Monthly Rent Report
Financial District Rent Report — April 2023
Asking rents in ZIP 10005, New York City, from 260 listings.
Median 1BR rent in Financial District was $4,750 in April 2023, down 5.2% (−$260) from March 2023 and up 16.5% year-over-year. The middle half of 1BR listings asked between $4,284 and $5,154. That puts Financial District $2,378 above the New York City citywide 1BR median of $2,373. The month's figures are based on 260 listings across 11 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. March 2023 | Vs. April 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $3,840 | +$94 (+2.5%) | +$245 (+6.8%) | $3,375 – $4,311 | 62 |
| Studio | $3,494 | −$252 (-6.7%) | −$101 (-2.8%) | $3,374 – $3,498 | 3 |
| Studio | $3,598 | −$148 (-4.0%) | +$3 (+0.1%) | $3,451 – $3,815 | 75 |
| 1BR | $4,750 | −$260 (-5.2%) | +$671 (+16.5%) | $4,284 – $5,154 | 21 |
| 1BR | $4,218 | −$792 (-15.8%) | +$139 (+3.4%) | $4,207 – $4,230 | 2 |
| 1BR | $4,895 | −$115 (-2.3%) | +$816 (+20.0%) | $4,648 – $5,313 | 52 |
| 2BR | $6,911 | −$148 (-2.1%) | −$143 (-2.0%) | $6,552 – $7,072 | 15 |
| 2BR | $3,745 | −$3,314 (-47.0%) | −$3,309 (-46.9%) | $3,745 – $3,745 | 1 |
| 2BR | $7,930 | +$870 (+12.3%) | +$876 (+12.4%) | $6,706 – $8,299 | 24 |
| 3BR | $11,368 | −$3,626 (-24.2%) | +$4,793 (+72.9%) | $10,424 – $12,025 | 4 |
| 3BR | $10,000 | −$4,994 (-33.3%) | +$3,425 (+52.1%) | $10,000 – $10,000 | 1 |
Median, P25, and P75 are asking rents from listings posted in April 2023. Changes compare against the nearest prior month with data.
Financial District vs. New York City — April 2023
| Bedrooms | Financial District Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $3,840 | $2,349 | +$1,491 (+63.5%) |
| Studio | $3,494 | $2,349 | +$1,145 (+48.7%) |
| Studio | $3,598 | $2,349 | +$1,249 (+53.2%) |
| 1BR | $4,750 | $2,373 | +$2,378 (+100.2%) |
| 1BR | $4,218 | $2,373 | +$1,846 (+77.8%) |
| 1BR | $4,895 | $2,373 | +$2,523 (+106.3%) |
| 2BR | $6,911 | $2,795 | +$4,116 (+147.3%) |
| 2BR | $3,745 | $2,795 | +$950 (+34.0%) |
| 2BR | $7,930 | $2,795 | +$5,135 (+183.7%) |
| 3BR | $11,368 | $3,200 | +$8,168 (+255.3%) |
| 3BR | $10,000 | $3,200 | +$6,800 (+212.5%) |
Citywide figure is the median of zip-level medians across 175 New York City zip codes with listings in April 2023.