MANHATTAN RENTAL MARKET REPORT
MANHATTAN RENTAL MARKET REPORT ARCHIVE
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introduction
THE AVERAGE RENT IN MANHATTAN HAS INCREASED THIS MONTH.
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CHANGE
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$5,057FEBRUARY 2026
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$5,101MARCH 2026
A QUICK LOOK
Over the last month, the average rental price in Manhattan increased by 0.86%, from $5,057 to $5,101. The average rental price for a non-doorman studio unit increased by 2.81%, from $3,142 to $3,230. The average rental price for a non-doorman one-bedroom unit increased by 1.87%, from $4,135 to $4,212. The average rental price for a non-doorman two-bedroom unit increased by 1.89%, from $5,368 to $5,469. The average rental price for a doorman studio unit increased by 1.33%, from $4,215 to $4,271. The average rental price for a one-bedroom doorman unit increased by 1.71%, from $5,609 to $5,705. The average rental price for a doorman two-bedroom unit increased by 0.19%, from $7,290 to $7,304.
Year-over-year, the average rental price for a non-doorman studio increased by 10.55%, and the average rental price for a doorman studio increased by 2.05%. The average rental price for a non-doorman one-bedroom unit increased by 8.79%, and doorman one-bedroom units saw their average rental price increase by 3.23%. The average rental price for a non-doorman two-bedroom unit increased by 8.47%, while the average rental price for doorman two-bed room units increased by 3.78%. Overall, the average rental price in Manhattan increased by 4.72% from this time last year.
NOTABLE TRENDS
| TYPE | MOST EXPENSIVE | LEAST EXPENSIVE |
|---|---|---|
| Non-doorman studios | Gramercy $4,113 | Harlem $2,377 |
| Non-doorman one bedrooms | Financial District $5,363 | Washington Heights/ Inwood $2,602 |
| Non-doorman two bedrooms | TriBeCa $9,248 | Washington Heights/ Inwood $3,044 |
| TYPE | MOST EXPENSIVE | LEAST EXPENSIVE |
|---|---|---|
| Doorman studios | Greenwich Village $5,256 | Washington Heights/ Inwood $2,957 |
| Doorman one bedrooms | SoHo $7,567 | Washington Heights/ Inwood $3,197 |
| Doorman two bedrooms | Gramercy $8,748 | Washington Heights/ Inwood $4,305 |
WHERE PRICES DECREASED
BATTERY PARK CITY
Doorman One-Bedroom -2.80%
Doorman Two-Bedroom -1.13%
CHELSEA
Non-Doorman One-Bedroom -10.74%
EAST VILLAGE
Non-Doorman Studios -3.30%
Non-Doorman One-Bedroom -0.47%
Non-Doorman Two-Bedroom -0.77%
Doorman Studios -3.13%
Doorman One-Bedroom -1.61%
FINANCIAL DISTRICT
Non-Doorman Two-Bedroom -1.56%
Doorman Two-Bedroom -0.03%
GREENWICH VILLAGE
Doorman One-Bedroom -3.56%
HARLEM
Non-Doorman Two-Bedroom -3.25%
Doorman Two-Bedroom -2.98%
LOWER EAST SIDE
Doorman Two-Bedroom -3.49%
MIDTOWN EAST
Doorman Studios -6.24%
Doorman Two-Bedroom -3.10%
MIDTOWN WEST
Non-Doorman One-Bedroom -4.36%
SOHO
Non-Doorman Studios -0.75%
TRIBECA
Non-Doorman One-Bedroom -2.48%
Non-Doorman Two-Bedroom -2.66%
Doorman Studios -2.73%
Doorman Two-Bedroom -2.54%
UPPER EAST SIDE
Non-Doorman Two-Bedroom -1.89%
Doorman One-Bedroom -3.86%
Doorman Two-Bedroom -3.21%
UPPER WEST SIDE
Non-Doorman Studios -3.17%
