Manhattan rents reach all-time high of $6,655/month amid Mamdani’s rent freeze and pied-a-terre tax threat
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Manhattan Rents Surge To Historic High As Mamdani’s Rent Freeze Looms
Manhattan rents climbed to another record in July, with the average apartment costing $6,655 per month as New Yorkers continue to grapple with some of the highest housing costs in the United States. The average monthly rent jumped roughly 10% from a year earlier, according to a new market report. Gary Malin, the chief operating ...
Aug 12, 2026
Manhattan rents reach all-time high of $6,655/month amid Mamdani’s rent freeze and pied-a-terre tax threat
Manhattan renters, brace yourselves. The average price tag for a place to live just hit a jaw-dropping $6,655 a month, an all-time high, according to fresh data from Corcoran Sunshine Marketing Group. That’s a brutal 10% jump from a year ago, and real estate pros are pointing straight at Mayor Mamdani’s incoming rent freeze on...
Aug 12, 2026