Banquet Halls for Rent in Manhattan, NY

The cost of banquet halls averages around $500 hire fee per hour. The final price will depend on location, size, amenities, and demand. Some venues also offer additional packages that include catering, AV equipment, or additional services. Take a look at the usual price ranges in Manhattan, based on Tagvenue data from January 2026:

Based on the popularity and user ratings on Tagvenue (updated January 2026), the best options include:

• Entire Venue at The Dean NYC in Garment District - rated 4.9/5
  Our user said: ‘The Dean was a lovely and perfect venue for our end of year holiday gathering.’

• Studio 1 at Home Studios Inc. in Flatiron District - rated 4.9/5
  Our user said: ‘I recommend this space for a formal or casual gathering.’

• ILA Bar Room & Sanctuary at ILA Penthouse in Chelsea - rated 4.7/5
  Venue said: Whether you are interested in an intimate dinner, throwing a launch party, or challenging yourself to learn a new skill, ILA Penthouse is the place to be.

You'll find banquet halls in various sizes, from smaller spots to larger venues; keep in mind that the type of space and your chosen layout will affect the capacity! Below you can see the typical venue sizes in Manhattan, together with the standard prices in each size range, based on Tagvenue data (January 2026):

Banquet halls are large spaces that have been decorated and furnished for holding parties, receptions, or other gatherings which include a formal dinner. Hosting an event at the banquet hall allows you to create an intimate atmosphere while maintaining the space's upscale ambiance. You can find them in hotels, convention centers, and other venues that are large enough to accommodate gatherings with hundreds of guests. However, if you are planning an event with fewer people, there are many other options that can be just as suitable.

They are equipped with tables and chairs, catering equipment and supplies, a sound system, and other amenities that may be required for specific events. Some venues allow outside catering services and have kitchen facilities to accommodate them, while others only have on-site catering options. Banquet halls also offer event planning services as a part of the packages to help customers coordinate their events. They may also provide audiovisual equipment such as projectors and screens for presentations and slideshows. You might find venues also have dance floors and specialty rooms that can be used as an additional rental fee. Banquet halls are often decorated with crystal chandeliers, red carpeting, and other elements that add to the grandeur of the space which is perfect for a formal dinner.

The classic seating arrangement in banquet halls is round tables that often seat 8-12 people each, which should be spaced out enough so that people don't feel cramped. The centerpieces should be low enough in order not to block anyone's view, as it's important that the guests can see each other and have a conversation during the meal. However, you can also opt for rectangular tables instead of round ones, which is a more modern take on banquet halls.