View 34
401 E 34th St,
New York, NY 10016
$3,475 - $8,191 | Studio - 3 Beds
Nestled alongside the East River in Manhattan, Kips Bay is a quiet, laidback enclave surrounded by vibrant, bustling neighbors. Residents have their pick of classic red-brick apartments, luxury condos, and charming townhouses available for rent throughout the neighborhood.
Known as a hub for medical care, Kips Bay is home to five major hospitals clustered on First Avenue. Numerous low-key restaurants, bars, and shops are scattered throughout the area as well, balancing Kips Bay’s residential feel with urban convenience.
Sandwiched between Murray Hill and Gramercy Park, Kips Bay sits within walking distance of endless metropolitan amenities. Residents enjoy a peaceful home environment without sacrificing access to all that Manhattan has to offer.
As of April 2025, the average apartment rent in Kips Bay is $3,271 for a studio, $4,049 for one bedroom, $5,589 for two bedrooms, and $8,453 for three bedrooms. Apartment rent in Kips Bay has increased by 0.4% in the past year.
Studio
457 sq ft
Average Sq Ft
$3,271/month
Average Rent
1 BR
608 sq ft
Average Sq Ft
$4,049/month
Average Rent
2 BR
759 sq ft
Average Sq Ft
$5,589/month
Average Rent
3 BR
948 sq ft
Average Sq Ft
$8,453/month
Average Rent
Walker's Paradise
out of 100 WalkScore® Rating
Lace up your walking shoes because this area is considered a walker’s paradise.
Rider's Paradise
out of 100 TransitScore® Rating
Living in this area is considered a rider’s paradise, with world-class transportation.
Very Bikeable
out of 100 BikeScore® Rating
This area is very bikeable. You’ll find a variety of bike paths and lanes.
Current Resident
3 years and 4 months ago•Niche Review
I love this neighborhood. Excellent affordability/ quality of life ratio. Area west to the 3rd avenue is very safe and full of nightlife and dining options. East to 2nd Ave is mostly hospitals snd NYU research centers, not that nice at night but still safe. Plenty of new developments along 23rd street and 3rd ave.
Current Resident
4 years and 9 months ago•Niche Review
Kips Bay is a quiet and affordable neighborhood in Manhattan just east of the Flatiron Building. I've lived in my current apartment for 3 years and while the pandemic has definitely made the neighborhood a little rougher, it's still one of my favorite places in New York City. There are ample restaurants and bars to choose from, and it's convenient to a few different trains and busses.
Current Resident
5 years and 4 months ago•Niche Review
Hospitals everywhere. Too much traffic and no good stores. No highly priced apartments. Too much of an urban feel . It honestly is bad!!!!!!!!!
Niche User
8 years and 10 months ago•Niche Review
I feel very safe in my area, I never get rattled.
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† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in February 2025.