Average Rent in Upper Manhattan, New York, NY

Current Versus Historical Upper Manhattan, New York, NY Rents

Upper Manhattan rentals average $2,936 for a studio rental to $14,800 for a 4-bedroom rental. The median price of all currently available listings is $4,195, or roughly $7 per square feet.

For the apartment units and housing in May 2024, median rents have fallenover the last year. Studio rentals prices have increased by $466 (17.73%) year-over-year from $2,629 to $3,095. 1-bedroom rentals prices have decreased by $300 (-7.41%) year-over-year from $4,050 to $3,750. 2-bedroom rentals prices have decreased by $833 (-15.20%) year-over-year from $5,483 to $4,650. 3-bedroom rentals prices have decreased by $1,650 (-20.89%) year-over-year from $7,900 to $6,250. 4-bedroom rentals prices have decreased by $987 (-8.98%) year-over-year from $10,982 to $9,995. 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 up by 3.32% this month. 1-bedroom rents have gone down by 2.60% this month. 2-bedroom rents have gone down by 2.45% this month. 3-bedroom rents have gone down by 9.38% this month. 4-bedroom rents have gone down by 5.83% this month.

Beds	Price / Sqft	May 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$7.63	$3,095	$2,629 (17.73%)	$1,886 (64.07%)
1 BR	$6.57	$3,750	$4,050 (-7.41%)	$2,536 (47.87%)
2 BR	$6.29	$4,650	$5,483 (-15.20%)	$3,140 (48.09%)
3 BR	$6.85	$6,250	$7,900 (-20.89%)	$3,948 (58.30%)
4+ BR	$7.19	$9,995	$10,982 (-8.98%)	$4,635 (115.67%)

Historical Rents in Upper Manhattan, New York, NY

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near Upper Manhattan

There are a total of 34 cities nearby Upper Manhattan. The average rent in Upper Manhattan is currently $3,525 per month. A total of 22 cities nearby have an average rent lower than that. Our records show that Bridgeport, CT, with an average rent of $1,900, is the most affordable city nearby. In contrast, the most expensive city near Upper Manhattan, New York, NY is Westport, CT. Monthly rents here are on average $16,000 per month.

Let's compare Upper Manhattan, New York, NY's rent against other top cities nearby by bedroom size. Typically, rent for studios in Upper Manhattan, New York, NY is 45.50% more expensive than other cities nearby. One bedrooms are about 41.00% more expensive. Two bedrooms in Upper Manhattan, New York, NY are about 36.24% more expensive. Finally, rent for three bedrooms are about 21.85% more expensive. Want more information? Check out the top 10 cities out of 34 total cities near Upper Manhattan, New York, NY in the following chart.

City	Studio	1 Bed	2 Bed	All
Hackensack, NJ	$1,800	$2,000	$2,750	$2,300
Jersey City, NJ	$2,348	$2,700	$2,675	$2,795
Union City, NJ	$1,850	$2,150	$2,800	$2,800
West New York, NJ	$1,700	$2,550	$3,200	$2,850
Yonkers, NY	$3,300	$2,700	$2,700	$3,050
Fort Lee, NJ	$1,500	$2,375	$3,600	$3,100
Cliffside Park, NJ	N/A	$2,125	$3,348	$3,300
Palisades Park, NJ	N/A	$1,800	$2,750	$3,500
Hoboken, NJ	$3,056	$3,225	$3,950	$3,550
New York, NY	$3,540	$4,200	$5,143	$4,400

Top Neighborhoods Near Upper Manhattan

There are a total of 53 neighborhoods in or near Upper Manhattan. Some of these neighborhoods include Astoria, Washington Heights, and Mott Haven. We've included the top 30 neighborhoods out of 53 total neighborhoods in or near Upper Manhattan, New York, NY in the following chart.

The average rent for these 30 neighborhoods in or near Upper Manhattan, New York, NY is currently around $4,300 per month. A total of 24 neighborhoods have a lower average rent. Meaning, only six neighborhoods have a higher average rent than $4,300. Interestingly, the neighborhoods' average rent is higher than Upper Manhattan's average rent, which is only $4,195. Out of all the neighborhoods in or near Upper Manhattan, East Side has the most affordable average rent at $1,950 per month. Whereas, at $8,250 average rent per month, Ocean Beach is the most expensive neighborhood in or near Upper Manhattan. View the following chart for more information.

