Average Rent in Manhattan, New York, NY

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Current Versus Historical Manhattan, New York, NY Rents

Manhattan rentals average $3,950 for a studio rental to $11,000 for a 4-bedroom rental. The median price of all currently available listings is $5,450, or roughly $96 per square feet.
For the apartment units and housing in July 2026, median rents have risen substantially over the last year. Studio rentals prices have increased by $280 (7.53%) year-over-year from $3,720 to $4,000. 1-bedroom rentals prices have increased by $492 (10.45%) year-over-year from $4,704 to $5,195. 2-bedroom rentals prices have increased by $803 (12.91%) year-over-year from $6,215 to $7,018. 3-bedroom rentals prices have increased by $471 (6.26%) year-over-year from $7,528 to $7,999. 4-bedroom rentals prices have increased by $1,303 (13.43%) year-over-year from $9,698 to $11,000. 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 1.74% this month. 1-bedroom rents have gone up by 2.11% this month. 2-bedroom rents have gone up by 3.06% this month. 3-bedroom rents have gone up by 0.03% this month. 4-bedroom rents have gone up by 3.99% this month.
Beds
Price / Sqft
Jul 2026 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
Studio $100.65 $4,000 $3,720 (7.53%) $3,402 (17.57%)
1 BR $94.84 $5,195 $4,704 (10.45%) $4,337 (19.77%)
2 BR $94.29 $7,018 $6,215 (12.91%) $5,601 (25.28%)
3 BR $94.21 $7,999 $7,528 (6.26%) $7,242 (10.45%)
4+ BR $97.10 $11,000 $9,698 (13.43%) $8,697 (26.49%)

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 24 cities nearby Manhattan. The average rent in Manhattan is currently $3,049 per month. A total of 21 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 $10,500 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 50.63% more expensive than other cities nearby. One bedrooms are about 53.17% more expensive. Two bedrooms in Manhattan, New York, NY are about 55.08% more expensive. Finally, rent for three bedrooms are about 53.56% more expensive. Want more information? Check out the top 10 cities out of 24 total cities near Manhattan, New York, NY in the following table.
City Studio 1 Bed 2 Bed All
Newark, NJ $1,950 $1,600 $1,900 $2,100
Garfield, NJ N/A $1,500 $2,250 $2,475
Hackensack, NJ $1,750 $2,025 $2,650 $2,550
Jersey City, NJ $2,734 $2,400 $2,700 $2,600
Yonkers, NY $2,200 $2,290 $2,525 $2,600
Cliffside Park, NJ N/A $2,075 $3,350 $2,675
Fort Lee, NJ $1,600 $2,725 $2,950 $3,098
Palisades Park, NJ $1,550 $1,950 $2,775 $3,172
New Rochelle, NY $2,800 $2,875 $3,850 $3,300
New York, NY $3,800 $4,650 $6,250 $4,850

Top Neighborhoods Near Manhattan

There are a total of 71 neighborhoods in or near Manhattan. Some of these neighborhoods include Bedford-Stuyvesant, Astoria, and West Harlem. 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 51 neighborhoods have a lower average rent. Interestingly, the neighborhoods' average rent is less than Manhattan's average rent, which is actually $5,450. Out of all the neighborhoods in or near Manhattan, Brooklawn - St. Vincent has the most affordable average rent at $2,000 per month. Whereas, at $8,750 average rent per month, Two Bridges 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 $3,235 $3,395 $3,850 $3,595
Astoria, New York, NY $2,750 $3,400 $4,225 $3,600
West Harlem, New York, NY $2,798 $3,600 $3,695 $3,695
Crown Heights, New York, NY $3,250 $3,500 $4,300 $3,697
Bushwick, New York, NY $3,369 $3,500 $3,750 $3,850
Harlem, New York, NY $2,900 $3,400 $3,695 $3,850
East Harlem, New York, NY $3,300 $3,500 $3,695 $4,000
Downtown Brooklyn, New York, NY $3,690 $4,423 $6,491 $4,505
Long Island City, New York, NY $3,639 $4,595 $6,500 $4,577
Hell's Kitchen, New York, NY $3,700 $4,496 $6,498 $4,745
Upper East Side, New York, NY $3,200 $4,450 $7,100 $4,800
Greenpoint, New York, NY $3,645 $4,535 $6,877 $4,825
Murray Hill, New York, NY $3,925 $5,000 $7,593 $4,850
Williamsburg, New York, NY $4,014 $5,000 $5,200 $5,000
Upper West Side, New York, NY $3,500 $4,850 $6,763 $5,150
Financial District, New York, NY $4,073 $5,345 $7,464 $5,185
Midtown South, New York, NY $3,800 $5,595 $7,300 $5,200
Midtown East, New York, NY $3,900 $5,000 $7,786 $5,275
Midtown, New York, NY $4,045 $5,000 $7,600 $5,330
Kips Bay, New York, NY $3,975 $4,784 $6,455 $5,495
Hudson Yards, New York, NY $4,356 $5,625 $8,495 $5,630
Greenwich Village, New York, NY $4,600 $6,300 $8,365 $5,800
East Village, New York, NY $4,100 $4,295 $6,495 $5,900
West Village, New York, NY $4,900 $5,600 $7,495 $6,000
Chelsea, New York, NY $4,350 $6,195 $9,521 $6,265
Lower East Side, New York, NY $4,366 $4,495 $5,995 $6,295
Gramercy Park, New York, NY $4,095 $5,300 $6,275 $6,500
Stuyvesant Town - Peter Cooper Village, New York, NY $5,250 $6,240 $7,486 $6,578
NoMad, New York, NY $4,500 $5,995 $8,506 $7,460
Tribeca, New York, NY $6,067 $6,773 $8,495 $7,900

