Monthly Rent Report
Financial District Rent Report — May 2023
Asking rents in ZIP 10005, New York City, from 299 listings.
Median 1BR rent in Financial District was $5,500 in May 2023, up 12.4% (+$605) from April 2023 and up 12.9% year-over-year. The middle half of 1BR listings asked between $4,878 and $6,000. That puts Financial District $3,023 above the New York City citywide 1BR median of $2,477. The month's figures are based on 299 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. April 2023 | Vs. May 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $3,411 | −$187 (-5.2%) | −$789 (-18.8%) | $3,299 – $3,527 | 4 |
| Studio | $4,120 | +$522 (+14.5%) | −$80 (-1.9%) | $3,630 – $4,495 | 87 |
| Studio | $3,742 | +$144 (+4.0%) | −$458 (-10.9%) | $3,481 – $4,084 | 85 |
| 1BR | $5,500 | +$605 (+12.4%) | +$630 (+12.9%) | $4,878 – $6,000 | 39 |
| 1BR | $4,992 | +$97 (+2.0%) | +$122 (+2.5%) | $4,596 – $5,227 | 27 |
| 1BR | $5,435 | +$540 (+11.0%) | +$565 (+11.6%) | $5,435 – $5,435 | 1 |
| 2BR | $7,890 | −$39 (-0.5%) | +$1,430 (+22.1%) | $7,000 – $8,836 | 30 |
| 2BR | $6,928 | −$1,001 (-12.6%) | +$468 (+7.2%) | $6,814 – $7,208 | 13 |
| 2BR | $6,393 | −$1,536 (-19.4%) | −$67 (-1.0%) | $5,986 – $6,801 | 2 |
| 3BR | $10,519 | −$849 (-7.5%) | +$2,019 (+23.8%) | $10,519 – $10,519 | 1 |
| 3BR | $11,368 | $0 (0.0%) | +$2,868 (+33.7%) | $10,000 – $13,250 | 9 |
| 3BR | $13,500 | +$2,132 (+18.8%) | +$5,000 (+58.8%) | $13,500 – $13,500 | 1 |
Median, P25, and P75 are asking rents from listings posted in May 2023. Changes compare against the nearest prior month with data.
Financial District vs. New York City — May 2023
| Bedrooms | Financial District Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $3,411 | $2,450 | +$961 (+39.2%) |
| Studio | $4,120 | $2,450 | +$1,670 (+68.2%) |
| Studio | $3,742 | $2,450 | +$1,292 (+52.7%) |
| 1BR | $5,500 | $2,477 | +$3,023 (+122.0%) |
| 1BR | $4,992 | $2,477 | +$2,515 (+101.5%) |
| 1BR | $5,435 | $2,477 | +$2,958 (+119.4%) |
| 2BR | $7,890 | $2,800 | +$5,090 (+181.8%) |
| 2BR | $6,928 | $2,800 | +$4,128 (+147.4%) |
| 2BR | $6,393 | $2,800 | +$3,593 (+128.3%) |
| 3BR | $10,519 | $3,225 | +$7,294 (+226.2%) |
| 3BR | $11,368 | $3,225 | +$8,143 (+252.5%) |
| 3BR | $13,500 | $3,225 | +$10,275 (+318.6%) |
Citywide figure is the median of zip-level medians across 174 New York City zip codes with listings in May 2023.