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 $3,540 for a studio rental to $8,500 for a 4-bedroom rental. The median price of all currently available listings is $4,680, or roughly $7 per square feet.
For the apartment units and housing in March 2024, median rents have fallenover the last year. Studio rentals prices have increased by $31 (0.92%) year-over-year from $3,419 to $3,450. 1-bedroom rentals prices have decreased by $333 (-7.19%) year-over-year from $4,633 to $4,300. 2-bedroom rentals prices have decreased by $410 (-6.30%) year-over-year from $6,510 to $6,100. 3-bedroom rentals prices have decreased by $53 (-0.81%) year-over-year from $6,548 to $6,495. 4-bedroom rentals prices have increased by $72 (0.90%) year-over-year from $7,928 to $8,000. 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 0.24% this month. 1-bedroom rents have gone down by 1.10% this month. 2-bedroom rents have gone up by 0.21% this month. 3-bedroom rents have gone down by 7.92% this month. 4-bedroom rents have gone down by 4.74% this month.
Beds
Price / Sqft
Mar 2024 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
Studio $7.88 $3,450 $3,419 (0.92%) $2,309 (49.39%)
1 BR $6.92 $4,300 $4,633 (-7.19%) $3,003 (43.18%)
2 BR $6.88 $6,100 $6,510 (-6.30%) $4,076 (49.64%)
3 BR $6.82 $6,495 $6,548 (-0.81%) $4,895 (32.69%)
4+ BR $6.80 $8,000 $7,928 (0.90%) $5,957 (34.30%)

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 $3,145 per month. A total of 26 cities nearby have an average rent lower than that. Our records show that Bridgeport, CT, with an average rent of $2,000, 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 $15,000 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 53.39% more expensive than other cities nearby. One bedrooms are about 46.88% more expensive. Two bedrooms in Midtown Manhattan, New York, NY are about 48.87% more expensive. Finally, rent for three bedrooms are about 39.95% 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
Bayonne, NJ N/A $2,050 $2,300 $2,250
Newark, NJ $2,275 $2,098 $2,100 $2,350
Hackensack, NJ $1,850 $2,200 $2,700 $2,500
West New York, NJ $1,650 $2,400 $2,795 $2,600
Jersey City, NJ $2,595 $2,600 $2,655 $2,750
Union City, NJ $1,900 $2,300 $2,850 $2,800
Fort Lee, NJ $1,550 $2,813 $3,148 $3,048
Cliffside Park, NJ N/A $2,100 $3,500 $3,148
Hoboken, NJ $3,203 $3,100 $4,160 $3,646
New York, NY $3,450 $4,150 $4,996 $4,250

Top Neighborhoods Near Midtown Manhattan

There are a total of 53 neighborhoods in or near Midtown Manhattan. Some of these neighborhoods include The Heights, Bowery, and The Waterfront. We've included the top 30 neighborhoods out of 53 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 $4,090 per month. A total of 40 neighborhoods have a lower average rent. Out of all the neighborhoods in or near Midtown Manhattan, Bergen - Lafayette has the most affordable average rent at $2,499 per month. Whereas, at $8,125 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 Heights, Jersey City, NJ N/A $2,300 $2,700 $2,750
Bowery, New York, NY $2,600 $3,499 $4,000 $3,499
The Waterfront, Jersey City, NJ $3,000 $3,500 $4,507 $3,670
Little Italy, New York, NY $3,500 $4,550 $4,000 $3,900
Upper East Side, New York, NY $2,800 $3,500 $4,850 $3,900
Long Island City, New York, NY $3,323 $3,900 $5,600 $3,900
Murray Hill, New York, NY $3,500 $3,995 $6,433 $4,290
Lower East Side, New York, NY $3,500 $3,495 $4,495 $4,295
Financial District, New York, NY $3,495 $4,390 $6,125 $4,331
Midtown East, New York, NY $3,200 $4,295 $5,725 $4,338
Kips Bay, New York, NY $3,785 $3,925 $4,995 $4,408
NoLita, New York, NY $3,595 $4,495 $4,895 $4,495
East Village, New York, NY $2,625 $3,495 $4,495 $4,495
Hell's Kitchen, New York, NY $3,500 $4,250 $5,859 $4,500
Midtown, New York, NY $3,275 $4,475 $6,800 $4,575
Upper West Side, New York, NY $3,271 $4,125 $6,020 $4,580
Flatiron District, New York, NY $3,650 $5,600 $5,150 $4,650
Williamsburg, New York, NY $3,660 $4,088 $4,550 $4,650
Hudson Yards, New York, NY $3,695 $4,535 $6,672 $4,824
Greenwich Village, New York, NY $4,000 $5,123 $5,088 $4,850
Battery Park City, New York, NY $3,500 $4,225 $6,250 $4,940
Midtown South, New York, NY $3,495 $4,969 $7,495 $4,969
Chelsea, New York, NY $3,996 $5,085 $7,502 $5,000
Greenpoint, New York, NY $3,525 $4,500 $6,000 $5,064
West Village, New York, NY $4,475 $4,795 $5,400 $5,200
Stuyvesant Town - Peter Cooper Village, New York, NY N/A $5,037 $6,032 $5,385
NoMad, New York, NY $4,365 $5,486 $8,123 $5,670
Gramercy Park, New York, NY $3,815 $5,086 $5,469 $6,275
Tribeca, New York, NY $4,500 $5,710 $7,345 $6,790
SoHo, New York, NY $3,300 $4,850 $12,500 $7,725

