Data Updated As Of September 2022
Average NYC Rent Prices Are At All Time Highs
September 2022 commentary: Average rent throughout all regions of Manhattan for all types of rental apartments have hit all time highs through summer months but has flattened out more recently. Inventory remains tight as competitively priced aparartments are quickly taken off market. There has been an uptick in vacancies at luxury buildings which has caused average prices to skew higher. Expect for prices to come down on the luxury end of the market and to be able to negotiate list prices.
Downtown Manhattan Average Rent In NYC
(South of 14th Street)
Studio |
||||
| All Types | Elevator Doorman | Elevator | Walk Up | |
| Feb-20 | $3,516 | $3,804 | $3,227 | $2,849 |
| Mar-20 | $3,387 | $3,624 | $2,968 | $3,109 |
| Apr-20 | $3,510 | $3,646 | $3,138 | $2,961 |
| May-20 | $3,228 | $3,400 | $2,937 | $2,487 |
| Jun-20 | $3,320 | $3,416 | $2,986 | $2,447 |
| Jul-20 | $3,182 | $3,296 | $2,714 | $2,454 |
| Aug-20 | $2,930 | $3,104 | $2,567 | $2,358 |
| Sep-20 | $2,825 | $2,930 | $2,459 | $2,248 |
| Oct-20 | $2,656 | $2,804 | $2,446 | $2,120 |
| Nov-20 | $2,590 | $2,779 | $2,420 | $2,096 |
| Dec-20 | $2,502 | $2,778 | $2,383 | $2,042 |
| Jan-21 | $2,610 | $2,837 | $2,338 | $2,015 |
| Feb-21 | $2,651 | $2,840 | $2,373 | $2,000 |
| Mar-21 | $2,619 | $2,762 | $2,389 | $1,993 |
| Apr-21 | $2,628 | $2,827 | $2,347 | $1,982 |
| May-21 | $2,773 | $3,008 | $2,357 | $1,996 |
| Jun-21 | $2,897 | $3,116 | $2,432 | $2,306 |
| Jul-21 | $3,102 | $3,351 | $2,698 | $2,504 |
| Aug-21 | $3,378 | $3,525 | $2,713 | $2,776 |
| Sep-21 | $3,308 | $3,505 | $2,931 | $2,587 |
| Dec-21 | $3,428 | $3,713 | $3,014 | $2,819 |
| Mar-22 | $3,665 | $3,822 | $2,875 | $2,909 |
| Jun-22 | $3,843 | $3,987 | $3,300 | $3,272 |
| Sep-22 | $3,972 | $4,116 | $3,595 | $3,480 |
| QoQ | 3.4% | 3.2% | 8.9% | 6.4% |
1 Bed |
||||
| All Types | Elevator Doorman | Elevator | Walk Up | |
| Feb-20 | $4,456 | $4,725 | $4,405 | $3,217 |
| Mar-20 | $4,253 | $4,782 | $4,381 | $3,425 |
| Apr-20 | $4,501 | $4,748 | $4,578 | $3,373 |
| May-20 | $4,294 | $4,661 | $4,373 | $3,220 |
| Jun-20 | $4,342 | $4,562 | $4,417 | $2,944 |
| Jul-20 | $4,112 | $4,347 | $4,074 | $2,995 |
| Aug-20 | $3,831 | $4,165 | $3,742 | $2,981 |
| Sep-20 | $3,765 | $4,023 | $3,663 | $2,925 |
| Oct-20 | $3,402 | $3,835 | $3,344 | $2,782 |
| Nov-20 | $3,177 | $3,791 | $3,273 | $2,475 |
| Dec-20 | $3,023 | $3,823 | $3,278 | $2,320 |
| Jan-21 | $3,382 | $3,861 | $3,292 | $2,386 |
| Feb-21 | $3,492 | $3,857 | $3,153 | $2,421 |
| Mar-21 | $3,454 | $3,750 | $3,177 | $2,339 |
| Apr-21 | $3,521 | $3,858 | $3,274 | $2,574 |
| May-21 | $3,696 | $4,075 | $3,355 | $2,607 |
| Jun-21 | $3,774 | $4,240 | $3,556 | $2,917 |
| Jul-21 | $3,899 | $4,520 | $3,758 | $2,966 |
| Aug-21 | $4,333 | $4,887 | $3,983 | $3,084 |
| Sep-21 | $4,420 | $4,904 | $3,735 | $3,203 |
| Dec-21 | $4,508 | $4,957 | $4,226 | $3,446 |
| Mar-22 | $4,767 | $5,192 | $4,032 | $3,626 |
| Jun-22 | $4,996 | $5,540 | $5,009 | $4,098 |
| Sep-22 | $5,299 | $5,519 | $4,898 | $3,859 |
| QoQ | 6.1% | (0.4%) | (2.2%) | (5.8%) |
2 Bed |
||||
| All Types | Elevator Doorman | Elevator | Walk Up | |
| Feb-20 | $5,490 | $6,746 | $4,850 | $3,596 |
| Mar-20 | $4,985 | $6,340 | $5,254 | $3,812 |
