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In Manhattan, home to Central Park, the Empire State Building, and Wall Street, average rent in July was $5,588 a month, according to new data prepared by Miller Rents in Manhattan hit a new high in July, as higher interest rates and low supply continued to drive up prices. The average monthly rent in July was $5,588, up 9% over Renters forked over an average of $5,588 last month to live in the borougha 9.3% increase from last Julyand prices jumped more than 15% in Brooklyn and parts New York city rents hit a new high in July at an average of $5,588 a month, up 30 percent since 2025. The eye-watering cost of renting an apartment in Manhattan comes NEW YORK - New Yorkers are feeling the squeeze as rents hit a new high. Rent in Manhattan soared to a record-high average of $5,588 in July, up 9% from 2025. It's The average monthly rent in Manhattan rose to a record $5,588 in the month of July as inflation and higher interest rates push rental prices to new record levels, according Despite New York City losing residents following the COVID-19 pandemic, Manhattan NYC has seen its rent hit a record average of $5,588 per month. Altogether, the

Manhattan NYC Rent Hits Record Average of $5,588 a Month

NEW YORK - New Yorkers are feeling the squeeze as rents hit a new high. Rent in Manhattan soared to a record-high average of $5,588 in July, up 9% from 2025. It's no secret living in Manhattan, home to Central Park, the Empire State Building, and Wall Street, is expensive. But new data prepared by Miller Rents confirms just how pricey it's become.

In Manhattan, NYC, the average monthly rent in July was $5,588, a new record. This marks a significant increase driven by several factors.

Why is Manhattan Rent So High?

Rents in Manhattan hit a new high in July, as higher interest rates and low supply continued to drive up prices. The average monthly rent in July was $5,588, up 9% over the previous year. This surge is impacting renters significantly. Despite New York City losing residents following the COVID-19 pandemic, Manhattan has seen its rent hit a record average of $5,588 per month. Altogether, the eye-watering cost of renting an apartment in Manhattan comes as inflation and higher interest rates push rental prices to new record levels, according to experts.

Renters forked over an average of $5,588 last month to live in the borough – a 9.3% increase from last July – and prices jumped more than 15% in Brooklyn and parts of the outer boroughs. New York city rents hit a new high in July at an average of $5,588 a month, up 30 percent since 2025.

The average monthly rent in Manhattan rose to a record $5,588 in the month of July . Is relief in sight for those looking to rent in Manhattan?

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