{"id":131776,"date":"2026-02-12T21:53:08","date_gmt":"2026-02-12T21:53:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ny\/131776\/"},"modified":"2026-02-12T21:53:08","modified_gmt":"2026-02-12T21:53:08","slug":"manhattan-rents-hit-another-high-median-price-near-4-7k-month","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ny\/131776\/","title":{"rendered":"Manhattan rents hit another high, median price near $4.7K\/month"},"content":{"rendered":"

\"Manhattan<\/p>\n

While January is normally the best time to find deals on apartments, New Yorkers continued to face record-high rents in the first month of 2026. In January, the Manhattan median rent hit $4,695\/month, according to the monthly rental report<\/a> prepared by Miller Samuel for Douglas Elliman. While the price is down slightly from December, which saw median rents for the borough at $4,720, January marked the third-highest rent on record for Manhattan. <\/p>\n

\"\"<\/p>\n

The January 2026 median rent increased by 7.9 percent from the January 2025 median, but is still below the record-high prices last November<\/a> of $4,800\/month.<\/p>\n

Last month, the average rental price jumped 11.3 percent year-over-year, to $5,711\/month, the highest on record. <\/p>\n

According to the report, listing inventory dropped year-over-year for the seventh time, declining by 9.3 percent from last year to 7,965 apartments last month.<\/p>\n

The report also looked at Brooklyn, which had a 9 percent increase year-over-year in median rent to $3,814\/month from $3,500\/month in 2025. Similarly, in Northwest Queens, the median rent rose by 10.6 percent from $3,400\/month last January to $3,754\/month last month.<\/p>\n

With mortgage rates expected to remain around 6 percent<\/a> for the rest of the year, meaning fewer prospective buyers, it\u2019s unlikely renters will see any relief, as demand increases and inventory shrinks.<\/p>\n

\u201cWe\u2019re just in this mode of steadily rising rents,\u201d Jonathan Miller, the author of the report, told The Real Deal<\/a>. Until there\u2019s a bigger drop in mortgage rates, Miller said, \u201cthat trend is going to be sustained for a while.\u201d<\/p>\n

RELATED:<\/p>\n","protected":false},"excerpt":{"rendered":"While January is normally the best time to find deals on apartments, New Yorkers continued to face record-high…\n","protected":false},"author":2,"featured_media":131777,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[35],"tags":[75,84,83,9,24,63],"class_list":{"0":"post-131776","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-manhattan","8":"tag-manhattan","9":"tag-manhattan-headlines","10":"tag-manhattan-news","11":"tag-new-york","12":"tag-new-york-city","13":"tag-nyc"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/131776","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/comments?post=131776"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/131776\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media\/131777"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media?parent=131776"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/categories?post=131776"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/tags?post=131776"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}