Financial District, Manhattan, NY Rental Market Trends
Last updated: May 20, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Financial District is $5,957, a 10.01% increase compared to the previous year, when the average rent was $5,414.
Studio Apartments at $4,219 offer the most budget-friendly option with 514 square feet, ideal for single renters prioritizing location over space.
One-bedroom apartments provide 743 square feet for $6,076, balancing privacy and affordability.
Two-beedroom units at $8,316 offer 1,027 square feet, perfect for roommates or small families.
Three-bedroom apartments deliver maximum space (1,525 sq ft) for $11,977, suitable for larger households.
Average rent in Financial District, Manhattan, NY
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $5,957 | 736 sq. ft. |
| Studio | $4,219 | 514 sq. ft. |
| 1 Bed | $6,076 | 743 sq. ft. |
| 2 Beds | $8,316 | 1,027 sq. ft. |
| 3 Beds | $11,977 | 1,525 sq. ft. |
Financial District, Manhattan, NY rent trends
Rental prices in Financial District, Manhattan, NY have increased by 10.01% over the past year. The average rent moved from $5,414 to $5,957.
Do most people rent or own in Financial District, Manhattan, NY?
10,946 or 75% of the households in Financial District, Manhattan, NY are renter-occupied while 3,577 or 25% are owner-occupied.
Most affordable neighborhoods in Financial District?
Harlem $2,473/month
Washington Heights $3,211/month
East Harlem $3,920/month
All of these neighborhoods fall below the city wide average of $5,345/month.Most expensive neighborhoods in Financial District?
Sutton Place $6,620/month
NoLIta $6,954/month
Flatiron District $7,093/month
These neighborhoods typically command higher rents due to location, amenities, and demand.Average Rent in Manhattan, NY By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| Flatiron District | $7,093 |
| NoLIta | $6,954 |
| Sutton Place | $6,620 |
| TriBeCa | $6,506 |
| NoMad | $6,452 |
| NoHo | $6,410 |
| Central Midtown | $6,191 |
| Lincoln Square | $5,996 |
| Lower East Side | $5,970 |
| Financial District | $5,957 |
| Chelsea | $5,938 |
| East Village | $5,779 |
| Kips Bay | $5,755 |
| Turtle Bay | $5,596 |
| Murray Hill | $5,575 |
| Manhattan Valley | $5,546 |
| Theatre District - Times Square | $5,417 |
| West Village | $5,381 |
| Carnegie Hill | $5,256 |
| Clinton - Hell's Kitchen | $5,221 |
| Greenwich Village | $5,167 |
| Lenox Hill | $5,114 |
| Yorkville | $5,088 |
| Upper West Side | $4,933 |
| Garment District | $4,745 |
| Civic Center | $4,639 |
| Morningside Heights | $4,377 |
| Gramercy Park | $4,158 |
| East Harlem | $3,920 |
| Washington Heights | $3,211 |
| Harlem | $2,473 |
Manhattan | Rent Comparison by Neighborhood
Rent in Financial District is 13% higher than in Carnegie Hill
Financial District rent is the same as Manhattan average
Carnegie Hill rent is 12% lower than Manhattan average
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 Financial District 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.