford-Stuyvesant, New York, NY	$2,513	$3,000	$3,650	$3,534
East Harlem, New York, NY	$2,695	$3,323	$3,595	$3,600
Harlem, New York, NY	$2,695	$3,298	$3,695	$3,695
Bushwick, New York, NY	$2,895	$3,100	$3,500	$3,699
Crown Heights, New York, NY	$2,998	$3,500	$4,500	$3,700
West Harlem, New York, NY	$2,898	$3,275	$3,995	$3,940
Prospect Heights, New York, NY	$3,731	$4,263	$5,550	$4,300
Murray Hill, New York, NY	$3,725	$4,425	$5,998	$4,325
Long Island City, New York, NY	$3,500	$4,295	$6,224	$4,488
Upper East Side, New York, NY	$3,200	$4,400	$5,995	$4,489
Hell's Kitchen, New York, NY	$3,675	$4,495	$6,655	$4,650
Midtown, New York, NY	$3,775	$4,638	$7,200	$4,773
Financial District, New York, NY	$3,864	$5,111	$7,533	$4,795
Kips Bay, New York, NY	$3,677	$3,995	$5,190	$4,995
Williamsburg, New York, NY	$3,800	$5,000	$4,850	$5,000
Hudson Yards, New York, NY	$3,918	$5,088	$7,679	$5,045
Greenpoint, New York, NY	$3,659	$4,650	$6,155	$5,127
East Village, New York, NY	$3,950	$3,995	$5,495	$5,400
West Village, New York, NY	$5,100	$5,825	$7,995	$5,425
Upper West Side, New York, NY	$3,497	$4,800	$6,693	$5,450
NoLita, New York, NY	$4,075	$5,395	$6,495	$5,495
Midtown East, New York, NY	$3,700	$5,200	$6,550	$5,650
Chelsea, New York, NY	$4,050	$5,859	$9,890	$5,670
NoMad, New York, NY	$4,457	$5,769	$8,402	$6,220
Greenwich Village, New York, NY	$5,150	$7,000	$9,500	$6,875
Lower East Side, New York, NY	$3,000	$4,395	$5,995	$6,900
Gramercy Park, New York, NY	$3,788	$6,450	$6,495	$6,995
Ocean Beach, NY	N/A	N/A	$4,750	$8,500

Top Counties Near Manhattan

There are a total of 46 counties located by Manhattan, New York, NY. Some of these counties include Bronx, New York, NY, White Plains, NY, and Queens, New York, NY. The average rent for rentals in these counties is $3,675. That's roughly around $3 per sqft. A total of 28 counties have a lower average rent. The county that is the most affordable is Trenton, NJ. It's average rent per month is $1,500. Vice versa, with an average rent of $12,000, Westport, CT is the most expensive county by Manhattan, New York, NY.

Typically, rent for studios in Manhattan, New York, NY is 58.94% more expensive than other counties nearby. In comparison, rent for one bedroom listings in Manhattan, New York, NY is 49.06% more expensive than other counties nearby. Finally, rent for two bedrooms in Manhattan, New York, NY is 43.33% more expensive than other counties nearby. We've listed the top 10 counties in the chart below.

County	Studio	1 Bed	2 Bed	All
Bronx, New York, NY	$2,448	$2,400	$3,300	$3,000
White Plains, NY	$2,200	$2,700	$3,575	$3,000
Queens, New York, NY	$3,200	$3,309	$4,200	$3,500
Greenburgh, NY	$2,900	$2,648	$3,500	$3,700
Long Beach, NY	$2,150	$2,800	$3,875	$3,800
Hempstead, NY	$2,173	$2,700	$3,500	$3,895
Brooklyn, New York, NY	$3,450	$3,850	$4,550	$4,100
Oyster Bay, NY	N/A	$2,850	$3,250	$4,500
Harrison, NY	$2,760	$3,168	$4,002	$4,750
North Hempstead, NY	N/A	$3,500	$4,600	$4,925

Top Zipcodes Near Manhattan

There are a total of 2 zipcodes in or near Manhattan, New York, NY. The average rent for all of these zipcodes is $5,050.

The following chart includes the top 2 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
10128, New York, NY	$2,800	$3,775	$7,200	$4,500
10023, New York, NY	$3,600	$5,250	$7,995	$5,600

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 $5,100. 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 $3,775 and an average price per square feet of $8.28. There are a total of 2,131 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 $4,800 and an average price per square feet of $7.44. There are a total of 3,528 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 $6,009 and an average price per square feet of $6.84. There are a total of 2,574 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 0.07%, one bedroom rental prices have changed by 0.07%, two bedroom rental prices have changed by 0.05%, and three bedroom rental prices have changed by 0.07% 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 $4,080/month. You can search for these reasonably priced rental listings on RentHop.