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Downtown Manhattan apartments for rent - New York, NY

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Downtown Manhattan Apartments Options

Average Rent in New York, NY

Avg. RentAnnual Change
New York Studio - $4,010-6%
New York 1 Bed - $5,097-5%
New York 2 Beds - $6,992-8%
Last updated 6/17/2024

Local Guide

See what New York, NY has to offer.

Local Reviews

My neighborhood has a lot of bars and shops but I do feel safe do to lie life people hanging around the streets at all hours

Lots of stores, restaurants and shops. Many high end residential buildings. Well known neighborhood.

It's convenient close to shops and schools. It's also close to public transportation so no cars are required.

My neighborhood as unique in that it is mostly a friendly neighborhood or people know each others, and each other's children and look out for each other

Alit of celebrities live here that I grew up with . Great restaurants and bars all the good stores. And trains and buses are close by

THE CITY THAT NEVER SLEEP, WAS RAISED HERE, SINCE I CAME FROM PUERTO RICO AT 2 YRS OLD, I HAVE BEEN IN THE SAME ZIP CODE SINCE FOREVER......

Demographics

Education

High School

28%

Associate's

12%

Bachelor's

38%

Master's

18%

Doctorate

3%

Family Size

2 people

53%

3 people

24%

4 people

17%

5 people

4%

6+ people

2%

Household Income

0-50k

35%

50-100k

18%

100-150k

14%

150-200k

9%

200k+

25%

Age

0-10

7%

10-20

8%

20-45

46%

45-65

23%

65+

16%

Affordability

Percentage: 4/54/5

Renters gave this area a 4 out of 5 for affordability

Last updated 6/17/2024

*The rent information included in this summary is based on a median calculation of multifamily rental property inventory on Apartment Guide and Rent.com over the past 12-months and is for illustrative purposes only. This information does not constitute a pricing guarantee or financial advice related to the rental market.

Rent Trends

Average rent in Downtown Manhattan, New York, NY

In New York, NY, as of 2024, the average rent for apartments ranges from $4,010 to $6,992. Specifically, the average rent for a studio apartment in Downtown Manhattan, New York, NY is $4,010. For those seeking a 1-bedroom apartments, the average rent is $5,097. And for a 2-bedroom apartment, renters can expect to pay an average of $6,992.

Annual Rent Change Over the Past 12 Months

Studio

-6%

Changed from $4,266 to $4,010
1 Bed

-5%

Changed from $5,365 to $5,097
2 Beds

-8%

Changed from $7,600 to $6,992
Last updated 6/17/2024

Cost of Living

Compared to State Average

3%

Compared to National Average

2%

The cost of living in Downtown Manhattan, New York, NY is 3% higher than the state average and 2% higher than the national average. Downtown Manhattan, New York, NY housing is 0.1% less expensive than the U.S average, while utilities are about 4.9% more pricey. When it comes to basic necessities such as food and clothing, groceries are around 6.2% less in Downtown Manhattan, New York, NY than in the rest of the country.

Healthcare services such as doctor check-ups and dentistry cost 11.1% more here compared to the U.S. average.
Cost of Living in Downtown Manhattan, New York, NYCompared to State AverageCompared to National Average
Housing
2%
0.1%
Utilities
8.3%
4.9%
Food
4.7%
6.2%
Transportation
2.1%
0.5%
Healthcare
11.3%
11.1%

Compare Other Cities

CityStudio Avg RentAnnual Change
New York$4,010-6%
Hoboken$3,470+74%
Jersey City$3,449-3%
Long Island City$3,322--
Brooklyn$3,313-10%
Weehawken$3,212-1%
Newark$2,6850%
Maplewood$2,432+10%
Stamford$1,928-4%
Queens$1,800+9%
Montclair$1,650+2%
Bronx$1,517-37%
City1 Bed Avg RentAnnual Change
New York$5,097-5%
Brooklyn$4,456+6%
Long Island City$4,269--
Jersey City$3,792-1%
Weehawken$3,703-5%
Hoboken$3,610+5%
Newark$2,542-5%
Stamford$2,516-2%
Queens$2,400+20%
Maplewood$2,305-7%
Montclair$2,249+5%
Bronx$1,767-31%
City2 Beds Avg RentAnnual Change
New York$6,992-8%
Long Island City$6,503--
Brooklyn$6,169+116%
Weehawken$5,826+2%
Jersey City$4,862-1%
Hoboken$4,469+5%
Stamford$3,300-4%
Maplewood$3,097+6%
Queens$2,800+12%
Montclair$2,575+7%
Newark$2,1000%
Bronx$2,0170%

Compare Neighborhoods

Sunnyside

$1,400

1 Bed Avg. Rent

Lenox Hill

$1,425

1 Bed Avg. Rent

Southeastern Queens

$1,914

1 Bed Avg. Rent

What are the most affordable neighborhoods in New York, NY?

