Monthly Rent Report
Financial District Rent Report — June 2024
Asking rents in ZIP 10005, New York City, from 948 listings.
Median 1BR rent in Financial District was $4,940 in June 2024, down 1.1% (−$54) from May 2024 and down 10.0% year-over-year. The middle half of 1BR listings asked between $4,212 and $5,207. That puts Financial District $2,490 above the New York City citywide 1BR median of $2,450. The month's figures are based on 948 listings across 14 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. May 2024 | Vs. June 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $3,500 | −$330 (-8.6%) | −$468 (-11.8%) | $3,400 – $3,600 | 2 |
| Studio | $4,000 | +$170 (+4.4%) | +$32 (+0.8%) | $3,675 – $4,500 | 61 |
| Studio | $3,919 | +$89 (+2.3%) | −$49 (-1.2%) | $3,799 – $4,074 | 424 |
| 1BR | $4,940 | −$54 (-1.1%) | −$551 (-10.0%) | $4,212 – $5,207 | 169 |
| 1BR | $4,895 | −$99 (-2.0%) | −$596 (-10.9%) | $4,725 – $5,442 | 5 |
| 1BR | $5,495 | +$501 (+10.0%) | +$4 (+0.1%) | $4,916 – $6,000 | 64 |
| 2BR | $8,000 | +$1,205 (+17.7%) | −$1,500 (-15.8%) | $6,540 – $8,500 | 21 |
| 2BR | $7,152 | +$357 (+5.2%) | −$2,348 (-24.7%) | $6,952 – $7,605 | 12 |
| 2BR | $5,269 | −$1,526 (-22.5%) | −$4,231 (-44.5%) | $3,445 – $7,364 | 116 |
| 3BR | $4,550 | −$6,014 (-56.9%) | −$7,950 (-63.6%) | $4,425 – $7,475 | 23 |
| 3BR | $4,500 | −$6,064 (-57.4%) | −$8,000 (-64.0%) | $4,388 – $5,875 | 36 |
| 3BR | $9,000 | −$1,564 (-14.8%) | −$3,500 (-28.0%) | $9,000 – $9,113 | 4 |
| 4BR | $6,463 | −$87 (-1.3%) | — | $6,394 – $6,999 | 4 |
| 4BR | $6,425 | −$125 (-1.9%) | — | $6,300 – $6,500 | 7 |
Median, P25, and P75 are asking rents from listings posted in June 2024. Changes compare against the nearest prior month with data.
Financial District vs. New York City — June 2024
| Bedrooms | Financial District Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $3,500 | $2,440 | +$1,060 (+43.4%) |
| Studio | $4,000 | $2,440 | +$1,560 (+63.9%) |
| Studio | $3,919 | $2,440 | +$1,479 (+60.6%) |
| 1BR | $4,940 | $2,450 | +$2,490 (+101.6%) |
| 1BR | $4,895 | $2,450 | +$2,445 (+99.8%) |
| 1BR | $5,495 | $2,450 | +$3,045 (+124.3%) |
| 2BR | $8,000 | $2,900 | +$5,100 (+175.9%) |
| 2BR | $7,152 | $2,900 | +$4,252 (+146.6%) |
| 2BR | $5,269 | $2,900 | +$2,369 (+81.7%) |
| 3BR | $4,550 | $3,600 | +$950 (+26.4%) |
| 3BR | $4,500 | $3,600 | +$900 (+25.0%) |
| 3BR | $9,000 | $3,600 | +$5,400 (+150.0%) |
| 4BR | $6,463 | $4,256 | +$2,206 (+51.8%) |
| 4BR | $6,425 | $4,256 | +$2,169 (+51.0%) |
Citywide figure is the median of zip-level medians across 176 New York City zip codes with listings in June 2024.