Monthly Rent Report
Financial District Rent Report — August 2022
Asking rents in ZIP 10005, New York City, from 471 listings.
Median 1BR rent in Financial District was $5,253 in August 2022, up 4.9% (+$244) from July 2022 and up 12.7% year-over-year. The middle half of 1BR listings asked between $5,134 and $5,504. That puts Financial District $2,903 above the New York City citywide 1BR median of $2,350. The month's figures are based on 471 listings across 14 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. July 2022 | Vs. August 2021 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $3,820 | +$241 (+6.7%) | +$460 (+13.7%) | $3,795 – $3,845 | 2 |
| Studio | $3,700 | +$121 (+3.4%) | +$340 (+10.1%) | $3,380 – $4,349 | 81 |
| Studio | $3,910 | +$331 (+9.2%) | +$550 (+16.4%) | $3,749 – $4,161 | 188 |
| 1BR | $5,253 | +$244 (+4.9%) | +$590 (+12.7%) | $5,134 – $5,504 | 98 |
| 1BR | $3,900 | −$1,109 (-22.1%) | −$763 (-16.4%) | $3,775 – $4,025 | 2 |
| 1BR | $5,022 | +$13 (+0.3%) | +$359 (+7.7%) | $4,725 – $5,500 | 49 |
| 2BR | $6,750 | −$247 (-3.5%) | +$1,337 (+24.7%) | $6,750 – $6,750 | 1 |
| 2BR | $6,997 | $0 (0.0%) | +$1,584 (+29.3%) | $6,997 – $7,149 | 10 |
| 2BR | $7,358 | +$361 (+5.2%) | +$1,945 (+35.9%) | $6,853 – $8,900 | 31 |
| 3BR | $7,500 | −$6,000 (-44.4%) | −$295 (-3.8%) | $7,500 – $7,500 | 2 |
| 3BR | $7,500 | −$6,000 (-44.4%) | −$295 (-3.8%) | $7,500 – $7,500 | 1 |
| 3BR | $8,998 | −$4,502 (-33.4%) | +$1,203 (+15.4%) | $7,871 – $12,000 | 4 |
| 4BR | $12,750 | $0 (0.0%) | — | $12,750 – $12,750 | 1 |
| 4BR | $12,750 | $0 (0.0%) | — | $12,750 – $12,750 | 1 |
Median, P25, and P75 are asking rents from listings posted in August 2022. Changes compare against the nearest prior month with data.
Financial District vs. New York City — August 2022
| Bedrooms | Financial District Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $3,820 | $2,300 | +$1,520 (+66.1%) |
| Studio | $3,700 | $2,300 | +$1,400 (+60.9%) |
| Studio | $3,910 | $2,300 | +$1,610 (+70.0%) |
| 1BR | $5,253 | $2,350 | +$2,903 (+123.5%) |
| 1BR | $3,900 | $2,350 | +$1,550 (+66.0%) |
| 1BR | $5,022 | $2,350 | +$2,672 (+113.7%) |
| 2BR | $6,750 | $2,800 | +$3,950 (+141.1%) |
| 2BR | $6,997 | $2,800 | +$4,197 (+149.9%) |
| 2BR | $7,358 | $2,800 | +$4,558 (+162.8%) |
| 3BR | $7,500 | $3,350 | +$4,150 (+123.9%) |
| 3BR | $7,500 | $3,350 | +$4,150 (+123.9%) |
| 3BR | $8,998 | $3,350 | +$5,648 (+168.6%) |
| 4BR | $12,750 | $4,224 | +$8,526 (+201.9%) |
| 4BR | $12,750 | $4,224 | +$8,526 (+201.9%) |
Citywide figure is the median of zip-level medians across 168 New York City zip codes with listings in August 2022.