Monthly Rent Report
Financial District Rent Report — March 2024
Asking rents in ZIP 10005, New York City, from 271 listings.
Median 1BR rent in Financial District was $4,986 in March 2024, up 1.2% (+$58) from February 2024 and up 6.5% year-over-year. The middle half of 1BR listings asked between $4,695 and $7,000. That puts Financial District $2,487 above the New York City citywide 1BR median of $2,499. The month's figures are based on 271 listings across 11 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. February 2024 | Vs. March 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $3,535 | −$351 (-9.0%) | −$194 (-5.2%) | $3,305 – $3,765 | 2 |
| Studio | $3,757 | −$129 (-3.3%) | +$28 (+0.8%) | $3,657 – $3,920 | 109 |
| Studio | $3,995 | +$109 (+2.8%) | +$266 (+7.1%) | $3,663 – $4,454 | 55 |
| 1BR | $4,986 | +$58 (+1.2%) | +$304 (+6.5%) | $4,695 – $7,000 | 42 |
| 1BR | $6,729 | +$1,802 (+36.6%) | +$2,048 (+43.7%) | $6,729 – $6,729 | 1 |
| 1BR | $4,742 | −$185 (-3.8%) | +$61 (+1.3%) | $4,630 – $4,975 | 33 |
| 2BR | $4,929 | −$2,368 (-32.5%) | −$2,021 (-29.1%) | $4,929 – $4,929 | 1 |
| 2BR | $7,140 | −$157 (-2.2%) | +$190 (+2.7%) | $6,698 – $7,316 | 16 |
| 2BR | $7,461 | +$164 (+2.2%) | +$511 (+7.3%) | $7,341 – $7,530 | 8 |
| 3BR | $15,995 | +$8,275 (+107.2%) | +$1,001 (+6.7%) | $12,123 – $15,995 | 3 |
| 3BR | $15,995 | +$8,275 (+107.2%) | +$1,001 (+6.7%) | $15,995 – $15,995 | 1 |
Median, P25, and P75 are asking rents from listings posted in March 2024. Changes compare against the nearest prior month with data.
Financial District vs. New York City — March 2024
| Bedrooms | Financial District Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $3,535 | $2,450 | +$1,085 (+44.3%) |
| Studio | $3,757 | $2,450 | +$1,307 (+53.3%) |
| Studio | $3,995 | $2,450 | +$1,545 (+63.1%) |
| 1BR | $4,986 | $2,499 | +$2,487 (+99.5%) |
| 1BR | $6,729 | $2,499 | +$4,230 (+169.3%) |
| 1BR | $4,742 | $2,499 | +$2,243 (+89.8%) |
| 2BR | $4,929 | $2,995 | +$1,935 (+64.6%) |
| 2BR | $7,140 | $2,995 | +$4,145 (+138.4%) |
| 2BR | $7,461 | $2,995 | +$4,466 (+149.1%) |
| 3BR | $15,995 | $3,500 | +$12,495 (+357.0%) |
| 3BR | $15,995 | $3,500 | +$12,495 (+357.0%) |
Citywide figure is the median of zip-level medians across 175 New York City zip codes with listings in March 2024.