Average Rent in Midtown Manhattan, New York, NY

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Current Versus Historical Midtown Manhattan, New York, NY Rents

Midtown Manhattan rentals average $3,750 for a studio rental to $8,495 for a 4-bedroom rental. The median price of all currently available listings is $5,000, or roughly $7 per square feet.

For the apartment units and housing in April 2024, median rents have fallenover the last year. Studio rentals prices have increased by $148 (4.32%) year-over-year from $3,434 to $3,582. 1-bedroom rentals prices have decreased by $283 (-6.05%) year-over-year from $4,683 to $4,400. 2-bedroom rentals prices have decreased by $930 (-13.23%) year-over-year from $7,030 to $6,100. 3-bedroom rentals prices have increased by $68 (1.00%) year-over-year from $6,832 to $6,900. 4-bedroom rentals prices have increased by $432 (5.42%) year-over-year from $7,963 to $8,395. 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 2.68% this month. 1-bedroom rents have gone up by 0.81% this month. 2-bedroom rents have gone up by 0.15% this month. 3-bedroom rents have gone down by 0.91% this month. 4-bedroom rents have gone up by 2.40% this month.

Beds	Price / Sqft	Apr 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$8.01	$3,582	$3,434 (4.32%)	$2,344 (52.79%)
1 BR	$6.95	$4,400	$4,683 (-6.05%)	$3,113 (41.35%)
2 BR	$6.86	$6,100	$7,030 (-13.23%)	$4,177 (46.06%)
3 BR	$6.80	$6,900	$6,832 (1.00%)	$4,997 (38.09%)
4+ BR	$6.45	$8,395	$7,963 (5.42%)	$6,230 (34.74%)

Historical Rents in Midtown Manhattan, New York, NY

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near Midtown Manhattan

There are a total of 33 cities nearby Midtown Manhattan. The average rent in Midtown Manhattan is currently $3,129 per month. A total of 28 cities nearby have an average rent lower than that. Our records show that Bridgeport, CT, with an average rent of $1,950, is the most affordable city nearby. In contrast, the most expensive city near Midtown Manhattan, New York, NY is Westport, CT. Monthly rents here are on average $16,975 per month.

Let's compare Midtown Manhattan, New York, NY's rent against other top cities nearby by bedroom size. Typically, rent for studios in Midtown Manhattan, New York, NY is 56.00% more expensive than other cities nearby. One bedrooms are about 48.43% more expensive. Two bedrooms in Midtown Manhattan, New York, NY are about 51.60% more expensive. Finally, rent for three bedrooms are about 36.23% more expensive. Want more information? Check out the top 10 cities out of 33 total cities near Midtown Manhattan, New York, NY in the following chart.

City	Studio	1 Bed	2 Bed	All
Newark, NJ	$2,050	$2,074	$2,100	$2,300
Hackensack, NJ	$1,600	$1,963	$2,700	$2,325
Bayonne, NJ	$2,325	$2,057	$2,422	$2,400
West New York, NJ	N/A	$2,525	$2,850	$2,700
Jersey City, NJ	$2,800	$2,600	$2,650	$2,700
Union City, NJ	$1,900	$2,250	$2,800	$2,775
Cliffside Park, NJ	N/A	$2,150	$3,100	$3,000
Fort Lee, NJ	$1,500	$2,425	$3,025	$3,000
Hoboken, NJ	$3,055	$3,177	$4,150	$3,600
New York, NY	$3,525	$4,200	$5,119	$4,400

Top Neighborhoods Near Midtown Manhattan

There are a total of 56 neighborhoods in or near Midtown Manhattan. Some of these neighborhoods include The Waterfront, Bowery, and Upper East Side. We've included the top 30 neighborhoods out of 56 total neighborhoods in or near Midtown Manhattan, New York, NY in the following chart.

