Take a tour of New York's most expensive neighborhood for renters, where the apartments cost $6,500 a month

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Central Park South, New York City Sarah Jacobs/Business Insider Central Park acts as a front yard for residents of 59th Street.

  • Central Park South is the most expensive rental neighborhood in New York City.
  • The neighborhood's median asking rent is $6,500 a month.
  • Once known as "hotel row" , many of those accommodations have now been converted into condos and co-ops.


One of Manhattan's smallest neighborhoods is also its most expensive for renters. Just below Central Park, between 5th and 8th Avenues on 58th and 59th Streets, you'll find the micro-neighborhood known as Central Park South.

This small stretch of Manhattan is bounded by the greenery of Central Park on one side and soaring condo buildings and five-star hotels on the other. Billionaire's Row , which earned its name from its sky-high buildings with sky-high prices, is nearby.

According to StreetEasy data, the median asking rent in Central Park South is $6,500 a month.

Below, take a look at this small but extremely expensive micro-hood.

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220 Central Park South, which is still under construction, will be a 66-story building featuring a rumored $250 million quadruplex. It's bound to be a glitzy addition to an already wealthy neighborhood.

220 Central Park South, which is still under construction, will be a 66-story building featuring a rumored $250 million quadruplex. It's bound to be a glitzy addition to an already wealthy neighborhood.

Source: Curbed

High-end art galleries, such as Bartoux, also line the street.

High-end art galleries, such as Bartoux, also line the street.

Restaurants along the strip include the brunch favorite Sarabeth's, the two-Michelin-starred Marea, and the Palm Court, which sits inside The Plaza.

Restaurants along the strip include the brunch favorite Sarabeth's, the two-Michelin-starred Marea, and the Palm Court, which sits inside The Plaza.

As for rentals, there are currently 68 active listings on StreetEasy, ranging in price from $2,195 to $85,000 a month.

As for rentals, there are currently 68 active listings on StreetEasy, ranging in price from $2,195 to $85,000 a month.

Source: Street Easy

There's also the Trump Parc East, a 15-story building that was constructed in 1904 and purchased by Donald Trump in 1981.

There's also the Trump Parc East, a 15-story building that was constructed in 1904 and purchased by Donald Trump in 1981.

Source: The New York Times

Other hotels that line the park include The Ritz-Carlton and the JW Marriott Essex House, both of which have condos inside.

Other hotels that line the park include The Ritz-Carlton and the JW Marriott Essex House, both of which have condos inside.

Central Park acts as the neighborhood's massive front yard.

Central Park acts as the neighborhood's massive front yard.

Horses and carriages line the park, providing rides for tourists and locals alike.

Horses and carriages line the park, providing rides for tourists and locals alike.

Across from The Plaza is the Sherman Monument, which was built in 1902.

Across from The Plaza is the Sherman Monument, which was built in 1902.

The hotel has hosted plenty of famous guests, including The Beatles, Frank Lloyd Wright, and Christian Dior.

The hotel has hosted plenty of famous guests, including The Beatles, Frank Lloyd Wright, and Christian Dior.

Source: Business Insider

The Plaza reopened in 2008 after a redesign that included adding apartments. At the time, the condos sold for $5.8 million to $7 million.

The Plaza reopened in 2008 after a redesign that included adding apartments. At the time, the condos sold for $5.8 million to $7 million.

Source: New York Times

At the corner of 59th Street and Grand Army Plaza is the prestigious, landmark hotel: The Plaza.

At the corner of 59th Street and Grand Army Plaza is the prestigious, landmark hotel: The Plaza.

The area is easily accessible by the subway's N, R, and W lines (pictured here) along with the A, C, B, and D lines at Columbus Circle.

The area is easily accessible by the subway's N, R, and W lines (pictured here) along with the A, C, B, and D lines at Columbus Circle.
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