| Apr-20 | $5,633 | $6,670 | $4,606 | $3,618 |
| May-20 | $5,073 | $6,719 | $5,436 | $3,537 |
| Jun-20 | $5,547 | $6,602 | $5,623 | $3,423 |
| Jul-20 | $5,091 | $6,303 | $5,295 | $3,420 |
| Aug-20 | $4,364 | $5,830 | $5,080 | $3,258 |
| Sep-20 | $4,631 | $5,744 | $4,370 | $3,350 |
| Oct-20 | $4,174 | $5,569 | $4,296 | $3,177 |
| Nov-20 | $3,844 | $5,531 | $4,012 | $2,855 |
| Dec-20 | $3,535 | $5,491 | $4,045 | $2,698 |
| Jan-21 | $4,148 | $5,636 | $4,123 | $2,722 |
| Feb-21 | $4,251 | $5,459 | $4,671 | $2,755 |
| Mar-21 | $4,402 | $5,557 | $4,629 | $2,668 |
| Apr-21 | $4,325 | $6,218 | $4,306 | $2,681 |
| May-21 | $4,442 | $6,412 | $4,466 | $2,798 |
| Jun-21 | $4,819 | $6,564 | $4,909 | $3,239 |
| Jul-21 | $5,114 | $7,104 | $4,876 | $3,343 |
| Aug-21 | $5,693 | $7,136 | $5,575 | $3,544 |
| Sep-21 | $5,990 | $7,341 | $5,578 | $3,809 |
| Dec-21 | $6,043 | $7,169 | $5,155 | $4,343 |
| Mar-22 | $5,921 | $7,328 | $5,471 | $4,357 |
| Jun-22 | $5,572 | $7,846 | $5,233 | $4,694 |
| Sep-22 | $6,440 | $9,534 | $5,760 | $5,561 |
| QoQ | 15.6% | 21.5% | 10.1% | 18.5% |
- The average rent in NYC for a Studio apartment in Downtown Manhattan is $3,972
- The average rent in NYC for a 1 Bedroom apartment in Downtown Manhattan is $5,299
- The average rent in NYC for a 2 Bedroom apartment in Downtown Manhattan is $6,440
- The average rent in NYC for a 1 Bedroom apartment in a Luxury Elevator Doorman building in Downtown Manhattan is $5,519
- The average rent in NYC for a 1 Bedroom apartment in an Elevator building in Downtown Manhattan is $4,898
- The average rent in NYC for a 1 Bedroom apartment in a Walk Up building in Downtown Manhattan is $3,859
Midtown Manhattan Average Rent In NYC
(14th Street to 59th Street)
Studio |
||||
| All Types | Elevator Doorman | Elevator | Walk Up | |
| Feb-20 | $3,278 | $3,296 | $2,827 | $2,839 |
| Mar-20 | $3,243 | $3,328 | $2,913 | $2,791 |
| Apr-20 | $3,343 | $3,398 | $2,727 | $2,887 |
| May-20 | $3,216 | $3,290 | $2,716 | $2,421 |
| Jun-20 | $3,113 | $3,180 | $2,723 | $2,341 |
| Jul-20 | $3,048 | $3,126 | $2,685 | $2,275 |
| Aug-20 | $2,883 | $2,986 | $2,588 | $2,213 |
| Sep-20 | $2,819 | $2,880 | $2,594 | $2,159 |
| Oct-20 | $2,723 | $2,795 | $2,420 | $2,117 |
| Nov-20 | $2,631 | $2,721 | $2,326 | $2,058 |
| Dec-20 | $2,583 | $2,687 | $2,275 | $1,944 |
| Jan-21 | $2,598 | $2,693 | $2,225 | $1,954 |
| Feb-21 | $2,617 | $2,708 | $2,204 | $1,933 |
| Mar-21 | $2,592 | $2,683 | $2,148 | $1,848 |
| Apr-21 | $2,659 | $2,783 | $2,118 | $1,875 |
| May-21 | $2,803 | $2,951 | $2,138 | $1,930 |
| Jun-21 | $2,905 | $3,088 | $2,165 | $2,055 |
| Jul-21 | $3,180 | $3,319 | $2,566 | $2,399 |
| Aug-21 | $3,432 | $3,555 | $2,757 | $2,550 |
| Sep-21 | $3,457 | $3,653 | $2,518 | $2,447 |
| Dec-21 | $3,724 | $3,774 | $2,610 | $3,038 |
| Mar-22 | $3,850 | $3,944 | $3,035 | $2,655 |
| Jun-22 | $4,042 | $4,209 | $3,134 | $2,475 |
| Sep-22 | $3,756 | $3,776 | $3,828 | $2,895 |
| QoQ | (7.1%) | (10.3%) | 22.1% | 17.0% |
1 Bed |
||||
| All Types | Elevator Doorman | Elevator | Walk Up | |
| Feb-20 | $4,307 | $4,352 | $3,673 | $3,019 |
| Mar-20 | $4,291 | $4,439 | $3,656 | $3,146 |
| Apr-20 | $4,320 | $4,370 | $3,706 | $3,082 |
| May-20 | $4,137 | $4,242 | $3,614 | $2,750 |
| Jun-20 | $4,087 | $4,171 | $3,553 | $2,762 |
| Jul-20 | $3,921 | $4,012 | $3,514 | $2,683 |
