Monthly Rent Report
Financial District Rent Report — October 2023
Asking rents in ZIP 10004, New York City, from 41 listings.
Median 1BR rent in Financial District was $4,975 in October 2023, down 0.4% (−$20) from September 2023 and up 24.4% year-over-year. The middle half of 1BR listings asked between $4,975 and $4,975. That puts Financial District $2,525 above the New York City citywide 1BR median of $2,450. The month's figures are based on 41 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. September 2023 | Vs. October 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $3,300 | −$12 (-0.4%) | −$50 (-1.5%) | $3,123 – $3,525 | 7 |
| Studio | $3,500 | +$188 (+5.7%) | +$150 (+4.5%) | $3,250 – $3,600 | 5 |
| 1BR | $4,975 | −$20 (-0.4%) | +$975 (+24.4%) | $4,975 – $4,975 | 2 |
| 1BR | $4,325 | −$670 (-13.4%) | +$325 (+8.1%) | $4,213 – $4,438 | 2 |
| 1BR | $3,995 | −$1,000 (-20.0%) | −$5 (-0.1%) | $3,995 – $3,995 | 1 |
| 2BR | $3,100 | −$3,995 (-56.3%) | −$5,400 (-63.5%) | $3,100 – $3,100 | 1 |
| 2BR | $8,100 | +$1,005 (+14.2%) | −$400 (-4.7%) | $6,338 – $8,200 | 3 |
| 3BR | $6,775 | +$125 (+1.9%) | −$2,125 (-23.9%) | $6,775 – $6,775 | 1 |
| 3BR | $14,050 | +$7,400 (+111.3%) | +$5,150 (+57.9%) | $7,000 – $14,500 | 8 |
| 3BR | $13,500 | +$6,850 (+103.0%) | +$4,600 (+51.7%) | $9,500 – $14,000 | 3 |
| 4BR | $16,500 | — | +$6,525 (+65.4%) | $16,500 – $16,500 | 4 |
| 4BR | $15,659 | — | +$5,684 (+57.0%) | $14,818 – $16,500 | 4 |
Median, P25, and P75 are asking rents from listings posted in October 2023. Changes compare against the nearest prior month with data.
Financial District vs. New York City — October 2023
| Bedrooms | Financial District Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $3,300 | $2,411 | +$890 (+36.9%) |
| Studio | $3,500 | $2,411 | +$1,090 (+45.2%) |
| 1BR | $4,975 | $2,450 | +$2,525 (+103.1%) |
| 1BR | $4,325 | $2,450 | +$1,875 (+76.5%) |
| 1BR | $3,995 | $2,450 | +$1,545 (+63.1%) |
| 2BR | $3,100 | $2,900 | +$200 (+6.9%) |
| 2BR | $8,100 | $2,900 | +$5,200 (+179.3%) |
| 3BR | $6,775 | $3,349 | +$3,426 (+102.3%) |
| 3BR | $14,050 | $3,349 | +$10,701 (+319.6%) |
| 3BR | $13,500 | $3,349 | +$10,151 (+303.1%) |
| 4BR | $16,500 | $4,200 | +$12,300 (+292.9%) |
| 4BR | $15,659 | $4,200 | +$11,459 (+272.8%) |
Citywide figure is the median of zip-level medians across 174 New York City zip codes with listings in October 2023.