For renters in New York seeking more affordable options, the neighborhoods to watch are Sunnyside, Lenox Hill, and Southeastern Queens, where average rents for 1-bedroom apartments stand at $1,400, $1,425, and $1,914 respectively. Additional areas offering value are Washington Heights and Bay Ridge, where the rents are $2,100 and $2,200, a favorable comparison to New York's overall 1-bedroom average of $5,097.

What are the most expensive neighborhoods in New York, NY?

In New York, the neighborhoods commanding the highest rents are SoHo, NoMad, and West Village. A 1-bedroom apartment in SoHo averages at $9,000, in NoMad it averages $6,277, and in West Village, the average is $5,775. For additional high-end living options, Tribeca offers 1-bedroom apartments at $5,765, and Midtown East at $5,748. These rates compare to the overall average rent of $5,097 for a 1-bedroom apartment in New York, highlighting the premium nature of these specific neighborhoods.

What are the most popular neighborhoods in New York, NY?

In New York, the most sought-after neighborhoods for renters include Kips Bay, Gramercy Park, and NoMad. In Kips Bay, the average rent for a 1-bedroom apartment is $4,945. Gramercy Park sees average rents of $4,550 for a 1-bedroom unit. NoMad offers similar appeal with 1-bedroom apartments averaging $6,277. For those seeking other popular areas, Murray Hill presents 1-bedroom apartments at $5,239, and Midtown Manhattan at $5,066. These prices are set against the backdrop of the city-wide average of $5,097 for a 1-bedroom apartment in New York, underscoring the popularity of these particular neighborhoods.

NeighborhoodStudio Avg RentAnnual Change
West Village$5,375-8%
East Village$5,109-6%
Alphabet City$5,109-6%
Murray Hill$5,049-4%
Chelsea$4,875+16%
NoMad$4,6850%
Morningside Heights$4,585+2%
Northern Brooklyn$4,156-2%
Williamsburg$4,156-2%
Midtown Manhattan$4,136-2%
Times Square$4,036-8%
Hell's Kitchen$4,010+4%
Hudson Yards$3,966+2%
Lincoln Square$3,732-10%
SoHo$3,4250%
Upper West Side$3,413-10%
Fort Greene$3,411--
Financial District$3,400-24%
Kips Bay$3,350+46%
Downtown Brooklyn$3,293-9%
Upper Manhattan$3,292-14%
Sutton Place$3,200--
Midtown East$3,050+9%
Gramercy Park$3,000--
Yorkville$2,985+33%
DUMBO$2,950--
Lenox Hill$2,715--
Brooklyn Heights$2,710-33%
Upper East Side$2,550+13%
Harlem$2,500-45%
Park Slope$2,500--
East Harlem$2,500-58%
Tudor City$2,400-4%
Greenwich Village$2,350-47%
Prospect Heights$2,312--
Bushwick$2,289--
Washington Heights$1,995+11%
Northeastern Queens$1,995+3%
Flatbush$1,900--
West Bronx$1,771-40%
Southeastern Queens$1,699+4%
Neighborhood1 Bed Avg RentAnnual Change
NoMad$6,277-7%
West Village$5,775+28%
Tribeca$5,765--
Midtown East$5,748+85%
Chelsea$5,703-21%
Alphabet City$5,690-15%
Greenwich Village$5,500+20%
Lincoln Square$5,373-1%
Murray Hill$5,239-18%
Morningside Heights$5,217-4%
Upper West Side$5,140-3%
Sutton Place$5,122--
Midtown Manhattan$5,066-3%
Financial District$5,049-9%
East Village$5,010-25%
Harlem$4,997-8%
Kips Bay$4,945-3%
Upper Manhattan$4,916-8%
Williamsburg$4,900-8%
Hell's Kitchen$4,895-5%
Hudson Yards$4,838+4%
DUMBO$4,775--
Park Slope$4,700--
Northern Brooklyn$4,700+18%
Times Square$4,693+3%
Brooklyn Heights$4,658-1%
Fort Greene$4,595--
Gramercy Park$4,550--
Upper East Side$4,497-21%
Greenpoint$4,435--
Yorkville$4,390-23%
Prospect Heights$4,250-10%
Downtown Brooklyn$4,201-2%
Tudor City$3,575--
Bushwick$3,250+30%
Lower East Side$3,125--
West Bronx$2,599+2%
East Harlem$2,500-37%
Flatbush$2,450--
Northeastern Queens$2,250+11%
Bay Ridge$2,200+38%
Ridgewood$2,200+19%
Coney Island$2,200--
Washington Heights$2,100-7%
Southeastern Queens$1,914+1%
Lenox Hill$1,425-52%
Sunnyside$1,400-7%
Neighborhood2 Beds Avg RentAnnual Change
Greenwich Village$9,425--
West Village$9,150-4%
NoMad$8,500-10%
Chelsea$8,246+11%
Brooklyn Heights$7,824-2%
Lincoln Square$7,665-3%
Upper West Side$7,359-9%
Tribeca$7,295--
Midtown Manhattan$7,140+5%
Williamsburg$6,908+32%
Times Square$6,752-10%
Greenpoint$6,695--
Murray Hill$6,695-24%
Upper Manhattan$6,645-11%
Hudson Yards$6,593+5%
Hell's Kitchen$6,575+1%
Morningside Heights$6,570-18%
Northern Brooklyn$6,400+60%
Upper East Side$6,376+113%
Fort Greene$6,300--
Prospect Heights$6,110--
Yorkville$6,100+107%
Sutton Place$6,100--
Midtown East$6,033+32%
Gramercy Park$5,950+29%
Park Slope$5,900+23%
DUMBO$5,795--
Downtown Brooklyn$5,634-6%
Alphabet City$4,750-51%
Lenox Hill$4,750--
Financial District$4,600-40%
East Village$4,250-56%
Kips Bay$3,990-48%
Lower East Side$3,750--
Flatbush$3,450+19%
Harlem$3,400-52%
Bushwick$3,300+22%
East Harlem$3,200-7%
Coney Island$3,000--
Northeastern Queens$2,800+10%
West Bronx$2,795+24%
Southeastern Queens$2,650+5%
Sunset Park$2,500+14%
Washington Heights$2,395+14%
Ridgewood$2,100-16%

