Manchester, NH Rental Market
Manchester is New Hampshire's largest city and the economic hub of the southern tier, uniquely positioned to benefit from New Hampshire's complete absence of both state income tax and sales tax — making it one of the lowest tax-burden environments of any significant metro in the country. As a Boston commuter alternative served by the Manchester-Boston Regional Airport and I-93, Manchester attracts a growing population of tech workers, healthcare professionals, and remote workers priced out of Massachusetts who value the 45-minute Boston proximity without the tax burden.
Get a rent estimate for an address in ManchesterAverage Rent in Manchester, NH
$1,580
per month · 2026-06
Market Score
Key Facts — Manchester, NH Rental Market
- Average rent in Manchester, NH:$1,580/mo
- Median rent:$1,454/mo
- Rent range:$800 – $3,500/mo
- Most common rental (2 bedrooms):$1,400/mo
- Active listings:520
- Avg days to lease:28 days
- Year-over-year change:+4.0%
- Median home value:$370,000
- Est. gross annual yield:5.1%
- Data as of:2026-06
Rent by Bedroom in Manchester, NH
Average monthly rent for each bedroom type based on current active listings in Manchester.
| Bedroom Type | Avg Rent/mo |
|---|---|
1 Bedroom | $1,125/mo |
2 Bedrooms | $1,400/mo |
3 Bedrooms | $1,775/mo |
4 Bedrooms | $2,175/mo |
5 Bedrooms | $2,500/mo |
Manchester Rental Market Statistics
Key indicators from the current Manchester, NH rental market.
520
Available now in Manchester
28
From list to lease
$1.22
Average across listings
1,300 sq ft
Typical rental size
$800 – $3,500
Min to max active listings
+4.0%
Avg rent vs. prior year
Investing in Manchester, NH Rental Properties
Estimated returns based on current market rents and median home values. Perform full due diligence before investing.
Median Home Value
$370,000
Typical purchase price in Manchester
Est. Gross Annual Yield
5.1%
Before expenses & vacancy
Avg Monthly Income
$1,580
At average market rent
Gross yield = (avg rent × 12) ÷ median home value. Does not include expenses, financing, vacancies, or management fees. Analyze a specific property in Manchester for a full cash-flow breakdown including all costs.
Manchester, NH Rental Market FAQ
Common questions about renting and investing in Manchester, NH.
What is the average rent in Manchester, NH?
The average rent in Manchester, NH is $1,580 per month as of 2026. One-bedroom apartments average $1,125/mo, two-bedrooms average $1,400/mo, and three-bedroom homes average $1,775/mo. The historic Millyard district and neighborhoods along the Merrimack River are undergoing significant revitalization and attract young professional tenants, while established residential neighborhoods in the west side offer family-oriented rentals at competitive price points.
Is Manchester, NH a good place to invest in rental property?
Manchester offers a 5.1% estimated gross annual yield with a strong 4.0% year-over-year rent growth rate. New Hampshire's zero income tax and zero sales tax create powerful incentives for Massachusetts workers to relocate across the border, driving consistent in-migration demand. Elliot Hospital and Catholic Medical Center provide stable healthcare employment, while Manchester-Boston Regional Airport and a growing technology employer presence add economic diversification.
How competitive is the Manchester, NH rental market?
Manchester has approximately 520 active listings and averages 28 days on market — a competitive pace driven by strong Boston-area overflow demand. The Millyard's converted mill loft apartments and river-view units lease fastest among young professionals. Family-sized single-family homes in desirable school districts lease quickly to Massachusetts transplants with children. Investors who price units to beat the Massachusetts equivalent after the NH tax savings calculation tend to achieve the fastest lease-up.
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