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Jewish News 24 · Aug 12, 2026

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Manhattan's average monthly rent hit an all-time high of $6,655 in the latest Corcoran Sunshine Marketing Group data, a roughly 10% jump from a year earlier, while the median stood at $5,295. Studios averaged $4,088, one-bedrooms $5,486, two-bedrooms $8,054, and three-bedrooms $12,228, with the smaller unit types setting new records. The city's rental vacancy rate sank to 1.49%, its lowest level since 1968, as brokers blamed persistent housing shortages, high mortgage rates keeping buyers in the rental market, and recent policy changes-including the incoming rent freeze on stabilized units and a proposed pied-a-terre tax-for driving costs higher.

Manhattan's average monthly rent hit an all-time high of $6,655 in the latest Corcoran Sunshine Marketing Group data, a roughly 10% jump from a year earlier, while the median stood at $5,295. Studios averaged $4,088, one-bedrooms $5,486, two-bedrooms $8,054, and three-bedrooms $12,228, with the smaller unit types setting new records. The city's rental vacancy rate sank to 1.49%, its lowest level since 1968, as brokers blamed persistent housing shortages, high mortgage rates keeping buyers in the rental market, and recent policy changes-including the incoming rent freeze on stabilized units and a proposed pied-a-terre tax-for driving costs higher.

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