Kips Bay is a neighborhood in the New York City borough of Manhattan. The New York Times defines the boundaries as the area between East 23rd Street to the South, East 34th Street to the North, Lexington Avenue to the West and the East River to the East The American Institute of Architects' AIA Guide to New York City considers the Western boundary to be Second Avenue.
Kips Bay is neighbored on the north by Murray Hill, on the west by Madison Square or Rose Hill, and on the south by the Gramercy Park neighborhood and the Peter Cooper Village apartment complex. It is part of Manhattan Community Board 6.
Currently, the average rents in this neighborhood are approximately:
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