The average rent for these 30 neighborhoods in or near Midtown Manhattan, New York, NY is currently around $4,309 per month. A total of 44 neighborhoods have a lower average rent. Out of all the neighborhoods in or near Midtown Manhattan, East Side has the most affordable average rent at $1,900 per month. Whereas, at $8,250 average rent per month, Ocean Beach is the most expensive neighborhood in or near Midtown Manhattan. View the following chart for more information.

Neighborhood	Studio	1 Bed	2 Bed	All
The Waterfront, Jersey City, NJ	$3,026	$3,505	$5,273	$3,656
Bowery, New York, NY	$2,870	$3,995	$4,000	$3,995
Upper East Side, New York, NY	$2,900	$3,600	$4,925	$4,000
Long Island City, New York, NY	$3,317	$4,001	$5,905	$4,035
Financial District, New York, NY	$3,514	$4,500	$6,463	$4,323
Hell's Kitchen, New York, NY	$3,500	$4,038	$6,131	$4,450
NoLita, New York, NY	$3,795	$4,495	$4,995	$4,495
Midtown East, New York, NY	$3,500	$4,200	$5,595	$4,500
East Village, New York, NY	$2,700	$3,613	$4,495	$4,500
Williamsburg, New York, NY	$3,650	$4,506	$4,650	$4,700
NoHo, New York, NY	$4,000	$4,500	$7,750	$4,750
West Village, New York, NY	$4,750	$4,750	$6,750	$4,795
Greenwich Village, New York, NY	$4,150	$4,800	$5,075	$4,800
Murray Hill, New York, NY	$3,550	$4,300	$6,598	$4,930
Kips Bay, New York, NY	$3,795	$4,095	$5,340	$4,950
Upper West Side, New York, NY	$3,225	$4,475	$6,595	$4,995
Little Italy, New York, NY	$3,900	$5,000	$5,500	$5,000
Greenpoint, New York, NY	$3,495	$4,283	$6,013	$5,000
Hudson Yards, New York, NY	$3,744	$4,495	$6,925	$5,000
Midtown South, New York, NY	$3,785	$4,995	$6,893	$5,000
Battery Park City, New York, NY	$3,575	$4,539	$6,225	$5,048
Flatiron District, New York, NY	$4,050	$5,895	$8,571	$5,150
Lower East Side, New York, NY	$3,695	$3,495	$4,495	$5,195
Chelsea, New York, NY	$4,150	$5,495	$7,915	$5,202
NoMad, New York, NY	$4,455	$5,600	$8,720	$5,654
Midtown, New York, NY	$3,604	$4,400	$6,600	$5,750
Stuyvesant Town - Peter Cooper Village, New York, NY	N/A	$5,067	$6,127	$5,802
Gramercy Park, New York, NY	$3,815	$5,185	$5,295	$6,100
Tribeca, New York, NY	$4,250	$5,950	$7,295	$6,895
SoHo, New York, NY	$4,850	$3,950	$15,375	$7,925

Top Counties Near Midtown Manhattan

There are a total of 56 counties located by Midtown Manhattan, New York, NY. Some of these counties include Bayonne, NJ, West New York, NJ, and Jersey City, NJ. The average rent for rentals in these counties is $3,580. That's roughly around $3 per sqft. A total of 39 counties have a lower average rent. The county that is the most affordable is Bridgeport, CT. It's average rent per month is $1,950. Vice versa, with an average rent of $16,975, Westport, CT is the most expensive county by Midtown Manhattan, New York, NY.

Typically, rent for studios in Midtown Manhattan, New York, NY is 48.27% more expensive than other counties nearby. In comparison, rent for one bedroom listings in Midtown Manhattan, New York, NY is 43.88% more expensive than other counties nearby. Finally, rent for two bedrooms in Midtown Manhattan, New York, NY is 51.17% more expensive than other counties nearby. We've listed the top 10 counties in the chart below.

