{"id":2140,"date":"2026-06-15T19:38:06","date_gmt":"2026-06-15T19:38:06","guid":{"rendered":"https:\/\/metrotransitreview.com\/?p=2140"},"modified":"2026-06-15T19:38:06","modified_gmt":"2026-06-15T19:38:06","slug":"manhattan-median-rents-hit-record-high-with-nearly-10-increase-over-a-year","status":"publish","type":"post","link":"https:\/\/metrotransitreview.com\/?p=2140","title":{"rendered":"Manhattan median rents hit record high with nearly 10% increase over a year"},"content":{"rendered":"
\n

Manhattan\u00a0rents reached an all-time\u00a0high last mo<\/span>nth after surging 7% year-on-year \u2014 with the market showing no signs of cooling any time soon, as supply dwindles but demand remains steady.<\/p>\n

Read more \u2018Love Island USA\u2019 producer dead at 40 after suffering \u2018unexpected medical emergency\u2019 mid-Season 8 production<\/a><\/p>\n

Median rents in the borough hit an eye-watering $5,125 per month in May, a shocking 7% increase from the year before, Crain\u2019s New York reported, citing an analysis from real estate company The Corcoran Group.<\/p>\n

That increase was part of a trend that\u2019s been creeping steadily upward \u2014 median Manhattan rents rose 1% from April to June.<\/p>\n

Those costs are being driven by steady demand that continues to outpace supply, the Corcoran report found.<\/p>\n

\u201cMuch to the frustration of tenants, Manhattan\u2019s median rent reached yet another new all-time high as demand continues to outpace a persistently constrained supply environment,\u201d said Gary Malin, CEO of the Corcoran Group.<\/p>\n

\u201cWe\u2019re seeing record pricing across multiple unit types, particularly in studios and one-bedrooms, as renters compete for a shrinking pool of available apartments,\u201d he told Crain\u2019s.<\/p>\n

The shrinking pool was severe in May \u2014 with 21% fewer listings from the month before.<\/p>\n

Read more Gavin Newsom says he\u2019s being investigated by Department of Justice<\/a><\/p>\n

That was the fourth month in a row that\u2019s had a double-digit drop in listings, according to Crain\u2019s.<\/p>\n

No-doorman buildings set records in May for both median and average rents, at $4,496 and $5,710 per month, respectively.<\/p>\n

\n<\/div>\n

Buildings with doormen had a median rent of $5,333, slightly lower than the record set this year.<\/p>\n

And it wasn\u2019t just Manhattan that saw record rents \u2014 Brooklyn\u2019s median rent in May rent hit $4,347, which was a 6% increase from the same time last year.<\/p>\n

The borough\u2019s supply fared better, however, with only a 5% decrease in active listings.<\/p>\n

All those high prices seem to be affecting what renters are doing \u2014 with new leases across New York in May hitting 4,655, a 2% decline from April and a 6% drop from a year ago.<\/p>\n

