Manhattan, NY Rental Market Trends
Last updated: October 28, 2025 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Manhattan is $5,620, a 12.46% increase compared to the previous year, when the average rent was $4,998.
Studio Apartments at $4,215 offer the most budget-friendly option with 491 square feet, ideal for single renters prioritizing location over space.
One-bedroom apartments provide 694 square feet for $5,448, balancing privacy and affordability.
Two-beedroom units at $7,499 offer 922 square feet, perfect for roommates or small families.
Three-bedroom apartments deliver maximum space (1,207 sq ft) for $11,953, suitable for larger households.
Average rent in Manhattan, NY
Last updated: October 28, 2025
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $5,620 | 695 sq. ft. |
| Studio | $4,215 | 491 sq. ft. |
| 1 Bed | $5,448 | 694 sq. ft. |
| 2 Beds | $7,499 | 922 sq. ft. |
| 3 Beds | $11,953 | 1,207 sq. ft. |
Manhattan, NY rent trends
What's the typical rent budget in Manhattan, NY?
The largest share of rentals in Manhattan, NY (99%) fall between $3,000- per month. This suggests that most people succesfully find suitable apartments within this price.
Do most people rent or own in Manhattan, NY?
571,801 or 75% of the households in Manhattan, NY are renter-occupied while 188,778 or 25% are owner-occupied.
Where this data comes from
The rental statistics on this page were compiled by RentCafe.com, a nationwide apartment search website trusted by millions of renters to find apartments and houses for rent throughout the U.S.
Rent prices, trends, and apartment sizes were calculated based on data from our sister company, Yardi Matrix, an apartment market intelligence solution that covers approximately 90% of the U.S. metro area population. The data includes comprehensive information on all Manhattan apartment buildings with 50 or more units, totaling 23.5 million apartments across 181 U.S. markets.
Housing composition data was sourced from the U.S. Census Bureau, using the most recently available information by tenure.