Monthly Rent Report
Financial District Rent Report — August 2023
Asking rents in ZIP 10005, New York City, from 206 listings.
Median 1BR rent in Financial District was $4,971 in August 2023, down 4.7% (−$244) from July 2023 and down 5.4% year-over-year. The middle half of 1BR listings asked between $4,783 and $5,072. That puts Financial District $2,621 above the New York City citywide 1BR median of $2,350. The month's figures are based on 206 listings across 11 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. July 2023 | Vs. August 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $3,675 | −$250 (-6.4%) | −$235 (-6.0%) | $3,675 – $3,675 | 1 |
| Studio | $3,750 | −$175 (-4.5%) | −$160 (-4.1%) | $3,493 – $4,136 | 75 |
| Studio | $3,760 | −$165 (-4.2%) | −$150 (-3.8%) | $3,649 – $3,926 | 32 |
| 1BR | $4,971 | −$244 (-4.7%) | −$282 (-5.4%) | $4,783 – $5,072 | 10 |
| 1BR | $4,949 | −$266 (-5.1%) | −$304 (-5.8%) | $4,949 – $4,949 | 1 |
| 1BR | $5,192 | −$23 (-0.5%) | −$61 (-1.2%) | $4,755 – $5,575 | 58 |
| 2BR | $7,363 | $0 (-0.0%) | +$613 (+9.1%) | $7,363 – $7,363 | 1 |
| 2BR | $4,027 | −$3,336 (-45.3%) | −$2,723 (-40.3%) | $4,027 – $4,027 | 1 |
| 2BR | $7,025 | −$338 (-4.6%) | +$275 (+4.1%) | $6,200 – $7,875 | 14 |
| 3BR | $11,500 | −$2,750 (-19.3%) | +$4,000 (+53.3%) | $7,950 – $12,500 | 9 |
| 3BR | $9,725 | −$4,525 (-31.8%) | +$2,225 (+29.7%) | $7,950 – $11,750 | 4 |
Median, P25, and P75 are asking rents from listings posted in August 2023. Changes compare against the nearest prior month with data.
Financial District vs. New York City — August 2023
| Bedrooms | Financial District Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $3,675 | $2,490 | +$1,185 (+47.6%) |
| Studio | $3,750 | $2,490 | +$1,260 (+50.6%) |
| Studio | $3,760 | $2,490 | +$1,270 (+51.0%) |
| 1BR | $4,971 | $2,350 | +$2,621 (+111.5%) |
| 1BR | $4,949 | $2,350 | +$2,599 (+110.6%) |
| 1BR | $5,192 | $2,350 | +$2,842 (+120.9%) |
| 2BR | $7,363 | $2,859 | +$4,504 (+157.5%) |
| 2BR | $4,027 | $2,859 | +$1,168 (+40.9%) |
| 2BR | $7,025 | $2,859 | +$4,166 (+145.7%) |
| 3BR | $11,500 | $3,413 | +$8,088 (+237.0%) |
| 3BR | $9,725 | $3,413 | +$6,313 (+185.0%) |
Citywide figure is the median of zip-level medians across 175 New York City zip codes with listings in August 2023.