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New York City Rent Index
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Venues
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MARKET-IMPLIED PROBABILITY DISTRIBUTION
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DAILY VOLATILITY
ANNUALIZED VOLATILITY
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LATEST NEWS
PUBLISHED
August 13, 2026
Manhattan median rent rose to $5,000 as inventory plunged 39 percent in July
Manhattan's median rent on new leases climbed to a record $5,000 in July, up 6.4 percent from a year earlier, as the number of available apartments plunged roughly 39 percent. Scarce inventory is shortening how long listings stay on the market and leaving renters with little leverage to negotiate.
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PUBLISHED
August 13, 2026
Wait, How Much? Manhattan and Brooklyn Rents Hit Record Highs
New market data shows Manhattan's median rent reaching a record $5,000 a month while Brooklyn's hit $4,500. The piece notes that although Mayor Zohran Mamdani has capped increases for rent-stabilized tenants, costs for the city's market-rate renters keep pushing to new highs.
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PUBLISHED
July 13, 2026
HIGHER & HIGHER: Rents in Brooklyn and Manhattan keep soaring to new records, report finds
A Corcoran Group report found June median rents at record levels of $5,295 in Manhattan and $4,350 in Brooklyn, both up about 8 percent year over year. Historically low vacancy is fueling intense competition, with well-priced listings renting in just over a month in both boroughs.
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