Monthly Rent Report
Financial District Rent Report — May 2022
Asking rents in ZIP 10038, New York City, from 31 listings.
Median 1BR rent in Financial District was $5,195 in May 2022, up 25.3% (+$1,049) from April 2022. The middle half of 1BR listings asked between $5,055 and $5,336. That puts Financial District $3,133 above the New York City citywide 1BR median of $2,063. The month's figures are based on 31 listings across 6 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. April 2022 | Vs. Year Ago | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $3,438 | −$262 (-7.1%) | — | $3,094 – $4,050 | 7 |
| 1BR | $5,195 | +$1,049 (+25.3%) | — | $5,055 – $5,336 | 2 |
| 2BR | $6,500 | +$850 (+15.0%) | — | $6,500 – $6,500 | 3 |
| 3BR | $5,000 | −$2,329 (-31.8%) | — | $5,000 – $5,500 | 5 |
| 4BR | $6,500 | — | — | $6,200 – $7,195 | 12 |
Median, P25, and P75 are asking rents from listings posted in May 2022. Changes compare against the nearest prior month with data.
Financial District vs. New York City — May 2022
| Bedrooms | Financial District Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $3,438 | $1,875 | +$1,563 (+83.4%) |
| 1BR | $5,195 | $2,063 | +$3,133 (+151.9%) |
| 2BR | $6,500 | $2,499 | +$4,001 (+160.1%) |
| 3BR | $5,000 | $2,950 | +$2,050 (+69.5%) |
| 4BR | $6,500 | $3,600 | +$2,900 (+80.6%) |
Citywide figure is the median of zip-level medians across 174 New York City zip codes with listings in May 2022.