Monthly Rent Report
Financial District Rent Report — January 2023
Asking rents in ZIP 10005, New York City, from 854 listings.
Median 1BR rent in Financial District was $4,716 in January 2023, down 5.6% (−$280) from December 2022 and up 21.5% year-over-year. The middle half of 1BR listings asked between $4,341 and $5,063. That puts Financial District $2,427 above the New York City citywide 1BR median of $2,289. The month's figures are based on 854 listings across 11 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. December 2022 | Vs. January 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $3,336 | −$257 (-7.2%) | −$234 (-6.6%) | $3,336 – $3,336 | 1 |
| Studio | $3,806 | +$213 (+5.9%) | +$236 (+6.6%) | $3,653 – $4,043 | 386 |
| Studio | $3,500 | −$93 (-2.6%) | −$70 (-2.0%) | $3,325 – $4,099 | 95 |
| 1BR | $4,716 | −$280 (-5.6%) | +$836 (+21.5%) | $4,341 – $5,063 | 253 |
| 1BR | $3,845 | −$1,151 (-23.0%) | −$35 (-0.9%) | $3,546 – $4,144 | 2 |
| 1BR | $4,827 | −$169 (-3.4%) | +$947 (+24.4%) | $4,369 – $5,258 | 56 |
| 2BR | $6,495 | −$477 (-6.8%) | −$480 (-6.9%) | $6,495 – $6,495 | 1 |
| 2BR | $6,839 | −$133 (-1.9%) | −$136 (-1.9%) | $6,699 – $6,839 | 35 |
| 2BR | $7,100 | +$128 (+1.8%) | +$125 (+1.8%) | $6,577 – $8,017 | 19 |
| 3BR | $10,000 | −$2,250 (-18.4%) | +$3,306 (+49.4%) | $10,000 – $10,000 | 1 |
| 3BR | $11,378 | −$872 (-7.1%) | +$4,684 (+70.0%) | $10,000 – $13,000 | 5 |
Median, P25, and P75 are asking rents from listings posted in January 2023. Changes compare against the nearest prior month with data.
Financial District vs. New York City — January 2023
| Bedrooms | Financial District Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $3,336 | $2,197 | +$1,139 (+51.8%) |
| Studio | $3,806 | $2,197 | +$1,609 (+73.2%) |
| Studio | $3,500 | $2,197 | +$1,303 (+59.3%) |
| 1BR | $4,716 | $2,289 | +$2,427 (+106.0%) |
| 1BR | $3,845 | $2,289 | +$1,556 (+68.0%) |
| 1BR | $4,827 | $2,289 | +$2,538 (+110.9%) |
| 2BR | $6,495 | $2,700 | +$3,795 (+140.6%) |
| 2BR | $6,839 | $2,700 | +$4,139 (+153.3%) |
| 2BR | $7,100 | $2,700 | +$4,400 (+163.0%) |
| 3BR | $10,000 | $3,200 | +$6,800 (+212.5%) |
| 3BR | $11,378 | $3,200 | +$8,178 (+255.6%) |
Citywide figure is the median of zip-level medians across 173 New York City zip codes with listings in January 2023.