Manhattan's rent is the second-highest in the country, behind only San Francisco.
The average monthly price for a studio apartment in Manhattan is $2,027. A one-bedroom costs about $4,000 per month.
Rental affordability is also a factor to consider when deciding where to live. For example, if you earn $50,000 per year and have 30% of your income going toward rent each month (this means paying no more than 30% of your total gross income on housing), then this would mean that you could afford an apartment costing around $1,250 per month—if it were available! But there just aren't many apartments that come even close to this price point in Manhattan; most rentals cost at least twice as much as what someone who earns your salary could afford without compromising other necessities like food and transportation costs (and still saving some money). So while there may be plenty of options if you're willing to pay up, they'll likely be outside your budget range and won't leave much room for savings toward retirement or other financial goals.
The median monthly rent for one-bedroom apartments in Manhattan is $2,716.
Renting a one-bedroom apartment in Manhattan will cost you an average of $1,669 per month on a $3,097 budget, but the median rent for all apartments is actually closer to $1,560.
In 2018, the average household spent more than 31% of its income on housing costs alone — just over 30% may sound like a lot to spend on rent alone; however, housing costs are so high because they’re not just limited to your mortgage payments or rent! Housing includes utilities as well as other expenses such as renter’s insurance and property taxes (if applicable).
If you live in Manhattan and are looking for an affordable place that still has plenty of amenities nearby (like restaurants), then look no further than Tribeca! This neighborhood has some great restaurants nearby but also has easy access via public transportation systems like subway lines A/C/E at Canal Street Station or 1/2 train service at Fulton Street Station which makes commuting from this area easy no matter where you work!