Lower East Side, Manhattan, NY Rental Market Trends
Last updated: February 22, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Lower East Side is $5,778, a 0.28% decrease compared to the previous year, when the average rent was $5,794.
Studio Apartments at $4,229 offer the most budget-friendly option with 497 square feet, ideal for single renters prioritizing location over space.
One-bedroom apartments provide 719 square feet for $6,134, balancing privacy and affordability.
Two-beedroom units at $6,874 offer 881 square feet, perfect for roommates or small families.
Three-bedroom apartments deliver maximum space (840 sq ft) for $7,026, suitable for larger households.
Average rent in Lower East Side, Manhattan, NY
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $5,778 | 687 sq. ft. |
| Studio | $4,229 | 497 sq. ft. |
| 1 Bed | $6,134 | 719 sq. ft. |
| 2 Beds | $6,874 | 881 sq. ft. |
| 3 Beds | $7,026 | 840 sq. ft. |
Lower East Side, Manhattan, NY rent trends
Rental prices in Lower East Side, Manhattan, NY have decreased by 0.28% over the past year. The average rent moved from $5,794 to $5,778.
Do most people rent or own in Lower East Side, Manhattan, NY?
20,208 or 81% of the households in Lower East Side, Manhattan, NY are renter-occupied while 4,623 or 19% are owner-occupied.
Most affordable neighborhoods in Lower East Side?
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 Lower East Side?
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 Lower East Side is 1% lower than in Battery Park City
Lower East Side rent is the same as Manhattan average
Battery Park City rent is 1% higher 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 Lower East Side 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.