Neighborhood	Studio	1 Bed	2 Bed	All
Astoria, New York, NY	$2,898	$2,798	$3,500	$3,200
Washington Heights, New York, NY	$2,300	$2,250	$2,973	$3,250
Mott Haven, New York, NY	$2,862	$3,154	$3,687	$3,278
Central Harlem, New York, NY	$2,353	$2,900	$3,300	$3,300
West Harlem, New York, NY	$2,650	$2,850	$3,265	$3,400
Harlem, New York, NY	$2,650	$3,000	$3,195	$3,457
East Harlem, New York, NY	$2,975	$3,150	$3,195	$3,495
Long Island City, New York, NY	$3,323	$3,950	$6,000	$3,950
Bowery, New York, NY	$2,870	$3,575	$4,250	$3,995
Upper East Side, New York, NY	$2,850	$3,400	$5,500	$4,083
Murray Hill, New York, NY	$3,459	$4,200	$6,200	$4,300
NoLita, New York, NY	$3,900	$4,495	$5,298	$4,495
Midtown East, New York, NY	$3,400	$4,325	$5,595	$4,500
Hudson Yards, New York, NY	$3,644	$4,250	$6,700	$4,500
Hell's Kitchen, New York, NY	$3,500	$4,000	$5,892	$4,500
East Village, New York, NY	$2,738	$3,650	$4,595	$4,695
Greenwich Village, New York, NY	$3,530	$4,800	$5,013	$4,700
West Village, New York, NY	$3,998	$5,273	$6,750	$4,800
Upper West Side, New York, NY	$3,298	$4,500	$6,740	$4,965
Kips Bay, New York, NY	$3,806	$4,095	$5,329	$4,995
Midtown South, New York, NY	$3,525	$5,000	$6,865	$5,000
Greenpoint, New York, NY	$3,454	$4,583	$5,550	$5,200
Chelsea, New York, NY	$3,855	$5,477	$7,793	$5,200
NoHo, New York, NY	$4,000	$5,300	$7,750	$5,328
Stuyvesant Town - Peter Cooper Village, New York, NY	N/A	$5,052	$5,887	$5,594
NoMad, New York, NY	$4,385	$5,590	$8,346	$5,672
Flatiron District, New York, NY	$4,050	$5,900	$9,000	$5,850
Midtown, New York, NY	$3,225	$4,400	$6,650	$5,988
Gramercy Park, New York, NY	$3,815	$5,095	$5,480	$6,395
SoHo, New York, NY	$4,850	$4,450	$13,500	$7,950

Top Counties Near Upper Manhattan

There are a total of 53 counties located by Upper Manhattan, New York, NY. Some of these counties include Jersey City, NJ, North Bergen, NJ, and West New York, NJ. The average rent for rentals in these counties is $3,556. That's roughly around $3 per sqft. A total of 27 counties have a lower average rent. The county that is the most affordable is Bridgeport, CT. It's average rent per month is $1,900. Vice versa, with an average rent of $16,000, Westport, CT is the most expensive county by Upper Manhattan, New York, NY.

Typically, rent for studios in Upper Manhattan, New York, NY is 45.50% more expensive than other counties nearby. In comparison, rent for one bedroom listings in Upper Manhattan, New York, NY is 30.63% more expensive than other counties nearby. Finally, rent for two bedrooms in Upper Manhattan, New York, NY is 33.38% more expensive than other counties nearby. We've listed the top 10 counties in the chart below.

County	Studio	1 Bed	2 Bed	All
Jersey City, NJ	$2,348	$2,700	$2,675	$2,795
North Bergen, NJ	$2,149	$2,100	$2,875	$2,800
West New York, NJ	$1,700	$2,550	$3,200	$2,850
Yonkers, NY	$3,300	$2,700	$2,700	$3,050
Fort Lee, NJ	$1,500	$2,375	$3,600	$3,100
Bronx, New York, NY	$2,555	$2,625	$2,800	$3,200
Cliffside Park, NJ	N/A	$2,125	$3,348	$3,300
Palisades Park, NJ	N/A	$1,800	$2,750	$3,500
Hoboken, NJ	$3,056	$3,225	$3,950	$3,550
Manhattan, New York, NY	$3,595	$4,342	$5,600	$4,595

Top Zipcodes Near Upper Manhattan

There are a total of 50 zipcodes in or near Upper Manhattan, New York, NY. The average rent for all of these zipcodes is $4,495. A total of 18 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 $3,260. 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 Upper Manhattan, New York, NY is $3,990 per month. Or in other words, $7 per sqft. Meanwhile, two bedroom apartments will cost you an average of $5,555 per month. Which comes out to $6 per sqft. The following chart includes the top 10 zipcodes in Upper Manhattan, New York, NY. You can view the average rent breakdown for each zipcode by bedroom size.

Zipcode	Studio	1 Bed	2 Bed	All
10027, New York, NY	$2,633	$2,750	$3,173	$3,304
10031, New York, NY	$2,573	$2,823	$3,000	$3,317
10025, New York, NY	$3,700	$4,050	$5,450	$4,610
10032, New York, NY	$2,495	$2,463	$3,149	$3,675
10024, New York, NY	$3,218	$4,588	$6,922	$4,975
10029, New York, NY	$2,975	$3,150	$3,195	$3,495
10128, New York, NY	$3,225	$3,585	$5,700	$4,125
10028, New York, NY	$2,675	$3,200	$4,050	$3,900
10075, New York, NY	$2,495	$2,998	$3,500	$3,250
10023, New York, NY	$3,295	$4,900	$7,906	$5,150

Frequently Asked Questions - Upper Manhattan Average Rents

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

The average monthly rental price for Upper Manhattan, New York, NY apartments for rent is approximately $4,195. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do Upper 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 Upper Manhattan, New York, NY.

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

The average monthly rental price for studio apartments is $2,936 and an average price per square feet of $7.63. There are a total of 591 studio apartment listings currently available for rent in Upper Manhattan.

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

The average monthly rental price for one bedroom apartments is $3,856 and an average price per square feet of $6.57. There are a total of 1,258 one bedroom apartment listings currently available for rent in Upper Manhattan.

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

The average monthly rental price for two bedroom apartments is $4,897 and an average price per square feet of $6.29. There are a total of 942 two bedroom apartment listings currently available for rent in Upper Manhattan.

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

Rent prices for rentals in Upper Manhattan, New York, NY can fluctuate yearly. Specifically, studio rental prices have changed by 0.18%, one bedroom rental prices have changed by -0.07%, two bedroom rental prices have changed by -0.15%, and three bedroom rental prices have changed by -0.21% year-over-year.

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

A reasonable rent price in Upper Manhattan, New York, NY is around $3,356/month. You can search for these reasonably priced rental listings on RentHop.