Non-Doorman One-Bedroom -2.48%
Non-Doorman Two-Bedroom -3.01%
WASHINGTON HEIGHTS / INWOOD
Non-Doorman One-Bedroom -1.96%
Doorman Two-Bedroom -4.00%
WHERE PRICES INCREASED
BATTERY PARK CITY
Doorman Studios 2.26%
CHELSEA
Non-Doorman Studios 0.27%
Non-Doorman Two-Bedroom 1.67%
Doorman Studios 3.51%
Doorman One-Bedroom 1.63%
Doorman Two-Bedroom 0.60%
EAST VILLAGE
Doorman Two-Bedroom 2.54%
FINANCIAL DISTRICT
Non-Doorman Studios 0.00%
Non-Doorman One-Bedroom 6.28%
Doorman Studios 1.51%
Doorman One-Bedroom 2.65%
GRAMERCY
Non-Doorman Studios 3.83%
Non-Doorman One-Bedroom 10.24%
Non-Doorman Two-Bedroom 3.08%
Doorman Studios 2.92%
Doorman One-Bedroom 3.29%
Doorman Two-Bedroom 2.94%
GREENWICH VILLAGE
Non-Doorman Studios 2.10%
Non-Doorman One-Bedroom 1.49%
Non-Doorman Two-Bedroom 8.70%
Doorman Studios 7.31%
Doorman Two-Bedroom 7.72%
HARLEM
Non-Doorman Studios 3.11%
Non-Doorman One-Bedroom 3.11%
Doorman Studios 6.04%
Doorman One-Bedroom 3.95%
LOWER EAST SIDE
Non-Doorman Studios 8.61%
Non-Doorman One-Bedroom 9.15%
Non-Doorman Two-Bedroom 5.63%
Doorman Studios 0.84%
Doorman One-Bedroom 3.92%
MIDTOWN EAST
Non-Doorman Studios 2.02%
Non-Doorman One-Bedroom 7.14%
Non-Doorman Two-Bedroom 11.23%
Doorman One-Bedroom 2.18%
MIDTOWN WEST
Non-Doorman Studios 0.89%
Non-Doorman Two-Bedroom 2.57%
Doorman Studios 0.36%
Doorman One-Bedroom 3.92%
Doorman Two-Bedroom 3.91%
MURRAY HILL
Non-Doorman Studios 4.07%
Non-Doorman One-Bedroom 4.28%
Non-Doorman Two-Bedroom 2.27%
Doorman Studios 1.27%
Doorman One-Bedroom 2.18%
Doorman Two-Bedroom 0.51%
SOHO
Non-Doorman One-Bedroom 6.01%
Non-Doorman Two-Bedroom 5.48%
Doorman Studio 0.00%
Doorman One-Bedroom 8.87%
Doorman Two-Bedroom 0.00%
TRIBECA
Non-Doorman Studios 0.00%
Doorman One-Bedroom 3.63%
UPPER EAST SIDE
Non-Doorman Studios 0.18%
Non-Doorman One-Bedroom 2.91%
Doorman Studios 2.37%
UPPER WEST SIDE
Doorman Studios 2.28%
Doorman One-Bedroom 0.99%
Doorman Two-Bedroom 2.13%
WASHINGTON HEIGHTS / INWOOD
Non-Doorman Studios 1.04%
Non-Doorman Two-Bedroom 2.79%
Doorman Studios 3.40%
Doorman One-Bedroom 2.09%
MANHATTAN AVERAGE PRICE
MANHATTAN AVERAGE PRICE
MANHATTAN AVERAGE PRICE
A QUICK LOOK
year over year PRICE CHANGE BY NEIGHBORHOOD
YEAR OVER YEAR Price change
MANHATTAN RENTS: MARCH 2025 VS. MARCH 2026
| TYPE | MARCH 2025 | MARCH 2026 | CHANGE |
|---|---|---|---|
| Non-doorman studios | $2,922 | $3,230 | 10.55% |
| Non-doorman one bedrooms | $3,872 | $4,212 | 8.79% |
| Non-doorman two bedrooms | $5,042 | $5,469 | 8.47% |
| TYPE | MARCH 2025 | MARCH 2026 | CHANGE |
|---|---|---|---|
| Doorman studios | $4,185 | $4,271 | 2.05% |
| Doorman one bedrooms | $5,526 | $5,705 | 3.23% |
| Doorman two bedrooms | $7,038 | $7,304 | 3.78% |
MANHATTAN PRICE TRENDS
BATTERY PARK CITY PRICE TRENDS
THE AVERAGE RENTAL PRICE IN BATTERY PARK CITY SLIGHTLY DECREASED BY JUST 0.83%.
CHELSEA PRICE TRENDS
MONTH-OVER-MONTH, AVERAGE DOORMAN RENTAL PRICES HAVE INCREASED BY 1.64%, WHILE NON-DOORMAN RENTS DECREASED BY 3.02%.
EAST VILLAGE PRICE TRENDS
DOORMAN RENTS SLIGHTLY DECREASED THIS PAST MONTH BY JUST 0.34%, AND NON-DOORMAN RENTS DECREASED BY 1.23%.
FINANCIAL DISTRICT PRICE TRENDS
THE AVERAGE RENTAL DOORMAN PRICE INCREASED THIS PAST MONTH BY 1.18%, AND NON-DOORMAN RENTS INCREASED BY 1.84%.
