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The Price to Live in Manhattan

November 19th, 2009 by Tara Kaimal

Photo courtesy of stopnlook on Flickr

Photo courtesy of stopnlook on Flickr

As a newbie to the city, I’m still a bit shocked at how expensive it is to rent an apartment in NYC. It’s often difficult to gauge when a landlord is overcharging for a given apartment. So, if you’re like me, you might find these stats helpful and interesting.

After doing some research, I’ve found the average prices of apartments in new york.  Remember, these are averages… so you may find something cheaper (fingers crossed) or more expensive (sigh).

It looks like my desire to live downtown will remain unfulfilled. Apparently, to live in a hip and trendy neighborhood will cost you- ha, go figure!

Studio: $2,260

1 Bedroom: $3,020

2 Bedroom: $3,490

3 Bedroom: $3,190

I wonder just how many roommates I squeeze into a two bedroom… 6? 8?

As for Midtown Manhattan, I’m a few decades away from affording a place here.

Studio: $2,290

1 Bedroom: $3,110

2 Bedroom: $4,220

3 Bedroom: $4,540

One day, when I’m the CEO of some major corporation, this will seem like mere pocket change. Or not.

Living in Uptown Manhattan seems a little more manageable… but barely.

Studio: $1,870

1 Bedroom: $2,570

2 Bedroom: $3,710

3 Bedroom: $5,330

I’m guessing most of these are five floor walk ups.

And if you’re really looking to save, Upper Manhattan seems to be the main alternative to those of us with entry-level jobs and thin wallets.

Studio: $1,450

1 Bedroom: $1,430

2 Bedroom: $1,860

3 Bedroom: $2,280

4 Bedroom: $2,170

Hope these figures help a bit. When it comes to finding an apartment in New York, I guess we have to avoid that knot in the pit of our stomachs and pay up.

Category: Naked Apartments

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  • My friend lives in uptown Manhattan and I have talked to her about the cost of her rent. She shares an apartment with a few roomates and her rent is a bit over $1000/month.

    This definitely sounds like a lot, however, if I add up my New Jersey rent plus all of my monthly car expenses (insurance, gas, car payment), it adds up to the same amount as her rent!