Monthly Rent Report
Financial District Rent Report — October 2022
Asking rents in ZIP 10005, New York City, from 729 listings.
Median 1BR rent in Financial District was $4,997 in October 2022, down 0.2% (−$10) from September 2022 and up 9.2% year-over-year. The middle half of 1BR listings asked between $4,922 and $5,420. That puts Financial District $2,742 above the New York City citywide 1BR median of $2,255. The month's figures are based on 729 listings across 11 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. September 2022 | Vs. October 2021 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $3,994 | +$422 (+11.8%) | +$804 (+25.2%) | $3,619 – $4,366 | 36 |
| Studio | $3,617 | +$45 (+1.3%) | +$427 (+13.4%) | $3,542 – $3,797 | 303 |
| Studio | $3,468 | −$104 (-2.9%) | +$278 (+8.7%) | $3,432 – $3,520 | 8 |
| 1BR | $4,997 | −$10 (-0.2%) | +$423 (+9.2%) | $4,922 – $5,420 | 310 |
| 1BR | $5,099 | +$92 (+1.8%) | +$524 (+11.5%) | $4,669 – $6,106 | 36 |
| 1BR | $4,650 | −$357 (-7.1%) | +$76 (+1.7%) | $4,523 – $4,972 | 7 |
| 2BR | $6,750 | −$606 (-8.2%) | +$550 (+8.9%) | $6,578 – $7,194 | 15 |
| 2BR | $8,500 | +$1,144 (+15.6%) | +$2,300 (+37.1%) | $8,500 – $8,500 | 3 |
| 2BR | $6,725 | −$631 (-8.6%) | +$525 (+8.5%) | $6,713 – $6,738 | 2 |
| 3BR | $9,500 | +$5,000 (+111.1%) | +$3,205 (+50.9%) | $9,248 – $11,750 | 3 |
| 3BR | $10,200 | +$5,700 (+126.7%) | +$3,905 (+62.0%) | $9,125 – $13,225 | 6 |
Median, P25, and P75 are asking rents from listings posted in October 2022. Changes compare against the nearest prior month with data.
Financial District vs. New York City — October 2022
| Bedrooms | Financial District Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $3,994 | $2,283 | +$1,711 (+75.0%) |
| Studio | $3,617 | $2,283 | +$1,335 (+58.5%) |
| Studio | $3,468 | $2,283 | +$1,186 (+51.9%) |
| 1BR | $4,997 | $2,255 | +$2,742 (+121.6%) |
| 1BR | $5,099 | $2,255 | +$2,844 (+126.1%) |
| 1BR | $4,650 | $2,255 | +$2,395 (+106.2%) |
| 2BR | $6,750 | $2,700 | +$4,050 (+150.0%) |
| 2BR | $8,500 | $2,700 | +$5,800 (+214.8%) |
| 2BR | $6,725 | $2,700 | +$4,025 (+149.1%) |
| 3BR | $9,500 | $3,200 | +$6,300 (+196.9%) |
| 3BR | $10,200 | $3,200 | +$7,000 (+218.8%) |
Citywide figure is the median of zip-level medians across 173 New York City zip codes with listings in October 2022.