Monthly Rent Report
Financial District Rent Report — August 2023
Asking rents in ZIP 10004, New York City, from 99 listings.
Median 1BR rent in Financial District was $4,850 in August 2023, down 0.9% (−$45) from July 2023 and down 2.0% year-over-year. The middle half of 1BR listings asked between $4,700 and $5,000. That puts Financial District $2,500 above the New York City citywide 1BR median of $2,350. The month's figures are based on 99 listings across 14 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. July 2023 | Vs. August 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $3,150 | −$450 (-12.5%) | −$350 (-10.0%) | $3,150 – $3,150 | 1 |
| Studio | $3,395 | −$205 (-5.7%) | −$105 (-3.0%) | $3,000 – $3,600 | 20 |
| Studio | $3,750 | +$150 (+4.2%) | +$250 (+7.1%) | $3,650 – $3,850 | 2 |
| 1BR | $4,850 | −$45 (-0.9%) | −$100 (-2.0%) | $4,700 – $5,000 | 2 |
| 1BR | $4,800 | −$95 (-1.9%) | −$150 (-3.0%) | $4,490 – $5,111 | 30 |
| 1BR | $6,200 | +$1,305 (+26.7%) | +$1,250 (+25.3%) | $5,800 – $6,600 | 2 |
| 2BR | $6,700 | −$495 (-6.9%) | −$800 (-10.7%) | $6,700 – $6,700 | 1 |
| 2BR | $8,000 | +$805 (+11.2%) | +$500 (+6.7%) | $7,095 – $9,200 | 13 |
| 3BR | $7,800 | +$650 (+9.1%) | +$1,405 (+22.0%) | $7,398 – $13,125 | 12 |
| 3BR | $7,395 | +$245 (+3.4%) | +$1,000 (+15.6%) | $7,395 – $7,395 | 1 |
| 3BR | $12,000 | +$4,850 (+67.8%) | +$5,605 (+87.6%) | $7,800 – $16,500 | 9 |
| 4BR | $14,995 | — | +$495 (+3.4%) | $14,995 – $14,995 | 1 |
| 4BR | $14,818 | — | +$318 (+2.2%) | $14,818 – $14,818 | 1 |
| 4BR | $14,818 | — | +$318 (+2.2%) | $14,818 – $14,818 | 4 |
Median, P25, and P75 are asking rents from listings posted in August 2023. Changes compare against the nearest prior month with data.
Financial District vs. New York City — August 2023
| Bedrooms | Financial District Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $3,150 | $2,490 | +$660 (+26.5%) |
| Studio | $3,395 | $2,490 | +$905 (+36.3%) |
| Studio | $3,750 | $2,490 | +$1,260 (+50.6%) |
| 1BR | $4,850 | $2,350 | +$2,500 (+106.4%) |
| 1BR | $4,800 | $2,350 | +$2,450 (+104.3%) |
| 1BR | $6,200 | $2,350 | +$3,850 (+163.8%) |
| 2BR | $6,700 | $2,859 | +$3,841 (+134.3%) |
| 2BR | $8,000 | $2,859 | +$5,141 (+179.8%) |
| 3BR | $7,800 | $3,413 | +$4,388 (+128.6%) |
| 3BR | $7,395 | $3,413 | +$3,983 (+116.7%) |
| 3BR | $12,000 | $3,413 | +$8,588 (+251.6%) |
| 4BR | $14,995 | $4,200 | +$10,795 (+257.0%) |
| 4BR | $14,818 | $4,200 | +$10,618 (+252.8%) |
| 4BR | $14,818 | $4,200 | +$10,618 (+252.8%) |
Citywide figure is the median of zip-level medians across 175 New York City zip codes with listings in August 2023.