Manhattan average rent hit an all-time high of $6,655 per month and median rent reached $5,295 per month according to Corcoran Sunshine Marketing Group data reported by Townhall and nypost.com. Year-over-year average rent rose 10 percent while median rent rose 6 percent from the prior July, with record-low vacancies citywide. Mayor Zohran Mamdani implemented a rent freeze on stabilized units and a pied-à-terre tax that remains blocked by litigation.