Monthly Rent Report
Financial District Rent Report — September 2020
Asking rents in ZIP 10005, New York City, from 11,338 listings.
Median 1BR rent in Financial District was $3,970 in September 2020, down 2.9% (−$120) from August 2020. The middle half of 1BR listings asked between $3,377 and $4,383. That puts Financial District $2,145 above the New York City citywide 1BR median of $1,825. The month's figures are based on 11,338 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. August 2020 | Vs. Year Ago | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,822 | +$64 (+2.3%) | — | $2,744 – $2,917 | 3,603 |
| Studio | $2,822 | +$64 (+2.3%) | — | $2,744 – $2,918 | 3,677 |
| Studio | $2,723 | −$36 (-1.3%) | — | $2,233 – $3,317 | 74 |
| 1BR | $3,970 | −$120 (-2.9%) | — | $3,377 – $4,383 | 74 |
| 1BR | $3,772 | −$318 (-7.8%) | — | $3,571 – $3,972 | 1,744 |
| 1BR | $3,766 | −$324 (-7.9%) | — | $3,572 – $3,972 | 1,670 |
| 2BR | $5,620 | −$286 (-4.8%) | — | $4,769 – $6,500 | 40 |
| 2BR | $5,500 | −$406 (-6.9%) | — | $5,424 – $5,744 | 231 |
| 2BR | $5,500 | −$406 (-6.9%) | — | $5,429 – $5,699 | 191 |
| 3BR | $9,100 | +$1,700 (+23.0%) | — | $6,663 – $10,291 | 13 |
| 3BR | $10,475 | +$3,075 (+41.6%) | — | $8,578 – $10,750 | 4 |
| 3BR | $9,450 | +$2,050 (+27.7%) | — | $6,663 – $10,291 | 17 |
Median, P25, and P75 are asking rents from listings posted in September 2020. Changes compare against the nearest prior month with data.
Financial District vs. New York City — September 2020
| Bedrooms | Financial District Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,822 | $1,727 | +$1,096 (+63.5%) |
| Studio | $2,822 | $1,727 | +$1,096 (+63.5%) |
| Studio | $2,723 | $1,727 | +$996 (+57.7%) |
| 1BR | $3,970 | $1,825 | +$2,145 (+117.5%) |
| 1BR | $3,772 | $1,825 | +$1,947 (+106.7%) |
| 1BR | $3,766 | $1,825 | +$1,941 (+106.4%) |
| 2BR | $5,620 | $2,200 | +$3,420 (+155.5%) |
| 2BR | $5,500 | $2,200 | +$3,300 (+150.0%) |
| 2BR | $5,500 | $2,200 | +$3,300 (+150.0%) |
| 3BR | $9,100 | $2,600 | +$6,500 (+250.0%) |
| 3BR | $10,475 | $2,600 | +$7,875 (+302.9%) |
| 3BR | $9,450 | $2,600 | +$6,850 (+263.5%) |
Citywide figure is the median of zip-level medians across 166 New York City zip codes with listings in September 2020.