Monthly Rent Report
ZIP 7701 Rent Report — May 2023
Asking rents in ZIP 7701, New York City, from 8 listings.
Median 1BR rent in ZIP 7701 was $2,200 in May 2023 and up 2.3% year-over-year. The middle half of 1BR listings asked between $2,200 and $2,200. That puts ZIP 7701 $277 below the New York City citywide 1BR median of $2,477. The month's figures are based on 8 listings across 4 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. April 2023 | Vs. May 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,800 | −$700 (-28.0%) | — | $1,800 – $1,800 | 5 |
| 1BR | $2,200 | — | +$50 (+2.3%) | $2,200 – $2,200 | 1 |
| 2BR | $2,450 | +$50 (+2.1%) | — | $2,450 – $2,450 | 1 |
| 3BR | $2,975 | −$25 (-0.8%) | — | $2,975 – $2,975 | 1 |
Median, P25, and P75 are asking rents from listings posted in May 2023. Changes compare against the nearest prior month with data.
ZIP 7701 vs. New York City — May 2023
| Bedrooms | ZIP 7701 Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,800 | $2,450 | −$650 (-26.5%) |
| 1BR | $2,200 | $2,477 | −$277 (-11.2%) |
| 2BR | $2,450 | $2,800 | −$350 (-12.5%) |
| 3BR | $2,975 | $3,225 | −$250 (-7.8%) |
Citywide figure is the median of zip-level medians across 174 New York City zip codes with listings in May 2023.