Monthly Rent Report
Financial District Rent Report — March 2023
Asking rents in ZIP 10005, New York City, from 230 listings.
Median 1BR rent in Financial District was $3,942 in March 2023, down 13.6% (−$619) from February 2023 and down 17.8% year-over-year. The middle half of 1BR listings asked between $3,942 and $3,942. That puts Financial District $1,643 above the New York City citywide 1BR median of $2,299. The month's figures are based on 230 listings across 11 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. February 2023 | Vs. March 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $3,079 | −$1,075 (-25.9%) | −$382 (-11.0%) | $3,079 – $3,079 | 1 |
| Studio | $3,746 | −$408 (-9.8%) | +$285 (+8.2%) | $3,593 – $4,003 | 94 |
| Studio | $3,729 | −$425 (-10.2%) | +$268 (+7.7%) | $3,350 – $4,005 | 49 |
| 1BR | $3,942 | −$619 (-13.6%) | −$855 (-17.8%) | $3,942 – $3,942 | 1 |
| 1BR | $4,682 | +$121 (+2.6%) | −$115 (-2.4%) | $4,477 – $4,875 | 28 |
| 1BR | $5,010 | +$449 (+9.8%) | +$213 (+4.4%) | $4,551 – $5,574 | 28 |
| 2BR | $7,060 | +$854 (+13.8%) | +$374 (+5.6%) | $6,791 – $7,592 | 6 |
| 2BR | $6,799 | +$593 (+9.6%) | +$113 (+1.7%) | $6,799 – $6,799 | 1 |
| 2BR | $6,950 | +$744 (+12.0%) | +$264 (+3.9%) | $6,736 – $7,619 | 16 |
| 3BR | $14,994 | $0 (0.0%) | +$5,062 (+51.0%) | $11,292 – $14,994 | 3 |
| 3BR | $14,994 | $0 (0.0%) | +$5,062 (+51.0%) | $11,292 – $14,994 | 3 |
Median, P25, and P75 are asking rents from listings posted in March 2023. Changes compare against the nearest prior month with data.
Financial District vs. New York City — March 2023
| Bedrooms | Financial District Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $3,079 | $2,200 | +$879 (+40.0%) |
| Studio | $3,746 | $2,200 | +$1,546 (+70.3%) |
| Studio | $3,729 | $2,200 | +$1,529 (+69.5%) |
| 1BR | $3,942 | $2,299 | +$1,643 (+71.5%) |
| 1BR | $4,682 | $2,299 | +$2,383 (+103.6%) |
| 1BR | $5,010 | $2,299 | +$2,711 (+117.9%) |
| 2BR | $7,060 | $2,650 | +$4,410 (+166.4%) |
| 2BR | $6,799 | $2,650 | +$4,149 (+156.6%) |
| 2BR | $6,950 | $2,650 | +$4,300 (+162.3%) |
| 3BR | $14,994 | $3,200 | +$11,794 (+368.6%) |
| 3BR | $14,994 | $3,200 | +$11,794 (+368.6%) |
Citywide figure is the median of zip-level medians across 174 New York City zip codes with listings in March 2023.