Need a spot that’s more than just a room? Lower Manhattan’s function rooms can do it all—parties, weddings, meetings—you name it. From stylish lofts near Wall Street to elegant spaces with Hudson River views, this area is set to make your event shine. Whatever you’re planning, let’s find the perfect fit! Browse and compare our halls for the perfect deal.
The cost of function rooms in Lower Manhattan averages around $300 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 Lower Manhattan, based on Tagvenue data from October 2025:
| From $135 | to $700 | hire fee per hour |
| From $2000 | to $5889 | minimum spend per event |
| From $80 | to $123 | per person |
Based on the popularity and user ratings on Tagvenue (updated October 2025), the best options include:
Designer Soho Loft Space at The Farm Soho
in SoHo - rated 5/5
Our user said: ‘Time for setup and breakdown included; staff on site were very helpful and friendly. Building has elevator.’
Back Room at B Lounge NYC
in East Village - rated 4.9/5
Our user said: ‘This venue is absolutely perfect for any party! We had our own personal bartender who was amazing.’
Private Event Space at Gran Morsi
in TriBeCa - rated 4.8/5
Venue said: It features a sound system and individual restrooms. We offer a full-service private bar and audiovisual capabilities. All our events are staffed with a dedicated team and an on-site manager.
You'll find function rooms 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 Lower Manhattan, together with the standard prices in each size range, based on Tagvenue data (October 2025):
| Small function rooms | up to 40 guests | prices average $105 hire fee per hour |
| Medium function rooms | between 50 and 95 guests | prices average $5200 minimum spend per event |
| Large function rooms | over 115 guests | prices average $1500 hire fee per hour |