$5.6K Manhattan Rent Average Breaks NYC Records: Study

NEW YORK CITY — A Manhattan apartment cost a whopping and record-breaking near-$5,600 a month on average in July, according to a new study.

Summer rent prices broke records across New York City with averages hitting $5,558 per month in Manhattan, $4,347 in Brooklyn and $4,003 in Northwest Queens, the Douglas Elliman study shows.

The median rent in Manhattan hit $4,400 last month — also a new record, according to the Douglas Elliman study.

And, yet again, rent wasn't much better in Brooklyn and Queens.

The median rent in Brooklyn and northwest Queens stood at $3,950 and $3,916, respectively, for the month, according to the study.

"All three overall rental price trend indicators reached new highs," the study states.

Manhattan and Queens' median rents both reached all-time highs for the third time in four months, the study found.

And Brooklyn's median rents set a new record for the fourth month straight, according to the study.

New York City's rents have put many city dwellers in a financial bind, even before they led the nation.

Another recent study illustrated how that struggle could literally affect New Yorkers' future living space.

The study by Point2 asked the question: if renters paid a mortgage equal to their current rent, how much house could they buy in New York City?

The answer: a 728-square-foot home, according to the study.

Being a city of boroughs, the answer also depended on where in the city as well.

The most space in a rent-for-mortgage swap was found in The Bronx, where the maneuver would land a 635-square-foot home, the study found.

The least space? Manhattan, with a 473-square-foot home.