Transportation

Commute Time

0-15 Mins

14%

15-30 Mins

40%

30-40 Mins

24%

40-60 Mins

13%

60+ Mins

8%

Transportation Scores

Percentage: 9999

Walk Score®

Walkable

Yes

Say 30 of 47 renters

Has Sidewalks

No

Say 25 of 47 renters

Percentage: 9292

Bike Score®

Bike Friendly

No

Say 28 of 47 renters

Percentage: 100100

Transit Score®

They Are Located Near Public Transportation

Yes

Say 30 of 47 renters

Need A Car

No

Say 29 of 47 renters

Area Amenities

Top Score

Restaurants

5/5 stars based on undefined reviews

Fine dining in Downtown Manhattan New York. You'll find a foodie feast around here.

  1. A high number of restaurants per resident
  2. 100% more restaurants than average
  3. 56% more restaurants than areas of a similar size

Pet Services

5/5 stars based on undefined reviews

Purr-fect for pets. They'll wanna stay here fur-ever.

  1. A high number of pet facilities per resident
  2. 99% more pet facilities than average
  3. 37% fewer pet facilities than areas of a similar size

Coffee

4.5/5 stars based on undefined reviews

We're full of beans for Downtown Manhattan New York's coffee shop scene.

  1. A high number of coffee shops per resident
  2. 100% more coffee shops than average
  3. 58% more coffee shops than areas of a similar size

Nightlife

4.5/5 stars based on undefined reviews

Get your dance shoes on, Downtown Manhattan New York looks good for nightlife.

  1. A high number of bars and clubs per resident
  2. 100% more bars and clubs than average
  3. 56% more bars and clubs than areas of a similar size

Retail Shops

4.5/5 stars based on undefined reviews

A shopaholic favorite. Downtown Manhattan New York has a lot of style.

  1. A high number of shops per resident
  2. 100% more shops than average
  3. 32% more shops than areas of a similar size

Health and Fitness

4.5/5 stars based on undefined reviews

Pumped and lifting a solid 4.5 stars for fitness.

  1. A high number of gyms per resident
  2. 100% more gyms than average
  3. 29% more gyms than areas of a similar size

Fine Arts

4.5/5 stars based on undefined reviews

This place gets the picture when it comes to art.

