THE MAGGIE MARSHALL TEAMLet’s connect THE MARKET / ONE-MINUTE UPDATE
A new high in Manhattan’s rental report
Corcoran’s September release brings a higher Manhattan median and fewer homes available at month-end.
Manhattan median last asking rent for reported signed leases · September 2026
View the source ↗Manhattan’s median last asking rent for apartments with leases reported signed reached $5,395 in September, up 9% from a year earlier, according to Corcoran. Its October 8 release also recorded 5,015 active listings at month-end, down 16% annually. The combination points to higher asking prices within the leased sample and a smaller month-end selection.
The definition matters. These are the final advertised rents attached to reported leases; the amounts agreed can be lower. Furnished and short-term rentals may be included. The figure therefore answers a different question from a median covering all homes advertised during the month, and neither measures every existing tenant’s rent.
MM&Co. perspective
For a new search, focus on the terms attached to the actual apartment: the stated rent, any free period, the lease length and the move-in date. A well-planned room or a workable commute may justify a closer look. The borough median sets a reference point; the lease and the apartment determine the experience.
The source
Corcoran · Manhattan Rental Market Report, September 2026Published: 2026-10-08
Data period: September 2026; annual comparison with September 2025
Last asking rents of apartments with leases reported signed; inventory at month-end. Pages 1–2 and footnotes: $5,395 median, +9% annually, 5,015 active listings, −16%. Includes possible furnished and short-term rentals; actual lease rents may be lower. Publication date from linked Corcoran report post.