Financial District, Manhattan, NY Rental Market Trends
Last updated: April 12, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Financial District is $5,500, a 7.15% increase compared to the previous year, when the average rent was $5,133.
Studio Apartments at $4,067 offer the most budget-friendly option with 535 square feet, ideal for single renters prioritizing location over space.
One-bedroom apartments provide 731 square feet for $5,403, balancing privacy and affordability.
Two-beedroom units at $8,619 offer 1,060 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 | $5,500 | 724 sq. ft. |
| Studio | $4,067 | 535 sq. ft. |
| 1 Bed | $5,403 | 731 sq. ft. |
| 2 Beds | $8,619 | 1,060 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 7.15% over the past year. The average rent moved from $5,133 to $5,500.
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?
Washington Heights $2,741/month
Inwood $2,815/month
Harlem $3,315/month
All of these neighborhoods fall below the city wide average of $5,501/month.Most expensive neighborhoods in Financial District?
Sutton Place $6,609/month
Lincoln Square $6,694/month
Central Park South $7,263/month
These neighborhoods typically command higher rents due to location, amenities, and demand.Average Rent in Manhattan, NY By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| Central Park South | $7,263 |
| Lincoln Square | $6,694 |
| Sutton Place | $6,609 |
| TriBeCa | $6,506 |
| NoHo | $6,410 |
| Carnegie Hill | $6,334 |
| NoMad | $6,264 |
| East Village | $6,111 |
| Lenox Hill | $6,032 |
| Central Midtown | $6,005 |
| Chelsea | $5,856 |
| Flatiron District | $5,836 |
| Turtle Bay | $5,579 |
| Murray Hill | $5,516 |
| Financial District | $5,500 |
| West Village | $5,408 |
| Theatre District - Times Square | $5,388 |
| Manhattan Valley | $5,378 |
| Clinton - Hell's Kitchen | $5,323 |
| Kips Bay | $5,311 |
| Yorkville | $5,128 |
| Upper West Side | $5,106 |
| Lower East Side | $4,999 |
| Battery Park City | $4,979 |
| Roosevelt Island | $4,952 |
| Garment District | $4,745 |
| Koreatown | $4,673 |
| Gramercy Park | $4,640 |
| Greenwich Village | $4,506 |
| East Harlem | $3,714 |
| Harlem | $3,315 |
| Inwood | $2,815 |
| Washington Heights | $2,741 |
Manhattan | Rent Comparison by Neighborhood
Rent in Financial District is 10% higher than in Battery Park City
Financial District rent is the same as Manhattan average
Battery Park City rent is 9% 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.