Manhattan median rent hit $4,750 in November as renters continue to pay a premium

… to pay more than the landlord is asking seems absurd when rents are skyhigh but the practice has become a hallmark of New York Citys ultracompetitive real estate market Renters will typically offer moreeither through a bidding … shows up as a negative number on the Elliman Report  for Manhattan Brooklyn and Queens rental markets indicating that …

By Jennifer White Karp |December 11, 2025 - 9:30AM