Kips Bay, Manhattan, NY Rental Market Trends
Last updated: April 11, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Kips Bay is $5,311, a 12.88% increase compared to the previous year, when the average rent was $4,705.
Studio Apartments at $4,556 offer the most budget-friendly option with 485 square feet, ideal for single renters prioritizing location over space.
One-bedroom apartments provide 682 square feet for $5,229, balancing privacy and affordability.
Two-beedroom units at $6,949 offer 1,025 square feet, perfect for roommates or small families.
Three-bedroom apartments deliver maximum space (1,201 sq ft) for $7,698, suitable for larger households.
Average rent in Kips Bay, Manhattan, NY
Last updated: April 11, 2026
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $5,311 | 687 sq. ft. |
| Studio | $4,556 | 485 sq. ft. |
| 1 Bed | $5,229 | 682 sq. ft. |
| 2 Beds | $6,949 | 1,025 sq. ft. |
| 3 Beds | $7,698 | 1,201 sq. ft. |
Kips Bay, Manhattan, NY rent trends
Rental prices in Kips Bay, Manhattan, NY have increased by 12.88% over the past year. The average rent moved from $4,705 to $5,311.
What's the typical rent budget in Kips Bay, Manhattan, NY?
The largest share of rentals in Kips Bay, 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 Kips Bay, Manhattan, NY?
11,584 or 74% of the households in Kips Bay, Manhattan, NY are renter-occupied while 4,068 or 26% are owner-occupied.
Most affordable neighborhoods in Kips Bay?
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 Kips Bay?
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 |
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Manhattan | Rent Comparison by Neighborhood
Rent in Kips Bay is 7% higher than in Battery Park City
$5,311
Kips Bay rent is the same as Manhattan average
Average Rent
$5,311
$4,979
Battery Park City rent is 6% lower than Manhattan average
Average Rent
$4,979
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 Kips Bay 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.