Monthly Rent Report
Financial District Rent Report — August 2021
Asking rents in ZIP 10005, New York City, from 694 listings.
Median 1BR rent in Financial District was $4,663 in August 2021, up 45.9% (+$1,468) from July 2021 and up 14.0% year-over-year. The middle half of 1BR listings asked between $4,165 and $5,673. That puts Financial District $2,803 above the New York City citywide 1BR median of $1,860. The month's figures are based on 694 listings across 8 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. July 2021 | Vs. August 2020 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $3,360 | +$208 (+6.6%) | +$263 (+8.5%) | $3,360 – $3,360 | 1 |
| Studio | $3,838 | +$686 (+21.8%) | +$741 (+23.9%) | $3,471 – $3,969 | 464 |
| 1BR | $4,663 | +$1,468 (+45.9%) | +$573 (+14.0%) | $4,165 – $5,673 | 3 |
| 1BR | $4,651 | +$1,456 (+45.6%) | +$561 (+13.7%) | $4,390 – $4,701 | 189 |
| 2BR | $5,413 | +$65 (+1.2%) | −$493 (-8.3%) | $5,413 – $5,413 | 1 |
| 2BR | $6,332 | +$984 (+18.4%) | +$426 (+7.2%) | $6,332 – $6,332 | 30 |
| 3BR | $7,795 | −$3,430 (-30.6%) | +$395 (+5.3%) | $7,795 – $7,795 | 1 |
| 3BR | $7,795 | −$3,430 (-30.6%) | +$395 (+5.3%) | $7,795 – $8,295 | 5 |
Median, P25, and P75 are asking rents from listings posted in August 2021. Changes compare against the nearest prior month with data.
Financial District vs. New York City — August 2021
| Bedrooms | Financial District Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $3,360 | $1,749 | +$1,611 (+92.1%) |
| Studio | $3,838 | $1,749 | +$2,089 (+119.4%) |
| 1BR | $4,663 | $1,860 | +$2,803 (+150.7%) |
| 1BR | $4,651 | $1,860 | +$2,791 (+150.1%) |
| 2BR | $5,413 | $2,275 | +$3,138 (+137.9%) |
| 2BR | $6,332 | $2,275 | +$4,057 (+178.3%) |
| 3BR | $7,795 | $2,648 | +$5,148 (+194.4%) |
| 3BR | $7,795 | $2,648 | +$5,148 (+194.4%) |
Citywide figure is the median of zip-level medians across 166 New York City zip codes with listings in August 2021.