Typical Manhattan Apartment Now Costs $4K, Study Finds

This story has been updated to include Douglas Elliman's new May study on rentals.

NEW YORK CITY — Have $4,000 to shell out every month? You'd better if you — and, let's be honest, your roommates — want to live in Manhattan.

May rents across New York City continued a stratospheric rise to all-new highs, according to a new Douglas Elliman study.

Nowhere did prices get as too damn high as Manhattan, where the typical price for an apartment stood at a whopping 30 percent higher than a year ago, the study found.

"Median rent reached the $4,000 threshold for the first time as lease signings continued to rise," the study states.

Rents in April broke also records across New York City and rose by as much as 50 percent from the year before, according to another study by Douglas Elliman.

So, yes, the rent is so damn high now it makes last April's $2,975 prices look like chump change. And even when concessions are taken into account, it's still eye-watering.

"The net effective median rent, face rent less landlord concessions, surged annually by a record 38.7% to a record of $3,870," the study about April's prices states.

May's net effective median rent saw the second-hig

The back-to-back studies are only the latest to show what many New Yorkers have learned, likely with a growing sense of dread and panic: it's a tough time to rent in the city.

New York City now stands as the most expensive rental market in the U.S., and not a month goes by without prospective tenants learning prices are astronomically higher than a year ago.

Manhattan has always been the priciest borough to rent, but the monthly prices in May might take some by surprise.

A typical studio cost $2,975, while a one-bedroom cost $3,999, according to the study.

For a two-bedroom, the typical rent jumps to $4,995, the study found. And, finally, a three-bedroom's typical rent costs $6,498 a month, according to the study.

Prices were slightly cheaper in Brooklyn, with typical studios and one-bedrooms standing at $2,800 and $3,150, respectively, the study found.

Two-bedrooms and three-bedrooms in Brooklyn typically stood at $3,500 and $3,982, respectively, according to the study.

Queens prices were slightly less expensive than Brooklyn, with a typical studio costing $2,720 a month, the study found.

One-bedrooms, two-bedrooms and three-bedrooms in Queens typically cost $2,750, $3,738 and $3,200, respectively, the study found.

Read the full Douglas Elliman April study here.

And read the full May study from Douglas Elliman here.