Manhattan rents still trending upward

Average rent in Manhattan increased in April, but more supply gives renters a playing field
  • On an annual scale, Manhattan rents increased 0.5 percent since April 2015, when price was $3,939 per month.

Manhattan rents continue to climb month-over-month, but at a milder pace. While Manhattan rent increased slightly by 2.79 percent, listing inventory saw a much larger jump — from 8,607 to 9,746 rentals in April.