County	Studio	1 Bed	2 Bed	All
Bayonne, NJ	$2,325	$2,057	$2,443	$2,400
West New York, NJ	N/A	$2,525	$2,850	$2,700
Jersey City, NJ	$2,753	$2,600	$2,650	$2,700
North Bergen, NJ	$2,149	$2,125	$2,875	$2,850
Cliffside Park, NJ	N/A	$2,150	$3,100	$3,000
Fort Lee, NJ	$1,500	$2,425	$3,025	$3,000
Bronx, New York, NY	$2,575	$2,595	$2,950	$3,095
Hoboken, NJ	$3,055	$3,177	$4,150	$3,600
Brooklyn, New York, NY	$3,498	$4,000	$4,000	$3,900
Manhattan, New York, NY	$3,599	$4,390	$5,595	$4,600

Top Zipcodes Near Midtown Manhattan

There are a total of 50 zipcodes in or near Midtown Manhattan, New York, NY. The average rent for all of these zipcodes is $4,473. A total of 36 zipcodes have a average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 07756, Ocean Grove, NJ at $3,000 per month. In comparison, the zipcode with the most expensive average rent of $8,000 per month is 11770, Ocean Beach, NY.

Studios in these zipcodes have an average rent of $3,348. 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 Midtown Manhattan, New York, NY is $4,099 per month. Or in other words, $7 per sqft. Meanwhile, two bedroom apartments will cost you an average of $5,419 per month. Which comes out to $6 per sqft. The following chart includes the top 10 zipcodes in Midtown Manhattan, New York, NY. You can view the average rent breakdown for each zipcode by bedroom size.

Zipcode	Studio	1 Bed	2 Bed	All
10017, New York, NY	$4,050	$4,100	$7,366	$5,045
10036, New York, NY	$3,500	$4,195	$6,415	$4,450
10001, New York, NY	$4,223	$5,350	$7,950	$5,486
10016, New York, NY	$3,695	$4,209	$5,900	$4,780
10018, New York, NY	$3,575	$4,900	$6,695	$5,084
10010, New York, NY	$4,050	$4,750	$5,438	$5,389
10011, New York, NY	$3,600	$5,743	$6,495	$4,750
10019, New York, NY	$3,525	$4,200	$6,500	$4,790
10022, New York, NY	$3,350	$4,500	$5,248	$4,500
10003, New York, NY	$3,815	$4,800	$5,112	$5,000

Frequently Asked Questions - Midtown Manhattan Average Rents

What is the average rent price in Midtown Manhattan, New York, NY?

The average monthly rental price for Midtown Manhattan, New York, NY apartments for rent is approximately $5,000. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do Midtown 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 Midtown Manhattan, New York, NY.

How much is a studio apartment in Midtown Manhattan, New York, NY?

The average monthly rental price for studio apartments is $3,750 and an average price per square feet of $8.01. There are a total of 1,199 studio apartment listings currently available for rent in Midtown Manhattan.

How much is a one bedroom apartment in Midtown Manhattan, New York, NY?

The average monthly rental price for one bedroom apartments is $4,455 and an average price per square feet of $6.95. There are a total of 2,324 one bedroom apartment listings currently available for rent in Midtown Manhattan.

How much is a two bedroom apartment in Midtown Manhattan, New York, NY?

The average monthly rental price for two bedroom apartments is $6,250 and an average price per square feet of $6.86. There are a total of 1,723 two bedroom apartment listings currently available for rent in Midtown Manhattan.

How have rent prices in Midtown Manhattan, New York, NY changed this year?

Rent prices for rentals in Midtown Manhattan, New York, NY can fluctuate yearly. Specifically, studio rental prices have changed by 0.04%, one bedroom rental prices have changed by -0.06%, two bedroom rental prices have changed by -0.13%, and three bedroom rental prices have changed by 0.01% year-over-year.

What is a reasonable rent price in Midtown Manhattan, New York, NY?

A reasonable rent price in Midtown Manhattan, New York, NY is around $4,000/month. You can search for these reasonably priced rental listings on RentHop.