Monthly Rent Report
Financial District Rent Report — July 2023
Asking rents in ZIP 10006, New York City, from 48 listings.
Median 1BR rent in Financial District was $4,605 in July 2023, up 4.0% (+$179) from June 2023 and up 9.6% year-over-year. The middle half of 1BR listings asked between $4,538 and $4,818. That puts Financial District $2,155 above the New York City citywide 1BR median of $2,450. The month's figures are based on 48 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. June 2023 | Vs. July 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $3,525 | +$75 (+2.2%) | +$170 (+5.1%) | $3,400 – $3,625 | 11 |
| Studio | $3,769 | +$319 (+9.2%) | +$414 (+12.3%) | $3,487 – $3,822 | 6 |
| 1BR | $4,605 | +$179 (+4.0%) | +$405 (+9.6%) | $4,538 – $4,818 | 10 |
| 1BR | $5,300 | +$874 (+19.7%) | +$1,100 (+26.2%) | $5,300 – $5,300 | 1 |
| 2BR | $7,359 | −$116 (-1.6%) | +$609 (+9.0%) | $7,100 – $11,500 | 5 |
| 2BR | $6,749 | −$726 (-9.7%) | −$1 (-0.0%) | $6,362 – $7,054 | 3 |
| 2BR | $4,500 | −$2,975 (-39.8%) | −$2,250 (-33.3%) | $4,500 – $4,500 | 1 |
| 3BR | $14,000 | −$4,000 (-22.2%) | −$4,500 (-24.3%) | $8,748 – $18,250 | 7 |
| 3BR | $5,495 | −$12,505 (-69.5%) | −$13,005 (-70.3%) | $5,495 – $5,495 | 1 |
| 3BR | $5,395 | −$12,605 (-70.0%) | −$13,105 (-70.8%) | $5,395 – $5,395 | 1 |
| 4BR | $12,000 | $0 (0.0%) | — | $12,000 – $12,000 | 1 |
| 4BR | $12,000 | $0 (0.0%) | — | $12,000 – $12,000 | 1 |
Median, P25, and P75 are asking rents from listings posted in July 2023. Changes compare against the nearest prior month with data.
Financial District vs. New York City — July 2023
| Bedrooms | Financial District Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $3,525 | $2,498 | +$1,028 (+41.1%) |
| Studio | $3,769 | $2,498 | +$1,272 (+50.9%) |
| 1BR | $4,605 | $2,450 | +$2,155 (+87.9%) |
| 1BR | $5,300 | $2,450 | +$2,850 (+116.3%) |
| 2BR | $7,359 | $2,800 | +$4,559 (+162.8%) |
| 2BR | $6,749 | $2,800 | +$3,949 (+141.0%) |
| 2BR | $4,500 | $2,800 | +$1,700 (+60.7%) |
| 3BR | $14,000 | $3,400 | +$10,600 (+311.8%) |
| 3BR | $5,495 | $3,400 | +$2,095 (+61.6%) |
| 3BR | $5,395 | $3,400 | +$1,995 (+58.7%) |
| 4BR | $12,000 | $4,200 | +$7,800 (+185.7%) |
| 4BR | $12,000 | $4,200 | +$7,800 (+185.7%) |
Citywide figure is the median of zip-level medians across 174 New York City zip codes with listings in July 2023.