Monthly Rent Report
Financial District Rent Report — August 2020
Asking rents in ZIP 10005, New York City, from 11,203 listings.
Median 1BR rent in Financial District was $3,998 in August 2020, down 8.7% (−$379) from July 2020. The middle half of 1BR listings asked between $3,199 and $4,363. That puts Financial District $2,113 above the New York City citywide 1BR median of $1,885. The month's figures are based on 11,203 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. July 2020 | Vs. Year Ago | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,759 | +$72 (+2.7%) | — | $2,395 – $3,382 | 150 |
| Studio | $3,108 | +$421 (+15.7%) | — | $3,044 – $3,199 | 4,750 |
| Studio | $3,097 | +$410 (+15.3%) | — | $3,017 – $3,182 | 2,631 |
| 1BR | $3,998 | −$379 (-8.7%) | — | $3,199 – $4,363 | 144 |
| 1BR | $4,040 | −$337 (-7.7%) | — | $3,862 – $4,189 | 1,101 |
| 1BR | $4,090 | −$287 (-6.6%) | — | $3,939 – $4,227 | 1,847 |
| 2BR | $5,895 | −$25 (-0.4%) | — | $5,500 – $6,199 | 203 |
| 2BR | $5,275 | −$645 (-10.9%) | — | $4,346 – $6,388 | 82 |
| 2BR | $5,906 | −$14 (-0.2%) | — | $5,815 – $6,376 | 273 |
| 3BR | $12,024 | +$3,022 (+33.6%) | — | $12,012 – $12,037 | 2 |
| 3BR | $7,038 | −$1,965 (-21.8%) | — | $5,753 – $9,419 | 10 |
| 3BR | $7,400 | −$1,602 (-17.8%) | — | $6,425 – $10,150 | 10 |
Median, P25, and P75 are asking rents from listings posted in August 2020. Changes compare against the nearest prior month with data.
Financial District vs. New York City — August 2020
| Bedrooms | Financial District Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,759 | $1,750 | +$1,009 (+57.6%) |
| Studio | $3,108 | $1,750 | +$1,358 (+77.6%) |
| Studio | $3,097 | $1,750 | +$1,347 (+77.0%) |
| 1BR | $3,998 | $1,885 | +$2,113 (+112.1%) |
| 1BR | $4,040 | $1,885 | +$2,156 (+114.4%) |
| 1BR | $4,090 | $1,885 | +$2,206 (+117.0%) |
| 2BR | $5,895 | $2,250 | +$3,645 (+162.0%) |
| 2BR | $5,275 | $2,250 | +$3,025 (+134.4%) |
| 2BR | $5,906 | $2,250 | +$3,656 (+162.5%) |
| 3BR | $12,024 | $2,606 | +$9,418 (+361.4%) |
| 3BR | $7,038 | $2,606 | +$4,432 (+170.0%) |
| 3BR | $7,400 | $2,606 | +$4,794 (+184.0%) |
Citywide figure is the median of zip-level medians across 165 New York City zip codes with listings in August 2020.