| Aug-20 | $3,675 | $3,800 | $3,249 | $2,674 |
| Sep-20 | $3,615 | $3,700 | $3,197 | $2,499 |
| Oct-20 | $3,488 | $3,643 | $2,963 | $2,535 |
| Nov-20 | $3,355 | $3,599 | $2,774 | $2,306 |
| Dec-20 | $3,230 | $3,537 | $2,684 | $2,219 |
| Jan-21 | $3,285 | $3,520 | $2,641 | $2,137 |
| Feb-21 | $3,385 | $3,567 | $2,655 | $2,135 |
| Mar-21 | $3,397 | $3,538 | $2,786 | $2,178 |
| Apr-21 | $3,506 | $3,667 | $2,872 | $2,247 |
| May-21 | $3,600 | $3,807 | $2,792 | $2,367 |
| Jun-21 | $3,746 | $3,989 | $2,949 | $2,495 |
| Jul-21 | $4,181 | $4,436 | $3,267 | $2,470 |
| Aug-21 | $4,382 | $4,563 | $3,565 | $2,522 |
| Sep-21 | $4,591 | $4,785 | $3,364 | $2,683 |
| Dec-21 | $4,627 | $4,743 | $3,756 | $3,455 |
| Mar-22 | $4,790 | $4,941 | $3,629 | $3,370 |
| Jun-22 | $5,211 | $5,397 | $3,912 | $3,569 |
| Sep-22 | $4,792 | $4,978 | $4,270 | $3,591 |
| QoQ | (8.0%) | (7.8%) | 9.2% | 0.6% |
2 Bed |
||||
| All Types | Elevator Doorman | Elevator | Walk Up | |
| Feb-20 | $5,982 | $6,306 | $4,768 | $3,554 |
| Mar-20 | $5,760 | $6,242 | $4,185 | $4,038 |
| Apr-20 | $6,073 | $6,289 | $3,857 | $4,166 |
| May-20 | $5,907 | $6,243 | $4,308 | $4,168 |
| Jun-20 | $5,958 | $6,184 | $4,320 | $4,036 |
| Jul-20 | $5,712 | $5,955 | $4,192 | $3,803 |
| Aug-20 | $5,381 | $5,728 | $3,994 | $3,778 |
| Sep-20 | $5,278 | $5,592 | $3,986 | $3,443 |
| Oct-20 | $5,011 | $5,626 | $3,744 | $3,246 |
| Nov-20 | $4,780 | $5,631 | $3,632 | $2,843 |
| Dec-20 | $4,448 | $5,501 | $3,291 | $2,670 |
| Jan-21 | $4,713 | $5,465 | $3,187 | $2,700 |
| Feb-21 | $4,958 | $5,648 | $3,274 | $2,716 |
| Mar-21 | $4,848 | $5,509 | $3,465 | $2,644 |
| Apr-21 | $5,149 | $5,925 | $3,315 | $2,688 |
| May-21 | $5,432 | $6,216 | $3,653 | $2,802 |
| Jun-21 | $5,641 | $6,383 | $4,007 | $3,218 |
| Jul-21 | $6,303 | $6,824 | $4,334 | $3,429 |
| Aug-21 | $6,502 | $6,777 | $4,311 | $4,192 |
| Sep-21 | $6,396 | $6,636 | $4,028 | $3,884 |
| Dec-21 | $6,229 | $6,535 | $5,281 | $4,382 |
| Mar-22 | $6,309 | $6,785 | $4,646 | $4,204 |
| Jun-22 | $7,176 | $7,732 | $4,764 | $4,778 |
| Sep-22 | $7,353 | $7,517 | $5,396 | $4,500 |
| QoQ | 2.5% | (2.8%) | 13.3% | (5.8%) |
- The average rent in NYC for a Studio apartment in Midtown Manhattan is $3,756
- The average rent in NYC for a 1 Bedroom apartment in Midtown Manhattan is $4,792
- The average rent in NYC for a 2 Bedroom apartment in Midtown Manhattan is $7,353
- The average rent in NYC for a 1 Bedroom apartment in a Luxury Elevator Doorman building in the neighborhood of Midtown Manhattan is $4,978
- The average rent in NYC for a 1 Bedroom apartment in an Elevator building in Midtown Manhattan is $4,270
- The average rent in NYC for a 1 Bedroom apartment in a Walk Up building in Midtown Manhattan is $3,591
Upper East Side Average Rent In NYC
(East 60th Street to East 96th Street)
Studio |
||||
| All Types | Elevator Doorman | Elevator | Walk Up | |
| Feb-20 | $2,678 | $2,932 | $2,372 | $2,284 |
| Mar-20 | $2,597 | $3,240 | $2,360 | $2,382 |
| Apr-20 | $2,675 | $3,159 | $2,338 | $2,378 |
| May-20 | $2,537 | $3,115 | $2,400 | $2,350 |
| Jun-20 | $2,551 | $3,034 | $2,431 | $2,283 |
| Jul-20 | $2,421 | $2,947 | $2,316 | $2,242 |
| Aug-20 | $2,309 | $2,883 | $2,211 | $2,172 |
| Sep-20 | $2,228 | $2,785 | $2,072 | $2,008 |
| Oct-20 | $2,169 | $2,656 | $2,030 | $2,014 |
