Monthly Rent Report
Financial District Rent Report — February 2023
Asking rents in ZIP 10005, New York City, from 183 listings.
Median 1BR rent in Financial District was $5,397 in February 2023, up 14.4% (+$681) from January 2023 and up 33.8% year-over-year. The middle half of 1BR listings asked between $4,725 and $7,040. That puts Financial District $3,198 above the New York City citywide 1BR median of $2,200. The month's figures are based on 183 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. January 2023 | Vs. February 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $3,804 | +$468 (+14.0%) | +$779 (+25.7%) | $3,588 – $4,020 | 72 |
| Studio | $3,435 | +$99 (+3.0%) | +$410 (+13.6%) | $3,403 – $3,482 | 5 |
| Studio | $4,154 | +$818 (+24.5%) | +$1,129 (+37.3%) | $3,822 – $4,339 | 31 |
| 1BR | $5,397 | +$681 (+14.4%) | +$1,364 (+33.8%) | $4,725 – $7,040 | 28 |
| 1BR | $4,791 | +$75 (+1.6%) | +$758 (+18.8%) | $4,333 – $4,836 | 3 |
| 1BR | $4,561 | −$155 (-3.3%) | +$528 (+13.1%) | $4,346 – $4,664 | 23 |
| 2BR | $6,206 | −$894 (-12.6%) | −$1,144 (-15.6%) | $6,206 – $6,206 | 1 |
| 2BR | $7,475 | +$375 (+5.3%) | +$125 (+1.7%) | $7,048 – $7,935 | 14 |
| 2BR | $6,415 | −$685 (-9.6%) | −$935 (-12.7%) | $6,358 – $6,917 | 3 |
| 3BR | $7,127 | −$2,873 (-28.7%) | −$2,948 (-29.3%) | $7,127 – $7,127 | 1 |
| 3BR | $14,994 | +$4,994 (+49.9%) | +$4,919 (+48.8%) | $14,994 – $14,994 | 1 |
| 3BR | $7,127 | −$2,873 (-28.7%) | −$2,948 (-29.3%) | $7,127 – $7,127 | 1 |
Median, P25, and P75 are asking rents from listings posted in February 2023. Changes compare against the nearest prior month with data.
Financial District vs. New York City — February 2023
| Bedrooms | Financial District Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $3,804 | $2,260 | +$1,544 (+68.3%) |
| Studio | $3,435 | $2,260 | +$1,175 (+52.0%) |
| Studio | $4,154 | $2,260 | +$1,894 (+83.8%) |
| 1BR | $5,397 | $2,200 | +$3,198 (+145.4%) |
| 1BR | $4,791 | $2,200 | +$2,592 (+117.8%) |
| 1BR | $4,561 | $2,200 | +$2,362 (+107.4%) |
| 2BR | $6,206 | $2,695 | +$3,511 (+130.3%) |
| 2BR | $7,475 | $2,695 | +$4,780 (+177.4%) |
| 2BR | $6,415 | $2,695 | +$3,720 (+138.0%) |
| 3BR | $7,127 | $3,200 | +$3,927 (+122.7%) |
| 3BR | $14,994 | $3,200 | +$11,794 (+368.6%) |
| 3BR | $7,127 | $3,200 | +$3,927 (+122.7%) |
Citywide figure is the median of zip-level medians across 175 New York City zip codes with listings in February 2023.