Monthly Rent Report
Financial District Rent Report — May 2023
Asking rents in ZIP 10006, New York City, from 93 listings.
Median 1BR rent in Financial District was $4,525 in May 2023, up 4.3% (+$186) from April 2023 and up 8.4% year-over-year. The middle half of 1BR listings asked between $4,329 and $4,899. That puts Financial District $2,047 above the New York City citywide 1BR median of $2,477. The month's figures are based on 93 listings across 9 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. April 2023 | Vs. May 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $3,195 | −$330 (-9.4%) | +$320 (+11.1%) | $3,195 – $3,195 | 1 |
| Studio | $3,691 | +$166 (+4.7%) | +$816 (+28.4%) | $3,619 – $3,799 | 19 |
| Studio | $3,495 | −$30 (-0.9%) | +$620 (+21.6%) | $3,495 – $3,495 | 1 |
| 1BR | $4,525 | +$186 (+4.3%) | +$350 (+8.4%) | $4,329 – $4,899 | 38 |
| 1BR | $4,900 | +$562 (+12.9%) | +$725 (+17.4%) | $4,900 – $4,900 | 1 |
| 2BR | $6,289 | −$1,211 (-16.1%) | −$230 (-3.5%) | $6,165 – $6,349 | 3 |
| 2BR | $8,725 | +$1,225 (+16.3%) | +$2,206 (+33.8%) | $7,463 – $12,500 | 22 |
| 3BR | $19,000 | +$14,250 (+300.0%) | +$3,000 (+18.8%) | $17,500 – $19,500 | 4 |
| 3BR | $19,000 | +$14,250 (+300.0%) | +$3,000 (+18.8%) | $17,500 – $19,500 | 4 |
Median, P25, and P75 are asking rents from listings posted in May 2023. Changes compare against the nearest prior month with data.
Financial District vs. New York City — May 2023
| Bedrooms | Financial District Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $3,195 | $2,450 | +$745 (+30.4%) |
| Studio | $3,691 | $2,450 | +$1,241 (+50.7%) |
| Studio | $3,495 | $2,450 | +$1,045 (+42.7%) |
| 1BR | $4,525 | $2,477 | +$2,047 (+82.6%) |
| 1BR | $4,900 | $2,477 | +$2,423 (+97.8%) |
| 2BR | $6,289 | $2,800 | +$3,489 (+124.6%) |
| 2BR | $8,725 | $2,800 | +$5,925 (+211.6%) |
| 3BR | $19,000 | $3,225 | +$15,775 (+489.1%) |
| 3BR | $19,000 | $3,225 | +$15,775 (+489.1%) |
Citywide figure is the median of zip-level medians across 174 New York City zip codes with listings in May 2023.