Monthly Rent Report
Financial District Rent Report — February 2024
Asking rents in ZIP 10005, New York City, from 348 listings.
Median 1BR rent in Financial District was $4,657 in February 2024, up 5.4% (+$240) from January 2024 and down 2.8% year-over-year. The middle half of 1BR listings asked between $4,539 and $4,904. That puts Financial District $2,207 above the New York City citywide 1BR median of $2,450. The month's figures are based on 348 listings across 11 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. January 2024 | Vs. February 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $3,675 | +$65 (+1.8%) | −$479 (-11.5%) | $3,495 – $3,911 | 142 |
| Studio | $3,995 | +$385 (+10.7%) | −$159 (-3.8%) | $3,600 – $4,400 | 45 |
| Studio | $3,886 | +$276 (+7.6%) | −$268 (-6.5%) | $3,886 – $3,886 | 1 |
| 1BR | $4,657 | +$240 (+5.4%) | −$134 (-2.8%) | $4,539 – $4,904 | 48 |
| 1BR | $4,918 | +$500 (+11.3%) | +$127 (+2.6%) | $4,880 – $5,050 | 6 |
| 1BR | $4,928 | +$510 (+11.5%) | +$137 (+2.8%) | $4,614 – $6,400 | 68 |
| 2BR | $7,297 | +$2,624 (+56.2%) | +$882 (+13.7%) | $7,297 – $7,410 | 7 |
| 2BR | $7,495 | +$2,822 (+60.4%) | +$1,080 (+16.8%) | $5,825 – $7,995 | 21 |
| 2BR | $6,839 | +$2,166 (+46.4%) | +$424 (+6.6%) | $6,817 – $6,861 | 2 |
| 3BR | $7,720 | −$325 (-4.0%) | +$593 (+8.3%) | $7,245 – $10,145 | 4 |
| 3BR | $7,720 | −$325 (-4.0%) | +$593 (+8.3%) | $7,245 – $10,145 | 4 |
Median, P25, and P75 are asking rents from listings posted in February 2024. Changes compare against the nearest prior month with data.
Financial District vs. New York City — February 2024
| Bedrooms | Financial District Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $3,675 | $2,359 | +$1,316 (+55.8%) |
| Studio | $3,995 | $2,359 | +$1,636 (+69.4%) |
| Studio | $3,886 | $2,359 | +$1,527 (+64.7%) |
| 1BR | $4,657 | $2,450 | +$2,207 (+90.1%) |
| 1BR | $4,918 | $2,450 | +$2,468 (+100.7%) |
| 1BR | $4,928 | $2,450 | +$2,478 (+101.1%) |
| 2BR | $7,297 | $2,979 | +$4,318 (+144.9%) |
| 2BR | $7,495 | $2,979 | +$4,516 (+151.6%) |
| 2BR | $6,839 | $2,979 | +$3,860 (+129.6%) |
| 3BR | $7,720 | $3,500 | +$4,220 (+120.6%) |
| 3BR | $7,720 | $3,500 | +$4,220 (+120.6%) |
Citywide figure is the median of zip-level medians across 174 New York City zip codes with listings in February 2024.