Monthly Rent Report
Financial District Rent Report — April 2024
Asking rents in ZIP 10005, New York City, from 221 listings.
Median 1BR rent in Financial District was $6,600 in April 2024, up 39.2% (+$1,858) from March 2024 and up 38.9% year-over-year. The middle half of 1BR listings asked between $5,698 and $6,798. That puts Financial District $4,100 above the New York City citywide 1BR median of $2,500. The month's figures are based on 221 listings across 11 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. March 2024 | Vs. April 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $3,868 | +$111 (+2.9%) | +$374 (+10.7%) | $3,796 – $4,029 | 64 |
| Studio | $3,700 | −$57 (-1.5%) | +$206 (+5.9%) | $3,375 – $3,848 | 3 |
| Studio | $3,900 | +$143 (+3.8%) | +$406 (+11.6%) | $3,442 – $4,360 | 51 |
| 1BR | $6,600 | +$1,858 (+39.2%) | +$1,850 (+38.9%) | $5,698 – $6,798 | 3 |
| 1BR | $4,774 | +$32 (+0.7%) | +$24 (+0.5%) | $4,570 – $4,854 | 18 |
| 1BR | $5,130 | +$388 (+8.2%) | +$380 (+8.0%) | $4,750 – $6,375 | 51 |
| 2BR | $7,422 | −$38 (-0.5%) | −$507 (-6.4%) | $7,189 – $7,422 | 10 |
| 2BR | $7,392 | −$69 (-0.9%) | −$538 (-6.8%) | $7,348 – $7,435 | 2 |
| 2BR | $7,090 | −$370 (-5.0%) | −$839 (-10.6%) | $6,308 – $7,318 | 12 |
| 3BR | $8,250 | −$7,745 (-48.4%) | −$1,750 (-17.5%) | $7,963 – $10,186 | 4 |
| 3BR | $8,250 | −$7,745 (-48.4%) | −$1,750 (-17.5%) | $7,675 – $12,123 | 3 |
Median, P25, and P75 are asking rents from listings posted in April 2024. Changes compare against the nearest prior month with data.
Financial District vs. New York City — April 2024
| Bedrooms | Financial District Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $3,868 | $2,491 | +$1,377 (+55.3%) |
| Studio | $3,700 | $2,491 | +$1,209 (+48.5%) |
| Studio | $3,900 | $2,491 | +$1,409 (+56.6%) |
| 1BR | $6,600 | $2,500 | +$4,100 (+164.0%) |
| 1BR | $4,774 | $2,500 | +$2,274 (+91.0%) |
| 1BR | $5,130 | $2,500 | +$2,630 (+105.2%) |
| 2BR | $7,422 | $2,995 | +$4,427 (+147.8%) |
| 2BR | $7,392 | $2,995 | +$4,397 (+146.8%) |
| 2BR | $7,090 | $2,995 | +$4,095 (+136.7%) |
| 3BR | $8,250 | $3,500 | +$4,750 (+135.7%) |
| 3BR | $8,250 | $3,500 | +$4,750 (+135.7%) |
Citywide figure is the median of zip-level medians across 175 New York City zip codes with listings in April 2024.