Monthly Rent Report
Financial District Rent Report — March 2023
Asking rents in ZIP 10006, New York City, from 85 listings.
Median 1BR rent in Financial District was $3,695 in March 2023, down 7.6% (−$305) from February 2023 and down 14.4% year-over-year. The middle half of 1BR listings asked between $3,695 and $3,695. That puts Financial District $1,396 above the New York City citywide 1BR median of $2,299. The month's figures are based on 85 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. February 2023 | Vs. March 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $3,445 | +$158 (+4.8%) | +$120 (+3.6%) | $3,307 – $3,550 | 21 |
| Studio | $3,250 | −$37 (-1.1%) | −$75 (-2.3%) | $3,100 – $3,325 | 7 |
| Studio | $2,995 | −$292 (-8.9%) | −$330 (-9.9%) | $2,995 – $2,995 | 1 |
| 1BR | $3,695 | −$305 (-7.6%) | −$620 (-14.4%) | $3,695 – $3,695 | 1 |
| 1BR | $4,557 | +$557 (+13.9%) | +$242 (+5.6%) | $4,341 – $4,988 | 26 |
| 1BR | $5,250 | +$1,250 (+31.3%) | +$935 (+21.7%) | $4,575 – $5,250 | 3 |
| 2BR | $7,500 | +$374 (+5.2%) | +$1,850 (+32.7%) | $6,865 – $7,625 | 19 |
| 2BR | $5,954 | −$1,172 (-16.5%) | +$304 (+5.4%) | $5,828 – $5,989 | 5 |
| 3BR | $16,000 | −$995 (-5.9%) | +$7,605 (+90.6%) | $16,000 – $16,000 | 1 |
| 3BR | $16,000 | −$995 (-5.9%) | +$7,605 (+90.6%) | $16,000 – $16,000 | 1 |
Median, P25, and P75 are asking rents from listings posted in March 2023. Changes compare against the nearest prior month with data.
Financial District vs. New York City — March 2023
| Bedrooms | Financial District Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $3,445 | $2,200 | +$1,245 (+56.6%) |
| Studio | $3,250 | $2,200 | +$1,050 (+47.7%) |
| Studio | $2,995 | $2,200 | +$795 (+36.1%) |
| 1BR | $3,695 | $2,299 | +$1,396 (+60.7%) |
| 1BR | $4,557 | $2,299 | +$2,258 (+98.2%) |
| 1BR | $5,250 | $2,299 | +$2,951 (+128.4%) |
| 2BR | $7,500 | $2,650 | +$4,850 (+183.0%) |
| 2BR | $5,954 | $2,650 | +$3,304 (+124.7%) |
| 3BR | $16,000 | $3,200 | +$12,800 (+400.0%) |
| 3BR | $16,000 | $3,200 | +$12,800 (+400.0%) |
Citywide figure is the median of zip-level medians across 174 New York City zip codes with listings in March 2023.