Rental market snapshot for Manhattan, New York

Manhattan, New York Rental Property Market Overview

Manhattan, New York is one of the most iconic cities in the world. It is the most densely populated borough of New York City, with an estimated population of 1,647,716 in 2021 according to the US Census Bureau. Manhattan is home to some of the most iconic landmarks in the world, such as the Empire State Building, Central Park, and the Statue of Liberty. It is also home to a vibrant culture, with a wide variety of restaurants, shops, and entertainment venues. Manhattan is a great place to live, work, and visit, and its population continues to grow each year.

The average rent for an apartment in Manhattan is $5,561. The cost of rent varies depending on several factors, including location, size, and quality.

The average rent has decreased by 0.00% over the past year.

Last Updated March 25, 2024

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Average monthly rent graph in Manhattan New York | Cost of Living

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  • The most expensive ZIP code in Manhattan is 10013 with an average price of $9,143.
  • The cheapest ZIP code in Manhattan is 10034 with an average price of $2,396.

Manhattan ZIP codes with the highest, most expensive rent

#ZIP CodeAverage Rent
110013$9,143
210282$8,092
310023$7,546
410007$6,970
510004$6,890
610011$6,281
710014$6,218
810022$5,844
910012$5,822
1010010$5,661

Live near Manhattan, New York's Top Sights and Attractions

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Manhattan, New York area median rent change by ZIP code map

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How does Manhattan compare to other cities in New York?

citymedian price
East Aurora$3,000
Whitestown$2,850
Woodbury$2,500
Bayport$2,490
Stephentown$1,895
Baldwinsville$1,685
Amherst$1,650
Catskill$1,400

Average household income in Manhattan area graph - US Census

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Frequently asked questions

Our data is best categorized as "alternative data", which is a burgeoning sector. Through partnerships and direct feeds, we extract key factual elements that are publicly available within rental listings on internet listing sites and property websites. Once aggregated, we mine through the data to parse out relevant insights and calculate important metrics, benchmarks, and other KPIs. Each week, our system sifts through millions of listing observations and other pockets of market information to deliver the most comprehensive picture of rental housing available.

This is a metric that we try not to overthink. Simply, we take each unique listing observation within a geographic boundary and calculate a simple average. Of course, we're careful to filter for duplicates and other listings that aren't reflective of the market.

Yes, but please attribute us accordingly.

Yes. We can deliver bulk raw data in various formats. Please contact us to discuss - [email protected]

While some of our data is refreshed daily and other data comes in weekly, the bulk of it comes in on a biweekly basis.

Our coverage is nationwide! In our platform, we have data points for every ZIP code and neighborhood boundary in the country.

Every rental housing unit is differentiated by attributes such as its location, square footage, and amenity composition. Thanks to machine learning and natural language processing technologies we deploy, we're able to deconstruct our rental listing data points and identify key amenities for each listing. With this information, we're able to give signals around how certain amenities drive rental pricing value in certain areas.

Well, we think so! At the highest level, our process is simple. Listings data is ingested, cleaned (de-duplicated. etc.), analyzed for insights, and then presented to our users.

As of February , the average rent in Manhattan is $5,561.
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