Monthly Rent Report
Financial District Rent Report — March 2023
Asking rents in ZIP 10004, New York City, from 62 listings.
Median 1BR rent in Financial District was $4,800 in March 2023, up 12.9% (+$550) from February 2023 and up 12.3% year-over-year. The middle half of 1BR listings asked between $4,800 and $4,800. That puts Financial District $2,501 above the New York City citywide 1BR median of $2,299. The month's figures are based on 62 listings across 17 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. February 2023 | Vs. March 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $3,800 | +$100 (+2.7%) | +$600 (+18.8%) | $3,525 – $3,950 | 7 |
| Studio | $3,650 | −$50 (-1.4%) | +$450 (+14.1%) | $3,650 – $3,650 | 1 |
| Studio | $2,995 | −$705 (-19.1%) | −$205 (-6.4%) | $2,995 – $2,995 | 2 |
| 1BR | $4,800 | +$550 (+12.9%) | +$525 (+12.3%) | $4,800 – $4,800 | 2 |
| 1BR | $4,500 | +$250 (+5.9%) | +$225 (+5.3%) | $4,500 – $4,500 | 5 |
| 1BR | $4,500 | +$250 (+5.9%) | +$225 (+5.3%) | $4,000 – $4,900 | 17 |
| 2BR | $7,975 | +$1,780 (+28.7%) | +$1,850 (+30.2%) | $6,459 – $8,746 | 10 |
| 2BR | $5,475 | −$720 (-11.6%) | −$650 (-10.6%) | $3,675 – $7,413 | 4 |
| 2BR | $6,495 | +$300 (+4.8%) | +$370 (+6.0%) | $6,495 – $6,495 | 1 |
| 3BR | $8,695 | −$4,305 (-33.1%) | — | $5,605 – $11,875 | 4 |
| 3BR | $13,000 | $0 (0.0%) | — | $13,000 – $13,000 | 1 |
| 3BR | $6,110 | −$6,890 (-53.0%) | — | $6,110 – $6,110 | 1 |
| 4BR | $10,709 | $0 (0.0%) | — | $10,709 – $12,355 | 3 |
| 4BR | $10,709 | $0 (0.0%) | — | $10,709 – $10,709 | 1 |
Median, P25, and P75 are asking rents from listings posted in March 2023. Changes compare against the nearest prior month with data.
Financial District vs. New York City — March 2023
| Bedrooms | Financial District Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $3,800 | $2,200 | +$1,600 (+72.7%) |
| Studio | $3,650 | $2,200 | +$1,450 (+65.9%) |
| Studio | $2,995 | $2,200 | +$795 (+36.1%) |
| 1BR | $4,800 | $2,299 | +$2,501 (+108.8%) |
| 1BR | $4,500 | $2,299 | +$2,201 (+95.7%) |
| 1BR | $4,500 | $2,299 | +$2,201 (+95.7%) |
| 2BR | $7,975 | $2,650 | +$5,325 (+200.9%) |
| 2BR | $5,475 | $2,650 | +$2,825 (+106.6%) |
| 2BR | $6,495 | $2,650 | +$3,845 (+145.1%) |
| 3BR | $8,695 | $3,200 | +$5,495 (+171.7%) |
| 3BR | $13,000 | $3,200 | +$9,800 (+306.3%) |
| 3BR | $6,110 | $3,200 | +$2,910 (+90.9%) |
| 4BR | $10,709 | $3,995 | +$6,714 (+168.1%) |
| 4BR | $10,709 | $3,995 | +$6,714 (+168.1%) |
Citywide figure is the median of zip-level medians across 174 New York City zip codes with listings in March 2023.