Monthly Rent Report
Financial District Rent Report — June 2023
Asking rents in ZIP 10005, New York City, from 304 listings.
Median 1BR rent in Financial District was $5,491 in June 2023, down 0.2% (−$9) from May 2023 and down 0.2% year-over-year. The middle half of 1BR listings asked between $4,943 and $6,196. That puts Financial District $3,004 above the New York City citywide 1BR median of $2,488. The month's figures are based on 304 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. May 2023 | Vs. June 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $3,969 | +$558 (+16.4%) | −$28 (-0.7%) | $3,651 – $4,367 | 84 |
| Studio | $3,926 | +$516 (+15.1%) | −$71 (-1.8%) | $3,903 – $3,930 | 6 |
| Studio | $4,000 | +$590 (+17.3%) | +$3 (+0.1%) | $3,650 – $4,474 | 103 |
| 1BR | $5,491 | −$9 (-0.2%) | −$9 (-0.2%) | $4,943 – $6,196 | 54 |
| 1BR | $4,930 | −$570 (-10.4%) | −$570 (-10.4%) | $4,913 – $4,980 | 3 |
| 1BR | $4,988 | −$512 (-9.3%) | −$512 (-9.3%) | $4,909 – $5,355 | 18 |
| 2BR | $7,282 | +$354 (+5.1%) | +$2,687 (+58.5%) | $6,982 – $7,694 | 8 |
| 2BR | $9,500 | +$2,572 (+37.1%) | +$4,905 (+106.7%) | $8,695 – $9,550 | 3 |
| 2BR | $8,357 | +$1,429 (+20.6%) | +$3,762 (+81.9%) | $7,890 – $9,600 | 16 |
| 3BR | $14,250 | +$2,882 (+25.4%) | +$5,750 (+67.6%) | $14,250 – $14,250 | 1 |
| 3BR | $12,500 | +$1,132 (+10.0%) | +$4,000 (+47.1%) | $12,250 – $13,350 | 7 |
| 3BR | $14,250 | +$2,882 (+25.4%) | +$5,750 (+67.6%) | $14,250 – $14,250 | 1 |
Median, P25, and P75 are asking rents from listings posted in June 2023. Changes compare against the nearest prior month with data.
Financial District vs. New York City — June 2023
| Bedrooms | Financial District Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $3,969 | $2,500 | +$1,469 (+58.7%) |
| Studio | $3,926 | $2,500 | +$1,426 (+57.0%) |
| Studio | $4,000 | $2,500 | +$1,500 (+60.0%) |
| 1BR | $5,491 | $2,488 | +$3,004 (+120.7%) |
| 1BR | $4,930 | $2,488 | +$2,443 (+98.2%) |
| 1BR | $4,988 | $2,488 | +$2,501 (+100.5%) |
| 2BR | $7,282 | $2,828 | +$4,453 (+157.5%) |
| 2BR | $9,500 | $2,828 | +$6,672 (+235.9%) |
| 2BR | $8,357 | $2,828 | +$5,529 (+195.5%) |
| 3BR | $14,250 | $3,300 | +$10,950 (+331.8%) |
| 3BR | $12,500 | $3,300 | +$9,200 (+278.8%) |
| 3BR | $14,250 | $3,300 | +$10,950 (+331.8%) |
Citywide figure is the median of zip-level medians across 174 New York City zip codes with listings in June 2023.