Monthly Rent Report
Financial District Rent Report — June 2023
Asking rents in ZIP 10004, New York City, from 65 listings.
Median 1BR rent in Financial District was $5,345 in June 2023, up 24.3% (+$1,045) from May 2023 and up 12.5% year-over-year. The middle half of 1BR listings asked between $5,320 and $5,370. That puts Financial District $2,858 above the New York City citywide 1BR median of $2,488. The month's figures are based on 65 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. May 2023 | Vs. June 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $3,400 | −$172 (-4.8%) | −$100 (-2.9%) | $3,300 – $3,648 | 19 |
| Studio | $3,745 | +$173 (+4.8%) | +$245 (+7.0%) | $3,620 – $3,870 | 2 |
| Studio | $3,200 | −$372 (-10.4%) | −$300 (-8.6%) | $3,200 – $3,200 | 1 |
| 1BR | $5,345 | +$1,045 (+24.3%) | +$595 (+12.5%) | $5,320 – $5,370 | 2 |
| 1BR | $4,875 | +$575 (+13.4%) | +$125 (+2.6%) | $3,949 – $4,995 | 12 |
| 2BR | $5,950 | −$745 (-11.1%) | −$245 (-4.0%) | $5,950 – $5,950 | 1 |
| 2BR | $4,750 | −$1,945 (-29.1%) | −$1,445 (-23.3%) | $4,750 – $4,750 | 1 |
| 2BR | $8,900 | +$2,205 (+32.9%) | +$2,705 (+43.7%) | $6,500 – $9,950 | 14 |
| 3BR | $14,500 | +$7,853 (+118.1%) | −$5,400 (-27.1%) | $5,500 – $16,000 | 9 |
| 3BR | $10,750 | +$4,103 (+61.7%) | −$9,150 (-46.0%) | $8,125 – $13,375 | 2 |
Median, P25, and P75 are asking rents from listings posted in June 2023. Changes compare against the nearest prior month with data.
Financial District vs. New York City — June 2023
| Bedrooms | Financial District Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $3,400 | $2,500 | +$900 (+36.0%) |
| Studio | $3,745 | $2,500 | +$1,245 (+49.8%) |
| Studio | $3,200 | $2,500 | +$700 (+28.0%) |
| 1BR | $5,345 | $2,488 | +$2,858 (+114.9%) |
| 1BR | $4,875 | $2,488 | +$2,388 (+96.0%) |
| 2BR | $5,950 | $2,828 | +$3,122 (+110.4%) |
| 2BR | $4,750 | $2,828 | +$1,922 (+67.9%) |
| 2BR | $8,900 | $2,828 | +$6,072 (+214.7%) |
| 3BR | $14,500 | $3,300 | +$11,200 (+339.4%) |
| 3BR | $10,750 | $3,300 | +$7,450 (+225.8%) |
Citywide figure is the median of zip-level medians across 174 New York City zip codes with listings in June 2023.