Monthly Rent Report
Financial District Rent Report — January 2024
Asking rents in ZIP 10005, New York City, from 208 listings.
Median 1BR rent in Financial District was $4,418 in January 2024, down 8.9% (−$430) from December 2023 and down 6.3% year-over-year. The middle half of 1BR listings asked between $3,867 and $4,480. That puts Financial District $2,068 above the New York City citywide 1BR median of $2,350. The month's figures are based on 208 listings across 11 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. December 2023 | Vs. January 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,924 | −$733 (-20.0%) | −$881 (-23.2%) | $2,909 – $3,240 | 3 |
| Studio | $3,886 | +$229 (+6.3%) | +$81 (+2.1%) | $3,886 – $3,886 | 1 |
| Studio | $3,610 | −$47 (-1.3%) | −$195 (-5.1%) | $3,418 – $3,950 | 79 |
| 1BR | $4,418 | −$430 (-8.9%) | −$298 (-6.3%) | $3,867 – $4,480 | 10 |
| 1BR | $4,918 | +$70 (+1.4%) | +$202 (+4.3%) | $4,880 – $5,050 | 6 |
| 1BR | $5,225 | +$378 (+7.8%) | +$509 (+10.8%) | $4,615 – $6,329 | 56 |
| 2BR | $7,152 | +$1,652 (+30.0%) | +$313 (+4.6%) | $5,525 – $7,979 | 30 |
| 2BR | $6,325 | +$825 (+15.0%) | −$514 (-7.5%) | $6,325 – $6,325 | 1 |
| 2BR | $4,673 | −$827 (-15.0%) | −$2,166 (-31.7%) | $4,484 – $4,862 | 2 |
| 3BR | $8,045 | +$80 (+1.0%) | −$1,955 (-19.6%) | $7,429 – $14,500 | 10 |
| 3BR | $8,045 | +$80 (+1.0%) | −$1,955 (-19.6%) | $7,429 – $14,500 | 10 |
Median, P25, and P75 are asking rents from listings posted in January 2024. Changes compare against the nearest prior month with data.
Financial District vs. New York City — January 2024
| Bedrooms | Financial District Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,924 | $2,338 | +$587 (+25.1%) |
| Studio | $3,886 | $2,338 | +$1,549 (+66.2%) |
| Studio | $3,610 | $2,338 | +$1,273 (+54.4%) |
| 1BR | $4,418 | $2,350 | +$2,068 (+88.0%) |
| 1BR | $4,918 | $2,350 | +$2,568 (+109.3%) |
| 1BR | $5,225 | $2,350 | +$2,875 (+122.3%) |
| 2BR | $7,152 | $2,885 | +$4,267 (+147.9%) |
| 2BR | $6,325 | $2,885 | +$3,440 (+119.2%) |
| 2BR | $4,673 | $2,885 | +$1,788 (+62.0%) |
| 3BR | $8,045 | $3,443 | +$4,602 (+133.6%) |
| 3BR | $8,045 | $3,443 | +$4,602 (+133.6%) |
Citywide figure is the median of zip-level medians across 174 New York City zip codes with listings in January 2024.