Average Rent and Costs in Manhattan, New York, NY

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There are currently active 18,833 listings advertised for rent in Manhattan, New York, NY. Manhattan rentals average $3,187 for a studio rental to $7,495 for a 4-bedroom rental. The median price of all currently available listings is $4,200, or roughly $76 per square feet.

For the apartment units and housing in January 2023, median rents have risen over the last year. Studio rentals prices have increased by $454 (16.98%) year-over-year from $2,672 to $3,187. 1-bedroom rentals prices have increased by $278 (7.49%) year-over-year from $3,717 to $3,995. 2-bedroom rentals prices have increased by $877 (17.90%) year-over-year from $4,898 to $5,050. 3-bedroom rentals prices have increased by $518 (8.81%) year-over-year from $5,882 to $6,493. 4-bedroom rentals prices have decreased by $38 (-0.51%) year-over-year from $7,533 to $7,495. 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 2.18% this month. 1-bedroom rents have gone down by 0.00% this month. 2-bedroom rents have gone up by 0.29% this month. 3-bedroom rents have gone down by 2.51% this month. 4-bedroom rents have gone down by 1.42% this month.

	Current Availabilities		January 2023
Bedrooms	Rent	Price / sqft	Whole Month Rent	1 Yr Ago Rent (% Change)	3 Yr Ago Rent (% Change)

Studio	$3,187	$85	$3,125	$2,672 (16.98%)	$2,750 (13.64%)
1 BR	$3,995	$77	$3,995	$3,717 (7.49%)	$3,449 (15.82%)
2 BR	$5,050	$72	$5,775	$4,898 (17.90%)	$4,497 (28.43%)
3 BR	$6,493	$69	$6,400	$5,882 (8.81%)	$5,832 (9.75%)
4+ BR	$7,495	$64	$7,495	$7,533 (-0.51%)	$6,997 (7.12%)

Historical Rents in Manhattan, New York, NY

Studio

1 Bedroom

2 Bedroom

3 Bedroom

4 Bedroom

Top Cities Near Manhattan

There are a total of 21 cities nearby Manhattan. The average rent in Manhattan is currently $3,000 per month. A total of 19 cities nearby have an average rent lower than that. Our records show that Bridgeport, 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 Spring Lake, NJ. Monthly rents here are on average $11,750 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 38.81% more expensive than other cities nearby. One bedrooms are about 49.94% more expensive. Two bedrooms in Manhattan, New York, NY are about 45.79% more expensive. Finally, rent for three bedrooms are about 46.09% more expensive. Want more information? Check out the top 10 cities out of 21 total cities near Manhattan, New York, NY in the following chart.

City	Studio	1BR	2BR	All
Newark, NJ	$1,950	$1,325	$1,800	$2,048
Bayonne, NJ	$2,000	$1,800	$2,400	$2,262
Stamford, CT	$1,475	$1,945	$3,350	$2,700
Jersey City, NJ	$2,545	$2,531	$2,695	$2,750
West New York, NJ	$2,500	$2,725	$2,738	$2,763
Fort Lee, NJ	$1,600	$2,500	$3,100	$2,895
Union City, NJ	$2,750	$2,900	$2,500	$2,950
Red Bank, NJ	$1,925	$2,488	$3,698	$3,000
Hoboken, NJ	$3,300	$3,000	$4,000	$3,400
New York, NY	$3,195	$3,945	$4,795	$4,000

Top Neighborhoods Near Manhattan

There are a total of 56 neighborhoods in or near Manhattan. Some of these neighborhoods include Astoria, Washington Heights, and Flatbush. We've included the top 30 neighborhoods out of 56 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 $3,995 per month. A total of 33 neighborhoods out of these neighborhoods have a lower average rent. Meaning, only minus three neighborhoods have a higher average rent than $3,995. Out of all the neighborhoods in or near Manhattan, Kew Gardens has the most affordable average rent at $1,799 per month. Whereas, at $6,750 per month, Tribeca is the most expensive neighborhood in or near Manhattan. View the following chart for more information.

