Manhattan renters are now forking out a record-breaking average of $5,588 per month, even though people are still flooding out of New York

• Rent in New York City keeps hitting record highs even as migration from the city and state soars.
• In Manhattan, average rent in July was $5,588, up 2.2% from June and 9.3% from the previous year.
• People have been moving from New York State to low-tax Florida, as well as neighboring states.

Even as people continue to flock from New York City, rent is still hitting record highs.