MANHATTAN RENTAL MARKET REPORT
MANHATTAN RENTAL MARKET REPORT ARCHIVE
sign up for rental Market reports to be sent to your email
TABLE OF CONTENTS
JUMP TO A PARTICULAR SECTION
introduction
THE AVERAGE RENT IN MANHATTAN HAS DECREASED THIS MONTH.
-
CHANGE
-
$5,369JULY 2026
-
$5,366AUGUST 2026
A QUICK LOOK
Over the last month, the average rental price in Manhattan decreased by 0.06%, from $5,369 to $5,366. The average rental price for a non-doorman studio unit increased by 0.96%, from $3,346 to $3,378. The average rental price for a non-doorman one-bedroom unit increased by 1.53%, from $4,375 to $4,442. The average rental price for a non-doorman two-bedroom unit decreased by 0.37%, from $5,810 to $5,789. The average rental price for a doorman studio unit increased by 0.67%, from $4,501 to $4,531. The average rental price for a one-bedroom doorman unit decreased by 0.50%, from $6,035 to $6,005. The average rental price for a doorman two-bedroom unit decreased by 1.12%, from $7,724 to $7,637.
Year-over-year, the average rental price for a non-doorman studio increased by 4.68%, and the average rental price for a doorman studio increased by 2.75%. The average rental price for a non-doorman one-bedroom unit increased by 5.13%, and doorman one-bedroom units saw their average rental price increase by 2.34%. The average rental price for a non-doorman two-bedroom unit increased by 6.49%, while the average rental price for doorman two-bed room units increased by 2.71%. Overall, the average rental price in Manhattan increased by 3.14% from this time last year.
NOTABLE TRENDS
| TYPE | MOST EXPENSIVE | LEAST EXPENSIVE |
|---|---|---|
| Non-doorman studios | Greenwich Village $4,175 | Washington Heights/ Inwood $2,557 |
| Non-doorman one bedrooms | TriBeCa $6,095 | Harlem $3,121 |
| Non-doorman two bedrooms | TriBeCa $9,295 | Washington Heights/ Inwood $3,520 |
| TYPE | MOST EXPENSIVE | LEAST EXPENSIVE |
|---|---|---|
| Doorman studios | SoHo $6,773 | Washington Heights/ Inwood $3,183 |
| Doorman one bedrooms | SoHo $8,774 | Washington Heights/ Inwood $3,348 |
| Doorman two bedrooms | Greenwich Village $9,248 | Washington Heights/ Inwood $4,925 |
WHERE PRICES DECREASED
BATTERY PARK CITY
Doorman Studios -0.05%
Doorman Two-Bedroom -2.58%
CHELSEA
Non-Doorman One-Bedroom -4.18%
Non-Doorman Two-Bedroom -1.31%
Doorman Studios -0.89%
Doorman Two-Bedroom -1.66%
EAST VILLAGE
Non-Doorman Two-Bedroom -6.10%
Doorman Studios -2.57%
FINANCIAL DISTRICT
Doorman One-Bedroom -2.79%
Doorman Two-Bedroom -3.88%
GRAMERCY
Non-Doorman Two-Bedroom -0.62%
Doorman Two-Bedroom -3.61%
GREENWICH VILLAGE
Doorman Two-Bedroom -0.92%
HARLEM
Non-Doorman Studios -4.70%
Non-Doorman One-Bedroom -0.85%
Non-Doorman Two-Bedroom -3.65%
Doorman One-Bedroom -6.93%
Doorman Two-Bedroom -6.31%
LOWER EAST SIDE
Non-Doorman Studios -6.24%
Doorman One-Bedroom -0.98%
MIDTOWN EAST
Non-Doorman Studios -2.25%
