Monthly Rent Report
Financial District Rent Report — July 2024
Asking rents in ZIP 10005, New York City, from 440 listings.
Median 1BR rent in Financial District was $4,850 in July 2024, down 11.7% (−$645) from June 2024 and down 7.0% year-over-year. The middle half of 1BR listings asked between $4,850 and $4,850. That puts Financial District $2,350 above the New York City citywide 1BR median of $2,500. The month's figures are based on 440 listings across 13 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. June 2024 | Vs. July 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $3,825 | −$175 (-4.4%) | −$100 (-2.5%) | $3,825 – $3,825 | 1 |
| Studio | $3,970 | −$30 (-0.8%) | +$45 (+1.1%) | $3,595 – $4,550 | 27 |
| Studio | $3,856 | −$144 (-3.6%) | −$69 (-1.8%) | $3,659 – $4,012 | 178 |
| 1BR | $4,850 | −$645 (-11.7%) | −$365 (-7.0%) | $4,850 – $4,850 | 1 |
| 1BR | $5,050 | −$445 (-8.1%) | −$165 (-3.2%) | $4,750 – $5,400 | 17 |
| 1BR | $4,660 | −$835 (-15.2%) | −$555 (-10.6%) | $3,704 – $5,192 | 73 |
| 2BR | $6,618 | +$1,350 (+25.6%) | −$745 (-10.1%) | $6,404 – $6,773 | 4 |
| 2BR | $7,050 | +$1,782 (+33.8%) | −$313 (-4.3%) | $6,440 – $9,750 | 7 |
| 2BR | $5,400 | +$132 (+2.5%) | −$1,963 (-26.7%) | $3,695 – $7,169 | 63 |
| 3BR | $4,805 | +$255 (+5.6%) | −$10,195 (-68.0%) | $4,488 – $6,000 | 40 |
| 3BR | $4,805 | +$255 (+5.6%) | −$10,195 (-68.0%) | $4,488 – $6,175 | 20 |
| 4BR | $6,425 | −$37 (-0.6%) | — | $6,363 – $6,463 | 3 |
| 4BR | $6,425 | −$37 (-0.6%) | — | $6,331 – $6,481 | 6 |
Median, P25, and P75 are asking rents from listings posted in July 2024. Changes compare against the nearest prior month with data.
Financial District vs. New York City — July 2024
| Bedrooms | Financial District Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $3,825 | $2,800 | +$1,025 (+36.6%) |
| Studio | $3,970 | $2,800 | +$1,170 (+41.8%) |
| Studio | $3,856 | $2,800 | +$1,056 (+37.7%) |
| 1BR | $4,850 | $2,500 | +$2,350 (+94.0%) |
| 1BR | $5,050 | $2,500 | +$2,550 (+102.0%) |
| 1BR | $4,660 | $2,500 | +$2,160 (+86.4%) |
| 2BR | $6,618 | $3,000 | +$3,618 (+120.6%) |
| 2BR | $7,050 | $3,000 | +$4,050 (+135.0%) |
| 2BR | $5,400 | $3,000 | +$2,400 (+80.0%) |
| 3BR | $4,805 | $3,606 | +$1,199 (+33.2%) |
| 3BR | $4,805 | $3,606 | +$1,199 (+33.2%) |
| 4BR | $6,425 | $4,500 | +$1,925 (+42.8%) |
| 4BR | $6,425 | $4,500 | +$1,925 (+42.8%) |
Citywide figure is the median of zip-level medians across 176 New York City zip codes with listings in July 2024.