Inhabit by Corcoran

Manhattan renters are chasing a shrinking pool of available apartments, and the result has become predictable — record rents. Brooklyn’s rental market is also rewriting the record books.

Much to the frustration of tenants, Manhattan’s median rent reached yet another new all-time high in May, hitting $5,125 as demand continues to outpace a persistently constrained supply environment. Brooklyn has also reached a new all-time high for rents, with

Manhattan’s rental market surged in April 2026, as a sharp rise in demand collided with increasingly constrained supply, pushing the borough’s median rent to a new all-time high of $5,099. Brooklyn also saw a strong month, with leasing activity climbing

In March, Manhattan’s rental market remained incredibly inventory constrained. Meanwhile, Brooklyn experienced the strongest month for leasing since 2021.

Manhattan's rental market has become more challenging than ever for home seekers. Pricing in Brooklyn reached a new record as well, with a median rent of $4,296 per month. But it’s important to note that the number of active listings

Despite the drop in temperatures and rise in pricing, Manhattan’s rental market began 2026 with increased activity. Across the East River, Brooklyn’s rental market kicked off the year with its strongest January for signed leases since 2021.