Monthly Rent Report
Financial District Rent Report — October 2020
Asking rents in ZIP 10005, New York City, from 481 listings.
Median 1BR rent in Financial District was $2,768 in October 2020, down 26.5% (−$998) from September 2020. The middle half of 1BR listings asked between $2,768 and $2,768. That puts Financial District $868 above the New York City citywide 1BR median of $1,900. The month's figures are based on 481 listings across 11 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. September 2020 | Vs. Year Ago | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,021 | −$801 (-28.4%) | — | $1,942 – $2,647 | 15 |
| Studio | $2,163 | −$659 (-23.4%) | — | $2,144 – $2,181 | 2 |
| Studio | $2,772 | −$50 (-1.8%) | — | $2,697 – $2,867 | 285 |
| 1BR | $2,768 | −$998 (-26.5%) | — | $2,768 – $2,768 | 1 |
| 1BR | $3,998 | +$232 (+6.1%) | — | $2,759 – $4,450 | 20 |
| 1BR | $3,681 | −$85 (-2.3%) | — | $3,602 – $3,972 | 122 |
| 2BR | $5,378 | −$122 (-2.2%) | — | $5,378 – $5,500 | 24 |
| 2BR | $4,825 | −$675 (-12.3%) | — | $3,851 – $5,849 | 4 |
| 2BR | $4,125 | −$1,375 (-25.0%) | — | $4,125 – $4,125 | 1 |
| 3BR | $6,673 | −$2,777 (-29.4%) | — | $6,036 – $7,425 | 6 |
| 3BR | $10,000 | +$550 (+5.8%) | — | $10,000 – $10,000 | 1 |
Median, P25, and P75 are asking rents from listings posted in October 2020. Changes compare against the nearest prior month with data.
Financial District vs. New York City — October 2020
| Bedrooms | Financial District Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,021 | $1,795 | +$227 (+12.6%) |
| Studio | $2,163 | $1,795 | +$368 (+20.5%) |
| Studio | $2,772 | $1,795 | +$978 (+54.5%) |
| 1BR | $2,768 | $1,900 | +$868 (+45.7%) |
| 1BR | $3,998 | $1,900 | +$2,098 (+110.4%) |
| 1BR | $3,681 | $1,900 | +$1,781 (+93.7%) |
| 2BR | $5,378 | $2,250 | +$3,128 (+139.0%) |
| 2BR | $4,825 | $2,250 | +$2,575 (+114.4%) |
| 2BR | $4,125 | $2,250 | +$1,875 (+83.3%) |
| 3BR | $6,673 | $2,650 | +$4,023 (+151.8%) |
| 3BR | $10,000 | $2,650 | +$7,350 (+277.4%) |
Citywide figure is the median of zip-level medians across 165 New York City zip codes with listings in October 2020.