| Nov-20 | $2,072 | $2,644 | $2,064 | $1,891 |
| Dec-20 | $2,057 | $2,678 | $2,060 | $1,878 |
| Jan-21 | $2,074 | $2,575 | $2,099 | $1,865 |
| Feb-21 | $2,083 | $2,685 | $2,038 | $1,825 |
| Mar-21 | $2,069 | $2,633 | $1,958 | $1,804 |
| Apr-21 | $2,106 | $2,666 | $2,004 | $1,843 |
| May-21 | $2,141 | $2,800 | $2,013 | $1,872 |
| Jun-21 | $2,175 | $2,911 | $1,952 | $1,868 |
| Jul-21 | $2,403 | $3,247 | $2,048 | $2,029 |
| Aug-21 | $2,554 | $3,272 | $2,180 | $2,173 |
| Sep-21 | $2,597 | $3,347 | $2,313 | $2,192 |
| Dec-21 | $2,593 | $3,475 | $2,324 | $2,287 |
| Mar-22 | $2,890 | $3,388 | $2,500 | $2,632 |
| Jun-22 | $3,078 | $3,768 | $2,648 | $2,787 |
| Sep-22 | $3,182 | $3,563 | $2,700 | $2,944 |
| QoQ | 3.4% | (5.4%) | 2.0% | 5.6% |
1 Bed |
||||
| All Types | Elevator Doorman | Elevator | Walk Up | |
| Feb-20 | $3,442 | $3,833 | $3,110 | $2,684 |
| Mar-20 | $3,342 | $4,112 | $3,206 | $2,678 |
| Apr-20 | $3,559 | $4,110 | $3,223 | $2,632 |
| May-20 | $3,395 | $4,063 | $3,252 | $2,587 |
| Jun-20 | $3,319 | $3,922 | $3,207 | $2,547 |
| Jul-20 | $3,188 | $3,818 | $3,034 | $2,526 |
| Aug-20 | $3,055 | $3,819 | $2,932 | $2,494 |
| Sep-20 | $3,189 | $3,810 | $2,804 | $2,370 |
| Oct-20 | $3,060 | $3,941 | $2,704 | $2,325 |
| Nov-20 | $2,834 | $3,839 | $2,718 | $2,163 |
| Dec-20 | $2,658 | $3,827 | $2,600 | $2,122 |
| Jan-21 | $2,748 | $3,698 | $2,661 | $2,049 |
| Feb-21 | $2,790 | $3,767 | $2,587 | $2,048 |
| Mar-21 | $2,751 | $3,507 | $2,569 | $2,051 |
| Apr-21 | $2,742 | $3,678 | $2,599 | $2,077 |
| May-21 | $2,818 | $3,846 | $2,617 | $2,100 |
| Jun-21 | $2,958 | $3,992 | $2,573 | $2,240 |
| Jul-21 | $3,173 | $3,983 | $2,739 | $2,433 |
| Aug-21 | $3,405 | $4,101 | $2,950 | $2,541 |
| Sep-21 | $3,352 | $4,315 | $2,878 | $2,585 |
| Dec-21 | $4,046 | $4,617 | $3,014 | $2,780 |
| Mar-22 | $4,168 | $4,811 | $3,513 | $3,079 |
| Jun-22 | $4,187 | $5,475 | $3,774 | $3,103 |
| Sep-22 | $4,637 | $5,308 | $3,762 | $3,290 |
| QoQ | 10.7% | (3.1%) | (0.3%) | 6.0% |
2 Bed |
||||
| All Types | Elevator Doorman | Elevator | Walk Up | |
| Feb-20 | $5,878 | $7,138 | $4,165 | $3,242 |
| Mar-20 | $5,832 | $7,236 | $5,031 | $3,600 |
| Apr-20 | $6,118 | $7,294 | $4,882 | $3,631 |
| May-20 | $4,964 | $6,653 | $5,309 | $3,397 |
| Jun-20 | $4,876 | $6,429 | $4,551 | $3,106 |
| Jul-20 | $4,793 | $6,223 | $4,731 | $3,001 |
| Aug-20 | $4,184 | $5,793 | $4,076 | $2,864 |
| Sep-20 | $4,234 | $5,482 | $4,306 | $2,740 |
| Oct-20 | $4,301 | $5,535 | $3,754 | $2,833 |
| Nov-20 | $3,838 | $5,603 | $3,836 | $2,583 |
| Dec-20 | $3,777 | $5,677 | $3,578 | $2,570 |
| Jan-21 | $4,078 | $5,688 | $3,590 | $2,475 |
| Feb-21 | $4,100 | $5,704 | $3,421 | $2,503 |
| Mar-21 | $4,277 | $5,620 | $3,856 | $2,503 |
| Apr-21 | $4,251 | $5,879 | $3,871 | $2,481 |
| May-21 | $4,339 | $6,210 | $3,821 | $2,654 |
| Jun-21 | $4,512 | $6,321 | $3,951 | $2,698 |
| Jul-21 | $5,130 | $6,537 | $3,717 | $2,873 |
| Aug-21 | $5,628 | $6,771 | $3,965 | $2,963 |
| Sep-21 | $5,698 | $6,766 | $4,995 | $2,860 |
| Dec-21 | $6,297 | $6,544 | $5,895 | $2,898 |
| Mar-22 | $6,614 | $6,896 | $5,500 | $3,152 |
| Jun-22 | $6,524 | $8,373 | $5,712 | $4,138 |
| Sep-22 | $6,945 | $8,327 | $5,750 | $4,834 |
| QoQ | 6.5% | (0.5%) | 0.7% | 16.8% |
- The average rent in NYC for a Studio apartment in the Upper East Side is $3,182
