Elliman Report

Manhattan rents hit new highs again in November, with the median price almost reaching $4,800, a 13 percent year-over-year jump, according to a new report released this week. Prepared by appraisal firm Miller Samuel for Douglas Elliman, the November 2025 Elliman Report shows the median rent price rose more than 3 percent from $4,600 in October. The borough’s average rent climbed to a record $5,686, up nearly 1 percent from last month and almost 13 percent annually, while the average price per square foot reached a new high of $95 after rising 5.6 percent since October and 10.1 percent from last November.
Find out more