  1. A high number of fine art centers per resident
  2. 100% more fine art centers than average
  3. 59% more fine art centers than areas of a similar size

Medical Care

4.5/5 stars based on undefined reviews

The great medical care here is just what the doctor ordered.

  1. A high number of medical facilities per resident
  2. 100% more medical facilities than average
  3. 25% more medical facilities than areas of a similar size

Childcare

4/5 stars based on undefined reviews

Downtown Manhattan New York is full of places your child can play all day.

  1. A high number of daycares per resident
  2. 99% more daycares than average
  3. 24% fewer daycares than areas of a similar size

Theaters

4/5 stars based on undefined reviews

If the world is a stage, then Downtown Manhattan New York is a real player.

  1. A high number of theaters per resident
  2. 100% more theaters than average
  3. 72% more theaters than areas of a similar size

Grocery Stores

3.5/5 stars based on undefined reviews

Suffice to say, this place is great for groceries.

  1. Few grocery stores per resident
  2. 98% more grocery stores than average
  3. Far fewer grocery stores than areas of a similar size

Parks

3.5/5 stars based on undefined reviews

You'll be living the park life in Downtown Manhattan New York.

  1. A high number of parks per resident
  2. 99% more parks than average
  3. 13% more parks than areas of a similar size

Amusement Parks

3.5/5 stars based on undefined reviews

No spin here - Downtown Manhattan New York boasts a good number of amusement parks.

  1. A high number of amusement parks per resident
  2. 99% more amusement parks than average
  3. A standard number of amusement parks compared to areas of a similar size

Hospitals

3.5/5 stars based on undefined reviews

Hearts skip to the beat of this place - a high score for hospitals.

  1. Few hospitals per resident
  2. 99% more hospitals than average
  3. 46% fewer hospitals than areas of a similar size

Gas Stations

3.5/5 stars based on undefined reviews

Filling stations in Downtown Manhattan New York are at full-throttle!

  1. Few gas stations per resident
  2. 90% more gas stations than average
  3. Far fewer gas stations than areas of a similar size

Area Features

Area Has Litter

No

Say 45 of 47 renters

Good Place To Raise A Family

Yes

Say 43 of 47 renters

Area Has Potholes

No

Say 39 of 47 renters

Noise Late At Night

No

Say 36 of 47 renters

Mostly Older Buildings

No

Say 34 of 47 renters

Busy Streets

No

Say 33 of 47 renters

Near Grocery Stores

Yes

Say 29 of 47 renters

Nearby Parks

Yes

Say 28 of 47 renters

Safe For Families

Yes

Say 28 of 47 renters

Tree Lined Streets

Yes

Say 25 of 47 renters

Well Lit

Yes

Say 25 of 47 renters

Mostly Newer Buildings

No

Say 24 of 47 renters

Pet Friendly

No

Say 24 of 47 renters

Quiet Area

No

Say 24 of 47 renters

Maintained Yards

No

Say 24 of 47 renters

Nice Views

No

Say 27 of 47 renters

Near Schools

No

Say 28 of 47 renters

Near Downtown

No

Say 30 of 47 renters

Area Has Kids Play Outside

No

Say 32 of 47 renters

Near Highways

No

Say 38 of 47 renters

Schools

Percentage: 4/54/5

School Score

How satisfied do renters feel with the schools in this area.

Top Schools in Downtown Manhattan New York

Information provided by GreatSchools. To verify school enrollment eligibility, contact the school district directly.

Find Apartments in Nearby Cities

City1 Bed Price2 Beds Price
New York, NY 0.2 miles$5,097$6,992
Chinatown, NY 0.3 miles------
Prince, NY 0.3 miles------
Canal Street, NY 0.4 miles------
Tonawanda Reservation, NY 0.6 miles------
Philips, NY 0.6 miles------
Marble, NY 0.6 miles------
Knickerbocker, NY 0.7 miles------
Peck Slip, NY 0.8 miles------
Manhattan, NY 2.6 miles------

Find Apartments in Nearby Neighborhoods

Neighborhood1 Bed Price2 Beds Price
SoHo 0.4 miles$9,000$12,000
Downtown 0.2 miles$5,512$7,285
East Village 0.9 miles$5,010$4,250
Financial District 1.1 miles$5,049$4,600
Tribeca 0.6 miles$5,765$7,295
NoLita 0.2 miles$3,000$5,100
West Village 1.1 miles$5,775$9,150
Lower East Side 0.9 miles$3,125$3,750
Greenwich Village 0.7 miles$5,500$9,425
Chelsea 1.8 miles$5,703$8,246