- The average rent in NYC for a 1 Bedroom apartment in the Upper East Side is $4,637
- The average rent in NYC for a 2 Bedroom apartment in the Upper East Side is $6,945
- The average rent in NYC for a 1 Bedroom apartment in a Luxury Elevator Doorman building in the Upper East Side is $5,308
- The average rent in NYC for a 1 Bedroom apartment in an Elevator building in the Upper East Side is $3,762
- The average rent in NYC for a 1 Bedroom apartment in a Walk Up building in the Upper East Side is $3,290
Upper West Side Average Rent In NYC
(West 60th Street to West 110th Street)
Studio |
||||
| All Types | Elevator Doorman | Elevator | Walk Up | |
| Feb-20 | $3,032 | $3,032 | $2,426 | |
| Mar-20 | $2,953 | $3,010 | $2,480 | |
| Apr-20 | $2,992 | $3,024 | $2,459 | $2,095 |
| May-20 | $2,941 | $2,967 | $2,351 | |
| Jun-20 | $2,896 | $2,902 | $2,508 | |
| Jul-20 | $2,786 | $2,794 | $2,636 | $2,500 |
| Aug-20 | $2,684 | $2,698 | $2,448 | $2,500 |
| Sep-20 | $2,573 | $2,586 | $2,393 | $2,450 |
| Oct-20 | $2,531 | $2,534 | $2,555 | $2,225 |
| Nov-20 | $2,540 | $2,560 | $2,631 | $1,893 |
| Dec-20 | $2,567 | $2,590 | $2,600 | $2,171 |
| Jan-21 | $2,471 | $2,493 | $2,332 | $1,800 |
| Feb-21 | $2,524 | $2,549 | $2,168 | $1,800 |
| Mar-21 | $2,621 | $2,660 | $1,990 | $1,800 |
| Apr-21 | $2,725 | $2,774 | $2,014 | $1,850 |
| May-21 | $2,796 | $2,848 | $2,040 | $1,875 |
| Jun-21 | $2,804 | $2,846 | $2,204 | $2,015 |
| Jul-21 | $3,042 | $3,114 | $2,309 | $2,100 |
| Aug-21 | $3,313 | $3,421 | $2,300 | $2,300 |
| Sep-21 | $3,502 | $3,520 | $2,698 | $2,250 |
| Dec-21 | $3,448 | $3,472 | $2,400 | $2,450 |
| Mar-22 | $3,715 | $3,715 | $2,555 | $2,476 |
| Jun-22 | $3,684 | $3,684 | $2,950 | $2,856 |
| Sep-22 | $3,415 | $3,478 | $3,150 | $3,100 |
| QoQ | (7.3%) | (5.6%) | 6.8% | 8.5% |
1 Bed |
||||
| All Types | Elevator Doorman | Elevator | Walk Up | |
| Feb-20 | $4,095 | $4,132 | $3,182 | $2,971 |
| Mar-20 | $4,068 | $4,153 | $3,032 | $2,869 |
| Apr-20 | $3,970 | $4,002 | $3,061 | $2,899 |
| May-20 | $3,829 | $3,879 | $3,117 | $2,943 |
| Jun-20 | $3,761 | $3,814 | $2,995 | $2,829 |
| Jul-20 | $3,654 | $3,707 | $3,074 | $2,981 |
| Aug-20 | $3,563 | $3,638 | $3,005 | $3,016 |
| Sep-20 | $3,515 | $3,563 | $2,928 | $2,918 |
| Oct-20 | $3,555 | $3,608 | $2,937 | $2,866 |
| Nov-20 | $3,459 | $3,526 | $2,859 | $2,539 |
| Dec-20 | $3,438 | $3,536 | $3,014 | $2,598 |
| Jan-21 | $3,459 | $3,545 | $2,728 | $2,401 |
| Feb-21 | $3,503 | $3,591 | $2,671 | $2,349 |
| Mar-21 | $3,582 | $3,680 | $2,550 | $2,358 |
| Apr-21 | $3,723 | $3,854 | $2,728 | $2,281 |
| May-21 | $3,806 | $3,896 | $2,911 | $2,596 |
| Jun-21 | $3,950 | $4,111 | $2,918 | $2,729 |
| Jul-21 | $4,237 | $4,416 | $2,730 | $2,861 |
| Aug-21 | $4,618 | $4,720 | $2,943 | $2,923 |
| Sep-21 | $4,709 | $4,765 | $3,450 | $3,000 |
| Dec-21 | $4,688 | $4,708 | $3,500 | $3,183 |
| Mar-22 | $4,430 | $4,461 | $3,658 | $2,995 |
| Jun-22 | $4,943 | $5,021 | $3,600 | $3,499 |
| Sep-22 | $4,862 | $4,978 | $3,650 | $3,233 |
| QoQ | (1.6%) | (0.9%) | 1.4% | (7.6%) |
2 Bed |
||||
| All Types | Elevator Doorman | Elevator | Walk Up | |
| Feb-20 | $5,945 | $6,156 | $4,222 | $3,742 |
| Mar-20 | $5,616 | $6,272 | $3,852 | $3,645 |
| Apr-20 | $5,717 | $6,197 | $3,616 | $3,519 |
| May-20 | $6,340 | $6,585 | $3,832 | $3,644 |
