Murray Hill, Manhattan, New York City, NY Rental Market Trends
Last updated: February 21, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Murray Hill is $5,231, a 0.57% decrease compared to the previous year, when the average rent was $5,262.
Studio Apartments at $4,093 offer the most budget-friendly option with 510 square feet, ideal for single renters prioritizing location over space.
One-bedroom apartments provide 732 square feet for $5,058, balancing privacy and affordability.
Two-beedroom units at $6,963 offer 1,050 square feet, perfect for roommates or small families.
Three-bedroom apartments deliver maximum space (1,272 sq ft) for $7,931, suitable for larger households.
Average rent in Murray Hill, Manhattan, New York City, NY
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $5,231 | 754 sq. ft. |
| Studio | $4,093 | 510 sq. ft. |
| 1 Bed | $5,058 | 732 sq. ft. |
| 2 Beds | $6,963 | 1,050 sq. ft. |
| 3 Beds | $7,931 | 1,272 sq. ft. |
Murray Hill, Manhattan, New York City, NY rent trends
Rental prices in Murray Hill, Manhattan, New York City, NY have decreased by 0.57% over the past year. The average rent moved from $5,262 to $5,231.
Do most people rent or own in Murray Hill, Manhattan, New York City, NY?
10,734 or 72% of the households in Murray Hill, Manhattan, New York City, NY are renter-occupied while 4,160 or 28% are owner-occupied.
Most affordable neighborhoods in Murray Hill?
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 Murray Hill?
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 Murray Hill is 10% lower than in Battery Park City
Murray Hill rent is the same as Manhattan average
Battery Park City rent is 11% 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 Murray Hill 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.