Monthly Rent Report
Financial District Rent Report — November 2024
Asking rents in ZIP 10005, New York City, from 36 listings.
Median 1BR rent in Financial District was $3,763 in November 2024, down 33.6% (−$1,901) from October 2024 and down 24.6% year-over-year. The middle half of 1BR listings asked between $3,763 and $3,763. That puts Financial District $1,313 above the New York City citywide 1BR median of $2,450. The month's figures are based on 36 listings across 7 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. October 2024 | Vs. November 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,444 | −$1,052 (-30.1%) | −$1,080 (-30.7%) | $2,444 – $2,444 | 9 |
| Studio | $3,413 | −$83 (-2.4%) | −$112 (-3.2%) | $3,344 – $3,549 | 6 |
| 1BR | $3,763 | −$1,901 (-33.6%) | −$1,227 (-24.6%) | $3,763 – $3,763 | 1 |
| 2BR | $4,782 | −$2,722 (-36.3%) | +$912 (+23.6%) | $4,782 – $4,782 | 9 |
| 2BR | $7,050 | −$454 (-6.1%) | +$3,180 (+82.2%) | $6,990 – $7,050 | 3 |
| 3BR | $9,550 | −$5,225 (-35.4%) | +$1,395 (+17.1%) | $9,550 – $9,550 | 1 |
| 4BR | $6,750 | −$252 (-3.6%) | — | $6,625 – $7,255 | 7 |
Median, P25, and P75 are asking rents from listings posted in November 2024. Changes compare against the nearest prior month with data.
Financial District vs. New York City — November 2024
| Bedrooms | Financial District Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,444 | $2,383 | +$61 (+2.6%) |
| Studio | $3,413 | $2,383 | +$1,030 (+43.2%) |
| 1BR | $3,763 | $2,450 | +$1,313 (+53.6%) |
| 2BR | $4,782 | $2,950 | +$1,832 (+62.1%) |
| 2BR | $7,050 | $2,950 | +$4,100 (+139.0%) |
| 3BR | $9,550 | $3,600 | +$5,950 (+165.3%) |
| 4BR | $6,750 | $4,375 | +$2,375 (+54.3%) |
Citywide figure is the median of zip-level medians across 175 New York City zip codes with listings in November 2024.