Average Rent in Manhattan, New York, NY

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Current Versus Historical Manhattan, New York, NY Rents

Manhattan rentals average $3,535 for a studio rental to $8,995 for a 4-bedroom rental. The median price of all currently available listings is $4,600, or roughly $7 per square feet.
For the apartment units and housing in September 2024, median rents have been roughly unchanged over the last year. Studio rentals prices have increased by $94 (2.75%) year-over-year from $3,431 to $3,525. 1-bedroom rentals prices have increased by $105 (2.44%) year-over-year from $4,295 to $4,400. 2-bedroom rentals prices have increased by $75 (1.32%) year-over-year from $5,700 to $5,775. 3-bedroom rentals prices have decreased by $73 (-1.05%) year-over-year from $6,968 to $6,895. 4-bedroom rentals prices have increased by $382 (4.44%) year-over-year from $8,613 to $8,995. 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 down by 0.00% this month. 1-bedroom rents have gone down by 0.68% this month. 2-bedroom rents have gone down by 0.66% this month. 3-bedroom rents have gone down by 0.96% this month. 4-bedroom rents have gone down by 1.12% this month.
Beds
Price / Sqft
Sep 2024 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
Studio $7.87 $3,525 $3,431 (2.75%) $2,490 (41.57%)
1 BR $7.08 $4,400 $4,295 (2.44%) $3,308 (33.02%)
2 BR $6.75 $5,775 $5,700 (1.32%) $4,810 (20.07%)
3 BR $7.06 $6,895 $6,968 (-1.05%) $5,657 (21.89%)
4+ BR $7.04 $8,995 $8,613 (4.44%) $7,584 (18.60%)

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 12 cities nearby Manhattan. The average rent in Manhattan is currently $3,599 per month. A total of 10 cities nearby have an average rent lower than that. Our records show that Bridgeport, CT, with an average rent of $2,149, 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 43.42% more expensive than other cities nearby. One bedrooms are about 41.14% more expensive. Two bedrooms in Manhattan, New York, NY are about 33.10% more expensive. Finally, rent for three bedrooms are about 28.72% more expensive. Want more information? Check out the top 10 cities out of 12 total cities near Manhattan, New York, NY in the following chart.
City Studio 1 Bed 2 Bed All
Yonkers, NY $2,100 $2,574 $2,800 $2,825
Stamford, CT $2,000 $2,252 $2,954 $2,900
Norwalk, CT $1,800 $2,188 $3,098 $2,900
White Plains, NY $1,988 $2,600 $3,762 $3,500
Long Beach, NY $2,000 $2,475 $3,350 $3,550
New Rochelle, NY $2,235 $3,000 $4,540 $3,648
Glen Cove, NY $2,100 $3,150 $3,650 $3,650
Harrison, NY $2,660 $3,095 $3,848 $3,878
New York, NY $3,500 $4,248 $5,200 $4,395
Westport, CT N/A $3,500 $6,469 $8,500

Top Neighborhoods Near Manhattan

There are a total of 51 neighborhoods in or near Manhattan. Some of these neighborhoods include Astoria, Bedford-Stuyvesant, and West Harlem. We've included the top 30 neighborhoods out of 51 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 $4,350 per month. A total of 30 neighborhoods have a lower average rent. Out of all the neighborhoods in or near Manhattan, East Side has the most affordable average rent at $2,293 per month. Whereas, at $8,000 average rent per month, Ocean Beach is the most expensive neighborhood in or near Manhattan. View the following chart for more information.
Neighborhood Studio 1 Bed 2 Bed All
Astoria, New York, NY $2,075 $2,900 $3,692 $3,200
Bedford-Stuyvesant, New York, NY $2,600 $2,888 $3,295 $3,295
West Harlem, New York, NY $2,675 $2,995 $3,398 $3,493
East Harlem, New York, NY $2,600 $3,250 $3,295 $3,495
Harlem, New York, NY $2,685 $3,027 $3,300 $3,495
Bushwick, New York, NY $2,950 $3,060 $3,500 $3,499
Crown Heights, New York, NY $2,700 $3,295 $3,675 $3,500
Midtown, New York, NY $3,000 $3,795 $6,300 $4,065
Upper East Side, New York, NY $2,950 $3,800 $4,550 $4,100
Murray Hill, New York, NY $3,400 $4,200 $6,941 $4,140
Long Island City, New York, NY $3,472 $4,121 $6,285 $4,195
Downtown Brooklyn, New York, NY $3,465 $4,140 $5,818 $4,272
Prospect Heights, New York, NY $3,625 $4,495 $6,895 $4,350
Financial District, New York, NY $3,545 $4,692 $6,500 $4,364
NoLita, New York, NY $3,995 $4,395 $5,995 $4,395
Hell's Kitchen, New York, NY $3,570 $4,178 $5,000 $4,495
Midtown East, New York, NY $3,375 $4,495 $5,995 $4,600
West Village, New York, NY $4,495 $4,700 $6,699 $4,675
Williamsburg, New York, NY $3,915 $4,478 $4,700 $4,774
Flatiron District, New York, NY $4,150 $5,900 $8,075 $4,900
Greenwich Village, New York, NY $4,400 $5,475 $6,175 $4,950
Hudson Yards, New York, NY $3,800 $4,650 $7,173 $4,950
Upper West Side, New York, NY $3,350 $4,495 $7,210 $4,993
East Village, New York, NY $3,250 $3,750 $4,995 $4,995
Kips Bay, New York, NY $3,783 $4,218 $5,295 $5,000
Chelsea, New York, NY $3,950 $5,585 $8,350 $5,450
Gramercy Park, New York, NY $4,098 $5,038 $5,395 $5,495
NoMad, New York, NY $4,419 $5,534 $8,200 $5,683
Lower East Side, New York, NY $3,290 $4,125 $4,995 $5,995
Tribeca, New York, NY $4,500 $6,097 $8,340 $7,255