Top Counties Near Midtown Manhattan

There are a total of 53 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 $3,434. That's roughly around $3 per sqft. A total of 34 counties have a lower average rent. The county that is the most affordable is Bridgeport, CT. It's average rent per month is $2,000. Vice versa, with an average rent of $15,000, Westport, CT is the most expensive county by Midtown Manhattan, New York, NY.

Typically, rent for studios in Midtown Manhattan, New York, NY is 51.62% more expensive than other counties nearby. In comparison, rent for one bedroom listings in Midtown Manhattan, New York, NY is 43.10% more expensive than other counties nearby. Finally, rent for two bedrooms in Midtown Manhattan, New York, NY is 48.18% 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 N/A $2,050 $2,300 $2,250
West New York, NJ $1,650 $2,400 $2,795 $2,600
Jersey City, NJ $2,595 $2,600 $2,655 $2,750
North Bergen, NJ N/A $2,050 $2,800 $2,914
Fort Lee, NJ $1,550 $2,813 $3,148 $3,048
Bronx, New York, NY $2,607 $2,450 $3,027 $3,050
Cliffside Park, NJ N/A $2,100 $3,500 $3,148
Hoboken, NJ $3,203 $3,100 $4,160 $3,646
Brooklyn, New York, NY $3,450 $3,850 $3,850 $3,790
Manhattan, New York, NY $3,495 $4,290 $5,477 $4,469

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 $4,317. 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 11375, New York, NY at $2,820 per month. In comparison, the zipcode with the most expensive average rent of $9,700 per month is 07762, Spring Lake Heights, NJ.

Studios in these zipcodes have an average rent of $3,200. 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 $3,996 per month. Or in other words, $6 per sqft. Meanwhile, two bedroom apartments will cost you an average of $5,346 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 $3,200 $4,500 $6,861 $4,680
10036, New York, NY $3,444 $4,200 $6,275 $4,498
10001, New York, NY $4,192 $5,098 $7,995 $5,160
10016, New York, NY $3,540 $4,098 $5,522 $4,398
10018, New York, NY $3,495 $4,575 $6,672 $4,535
10010, New York, NY $3,650 $4,018 $5,393 $4,995
10011, New York, NY $3,550 $5,395 $6,295 $4,750
10019, New York, NY $3,485 $4,262 $6,102 $4,500
10022, New York, NY $3,200 $4,295 $5,550 $4,295
10003, New York, NY $3,598 $4,775 $4,850 $5,300

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 $4,680. 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 $3,540 and an average price per square feet of $7.88. There are a total of 1,374 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 $4,306 and an average price per square feet of $6.92. There are a total of 2,582 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 $5,995 and an average price per square feet of $6.88. There are a total of 1,835 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 0.01%, one bedroom rental prices have changed by -0.07%, two bedroom rental prices have changed by -0.06%, 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 $3,744/month. You can search for these reasonably priced rental listings on RentHop.
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