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 … or a direct offer to an ownerafter theyve lost out on other apartments and are feeling desperate On the sales side … rent that renters agree to pay and the marketwide average for asking rents Its called the listing discount a holdover …

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