Monthly Rent Report
Financial District Rent Report — August 2024
Asking rents in ZIP 10005, New York City, from 52 listings.
Median 1BR rent in Financial District was $4,322 in August 2024, down 14.4% (−$728) from July 2024 and down 13.1% year-over-year. The middle half of 1BR listings asked between $4,267 and $6,406. That puts Financial District $1,932 above the New York City citywide 1BR median of $2,390. The month's figures are based on 52 listings across 5 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. July 2024 | Vs. August 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $3,400 | −$456 (-11.8%) | −$360 (-9.6%) | $3,400 – $3,400 | 1 |
| 1BR | $4,322 | −$728 (-14.4%) | −$649 (-13.1%) | $4,267 – $6,406 | 3 |
| 2BR | $7,100 | +$50 (+0.7%) | +$75 (+1.1%) | $7,100 – $7,100 | 1 |
| 3BR | $4,809 | +$5 (+0.1%) | −$6,691 (-58.2%) | $4,500 – $5,549 | 39 |
| 4BR | $6,463 | +$38 (+0.6%) | — | $6,394 – $6,563 | 8 |
Median, P25, and P75 are asking rents from listings posted in August 2024. Changes compare against the nearest prior month with data.
Financial District vs. New York City — August 2024
| Bedrooms | Financial District Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $3,400 | $2,500 | +$900 (+36.0%) |
| 1BR | $4,322 | $2,390 | +$1,932 (+80.8%) |
| 2BR | $7,100 | $2,900 | +$4,200 (+144.8%) |
| 3BR | $4,809 | $3,603 | +$1,206 (+33.5%) |
| 4BR | $6,463 | $4,225 | +$2,238 (+53.0%) |
Citywide figure is the median of zip-level medians across 176 New York City zip codes with listings in August 2024.