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Average Manhattan Rent Breaks $5K For First Time Ever

At a glance

  • The average rental price in Manhattan has topped $5,000 for the first time in the city’s history.
  • A study found the average apartment  rent is $5,058 per month, which would cost a city tenant nearly $61,000 a year.
  • The price is 29% higher year-over-year  from the $3,922 average found in June 2021.

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