Non-Doorman One-Bedroom -4.39%
Non-Doorman Two-Bedroom -4.10%
Doorman Studios -4.89%
Doorman One-Bedroom -4.46%
Doorman Two-Bedroom -2.40%
MIDTOWN WEST
Non-Doorman Studios -3.97%
MURRAY HILL
Non-Doorman Studios -0.63%
Non-Doorman One-Bedroom -1.41%
Non-Doorman Two-Bedroom -2.52%
Doorman Studios -2.71%
Doorman One-Bedroom -1.98%
Doorman Two-Bedroom -2.44%
SOHO
Non-Doorman Two-Bedroom -1.05%
TRIBECA
Non-Doorman Two-Bedroom -5.15%
Doorman Two-Bedroom -4.20%
UPPER EAST SIDE
Non-Doorman Studios -2.45%
Doorman Studios -1.82%
Doorman One-Bedroom -2.19%
UPPER WEST SIDE
Doorman Studios -2.09%
Doorman One-Bedroom -1.62%
Doorman Two-Bedroom -1.56%
WASHINGTON HEIGHTS / INWOOD
Doorman One-Bedroom -0.18%
Doorman Two-Bedroom -4.01%
WHERE PRICES INCREASED
BATTERY PARK CITY
Doorman One-Bedroom 0.12%
CHELSEA
Non-Doorman Studios 0.57%
Doorman One-Bedroom 1.54%
EAST VILLAGE
Non-Doorman Studios 3.35%
Non-Doorman One-Bedroom 5.46%
Doorman One-Bedroom 1.66%
Doorman Two-Bedroom 1.42%
FINANCIAL DISTRICT
Non-Doorman Studios 8.58%
Non-Doorman One-Bedroom 4.75%
Non-Doorman Two-Bedroom 3.76%
Doorman Studios 1.88%
GRAMERCY
Non-Doorman Studios 4.04%
Non-Doorman One-Bedroom 2.25%
Doorman Studios 1.88%
Doorman One-Bedroom 0.55%
GREENWICH VILLAGE
Non-Doorman Studios 7.37%
Non-Doorman One-Bedroom 0.89%
Non-Doorman Two-Bedroom 0.65%
Doorman Studios 6.06%
Doorman One-Bedroom 0.76%
HARLEM
Doorman Studios 4.30%
LOWER EAST SIDE
Non-Doorman One-Bedroom 0.29%
Non-Doorman Two-Bedroom 1.93%
Doorman Studios 0.37%
Doorman Two-Bedroom 8.48%
MIDTOWN WEST
Non-Doorman One-Bedroom 4.07%
Non-Doorman Two-Bedroom 4.04%
Doorman Studios 1.60%
Doorman One-Bedroom 0.34%
Doorman Two-Bedroom 2.82%
SOHO
Non-Doorman Studios 3.62%
Non-Doorman One-Bedroom 4.49%
Doorman Studio 2.69%
Doorman One-Bedroom 2.02%
Doorman Two-Bedroom 0.00%
TRIBECA
Non-Doorman Studios 0.00%
Non-Doorman One-Bedroom 2.52%
Doorman Studios 2.81%
Doorman One-Bedroom 2.03%
UPPER EAST SIDE
Non-Doorman One-Bedroom 2.90%
Non-Doorman Two-Bedroom 5.30%
Doorman Two-Bedroom 0.95%
UPPER WEST SIDE
Non-Doorman Studios 1.60%
Non-Doorman One-Bedroom 3.33%
Non-Doorman Two-Bedroom 7.66%
WASHINGTON HEIGHTS / INWOOD
Non-Doorman Studios 2.04%
Non-Doorman One-Bedroom 2.30%
Non-Doorman Two-Bedroom 0.90%
Doorman Studios 2.87%
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: AUGUST 2025 VS. AUGUST 2026
| TYPE | AUGUST 2025 | AUGUST 2026 | CHANGE |
|---|---|---|---|
| Non-doorman studios | $3,227 | $3,378 | 4.68% |
| Non-doorman one bedrooms | $4,225 | $4,442 | 5.13% |
| Non-doorman two bedrooms | $5,436 | $5,789 | 6.49% |
| TYPE | AUGUST 2025 | AUGUST 2026 | CHANGE |
|---|---|---|---|
| Doorman studios | $4,410 | $4,531 | 2.75% |
| Doorman one bedrooms | $5,868 | $6,005 | 2.34% |
| Doorman two bedrooms | $7,436 | $7,637 | 2.71% |
MANHATTAN PRICE TRENDS
BATTERY PARK CITY PRICE TRENDS
THE AVERAGE RENTAL PRICE IN BATTERY PARK CITY DECREASED BY 1.08%.