| Jun-20 | $6,256 | $6,379 | $4,517 | $3,775 |
| Jul-20 | $5,775 | $6,063 | $3,717 | $2,944 |
| Aug-20 | $5,610 | $6,016 | $3,400 | $3,007 |
| Sep-20 | $5,367 | $5,578 | $3,838 | $3,292 |
| Oct-20 | $5,316 | $5,598 | $3,883 | $2,971 |
| Nov-20 | $5,323 | $5,734 | $3,555 | $2,588 |
| Dec-20 | $5,196 | $5,878 | $4,017 | $2,298 |
| Jan-21 | $5,542 | $5,940 | $3,937 | $2,460 |
| Feb-21 | $5,520 | $5,919 | $3,860 | $2,568 |
| Mar-21 | $5,403 | $5,835 | $3,258 | $2,501 |
| Apr-21 | $5,785 | $6,374 | $3,340 | $2,389 |
| May-21 | $6,058 | $6,706 | $3,290 | $2,606 |
| Jun-21 | $6,511 | $7,081 | $3,839 | $3,061 |
| Jul-21 | $6,721 | $7,109 | $3,887 | $3,546 |
| Aug-21 | $7,377 | $7,454 | $4,987 | $3,495 |
| Sep-21 | $6,879 | $7,045 | $4,578 | $3,400 |
| Dec-21 | $6,821 | $6,961 | $5,563 | $3,250 |
| Mar-22 | $6,941 | $7,172 | $6,100 | $3,455 |
| Jun-22 | $7,860 | $8,198 | $5,017 | $4,498 |
| Sep-22 | $7,408 | $7,408 | $5,200 | $4,100 |
| QoQ | (5.8%) | (9.6%) | 3.6% | (8.8%) |
- The average rent in NYC for a Studio apartment in the Upper West Side is $3,415
- The average rent in NYC for a 1 Bedroom apartment in the Upper West Side is $4,862
- The average rent in NYC for a 2 Bedroom apartment in the Upper West Side is $7,408
- The average rent in NYC for a 1 Bedroom apartment in a Luxury Elevator Doorman building in the Upper West Side is $4,978
- The average rent in NYC for a 1 Bedroom apartment in an Elevator building in the Upper West Side is $3,650
- The average rent in NYC or a 1 Bedroom apartment in a Walk Up building in the Upper West Side is $3,233
Upper Manhattan Average Rent In NYC
(North of East 96th and North of West 110th Street)
Studio |
||||
| All Types | Elevator Doorman | Elevator | Walk Up | |
| Feb-20 | $2,493 | $2,493 | $2,609 | $1,950 |
| Mar-20 | $2,394 | $2,459 | $2,437 | $1,877 |
| Apr-20 | $2,340 | $2,763 | $1,983 | $1,878 |
| May-20 | $2,475 | $2,733 | $1,817 | $1,828 |
| Jun-20 | $2,965 | $3,194 | $1,821 | $2,025 |
| Jul-20 | $2,447 | $2,856 | $1,796 | $1,915 |
| Aug-20 | $2,212 | $2,704 | $1,843 | $1,747 |
| Sep-20 | $2,399 | $2,534 | $2,170 | $1,818 |
| Oct-20 | $2,266 | $2,393 | $2,111 | $1,892 |
| Nov-20 | $2,026 | $2,124 | $1,840 | $1,802 |
| Dec-20 | $2,071 | $2,203 | $1,833 | $1,709 |
| Jan-21 | $1,915 | $1,987 | $1,802 | $1,842 |
| Feb-21 | $1,998 | $2,128 | $1,795 | $1,724 |
| Mar-21 | $2,163 | $2,384 | $1,812 | $1,610 |
| Apr-21 | $2,192 | $2,449 | $1,742 | $1,708 |
| May-21 | $2,078 | $2,431 | $1,667 | $1,690 |
| Jun-21 | $2,441 | $2,707 | $2,114 | $1,735 |
| Jul-21 | $2,234 | $2,450 | $2,153 | $1,848 |
| Aug-21 | $2,160 | $2,334 | $2,079 | $1,690 |
| Sep-21 | $2,291 | $2,454 | $2,186 | $1,595 |
| Dec-21 | $2,420 | $2,600 | $1,852 | $1,823 |
| Mar-22 | $2,612 | $2,803 | $1,783 | $1,900 |
| Jun-22 | $2,853 | $3,107 | $2,575 | $2,401 |
| Sep-22 | $2,791 | $2,841 | $2,704 | $2,210 |
| QoQ | (2.2%) | (8.6%) | 5.0% | (8.0%) |
1 Bed |
||||
| All Types | Elevator Doorman | Elevator | Walk Up | |
| Feb-20 | $3,123 | $3,348 | $2,181 | $2,079 |
| Mar-20 | $3,027 | $3,711 | $2,140 | $2,174 |
| Apr-20 | $3,070 | $3,697 | $2,177 | $2,048 |
| May-20 | $3,087 | $3,664 | $2,240 | $2,206 |
| Jun-20 | $2,925 | $3,674 | $2,198 | $2,087 |
| Jul-20 | $3,056 | $3,683 | $2,250 | $2,078 |
| Aug-20 | $2,868 | $3,540 | $2,363 | $1,939 |
