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Kol Haolam · Oct 8, 2026

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Manhattan’s average rent hit a record $6,865 in September as dwindling apartment inventory pushed median rents to an all-time high of $5,395, while Brooklyn recorded its busiest September for new leases since 2020 despite falling inventory and rising average rents.

Manhattan’s average rent hit a record $6,865 in September as dwindling apartment inventory pushed median rents to an all-time high of $5,395, while Brooklyn recorded its busiest September for new leases since 2020 despite falling inventory and rising average rents.

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