How much it costs to rent in 28 Manhattan neighborhoods, ranked from the least expensive to the most

• The cost of living in Manhattan is more than double the US average.
• The NYC cost of living is so high partly due to its exorbitant housing market — the average rent for a Manhattan apartment is $3,667.
• RENTCafé broke down the average rent for different Manhattan neighborhoods, and we ranked them from most to least affordable, from SoHo to the East Village.

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City life comes with a lot of dollar signs — especially in Manhattan.

The cost of living in New York City is at least 68% higher than the US average, according to SmartAsset. If you think that's a lot, the cost of living in Manhattan specifically is more than double the national average.

At the center of it all is New York City's high-cost housing market. Asking rents in New York City increased by 33% from December 2009 to June 2017 at roughly 3.9% a year, reports StreetEasy.

And while the NYC rental market has seen declining prices this year, the average rent for an apartment in Manhattan remains exorbitant at $3,667 — a 10% decrease compared to $4,085 the previous year. To put things in perspective, that's only a few hundred dollars shy of the typical US worker's average monthly income of $3,895.

That number is even more shocking considering that the average size for a Manhattan apartment is only 703 square feet.

Even then, some neighborhoods in Manhattan are notoriously more expensive than others. Rent in Battery Park City, for example, is 52% higher than the Manhattan average.

To highlight such differences, RENTCafé broke down the average rent in Manhattan neighborhoods for all rentals, one-bedroom apartments, and two-bedroom apartments. Using this data, we narrowed down the top 28 Manhattan neighborhoods according to the largest number of rental units overall (in apartment communities of 50 units or larger), which was provided by Yardi Matrix.

Scroll through below to see which Manhattan neighborhoods have the highest average rent, ranked from the least expensive to the most, from SoHo to the Upper East Side.

28. Washington Heights

All rentals: $2,176

One-bedroom: $1,980

Two-bedroom: $2,777

Number of rental units: 1,000–1,500

 

 

27. Roosevelt Island

All rentals: $3,379

One-bedroom: $3,211

Two-bedroom: $3,558

Number of rental units: 1,200–2,000

26. East Harlem

All rentals: $3,412

One-bedroom: $3,258

Two-bedroom: $3,471

Number of rental units: 1,700–2,500

See the rest of the story at INSIDER