Monthly Rent Report
Financial District Rent Report — July 2023
Asking rents in ZIP 10004, New York City, from 29 listings.
Median 1BR rent in Financial District was $4,848 in July 2023, down 9.3% (−$497) from June 2023 and down 0.6% year-over-year. The middle half of 1BR listings asked between $4,463 and $5,041. That puts Financial District $2,398 above the New York City citywide 1BR median of $2,450. The month's figures are based on 29 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. June 2023 | Vs. July 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $3,600 | +$200 (+5.9%) | −$700 (-16.3%) | $3,500 – $3,749 | 4 |
| Studio | $3,595 | +$195 (+5.7%) | −$705 (-16.4%) | $3,545 – $3,673 | 7 |
| 1BR | $4,848 | −$497 (-9.3%) | −$27 (-0.6%) | $4,463 – $5,041 | 6 |
| 1BR | $4,895 | −$450 (-8.4%) | +$20 (+0.4%) | $4,895 – $4,895 | 1 |
| 1BR | $3,850 | −$1,495 (-28.0%) | −$1,025 (-21.0%) | $3,850 – $3,850 | 1 |
| 2BR | $4,750 | $0 (0.0%) | −$2,500 (-34.5%) | $4,750 – $4,750 | 2 |
| 2BR | $7,195 | +$2,445 (+51.5%) | −$55 (-0.8%) | $6,745 – $7,598 | 3 |
| 3BR | $7,785 | −$6,715 (-46.3%) | −$6,715 (-46.3%) | $7,642 – $7,927 | 2 |
| 3BR | $6,495 | −$8,005 (-55.2%) | −$8,005 (-55.2%) | $6,495 – $6,495 | 1 |
| 3BR | $7,150 | −$7,350 (-50.7%) | −$7,350 (-50.7%) | $6,825 – $7,475 | 2 |
Median, P25, and P75 are asking rents from listings posted in July 2023. Changes compare against the nearest prior month with data.
Financial District vs. New York City — July 2023
| Bedrooms | Financial District Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $3,600 | $2,498 | +$1,103 (+44.1%) |
| Studio | $3,595 | $2,498 | +$1,098 (+43.9%) |
| 1BR | $4,848 | $2,450 | +$2,398 (+97.9%) |
| 1BR | $4,895 | $2,450 | +$2,445 (+99.8%) |
| 1BR | $3,850 | $2,450 | +$1,400 (+57.1%) |
| 2BR | $4,750 | $2,800 | +$1,950 (+69.6%) |
| 2BR | $7,195 | $2,800 | +$4,395 (+157.0%) |
| 3BR | $7,785 | $3,400 | +$4,385 (+129.0%) |
| 3BR | $6,495 | $3,400 | +$3,095 (+91.0%) |
| 3BR | $7,150 | $3,400 | +$3,750 (+110.3%) |
Citywide figure is the median of zip-level medians across 174 New York City zip codes with listings in July 2023.