CHELSEA PRICE TRENDS
MONTH-OVER-MONTH, AVERAGE DOORMAN RENTAL PRICES HAVE SLIGHTLY DECREASED BY JUST 0.47%, AND NON-DOORMAN RENTS DECREASED BY 1.75%.
EAST VILLAGE PRICE TRENDS
DOORMAN RENTS SLIGHTLY INCREASED THIS PAST MONTH BY JUST 0.51%, WHILE NON-DOORMAN RENTS SLIGHTLY DECREASED BY JUST 0.07%.
FINANCIAL DISTRICT PRICE TRENDS
THE AVERAGE RENTAL DOORMAN PRICE DECREASED THIS PAST MONTH BY 2.16%, WHILE NON-DOORMAN RENTS INCREASED BY 5.29%.
GRAMERCY PARK PRICE TRENDS
THIS PAST MONTH, THE AVERAGE DOORMAN RENTS SLIGHTLY DECREASED BY JUST 0.90%, NON-DOORMAN RENTS INCREASED BY 1.54%.
GREENWICH VILLAGE PRICE TRENDS
DOORMAN RENTS INCREASED BY 1.32% THIS PAST MONTH, AND NON-DOORMAN RENTS INCREASED BY 2.35%.
HARLEM PRICE TRENDS
MONTH-OVER-MONTH, DOORMAN RENTS DECREASED BY 3.75%, AND NON-DOORMAN RENTS DECREASED BY 3.04%.
LOWER EAST SIDE PRICE TRENDS
AVERAGE DOORMAN RENTS INCREASED BY 3.37% SINCE LAST MONTH, WHILE NON-DOORMAN RENTS SLIGHTLY DECREASED BY JUST 0.74%.
MIDTOWN EAST PRICE TRENDS
FOR THE MONTH OF AUGUST, DOORMAN RENTS DECREASED BY 3.72%, AND NON-DOORMAN RENTS DECREASED BY 3.74%.
MIDTOWN WEST PRICE TRENDS
THIS PAST MONTH, THE AVERAGE DOORMAN RENTS INCREASED BY 1.74%, AND NON-DOORMAN RENTS INCREASED BY 1.98%.
MURRAY HILL PRICE TRENDS
FOR THE MONTH OF AUGUST, AVERAGE RENTAL PRICES FOR DOORMAN RENTS DECREASED BY 2.36%, AND NON-DOORMAN RENTS DECREASED BY 1.68%.
SOHO PRICE TRENDS
OVER THE PAST MONTH, THE AVERAGE RENTAL PRICE FOR A DOORMAN UNIT INCREASED BY 2.31%, AND NON-DOORMAN RENTS INCREASED BY 1.85%.
TRIBECA PRICE TRENDS
THIS PAST MONTH, THE AVERAGE RENTAL PRICE FOR A DOORMAN UNIT SLIGHTLY DECREASED BY JUST 0.23%, AND NON-DOORMAN RENTS DECREASED BY 2.25%.
UPPER EAST SIDE PRICE TRENDS
MONTH-OVER-MONTH, AVERAGE DOORMAN RENTAL PRICES HAVE SLIGHTLY DECREASED BY JUST 0.70%, NON-DOORMAN RENTS INCREASED BY 2.44%.
UPPER WEST SIDE PRICE TRENDS
AVERAGE DOORMAN RENTS THIS MONTH HAVE DECREASED BY 1.70%, WHILE NON-DOORMAN RENTS INCREASED BY 4.61%.
WASHINGTON HEIGHTS / INWOOD
AVERAGE DOORMAN RENTS THIS MONTH HAVE DECREASED BY 1.06%, WHILE NON-DOORMAN RENTS INCREASED BY 1.69%.
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.
Contact Us Now: 718-222-0211
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.