GRAMERCY PARK PRICE TRENDS
THIS PAST MONTH, THE AVERAGE DOORMAN RENTS INCREASED BY 3.05%, AND NON-DOORMAN RENTS INCREASED BY 5.48%.
GREENWICH VILLAGE PRICE TRENDS
DOORMAN RENTS INCREASED BY 3.51% THIS PAST MONTH, AND NON-DOORMAN RENTS INCREASED BY 4.64%.
HARLEM PRICE TRENDS
MONTH-OVER-MONTH, DOORMAN RENTS INCREASED BY 1.71%, AND NON-DOORMAN RENTS SLIGHTLY INCREASED BY JUST 0.52%.
LOWER EAST SIDE PRICE TRENDS
AVERAGE DOORMAN RENTS SLIGHTLY DECREASED BY JUST 0.04% SINCE LAST MONTH, WHILE NON-DOORMAN RENTS INCREASED BY 7.62%.
MIDTOWN EAST PRICE TRENDS
FOR THE MONTH OF MARCH, DOORMAN RENTS DECREASED BY 2.19%, WHILE NON-DOORMAN RENTS INCREASED BY 7.34%.
MIDTOWN WEST PRICE TRENDS
THIS PAST MONTH, THE AVERAGE DOORMAN RENTS INCREASED BY 3.03%, WHILE NON-DOORMAN RENTS SLIGHTLY DECREASED BY JUST 0.04%.
MURRAY HILL PRICE TRENDS
FOR THE MONTH OF MARCH, AVERAGE RENTAL PRICES FOR DOORMAN RENTS INCREASED BY 1.23%, AND NON-DOORMAN RENTS INCREASED BY 3.37%.
SOHO PRICE TRENDS
OVER THE PAST MONTH, THE AVERAGE RENTAL PRICE FOR A DOORMAN UNIT INCREASED BY 8.87%, AND NON-DOORMAN RENTS INCREASED BY 4.08%.
TRIBECA PRICE TRENDS
THIS PAST MONTH, THE AVERAGE RENTAL PRICE FOR A DOORMAN UNIT SLIGHTLY DECREASED BY JUST 0.49%, AND NON-DOORMAN RENTS DECREASED BY 2.60%.
UPPER EAST SIDE PRICE TRENDS
MONTH-OVER-MONTH, AVERAGE DOORMAN RENTAL PRICES HAVE DECREASED BY 2.11%, WHILE NON-DOORMAN RENTS SLIGHTLY INCREASED BY JUST 0.17%.
UPPER WEST SIDE PRICE TRENDS
AVERAGE DOORMAN RENTS THIS MONTH HAVE INCREASED BY 1.79%, WHILE NON-DOORMAN RENTS DECREASED BY 2.86%.
WASHINGTON HEIGHTS / INWOOD
AVERAGE DOORMAN RENTS THIS MONTH HAVE SLIGHTLY DECREASED BY JUST 0.16%, WHILE NON-DOORMAN RENTS SLIGHTLY INCREASED BY JUST 0.69%.
THE REPORT EXPLAINED
THE MANHATTAN RENTAL MARKET REPORT COMPARES FLUCTUATION IN THE CITY’S RENTAL DATA ON A MONTHLY BASIS. IT IS AN ESSENTIAL TOOL FOR POTENTIAL RENTERS SEEKING TRANSPARENCY IN THE NYC APARTMENT MARKET AND A BENCHMARK FOR LANDLORDS TO EFFICIENTLY AND FAIRLY ADJUST INDIVIDUAL PROPERTY RENTS IN MANHATTAN.
The Manhattan Rental Market Report is based on data cross-sectioned from over 10,000 currently available listings located below 125th Street and priced under $10,000, with ultra-luxury property omitted to obtain a true monthly rental average. Our data is aggregated from the MNS proprietary database and sampled from a specific mid-month point to record current rental rates offered by landlords during that particular month. It is then combined with information from the REBNY Real Estate Listings Source (RLS), OnLine Residential (OLR. com) and R.O.L.E.X. (Real Plus).
Author: MNS has been helping Manhattan & Brooklyn landlords and renters navigate the rental market since 1999. From large companies to individuals, MNS tailors services to meet your needs. Contact us today to see how we can help.
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Note: All market data is collected
and compiled by MNS’s marketing department. The information presented here is intended for instructive purposes only and has been gathered from sources deemed reliable, though it may be subject to errors, omissions, changes or withdrawal without notice.
If you would like to republish this report on the web, please be sure to source it as the “Manhattan Rental Market Report” with a link back to its original location.