| Sep-20 | $2,835 | $3,188 | $2,225 | $2,023 |
| Oct-20 | $2,696 | $2,968 | $2,308 | $1,938 |
| Nov-20 | $2,534 | $2,935 | $2,290 | $1,899 |
| Dec-20 | $2,569 | $3,005 | $2,232 | $1,848 |
| Jan-21 | $2,609 | $3,003 | $2,171 | $1,878 |
| Feb-21 | $2,567 | $3,079 | $2,142 | $1,889 |
| Mar-21 | $2,640 | $3,179 | $2,159 | $1,903 |
| Apr-21 | $2,607 | $3,226 | $2,158 | $1,879 |
| May-21 | $2,560 | $3,215 | $2,097 | $2,042 |
| Jun-21 | $2,507 | $3,414 | $2,075 | $2,051 |
| Jul-21 | $2,418 | $3,294 | $2,088 | $2,104 |
| Aug-21 | $2,763 | $4,151 | $2,153 | $2,111 |
| Sep-21 | $3,010 | $4,418 | $2,224 | $2,323 |
| Dec-21 | $3,193 | $3,673 | $2,233 | $2,168 |
| Mar-22 | $3,218 | $3,409 | $2,290 | $2,398 |
| Jun-22 | $3,258 | $3,339 | $2,745 | $2,321 |
| Sep-22 | $3,206 | $3,346 | $2,592 | $2,178 |
| QoQ | (1.6%) | 0.2% | (5.6%) | (6.2%) |
2 Bed |
||||
| All Types | Elevator Doorman | Elevator | Walk Up | |
| Feb-20 | $4,377 | $4,906 | $3,843 | $2,594 |
| Mar-20 | $3,876 | $5,006 | $3,060 | $2,835 |
| Apr-20 | $4,219 | $5,222 | $2,871 | $2,384 |
| May-20 | $3,910 | $4,659 | $3,163 | $2,548 |
| Jun-20 | $3,792 | $4,530 | $2,796 | $2,467 |
| Jul-20 | $3,569 | $5,040 | $2,872 | $2,641 |
| Aug-20 | $3,516 | $4,949 | $2,968 | $2,561 |
| Sep-20 | $3,447 | $4,251 | $2,992 | $2,614 |
| Oct-20 | $3,169 | $4,241 | $2,838 | $2,444 |
| Nov-20 | $3,057 | $4,056 | $2,815 | $2,393 |
| Dec-20 | $3,040 | $4,315 | $2,668 | $2,213 |
| Jan-21 | $3,185 | $4,439 | $2,800 | $2,300 |
| Feb-21 | $3,141 | $4,558 | $2,758 | $2,250 |
| Mar-21 | $2,923 | $4,755 | $2,655 | $2,193 |
| Apr-21 | $2,864 | $4,383 | $2,555 | $2,217 |
| May-21 | $2,915 | $4,682 | $2,598 | $2,323 |
| Jun-21 | $2,938 | $4,261 | $2,704 | $2,424 |
| Jul-21 | $2,826 | $4,824 | $2,606 | $2,404 |
| Aug-21 | $3,042 | $6,021 | $2,602 | $2,426 |
| Sep-21 | $3,431 | $5,904 | $2,575 | $2,564 |
| Dec-21 | $3,341 | $5,087 | $2,540 | $2,575 |
| Mar-22 | $3,500 | $5,097 | $2,641 | $2,482 |
| Jun-22 | $3,581 | $5,882 | $2,568 | $2,142 |
| Sep-22 | $3,498 | $5,061 | $3,310 | $2,562 |
| QoQ | (2.3%) | (14.0%) | 28.9% | 19.6% |
- The average rent in NYC for a Studio apartment in Upper Manhattan is $2,791
- The average rent in NYC for a 1 Bedroom apartment in Upper Manhattan is $3,206
- The average rent in NYC for a 2 Bedroom apartment in Upper Manhattan is $3,498
- The average rent in NYC for a 1 Bedroom apartment in a Luxury Elevator Elevator building in Upper Manhattan is $3,346
- The average rent in NYC for a 1 Bedroom apartment in an Elevator building in Upper Manhattan is $2,592
- The average rent in NYC for a 1 Bedroom apartment in a Walk Up building in Upper Manhattan is $2,178
How Transparentcity Collects Average Rent in NYC Data
A frequently asked question is how much does an apartment cost in NYC? The apartment cost in NYC is highly dependent on the neighborhood and size. Our figures are calculated based on aggregated listings data acquired directly from NYC management company websites. Listings data only includes management company market-rate apartment availabilities and does not include broker listings. If you are in the market to rent an apartment in NYC and want to rent directly from management companies to save on fees, go to Transparentcity for a full list of no-fee apartment buildings.
