What is the average apartment size in Manhattan?

The average size for a Manhattan, NY apartment is 738 square feet, but this number varies greatly depending on unit type, with cheap and luxury alternatives for houses and apartments alike. Studio apartments are the smallest and most affordable, 1-bedroom apartments are closer to the average, while 2-bedroom apartments and 3-bedroom apartments offer a more generous square footage.

What is the average rent in Manhattan?

As of Jan / 2026, the average rent in Manhattan is $5,524 per month, a 7.24% increase from last years average of $5,152.

How much does rent cost by apartment size in Manhattan?

In Manhattan, studios rent for $4,045 per month, one-bedroom units average $5,198 per month, two-bedrooms cost around $7,357 per month, and three-bedroom apartments rent for about $9,888 per month

What is the average apartment size in Manhattan?

The typical apartment in Manhattan offers about 738 sq. ft. square feet of living space, though actual sizes vary depending on layout and amenities.

How large are apartments by bedroom count in Manhattan?

Studio apartments in Manhattan average 489 sq. ft., one-bedrooms offer 701 sq. ft., two-bedrooms are about 1,012 sq. ft., and three-bedroom apartments average 1,360 sq. ft.

What are the most expensive neighborhoods in Manhattan?

The most expensive neighborhoods in Manhattan are Sutton Place ($6,590/month), Carnegie Hill ($7,049/month), and Lincoln Square ($7,834/month), often due to premium locations and high-end amenities.

Manhattan, NY Rental Market Trends

Q: What's the typical rent budget in Manhattan?

The typical rent budget in Manhattan ranges from $3,000 to per month, with 99% of rentals in this range.

Q: Do most people rent or own in Manhattan?

In Manhattan, 75% of households rent while 25% own their homes, based on the latest U.S. Census data.

Q: What are the most affordable neighborhoods in Manhattan?

The most affordable neighborhoods in Manhattan include Washington Heights ($2,741/month), Inwood ($2,815/month), and Harlem ($3,315/month), all below the citywide average of $5,524.

Last updated: February 18, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau

Highlights

The average rent for an apartment in Manhattan is $5,524, a 7.24% increase compared to the previous year, when the average rent was $5,152.

Studio Apartments at $4,045 offer the most budget-friendly option with 489 square feet, ideal for single renters prioritizing location over space.

One-bedroom apartments provide 701 square feet for $5,198, balancing privacy and affordability.

Two-beedroom units at $7,357 offer 1,012 square feet, perfect for roommates or small families.

Three-bedroom apartments deliver maximum space (1,360 sq ft) for $9,888, suitable for larger households.

Average rent in Manhattan, NY

Last updated: February 18, 2026

	Average Rent	Average Apartment Size
All Rentals	$5,524	738 sq. ft.
Studio	$4,045	489 sq. ft.
1 Bed	$5,198	701 sq. ft.
2 Beds	$7,357	1,012 sq. ft.
3 Beds	$9,888	1,360 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.

Most affordable neighborhoods in Manhattan?

Washington Heights $2,741/month

Inwood $2,815/month

Harlem $3,315/month

All of these neighborhoods fall below the city wide average of $5,524/month.

Most expensive neighborhoods in Manhattan?

Sutton Place $6,590/month

Carnegie Hill $7,049/month

Lincoln Square $7,834/month

These neighborhoods typically command higher rents due to location, amenities, and demand.

Average Rent in Manhattan, NY By Neighborhood

Neighborhood	Average Rent
Lincoln Square	$7,834
Carnegie Hill	$7,049
Sutton Place	$6,590
Greenwich Village	$6,554
TriBeCa	$6,506
Lenox Hill	$6,471
NoHo	$6,410
NoMad	$6,403
West Village	$6,200
East Village	$6,028
Yorkville	$5,929
Flatiron District	$5,836
Battery Park City	$5,787
Lower East Side	$5,778
Financial District	$5,667
Gramercy Park	$5,605
Manhattan Valley	$5,499
Central Midtown	$5,412
Chelsea	$5,407
Upper West Side	$5,361
Kips Bay	$5,311
Murray Hill	$5,231
Theatre District - Times Square	$5,178
Clinton - Hell's Kitchen	$5,048
Turtle Bay	$5,003
Central Park South	$4,807
Garment District	$4,745
Koreatown	$4,673
Roosevelt Island	$4,267
East Harlem	$4,028
Harlem	$3,315
Inwood	$2,815
Washington Heights	$2,741

Manhattan | Rent Comparison by Neighborhood

Rent in Battery Park City is 18% lower than in Carnegie Hill

$5,787

Battery Park City rent is 5% higher than Manhattan average

Average Rent $5,787

$7,049

Carnegie Hill rent is 28% higher than Manhattan average

Average Rent $7,049

How Manhattan Compares to Other Cities

City	Average Rent
Manhattan	$5,524
New York City	$5,227
Hudson Valley	$2,603
Brooklyn	$4,351
Queens	$4,401
Ithaca	$2,305
Albany	$1,743
Buffalo	$1,419
Poughkeepsie	$2,083
Amityville	$2,932
Rochester	$1,505
Jersey City, NJ	$3,768
Newark, NJ	$1,706
Bayonne, NJ	$2,585
Hoboken, NJ	$4,560
Englewood, NJ	$2,958
Hackensack, NJ	$2,566
Mount Vernon	$2,146
Passaic, NJ	$1,916
Garfield, NJ	$2,190
Union City, NJ	$2,179

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.