Monthly Rent Report
Financial District Rent Report — April 2023
Asking rents in ZIP 10004, New York City, from 82 listings.
Median 1BR rent in Financial District was $3,873 in April 2023, down 13.9% (−$627) from March 2023 and down 15.8% year-over-year. The middle half of 1BR listings asked between $3,811 and $3,934. That puts Financial District $1,500 above the New York City citywide 1BR median of $2,373. The month's figures are based on 82 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. March 2023 | Vs. April 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $3,450 | −$200 (-5.5%) | −$50 (-1.4%) | $3,350 – $3,450 | 9 |
| Studio | $3,275 | −$375 (-10.3%) | −$225 (-6.4%) | $3,000 – $3,463 | 8 |
| 1BR | $3,873 | −$627 (-13.9%) | −$727 (-15.8%) | $3,811 – $3,934 | 2 |
| 1BR | $4,898 | +$398 (+8.8%) | +$298 (+6.5%) | $4,384 – $5,250 | 4 |
| 1BR | $4,500 | $0 (0.0%) | −$100 (-2.2%) | $4,300 – $5,250 | 21 |
| 2BR | $7,950 | +$2,475 (+45.2%) | +$950 (+13.6%) | $6,975 – $9,200 | 16 |
| 2BR | $4,700 | −$775 (-14.2%) | −$2,300 (-32.9%) | $4,700 – $4,700 | 1 |
| 3BR | $8,130 | −$4,870 (-37.5%) | — | $6,463 – $8,285 | 3 |
| 3BR | $12,500 | −$500 (-3.8%) | — | $11,500 – $12,500 | 5 |
| 3BR | $11,500 | −$1,500 (-11.5%) | — | $6,463 – $12,500 | 7 |
| 4BR | $14,000 | +$3,291 (+30.7%) | — | $14,000 – $14,000 | 3 |
| 4BR | $14,000 | +$3,291 (+30.7%) | — | $14,000 – $14,000 | 3 |
Median, P25, and P75 are asking rents from listings posted in April 2023. Changes compare against the nearest prior month with data.
Financial District vs. New York City — April 2023
| Bedrooms | Financial District Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $3,450 | $2,349 | +$1,101 (+46.9%) |
| Studio | $3,275 | $2,349 | +$926 (+39.4%) |
| 1BR | $3,873 | $2,373 | +$1,500 (+63.2%) |
| 1BR | $4,898 | $2,373 | +$2,525 (+106.4%) |
| 1BR | $4,500 | $2,373 | +$2,128 (+89.7%) |
| 2BR | $7,950 | $2,795 | +$5,155 (+184.4%) |
| 2BR | $4,700 | $2,795 | +$1,905 (+68.2%) |
| 3BR | $8,130 | $3,200 | +$4,930 (+154.1%) |
| 3BR | $12,500 | $3,200 | +$9,300 (+290.6%) |
| 3BR | $11,500 | $3,200 | +$8,300 (+259.4%) |
| 4BR | $14,000 | $4,148 | +$9,853 (+237.6%) |
| 4BR | $14,000 | $4,148 | +$9,853 (+237.6%) |
Citywide figure is the median of zip-level medians across 175 New York City zip codes with listings in April 2023.