Manhattan rents are higher than ever as the year comes to a close. Median rent in Manhattan reached $4,750 last month, according to the monthly report from Douglas Elliman and Miller Samuel, which is based on new, brokered, market-rate leases. The boost spelled a 13 percent increase in prices year over year and the highest Manhattan rent ever recorded by the report. The numbers bookend a banner year for Manhattan rents, which hit new all-time records five times in 2025. A combination of elevated mortgage rates, affluent new residents and tight supply has bolstered rents in the city’s wealthiest borough, […]

This article originally appeared on The Real Deal. Click here to read the full story.