Monthly Rent Report
Financial District Rent Report — July 2023
Asking rents in ZIP 10005, New York City, from 105 listings.
Median 1BR rent in Financial District was $5,215 in July 2023, down 5.0% (−$276) from June 2023 and up 8.3% year-over-year. The middle half of 1BR listings asked between $4,900 and $5,509. That puts Financial District $2,765 above the New York City citywide 1BR median of $2,450. The month's figures are based on 105 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. June 2023 | Vs. July 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $3,626 | −$343 (-8.6%) | +$47 (+1.3%) | $3,570 – $3,727 | 8 |
| Studio | $3,821 | −$147 (-3.7%) | +$242 (+6.8%) | $3,698 – $4,166 | 42 |
| Studio | $3,925 | −$43 (-1.1%) | +$346 (+9.7%) | $3,594 – $4,235 | 20 |
| 1BR | $5,215 | −$276 (-5.0%) | +$399 (+8.3%) | $4,900 – $5,509 | 10 |
| 1BR | $4,747 | −$744 (-13.5%) | −$69 (-1.4%) | $4,747 – $4,844 | 3 |
| 1BR | $4,843 | −$648 (-11.8%) | +$27 (+0.6%) | $4,588 – $5,080 | 8 |
| 2BR | $6,975 | −$1,382 (-16.5%) | +$275 (+4.1%) | $6,613 – $7,338 | 2 |
| 2BR | $3,745 | −$4,612 (-55.2%) | −$2,955 (-44.1%) | $3,745 – $3,745 | 1 |
| 2BR | $7,364 | −$993 (-11.9%) | +$664 (+9.9%) | $7,112 – $7,568 | 4 |
| 3BR | $14,250 | $0 (0.0%) | +$750 (+5.6%) | $14,250 – $14,250 | 1 |
| 3BR | $15,000 | +$750 (+5.3%) | +$1,500 (+11.1%) | $15,000 – $15,000 | 1 |
| 3BR | $14,250 | $0 (0.0%) | +$750 (+5.6%) | $11,999 – $15,000 | 5 |
Median, P25, and P75 are asking rents from listings posted in July 2023. Changes compare against the nearest prior month with data.
Financial District vs. New York City — July 2023
| Bedrooms | Financial District Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $3,626 | $2,498 | +$1,128 (+45.2%) |
| Studio | $3,821 | $2,498 | +$1,324 (+53.0%) |
| Studio | $3,925 | $2,498 | +$1,428 (+57.2%) |
| 1BR | $5,215 | $2,450 | +$2,765 (+112.9%) |
| 1BR | $4,747 | $2,450 | +$2,297 (+93.8%) |
| 1BR | $4,843 | $2,450 | +$2,393 (+97.7%) |
| 2BR | $6,975 | $2,800 | +$4,175 (+149.1%) |
| 2BR | $3,745 | $2,800 | +$945 (+33.8%) |
| 2BR | $7,364 | $2,800 | +$4,564 (+163.0%) |
| 3BR | $14,250 | $3,400 | +$10,850 (+319.1%) |
| 3BR | $15,000 | $3,400 | +$11,600 (+341.2%) |
| 3BR | $14,250 | $3,400 | +$10,850 (+319.1%) |
Citywide figure is the median of zip-level medians across 174 New York City zip codes with listings in July 2023.