Midtown Manhattan, Manhattan, NY Rental Market Trends
Last updated: April 14, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Midtown Manhattan is $5,616, a 10.3% increase compared to the previous year, when the average rent was $5,092.
Studio Apartments at $4,240 offer the most budget-friendly option with 484 square feet, ideal for single renters prioritizing location over space.
One-bedroom apartments provide 724 square feet for $5,569, balancing privacy and affordability.
Two-beedroom units at $7,873 offer 1,073 square feet, perfect for roommates or small families.
Three-bedroom apartments deliver maximum space (1,181 sq ft) for $8,362, suitable for larger households.
Average rent in Midtown Manhattan, Manhattan, NY
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $5,616 | 724 sq. ft. |
| Studio | $4,240 | 484 sq. ft. |
| 1 Bed | $5,569 | 724 sq. ft. |
| 2 Beds | $7,873 | 1,073 sq. ft. |
| 3 Beds | $8,362 | 1,181 sq. ft. |
Midtown Manhattan, Manhattan, NY rent trends
Rental prices in Midtown Manhattan, Manhattan, NY have increased by 10.3% over the past year. The average rent moved from $5,092 to $5,616.
Do most people rent or own in Midtown Manhattan, Manhattan, NY?
126,891 or 73% of the households in Midtown Manhattan, Manhattan, NY are renter-occupied while 46,623 or 27% are owner-occupied.
Most affordable neighborhoods in Midtown 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 $5,501/month.Most expensive neighborhoods in Midtown Manhattan?
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 Battery Park City is 21% lower than in Carnegie Hill
Battery Park City rent is 11% lower than Manhattan average
Carnegie Hill rent is 13% 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 Midtown 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.