95 Wall
95 Wall St,
New York, NY 10005
Studio - 3 Beds | $3,677 - $7,084
Rental Market Trends in Manhattan, NY
What is the average rent in Manhattan, NY?
$3,890/month
Average Rent
597 Sq Ft
Average Apartment Size
+1.8%
Increase in the Last Year
As of February 2025, the average rent in Manhattan, NY is $3,890 per month. This is 150% higher than the national average rent price of $1,556/month, making Manhattan one of the most expensive cities in the US. When you rent an apartment in Manhattan, you can expect to pay about $3,147 per month for a studio, $3,890 for a one-bedroom apartment, and around $5,282 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $6,557 or more.
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
How much has average rent changed in Manhattan, NY?
In the past year, rent has increased by 1.8%, which averages out to $72 more per month.
Market Trends Over Time
The chart below compares average rent prices to the previous year during the same time period.
Last Updated February 2025
Legend
2024
2025
Rent Ranges in Manhattan, NY
Last Updated February 2025
Above $2,000
Most rental prices fall within this range
Percentage*
Rent Range
1%
Below $700/month
2%
$700 - $1,000/month
4%
$1,001 - $1,500/month
10%
$1,501 - $2,000/month
83%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in Manhattan?
Based on current rent prices, Lower East Side, East Village and Stuyvesant Town-Peter Cooper Village are the most affordable neighborhoods in Manhattan.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Manhattan?
Based on current rent prices, Lincoln Square, Midtown West and Midtown East are the most expensive neighborhoods in Manhattan.
Neighborhood
Average Rent
Average Sq Ft
Which Manhattan neighborhoods have the most rentals available?
The neighborhoods in Manhattan with the most apartments available are Midtown South, Midtown West and Lower West Side .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Manhattan, NY?
Because the average rent in Manhattan is $3,890, you’ll want to make about $12,966 per month or $155,592 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.
Cost of Living
The cost of living in Manhattan, NY is 129.6% higher than the national average. Generally, housing in Manhattan is 411.8% more expensive than the national average, with rent falling between $3,147 - $6,557. You can expect to pay 15.4% more for groceries, 9.1% more for utilities, and 13.8% more for transportation.
How does Manhattan, NY compare to other nearby cities and neighborhoods?
Use the tool below to compare Manhattan, NY to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.
Studio
$3,878/month
$3,031/month
One Bedroom
$4,158/month
$4,110/month
Two Bedroom
$4,540/month
$4,644/month
Three Bedroom
$5,042/month
$6,363/month
Nearby City Rent Trends
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Methodology
† 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.
* Percentages may not total 100 due to rounding.