Read more JD Vance\u2019s surprising admission about \u2018childless cat ladies\u2019 quip that enraged Taylor Swift<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Rents reached highs as supply dwindled and demand remained steady<\/p>\n","protected":false},"author":1,"featured_media":2139,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[53],"tags":[],"class_list":["post-2140","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-real-estate"],"yoast_head":"\nManhattan median rents hit record high with nearly 10% increase over a year - Metro Transit Review<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/metrotransitreview.com\/?p=2140\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Manhattan median rents hit record high with nearly 10% increase over a year - Metro Transit Review\" \/>\n<meta property=\"og:description\" content=\"Rents reached highs as supply dwindled and demand remained steady\" \/>\n<meta property=\"og:url\" content=\"https:\/\/metrotransitreview.com\/?p=2140\" \/>\n<meta property=\"og:site_name\" content=\"Metro Transit Review\" \/>\n<meta property=\"article:published_time\" content=\"2026-06-15T19:38:06+00:00\" \/>\n<meta name=\"author\" content=\"admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/metrotransitreview.com\\\/?p=2140#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/metrotransitreview.com\\\/?p=2140\"},\"author\":{\"name\":\"admin\",\"@id\":\"https:\\\/\\\/metrotransitreview.com\\\/#\\\/schema\\\/person\\\/7cd7bd9683106710eed62ba5da559b14\"},\"headline\":\"Manhattan median rents hit record high with nearly 10% increase over a year\",\"datePublished\":\"2026-06-15T19:38:06+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/metrotransitreview.com\\\/?p=2140\"},\"wordCount\":360,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/metrotransitreview.com\\\/?p=2140#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/metrotransitreview.com\\\/wp-content\\\/uploads\\\/2026\\\/06\\\/8789c1b3d8d2727f162034e938d563e6.webp\",\"articleSection\":[\"Real Estate\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/metrotransitreview.com\\\/?p=2140#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/metrotransitreview.com\\\/?p=2140\",\"url\":\"https:\\\/\\\/metrotransitreview.com\\\/?p=2140\",\"name\":\"Manhattan median rents hit record high with nearly 10% increase over a year - Metro Transit Review\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/metrotransitreview.com\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/metrotransitreview.com\\\/?p=2140#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/metrotransitreview.com\\\/?p=2140#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/metrotransitreview.com\\\/wp-content\\\/uploads\\\/2026\\\/06\\\/8789c1b3d8d2727f162034e938d563e6.webp\",\"datePublished\":\"2026-06-15T19:38:06+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/metrotransitreview.com\\\/#\\\/schema\\\/person\\\/7cd7bd9683106710eed62ba5da559b14\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/metrotransitreview.com\\\/?p=2140#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/metrotransitreview.com\\\/?p=2140\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/metrotransitreview.com\\\/?p=2140#primaryimage\",\"url\":\"https:\\\/\\\/metrotransitreview.com\\\/wp-content\\\/uploads\\\/2026\\\/06\\\/8789c1b3d8d2727f162034e938d563e6.webp\",\"contentUrl\":\"https:\\\/\\\/metrotransitreview.com\\\/wp-content\\\/uploads\\\/2026\\\/06\\\/8789c1b3d8d2727f162034e938d563e6.webp\",\"width\":1200,\"height\":799},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/metrotransitreview.com\\\/?p=2140#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/metrotransitreview.com\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Manhattan median rents hit record high with nearly 10% increase over a year\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/metrotransitreview.com\\\/#website\",\"url\":\"https:\\\/\\\/metrotransitreview.com\\\/\",\"name\":\"Metro Transit Review\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/metrotransitreview.com\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/metrotransitreview.com\\\/#\\\/schema\\\/person\\\/7cd7bd9683106710eed62ba5da559b14\",\"name\":\"admin\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/50b1ad2e498f523425ee0a8cc5180a210646db1622662a3d56cc405d3e0c346a?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/50b1ad2e498f523425ee0a8cc5180a210646db1622662a3d56cc405d3e0c346a?