Neighborhood	Studio	1BR	2BR	All
Astoria, New York, NY	$2,410	$2,675	$2,900	$2,751
Washington Heights, New York, NY	$1,850	$2,250	$2,700	$2,799
Flatbush, New York, NY	$2,542	$2,750	$2,750	$2,900
Harlem, New York, NY	$2,275	$2,595	$3,000	$3,100
Bedford-Stuyvesant, New York, NY	$2,325	$2,710	$2,900	$3,100
West Harlem, New York, NY	$2,275	$2,650	$3,049	$3,150
Bushwick, New York, NY	$2,542	$2,800	$3,288	$3,200
East Harlem, New York, NY	$3,150	$2,550	$2,995	$3,200
Upper East Side, New York, NY	$2,495	$3,395	$4,995	$3,698
Long Island City, New York, NY	$3,200	$3,843	$5,562	$3,930
Financial District, New York, NY	$3,254	$4,145	$5,761	$3,972
Murray Hill, New York, NY	$3,100	$3,900	$4,250	$3,995
Kips Bay, New York, NY	$3,465	$3,895	$4,995	$4,195
Lower East Side, New York, NY	$2,488	$3,258	$4,195	$4,195
Downtown Brooklyn, New York, NY	$3,194	$4,061	$5,600	$4,198
NoLita, New York, NY	N/A	$4,295	$4,795	$4,295
East Village, New York, NY	$2,600	$3,495	$4,495	$4,295
Prospect Heights, New York, NY	$3,495	$4,295	$6,700	$4,348
Hell's Kitchen, New York, NY	$3,200	$3,900	$5,195	$4,395
Midtown East, New York, NY	$3,000	$4,300	$5,900	$4,450
Hudson Yards, New York, NY	$3,800	$4,290	$6,340	$4,462
Williamsburg, New York, NY	$3,607	$4,570	$4,375	$4,500
Upper West Side, New York, NY	$2,950	$4,086	$5,713	$4,500
Chelsea, New York, NY	$3,700	$4,900	$6,995	$4,710
Greenwich Village, New York, NY	$3,250	$5,395	$5,500	$4,750
Midtown South, New York, NY	$3,700	$4,743	$6,975	$4,775
West Village, New York, NY	$3,850	$4,995	$5,600	$5,295
Midtown, New York, NY	$3,725	$4,095	$6,000	$5,500
NoMad, New York, NY	$4,455	$5,275	$8,500	$5,530
Gramercy Park, New York, NY	$3,500	$4,275	$5,395	$5,995

Top Counties Near Manhattan

County	Studio	1BR	2BR	All
Bayonne, NJ	$2,000	$1,800	$2,400	$2,262
Bronx, New York, NY	$1,895	$2,275	$2,550	$2,513
North Bergen, NJ	$1,975	$1,925	$3,100	$2,700
Jersey City, NJ	$2,545	$2,531	$2,695	$2,750
West New York, NJ	$2,500	$2,725	$2,738	$2,763
Fort Lee, NJ	$1,600	$2,500	$3,100	$2,895
Union City, NJ	$2,750	$2,900	$2,500	$2,950
Queens, New York, NY	$2,890	$2,675	$2,850	$2,982
Hoboken, NJ	$3,300	$3,000	$4,000	$3,400
Brooklyn, New York, NY	$3,381	$3,738	$3,650	$3,600

Top Zipcodes Near Manhattan

Zipcode	Studio	1BR	2BR	All
10016, New York, NY	$3,300	$3,995	$4,898	$4,250
10009, New York, NY	$2,600	$3,495	$4,395	$4,195
10003, New York, NY	$3,500	$3,910	$5,395	$5,395
10038, New York, NY	$3,117	$4,100	$5,775	$3,995
10019, New York, NY	$3,387	$3,900	$5,700	$4,500
10005, New York, NY	$3,387	$4,150	$6,045	$3,995
10128, New York, NY	$3,150	$3,295	$5,440	$3,700
10022, New York, NY	$2,975	$4,300	$5,783	$4,495
10011, New York, NY	$3,400	$5,200	$6,295	$4,800
10025, New York, NY	$2,923	$3,800	$4,904	$4,400