Monthly Rent Report
Financial District Rent Report — May 2024
Asking rents in ZIP 10006, New York City, from 199 listings.
Median 1BR rent in Financial District was $4,642 in May 2024, up 3.2% (+$143) from April 2024 and down 5.3% year-over-year. The middle half of 1BR listings asked between $4,288 and $4,750. That puts Financial District $2,217 above the New York City citywide 1BR median of $2,425. The month's figures are based on 199 listings across 13 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. April 2024 | Vs. May 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $3,847 | +$500 (+14.9%) | +$352 (+10.1%) | $3,501 – $4,240 | 22 |
| Studio | $3,900 | +$553 (+16.5%) | +$405 (+11.6%) | $3,450 – $4,500 | 4 |
| Studio | $3,425 | +$78 (+2.3%) | −$70 (-2.0%) | $3,200 – $3,855 | 22 |
| 1BR | $4,642 | +$143 (+3.2%) | −$258 (-5.3%) | $4,288 – $4,750 | 18 |
| 1BR | $4,555 | +$57 (+1.3%) | −$345 (-7.0%) | $4,411 – $4,694 | 8 |
| 1BR | $3,127 | −$1,371 (-30.5%) | −$1,773 (-36.2%) | $2,875 – $3,788 | 40 |
| 2BR | $3,650 | −$4,345 (-54.3%) | −$5,075 (-58.2%) | $3,400 – $4,000 | 29 |
| 2BR | $6,341 | −$1,654 (-20.7%) | −$2,384 (-27.3%) | $6,260 – $6,494 | 7 |
| 2BR | $7,151 | −$844 (-10.6%) | −$1,574 (-18.0%) | $6,585 – $8,600 | 9 |
| 3BR | $4,000 | — | −$15,000 (-78.9%) | $3,950 – $4,600 | 18 |
| 3BR | $4,000 | — | −$15,000 (-78.9%) | $3,950 – $4,600 | 18 |
| 4BR | $6,500 | −$10,000 (-60.6%) | — | $6,500 – $6,500 | 2 |
| 4BR | $6,500 | −$10,000 (-60.6%) | — | $6,500 – $6,500 | 2 |
Median, P25, and P75 are asking rents from listings posted in May 2024. Changes compare against the nearest prior month with data.
Financial District vs. New York City — May 2024
| Bedrooms | Financial District Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $3,847 | $2,350 | +$1,497 (+63.7%) |
| Studio | $3,900 | $2,350 | +$1,550 (+66.0%) |
| Studio | $3,425 | $2,350 | +$1,075 (+45.7%) |
| 1BR | $4,642 | $2,425 | +$2,217 (+91.4%) |
| 1BR | $4,555 | $2,425 | +$2,130 (+87.8%) |
| 1BR | $3,127 | $2,425 | +$702 (+28.9%) |
| 2BR | $3,650 | $2,914 | +$737 (+25.3%) |
| 2BR | $6,341 | $2,914 | +$3,428 (+117.6%) |
| 2BR | $7,151 | $2,914 | +$4,238 (+145.4%) |
| 3BR | $4,000 | $3,600 | +$400 (+11.1%) |
| 3BR | $4,000 | $3,600 | +$400 (+11.1%) |
| 4BR | $6,500 | $4,250 | +$2,250 (+52.9%) |
| 4BR | $6,500 | $4,250 | +$2,250 (+52.9%) |
Citywide figure is the median of zip-level medians across 176 New York City zip codes with listings in May 2024.