Monthly Rent Report
Financial District Rent Report — December 2023
Asking rents in ZIP 10005, New York City, from 346 listings.
Median 1BR rent in Financial District was $4,848 in December 2023, down 2.9% (−$143) from November 2023 and down 3.0% year-over-year. The middle half of 1BR listings asked between $4,475 and $5,675. That puts Financial District $2,448 above the New York City citywide 1BR median of $2,400. The month's figures are based on 346 listings across 11 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. November 2023 | Vs. December 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $3,657 | −$243 (-6.2%) | −$277 (-7.0%) | $3,528 – $3,821 | 114 |
| Studio | $3,050 | −$850 (-21.8%) | −$884 (-22.5%) | $3,050 – $3,050 | 1 |
| Studio | $3,650 | −$250 (-6.4%) | −$284 (-7.2%) | $3,445 – $3,950 | 88 |
| 1BR | $4,848 | −$143 (-2.9%) | −$148 (-3.0%) | $4,475 – $5,675 | 68 |
| 1BR | $4,882 | −$109 (-2.2%) | −$114 (-2.3%) | $4,752 – $4,923 | 36 |
| 1BR | $4,385 | −$605 (-12.1%) | −$611 (-12.2%) | $4,303 – $4,468 | 2 |
| 2BR | $5,385 | −$1,905 (-26.1%) | −$1,640 (-23.3%) | $4,628 – $6,143 | 2 |
| 2BR | $6,000 | −$1,290 (-17.7%) | −$1,025 (-14.6%) | $5,325 – $8,013 | 20 |
| 2BR | $5,500 | −$1,790 (-24.6%) | −$1,525 (-21.7%) | $5,200 – $5,500 | 5 |
| 3BR | $7,965 | −$190 (-2.3%) | −$4,285 (-35.0%) | $7,965 – $7,965 | 1 |
| 3BR | $7,965 | −$190 (-2.3%) | −$4,285 (-35.0%) | $7,360 – $8,045 | 9 |
Median, P25, and P75 are asking rents from listings posted in December 2023. Changes compare against the nearest prior month with data.
Financial District vs. New York City — December 2023
| Bedrooms | Financial District Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $3,657 | $2,362 | +$1,295 (+54.9%) |
| Studio | $3,050 | $2,362 | +$688 (+29.2%) |
| Studio | $3,650 | $2,362 | +$1,288 (+54.6%) |
| 1BR | $4,848 | $2,400 | +$2,448 (+102.0%) |
| 1BR | $4,882 | $2,400 | +$2,482 (+103.4%) |
| 1BR | $4,385 | $2,400 | +$1,985 (+82.7%) |
| 2BR | $5,385 | $2,900 | +$2,485 (+85.7%) |
| 2BR | $6,000 | $2,900 | +$3,100 (+106.9%) |
| 2BR | $5,500 | $2,900 | +$2,600 (+89.7%) |
| 3BR | $7,965 | $3,500 | +$4,465 (+127.6%) |
| 3BR | $7,965 | $3,500 | +$4,465 (+127.6%) |
Citywide figure is the median of zip-level medians across 174 New York City zip codes with listings in December 2023.