Top Counties Near Manhattan

There are a total of 51 counties located by Manhattan, New York, NY. Some of these counties include Yonkers, NY, Bronx, New York, NY, and Queens, New York, NY. The average rent for rentals in these counties is $3,500. That's roughly around $3 per sqft. A total of 22 counties have a lower average rent. The county that is the most affordable is Bridgeport, CT. It's average rent per month is $2,149. Vice versa, with an average rent of $8,500, Westport, CT is the most expensive county by Manhattan, New York, NY.

Typically, rent for studios in Manhattan, New York, NY is 43.42% more expensive than other counties nearby. In comparison, rent for one bedroom listings in Manhattan, New York, NY is 41.32% more expensive than other counties nearby. Finally, rent for two bedrooms in Manhattan, New York, NY is 39.98% more expensive than other counties nearby. We've listed the top 10 counties in the chart below.
County Studio 1 Bed 2 Bed All
Yonkers, NY $2,100 $2,574 $2,800 $2,825
Bronx, New York, NY $2,339 $2,584 $3,150 $3,182
Queens, New York, NY $2,941 $2,900 $3,400 $3,350
White Plains, NY $1,988 $2,600 $3,762 $3,500
Long Beach, NY $2,000 $2,475 $3,350 $3,550
New Rochelle, NY $2,235 $3,000 $4,540 $3,648
Glen Cove, NY $2,100 $3,150 $3,650 $3,650
Brooklyn, New York, NY $3,435 $3,634 $3,995 $3,834
Greenburgh, NY N/A $2,375 $3,600 $4,100
North Hempstead, NY $2,250 $2,700 $3,875 $4,500

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 $4,445. A total of 32 zipcodes have a average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 07731, Monmouth County, NJ at $3,100 per month. In comparison, the zipcode with the most expensive average rent of $7,500 per month is 11770, Ocean Beach, NY.

Studios in these zipcodes have an average rent of $3,300. That's at least $7 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 $4,206 per month. Or in other words, $7 per sqft. Meanwhile, two bedroom apartments will cost you an average of $5,395 per month. Which comes out to $6 per sqft. The following chart 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
10016, New York, NY $3,475 $4,300 $5,830 $4,568
10003, New York, NY $4,175 $4,900 $5,395 $5,100
10009, New York, NY $2,738 $3,695 $4,995 $4,995
10019, New York, NY $3,300 $4,000 $5,913 $4,495
10128, New York, NY $3,240 $4,050 $4,550 $4,250
10038, New York, NY $3,600 $4,708 $6,450 $4,560
10025, New York, NY $2,800 $4,345 $4,998 $4,600
10010, New York, NY $4,075 $4,525 $5,395 $5,295
11211, New York, NY $4,040 $4,694 $5,250 $5,126
10005, New York, NY $3,500 $4,725 $6,500 $4,200

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 $4,600. 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 $3,535 and an average price per square feet of $7.87. There are a total of 3,023 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 $4,395 and an average price per square feet of $7.08. There are a total of 5,226 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 $5,540 and an average price per square feet of $6.75. There are a total of 4,076 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 0.03%, one bedroom rental prices have changed by 0.02%, two bedroom rental prices have changed by 0.01%, and three bedroom rental prices have changed by -0.01% 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 $3,680/month. You can search for these reasonably priced rental listings on RentHop.
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