Monthly Rent Report
Financial District Rent Report — September 2023
Asking rents in ZIP 10005, New York City, from 11 listings.
Median 1BR rent in Financial District was $6,446 in September 2023, up 24.2% (+$1,255) from August 2023 and up 14.8% year-over-year. The middle half of 1BR listings asked between $6,052 and $6,840. That puts Financial District $3,946 above the New York City citywide 1BR median of $2,500. The month's figures are based on 11 listings across 5 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. August 2023 | Vs. September 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $3,675 | −$85 (-2.3%) | −$115 (-3.0%) | $3,275 – $3,700 | 5 |
| Studio | $3,150 | −$610 (-16.2%) | −$640 (-16.9%) | $3,150 – $3,150 | 1 |
| 1BR | $6,446 | +$1,255 (+24.2%) | +$830 (+14.8%) | $6,052 – $6,840 | 2 |
| 2BR | $4,027 | $0 (0.0%) | −$4,073 (-50.3%) | $4,027 – $4,027 | 1 |
| 3BR | $13,000 | +$3,275 (+33.7%) | +$8,500 (+188.9%) | $13,000 – $13,000 | 2 |
Median, P25, and P75 are asking rents from listings posted in September 2023. Changes compare against the nearest prior month with data.
Financial District vs. New York City — September 2023
| Bedrooms | Financial District Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $3,675 | $2,400 | +$1,275 (+53.1%) |
| Studio | $3,150 | $2,400 | +$750 (+31.3%) |
| 1BR | $6,446 | $2,500 | +$3,946 (+157.8%) |
| 2BR | $4,027 | $3,000 | +$1,027 (+34.2%) |
| 3BR | $13,000 | $3,500 | +$9,500 (+271.4%) |
Citywide figure is the median of zip-level medians across 175 New York City zip codes with listings in September 2023.