How much it costs to rent in 28 Manhattan neighborhoods, ranked from the least expensive to the most
- The cost of living in Manhattan is more than double the US average.
- The NYC cost of living is so high partly due to its exorbitant housing market - the average rent for a Manhattan apartment is $3,667.
- RENTCafé broke down the average rent for different Manhattan neighborhoods, and we ranked them from most to least affordable, from SoHo to the East Village.
City life comes with a lot of dollar signs - especially in Manhattan.
The cost of living in New York City is at least 68% higher than the US average, according to SmartAsset. If you think that's a lot, the cost of living in Manhattan specifically is more than double the national average.
And while the NYC rental market has seen declining prices this year, the average rent for an apartment in Manhattan remains exorbitant at $3,667 - a 10% decrease compared to $4,085 the previous year. To put things in perspective, that's only a few hundred dollars shy of the typical US worker's average monthly income of $3,895.
That number is even more shocking considering that the average size for a Manhattan apartment is only 703 square feet.
Even then, some neighborhoods in Manhattan are notoriously more expensive than others. Rent in Battery Park City, for example, is 52% higher than the Manhattan average.
To highlight such differences, RENTCafé broke down the average rent in Manhattan neighborhoods for all rentals, one-bedroom apartments, and two-bedroom apartments. Using this data, we narrowed down the top 28 Manhattan neighborhoods according to the largest number of rental units overall (in apartment communities of 50 units or larger), which was provided by Yardi Matrix.
Scroll through below to see which Manhattan neighborhoods have the highest average rent, ranked from the least expensive to the most, from SoHo to the Upper East Side.
28. Washington Heights
27. Roosevelt Island
26. East Harlem
25. Tudor City
24. Theatre District — Times Square
23. Clinton-Hell's Kitchen
22. Murray Hill
21. Turtle Bay
20. Kips Bay
19. East Village
17. Gramercy Park
16. Flatiron District
15. Greenwich Village
14. Garment District
13. Financial District
(TIE) 11. Yorkville
(TIE) 11. Carnegie Hill
9. Hudson Yards
8. Lenox Hill
7. Civic Center
6. Lincoln Square
5. Upper West Side
4. Manhattan Valley
2. Battery Park City
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