Hell's Kitchen Market Trends

Hell's Kitchen, also known as Clinton and Midtown West, is a neighborhood of Manhattan in New York City between 34th Street and 59th Street, from Eighth Avenue to the Hudson River. The area provides transportation, hospital and warehouse infrastructure support to the Midtown Manhattan business district. Its gritty reputation kept real estate prices below those of most other areas of Manhattan until the early 1990s; rents have increased dramatically since and are currently above the Manhattan average.
Once a bastion of poor and working-class Irish Americans, Hell's Kitchen's proximity to Midtown has changed it over the last three decades of the 20th century and into the new millennium. The 1969 edition of the City Planning Commission's Plan for New York City reported that development pressures related to its Midtown location were driving people of modest means from the area. Today, the area is gentrifying.
The rough-and-tumble days on the West Side figure prominently in Damon Runyon's stories and the childhood home of Marvel Comics' Daredevil. Being near to both Broadway theatres and Actors Studio training school the area has long been a home to actors learning and practicing their craft.

Currently, the average rents in this neighborhood are approximately:

Bedrooms Average Rent
Studios $2,659
1 bedroom $3,271
2 bedrooms $4,045
3 bedrooms $5,068
Listing Price Bed/Bath

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