studio in manhattan rent cost
To Rent a Studio in Manhattan, You'll Likely Need to Earn $107,000 a Year View Full Caption. MANHATTAN â The average studio rental in Manhattan cost $2,691 a month in March, according to a report released Thursday by Douglas Elliman. Since most landlords require a yearly salary that's roughly 40 times the monthly rent, that means a tenant in the average Manhattan studio would need to earn about $107,640 a year. Guarantors who co-sign leases â usually family members â are often required to make 80 times the monthly rent, which would be $215,280 a year.