Monthly Rent Report
Financial District Rent Report — October 2023
Asking rents in ZIP 10005, New York City, from 86 listings.
Median 1BR rent in Financial District was $4,652 in October 2023, down 27.8% (−$1,794) from September 2023 and up 0.0% year-over-year. The middle half of 1BR listings asked between $3,950 and $5,009. That puts Financial District $2,202 above the New York City citywide 1BR median of $2,450. The month's figures are based on 86 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. September 2023 | Vs. October 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $3,150 | −$525 (-14.3%) | −$843 (-21.1%) | $3,150 – $3,200 | 3 |
| Studio | $3,655 | −$20 (-0.5%) | −$338 (-8.5%) | $3,600 – $3,785 | 25 |
| Studio | $3,682 | +$7 (+0.2%) | −$311 (-7.8%) | $3,567 – $3,824 | 11 |
| 1BR | $4,652 | −$1,794 (-27.8%) | +$2 (+0.0%) | $3,950 – $5,009 | 9 |
| 1BR | $5,440 | −$1,006 (-15.6%) | +$790 (+17.0%) | $5,100 – $6,821 | 5 |
| 1BR | $4,530 | −$1,916 (-29.7%) | −$120 (-2.6%) | $4,250 – $5,420 | 15 |
| 2BR | $5,950 | +$1,923 (+47.8%) | −$800 (-11.9%) | $5,491 – $6,410 | 2 |
| 2BR | $5,880 | +$1,853 (+46.0%) | −$870 (-12.9%) | $5,665 – $6,278 | 3 |
| 2BR | $6,490 | +$2,463 (+61.2%) | −$260 (-3.9%) | $6,490 – $6,490 | 1 |
| 3BR | $8,500 | −$4,500 (-34.6%) | −$1,700 (-16.7%) | $7,475 – $9,000 | 9 |
| 3BR | $7,998 | −$5,002 (-38.5%) | −$2,202 (-21.6%) | $7,496 – $8,499 | 2 |
| 3BR | $6,995 | −$6,005 (-46.2%) | −$3,205 (-31.4%) | $6,995 – $6,995 | 1 |
Median, P25, and P75 are asking rents from listings posted in October 2023. Changes compare against the nearest prior month with data.
Financial District vs. New York City — October 2023
| Bedrooms | Financial District Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $3,150 | $2,411 | +$740 (+30.7%) |
| Studio | $3,655 | $2,411 | +$1,245 (+51.6%) |
| Studio | $3,682 | $2,411 | +$1,272 (+52.7%) |
| 1BR | $4,652 | $2,450 | +$2,202 (+89.9%) |
| 1BR | $5,440 | $2,450 | +$2,990 (+122.0%) |
| 1BR | $4,530 | $2,450 | +$2,080 (+84.9%) |
| 2BR | $5,950 | $2,900 | +$3,050 (+105.2%) |
| 2BR | $5,880 | $2,900 | +$2,980 (+102.8%) |
| 2BR | $6,490 | $2,900 | +$3,590 (+123.8%) |
| 3BR | $8,500 | $3,349 | +$5,151 (+153.8%) |
| 3BR | $7,998 | $3,349 | +$4,649 (+138.8%) |
| 3BR | $6,995 | $3,349 | +$3,646 (+108.9%) |
Citywide figure is the median of zip-level medians across 174 New York City zip codes with listings in October 2023.