The average rental price for a non-doorman studio unit fell by 2.81%, from $2,229 to $2,166. Sort by: Newest. $4,495+ 1 bd; $9,500 2 bds; $10,500 3 bds; 91 days ago. Verified Source Payment (High to Low) Payment (Low to High) Newest Bedrooms Bathrooms Square Feet Lot Size. The average size for a Manhattan, NY apartment is 703 square feet, but this number varies greatly depending on unit type, with cheap and luxury alternatives for houses and apartments alike. As of October 2020, average rent for an apartment in Manhattan, KS is $814 which is a 1.23% decrease from last year when the average rent was $824 , and a 0.25% decrease from last month when the average rent was $816. The most expensive neighborhoods in Manhattan are Battery Park City ($5,605), Little Italy ($5,607) and TriBeCa ($5,607). Over the last month, the average rental price in Manhattan decreased by 1.91%, from $3,612 to $3,543. That number is even more shocking considering that the average size for a Manhattan apartment is only 703 square feet. The average rent for an apartment in Manhattan is $4,208, a 2% increase compared to the previous year. The cost of living in NYC is notoriously high — the average rent of a Manhattan apartment is $3,667. The most affordable neighborhoods in Manhattan are Marble Hill, where the average rent goes for $1,708/month, Washington Heights, where renters pay $2,284/mo on average, and Inwood, where the average rent goes for $2,375/mo. Studio apartments are the smallest and most affordable, 1-bedroom apartments are closer to the average, while 2-bedroom apartments and 3-bedroom apartments offer a more generous square footage. And while the NYC rental market has seen declining prices this year, the average rent for an apartment in Manhattan remains exorbitant at $US3,667 – a 10% decrease compared to $US4,085 the previous year. At the center of it all is New York City‘s high-cost housing market. To put things in perspective, that’s only a few hundred dollars shy of the typical US worker’s average monthly income of $US3,895. 448 W 46th St, New York, NY. Rent trend data in New York, New York New York Average Rent. When referencing the data published on this page, please keep in mind that the data provided here may not accurately depict the current reality of the market. Battery Park City rent is 33% higher than Manhattan average, Carnegie Hill rent is 6% higher than Manhattan average, For more information about the Manhattan rental trends, check out our monthly rent report. Follow Business Insider Australia on Facebook, Twitter, LinkedIn, and Instagram. Even then, some neighbourhoods in Manhattan are notoriously more expensive than others. As of October 2020, average rent for an apartment in New York, NY is $3074 which is a 14.48% decrease from last year when the average rent was $3519 , and a 5.01% decrease from last month when the average rent was $3228. 10 Little West St, New York, NY. In About-Face, UK Will Not Allow Huawei To Be Involved In Any Part Of... Universal Orlando Parks Will Reopen June 5 Despite Risk Of... Pro-Privacy Lawmakers Secure A Vote To Protect Browsing Data From... Jurassic World: Dominion Is Definitely Not The Planned End Of The... White Twitch Talk Show Host Finally Drops 'Rajj Patel' Moniker, Everything We Know About The PlayStation 5. One bedrooms situated in “hot” areas, those with a doorman, or those equipped with lots of facilities are the ones that typically veer closer to the $3,500 mark. The average asking rent for Class A office space in Midtown Manhattan was 88.27 U.S. dollars per square foot in the third quarter of 2020.