Monthly Rent Report
Financial District Rent Report — August 2024
Asking rents in ZIP 10004, New York City, from 54 listings.
Median 1BR rent in Financial District was $3,350 in August 2024, flat versus July 2024 and down 30.2% year-over-year. The middle half of 1BR listings asked between $2,947 and $4,638. That puts Financial District $960 above the New York City citywide 1BR median of $2,390. The month's figures are based on 54 listings across 5 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. July 2024 | Vs. August 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $3,400 | −$100 (-2.9%) | +$250 (+7.9%) | $3,363 – $3,438 | 6 |
| 1BR | $3,350 | $0 (0.0%) | −$1,450 (-30.2%) | $2,947 – $4,638 | 40 |
| 2BR | $4,495 | −$4,405 (-49.5%) | −$2,205 (-32.9%) | $4,495 – $4,495 | 2 |
| 3BR | $16,500 | +$9,350 (+130.8%) | +$4,500 (+37.5%) | $16,500 – $16,500 | 2 |
| 4BR | $6,848 | −$9,652 (-58.5%) | −$8,147 (-54.3%) | $6,700 – $9,371 | 4 |
Median, P25, and P75 are asking rents from listings posted in August 2024. Changes compare against the nearest prior month with data.
Financial District vs. New York City — August 2024
| Bedrooms | Financial District Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $3,400 | $2,500 | +$900 (+36.0%) |
| 1BR | $3,350 | $2,390 | +$960 (+40.2%) |
| 2BR | $4,495 | $2,900 | +$1,595 (+55.0%) |
| 3BR | $16,500 | $3,603 | +$12,897 (+358.0%) |
| 4BR | $6,848 | $4,225 | +$2,623 (+62.1%) |
Citywide figure is the median of zip-level medians across 176 New York City zip codes with listings in August 2024.