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Rental Market Trends in Manhattan, IL

What is the average rent in Manhattan, IL?

$1,140/month

Average Rent

869 Sq Ft

Average Apartment Size

+1.7%

Increase in the Last Year

As of June 2025, the average rent in Manhattan, IL is $1,140 per month. This is 30% lower than the national average rent of $1,627/month, making renting in Manhattan more affordable than most cities in the US. When you rent an apartment in Manhattan, you can expect to pay about per month for a studio, $1,140 for a one-bedroom apartment, and around $1,248 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,326 or more.

Floor Plan Type
Average Rent
Average Sq Ft
One Bedroom
$1,140/month
869 Sq Ft
Two Bedroom
$1,248/month
1,031 Sq Ft
Three Bedroom
$1,326/month
1,200 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft

How much has average rent changed in Manhattan, IL?

In the past year, rent has increased by 1.7%, which averages out to $20 more per month.

Market Trends Over Time   The chart below compares average rent prices to the previous year during the same time period.
Last Updated June 2025
Legend
2024 2025
Market Trends Over Time
Rent Ranges in Manhattan, IL
Last Updated June 2025
$1,001 - $1,500
Most rental prices fall within this range
Rent Ranges in Manhattan, IL
Percentage*
Rent Range
0% Below $700/month
0% $700 - $1,000/month
100% $1,001 - $1,500/month
0% $1,501 - $2,000/month
0% Above $2,000/month

What salary do I need to live comfortably in Manhattan, IL?

Because the average rent in Manhattan is $1,140, you’ll want to make about $3,800 per month or $45,600 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.

City

Manhattan, IL

3 Available Apartments for Rent

Search for Nearby Apartments

How does Manhattan, IL compare to other nearby cities and neighborhoods?

Use the tool below to compare Manhattan, IL to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.

Apartment Averages

Nearby City Rent Trends

  • New Lenox Average Rent
  • Frankfort Average Rent
  • Joliet Average Rent

Apartment communities in Manhattan we think you'll love

25651 Barrow Rd

25651 Barrow Rd

25651 Barrow Rd,
Manhattan, IL 60442

3 Beds | $3,375

15749 W Crobally Way

15749 W Crobally Way

15749 W Crobally Way,
Manhattan, IL 60442

2 Beds | $2,800

14940 Cyrus Dr

14940 Cyrus Dr

14940 Cyrus Dr,
Manhattan, IL 60442

2 Beds | $2,750

Lincoln Station Rowhomes

Lincoln Station Rowhomes

208 N Prairie Rd,
New Lenox, IL 60451

Studio - 2 Beds | $2,135 - $2,695

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United States Illinois Manhattan Rental Trends

Methodology

† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.

Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.

Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in June 2025.

* Percentages may not total 100 due to rounding.

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Equal Housing Opportunity