Top Counties Near Manhattan

There are a total of 34 counties located by Manhattan, New York, NY. Some of these counties include Newark, NJ, Garfield, NJ, and Hackensack, NJ. The average rent for rentals in these counties is $3,061. That's roughly around $40 per sqft. A total of 34 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 $4,850, Harrison, NY is the most expensive county by Manhattan, New York, NY.

Typically, rent for studios in Manhattan, New York, NY is 50.00% more expensive than other counties nearby. In comparison, rent for one bedroom listings in Manhattan, New York, NY is 51.44% more expensive than other counties nearby. Finally, rent for two bedrooms in Manhattan, New York, NY is 52.79% more expensive than other counties nearby. We've listed the top 10 counties in the table below.
County Studio 1 Bed 2 Bed All
Newark, NJ $1,950 $1,600 $1,900 $2,100
Garfield, NJ N/A $1,500 $2,250 $2,475
Hackensack, NJ $1,750 $2,025 $2,650 $2,550
Jersey City, NJ $2,734 $2,400 $2,700 $2,600
Cliffside Park, NJ N/A $2,075 $3,350 $2,675
Fort Lee, NJ $1,600 $2,725 $2,950 $3,098
Palisades Park, NJ $1,550 $1,950 $2,775 $3,172
Bronx, New York, NY $2,537 $2,788 $3,400 $3,219
Queens, New York, NY $3,480 $3,520 $4,100 $3,639
Brooklyn, New York, NY $3,585 $4,095 $4,995 $4,200

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 $4,921. A total of 33 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 $3,046 per month. In comparison, the zipcode with the most expensive average rent of $8,295 per month is 10013, New York, NY.

Studios in these zipcodes have an average rent of $3,696. That's at least $93 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 $4,520 per month. Or in other words, $90 per sqft. Meanwhile, two bedroom apartments will cost you an average of $6,574 per month. Which comes out to $85 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 $3,900 $4,650 $7,175 $4,941
10016, New York, NY $3,975 $5,074 $7,200 $5,400
10003, New York, NY $4,350 $5,500 $6,995 $5,800
10009, New York, NY $3,698 $4,495 $6,320 $6,128
10025, New York, NY $3,375 $4,350 $5,295 $4,644
10036, New York, NY $4,010 $5,250 $7,599 $5,395
10022, New York, NY $3,850 $5,000 $7,495 $5,495
10128, New York, NY $3,195 $4,300 $6,195 $4,450
11101, New York, NY $3,694 $4,607 $6,495 $4,600
10017, New York, NY $4,050 $5,050 $10,700 $5,275

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 $5,450. 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 $3,950 and an average price per square feet of $100.65. There are a total of 5,171 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 $5,125 and an average price per square feet of $94.84. There are a total of 8,813 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 $6,995 and an average price per square feet of $94.29. There are a total of 6,242 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 0.08%, one bedroom rental prices have changed by 0.10%, two bedroom rental prices have changed by 0.13%, 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 $4,360/month. You can search for these reasonably priced rental listings on RentHop.
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