Take a tour of New York's most expensive neighborhood for renters, where the apartments cost $6,500 a month

Sarah Jacobs/Business Insider

Central Park acts as a front yard for residents of 59th Street.

• Central Park South is the most expensive rental neighborhood in New York City.
• The neighborhood's median asking rent is $6,500 a month.
• Once known as "hotel row", many of those accommodations have now been converted into condos and co-ops.

One of Manhattan's smallest neighborhoods is also its most expensive for renters. Just below Central Park, between 5th and 8th Avenues on 58th and 59th Streets, you'll find the micro-neighborhood known as Central Park South.

This small stretch of Manhattan is bounded by the greenery of Central Park on one side and soaring condo buildings and five-star hotels on the other. Billionaire's Row, which earned its name from its sky-high buildings with sky-high prices, is nearby.

According to StreetEasy data, the median asking rent in Central Park South is $6,500 a month.

Below, take a look at this small but extremely expensive micro-hood.