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/50b1ad2e498f523425ee0a8cc5180a210646db1622662a3d56cc405d3e0c346a?s=96&d=mm&r=g\",\"caption\":\"admin\"},\"sameAs\":[\"http:\\\/\\\/metrotransitreview.com\"],\"url\":\"https:\\\/\\\/metrotransitreview.com\\\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Manhattan median rents hit record high with nearly 10% increase over a year - Metro Transit Review","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/metrotransitreview.com\/?p=2140","og_locale":"en_US","og_type":"article","og_title":"Manhattan median rents hit record high with nearly 10% increase over a year - Metro Transit Review","og_description":"Rents reached highs as supply dwindled and demand remained steady","og_url":"https:\/\/metrotransitreview.com\/?p=2140","og_site_name":"Metro Transit Review","article_published_time":"2026-06-15T19:38:06+00:00","author":"admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"admin","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/metrotransitreview.com\/?p=2140#article","isPartOf":{"@id":"https:\/\/metrotransitreview.com\/?p=2140"},"author":{"name":"admin","@id":"https:\/\/metrotransitreview.com\/#\/schema\/person\/7cd7bd9683106710eed62ba5da559b14"},"headline":"Manhattan median rents hit record high with nearly 10% increase over a year","datePublished":"2026-06-15T19:38:06+00:00","mainEntityOfPage":{"@id":"https:\/\/metrotransitreview.com\/?p=2140"},"wordCount":360,"commentCount":0,"image":{"@id":"https:\/\/metrotransitreview.com\/?p=2140#primaryimage"},"thumbnailUrl":"https:\/\/metrotransitreview.com\/wp-content\/uploads\/2026\/06\/8789c1b3d8d2727f162034e938d563e6.webp","articleSection":["Real Estate"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/metrotransitreview.com\/?p=2140#respond"]}]},{"@type":"WebPage","@id":"https:\/\/metrotransitreview.com\/?p=2140","url":"https:\/\/metrotransitreview.com\/?p=2140","name":"Manhattan median rents hit record high with nearly 10% increase over a year - Metro Transit Review","isPartOf":{"@id":"https:\/\/metrotransitreview.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/metrotransitreview.com\/?p=2140#primaryimage"},"image":{"@id":"https:\/\/metrotransitreview.com\/?p=2140#primaryimage"},"thumbnailUrl":"https:\/\/metrotransitreview.com\/wp-content\/uploads\/2026\/06\/8789c1b3d8d2727f162034e938d563e6.webp","datePublished":"2026-06-15T19:38:06+00:00","author":{"@id":"https:\/\/metrotransitreview.com\/#\/schema\/person\/7cd7bd9683106710eed62ba5da559b14"},"breadcrumb":{"@id":"https:\/\/metrotransitreview.com\/?p=2140#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/metrotransitreview.com\/?p=2140"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/metrotransitreview.com\/?p=2140#primaryimage","url":"https:\/\/metrotransitreview.com\/wp-content\/uploads\/2026\/06\/8789c1b3d8d2727f162034e938d563e6.webp","contentUrl":"https:\/\/metrotransitreview.com\/wp-content\/uploads\/2026\/06\/8789c1b3d8d2727f162034e938d563e6.webp","width":1200,"height":799},{"@type":"BreadcrumbList","@id":"https:\/\/metrotransitreview.com\/?p=2140#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/metrotransitreview.com\/"},{"@type":"ListItem","position":2,"name":"Manhattan median rents hit record high with nearly 10% increase over a year"}]},{"@type":"WebSite","@id":"https:\/\/metrotransitreview.com\/#website","url":"https:\/\/metrotransitreview.com\/","name":"Metro Transit Review","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/metrotransitreview.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/metrotransitreview.com\/#\/schema\/person\/7cd7bd9683106710eed62ba5da559b14","name":"admin","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/50b1ad2e498f523425ee0a8cc5180a210646db1622662a3d56cc405d3e0c346a?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/50b1ad2e498f523425ee0a8cc5180a210646db1622662a3d56cc405d3e0c346a?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/50b1ad2e498f523425ee0a8cc5180a210646db1622662a3d56cc405d3e0c346a?s=96&d=mm&r=g","caption":"admin"},"sameAs":["http:\/\/metrotransitreview.com"],"url":"https:\/\/metrotransitreview.com\/?author=1"}]}},"_links":{"self":[{"href":"https:\/\/metrotransitreview.com\/index.php?rest_route=\/wp\/v2\/posts\/2140","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/metrotransitreview.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/metrotransitreview.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/metrotransitreview.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/metrotransitreview.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2140"}],"version-history":[{"count":0,"href":"https:\/\/metrotransitreview.com\/index.php?rest_route=\/wp\/v2\/posts\/2140\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/metrotransitreview.com\/index.php?rest_route=\/wp\/v2\/media\/2139"}],"wp:attachment":[{"href":"https:\/\/metrotransitreview.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2140"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/metrotransitreview.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2140"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/metrotransitreview.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2140"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}