Average Rent In NYC Grouped By Neighborhood
- Downtown Manhattan (South of 14th Street)
- Midtown Manhattan (14th Street to 59th Street)
- Upper East Side (East 60th Street to East 96th Street)
- Upper West Side (West 60th Street to West 110th Street)
- Upper Manhattan (North of East 96th Street and North of West 110th Street)
Average Rent In NYC Grouped By Bedroom Size And Building Type
Within each Neighborhood, the Average Rent in NYC is further divided by Building Types, which fit into 3 categories:
- 'Luxury' Elevator Doorman
- Elevator
- Walk Up
Notable Average Rent In NYC Statistics
Common questions related to NYC rent include: how much is an apartment in New York City? How much does an apartment cost in NYC? The average rent price in NYC for a market-rate walk-up apartment is well below the overall city average, which effectively paints a different picture of NYC rent affordability. However, the supply of walk-up apartments is very low relative to luxury apartments. There is roughly a 7:1 listings ratio of Elevator Doorman apartments to Walk Up apartments at any given time. Days on market for walk-up apartments move quicker which shows how high in demand they are and how quickly apartments move at lower price points even in times of Covid. Looking for one of these hidden gems? Here is an active list of Walk-Up Apartments for rent.
The vast majority of apartment availabilities in NYC are in Luxury Elevator Doorman buildings which is why overall average rent prices in NYC are skewed much higher. Do you have the budget and want to live in one of these luxury apartment buildings? Here is an active list of Luxury Doorman Elevator buildings for rent. There are plenty of options to choose from.
Past Commentary
March 2022 commentary: Average rent throughout all regions of Manhattan for all types of rental apartments has now surpassed pre-pandemic levels as the inventory of the number of available apartments continues to decrease. However, there are signals of slowing as we are now seeing single-digit increases compared to double-digit percentage increases prior.
July 2021 commentary: Average rent in Manhattan showed the highest acceleration in price increases during the early summer months since the December bottom. Rent prices showed quarter-over-quarter percentage increases across all regions.
May 2021 commentary: Average rent in Manhattan continues to increase gradually even though the last couple of months have shown signs of the increase slightly leveling out. Summer months when the rental market is generally hot may continue to push rent prices upwards. There are no signs of the rental market falling back to December lows.
March 2021 commentary: Based on the data, the Manhattan rental market seems to have bottomed out. There are signs of price increases for both walk-ups and luxury apartments across all neighborhoods. Even Midtown Manhattan, which was the hardest hit, showed an increase in prices. For anyone who has been thinking about moving into a new apartment and wanted to wait until signs of a bottom before making the decision, these next few months would be the time to take advantage of any concessions that are still being offered as the market may not move much lower.
January 2021 commentary: Based on the data, the Upper West Side is showing the most strength where prices are starting to edge higher. Rent prices in Downtown Manhattan, Upper Manhattan, and the Upper East Side are showing signs of bottoming out. Rent prices in Midtown Manhattan however continue to fall.
November 2020 commentary: The fall months have picked up right where the summer left off with Property Managers continuing to drop listing prices while also offering renter incentives. While the month's free rent continues to stay relatively flat, offers continue to be in the 2-4 months range, and listing prices throughout the fall season are lower than they were in the summer months.
Based on the data, out of the different Manhattan neighborhoods, average rent prices for Lower Manhattan look as if it is still on a downward trajectory with more room to move lower. Meanwhile, the Upper West Side looks like it could potentially be the first one to bottom out as the month-over-month percentages are showing signs of stabilization relative to the other areas.
August 2020 commentary: Summer months traditionally are considered the busy season for NYC rental apartments where both prices and turnover are normally at their highest. However, the data is showing that the 2020 summer brought the steepest drop in rent prices since the pandemic started showing another 10% drop in June. Property managers have either slashed listing prices, increased renter incentives such as months free or done both in order to adjust to the weaker demand.
There is one sign of the rental market leveling out and that is based on the number of property manager rental listings that are available. The number of available listings for the months of July and August seems to have leveled out at 8,000 a month which potentially is a sign of the supply bottoming out based on current prices. This is compared to previous months when there was a drastic spike in the number of listings available month over month since the pandemic began. Should the number of available listings continue to cycle through over the next couple of months at the current prices without another influx of rental inventory, we may be seeing a bottom in prices as well.
June 2020 commentary: Based on May and June's rental listings data, the data is definitively showing that rental prices have gone down due to Covid-19 by a range of 5% - 15% depending on the neighborhood. In our previous analysis of March and April data where data showed relatively flat price fluctuations but increased inventory levels, that increase in rental inventory is starting to see price drops where property managers have started lowering listing prices each week a rental unit stays on the market. Those price drops are also coinciding with new inventory coming in making it a renters market for those who can afford it and are in the market. It is especially a renters market for those fortunate to be looking at the higher-end luxury doorman elevator buildings where both inventory levels and price drops continue to increase.
April 2020 commentary: The number one question on every NYC renter's mind during this time is 'will rental prices go down in NYC due to the Coronavirus'? Renters who are looking to move to a new place or negotiating their lease renewals are scouring the web for any signs of a 'good deal' for their next apartment. We hate to be the bearer of bad news for those renters waiting for the signs but unfortunately, based on rental data for March 2020 and April 2020, rental prices have not meaningfully gone down as hoped due to Covid-19. There was a dip in rental prices in March but then a slight uptick in April bringing prices back to pre Coronavirus levels. Prices have stayed relatively flat. However, the data is showing an increased inventory level in the luxury rental market which means there is a higher possibility of price drops or rental concessions in the coming months if those inventory levels continue to increase over the next few months.