Monthly Rent Report
Financial District Rent Report — January 2023
Asking rents in ZIP 10038, New York City, from 237 listings.
Median 1BR rent in Financial District was $5,650 in January 2023, up 23.5% (+$1,075) from December 2022. The middle half of 1BR listings asked between $5,650 and $5,650. That puts Financial District $3,361 above the New York City citywide 1BR median of $2,289. The month's figures are based on 237 listings across 17 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. December 2022 | Vs. Year Ago | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $6,450 | +$3,000 (+87.0%) | — | $3,423 – $6,450 | 11 |
| Studio | $3,715 | +$265 (+7.7%) | — | $3,436 – $4,290 | 52 |
| Studio | $3,117 | −$333 (-9.7%) | — | $3,071 – $3,151 | 4 |
| 1BR | $5,650 | +$1,075 (+23.5%) | — | $5,650 – $5,650 | 1 |
| 1BR | $4,423 | −$152 (-3.3%) | — | $4,045 – $5,337 | 64 |
| 1BR | $4,478 | −$97 (-2.1%) | — | $4,335 – $4,614 | 14 |
| 2BR | $6,500 | +$950 (+17.1%) | — | $6,100 – $7,860 | 41 |
| 2BR | $5,871 | +$321 (+5.8%) | — | $5,719 – $5,981 | 4 |
| 2BR | $5,550 | $0 (0.0%) | — | $5,000 – $6,150 | 13 |
| 3BR | $7,950 | +$1,955 (+32.6%) | — | $6,725 – $8,338 | 7 |
| 3BR | $6,000 | +$5 (+0.1%) | — | $5,750 – $10,250 | 11 |
| 3BR | $11,500 | +$5,505 (+91.8%) | — | $11,500 – $11,500 | 1 |
| 4BR | $7,000 | +$353 (+5.3%) | — | $7,000 – $7,000 | 1 |
| 4BR | $7,000 | +$353 (+5.3%) | — | $7,000 – $7,000 | 1 |
Median, P25, and P75 are asking rents from listings posted in January 2023. Changes compare against the nearest prior month with data.
Financial District vs. New York City — January 2023
| Bedrooms | Financial District Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $6,450 | $2,197 | +$4,253 (+193.6%) |
| Studio | $3,715 | $2,197 | +$1,518 (+69.1%) |
| Studio | $3,117 | $2,197 | +$920 (+41.9%) |
| 1BR | $5,650 | $2,289 | +$3,361 (+146.8%) |
| 1BR | $4,423 | $2,289 | +$2,134 (+93.2%) |
| 1BR | $4,478 | $2,289 | +$2,189 (+95.6%) |
| 2BR | $6,500 | $2,700 | +$3,800 (+140.7%) |
| 2BR | $5,871 | $2,700 | +$3,171 (+117.4%) |
| 2BR | $5,550 | $2,700 | +$2,850 (+105.6%) |
| 3BR | $7,950 | $3,200 | +$4,750 (+148.4%) |
| 3BR | $6,000 | $3,200 | +$2,800 (+87.5%) |
| 3BR | $11,500 | $3,200 | +$8,300 (+259.4%) |
| 4BR | $7,000 | $3,861 | +$3,139 (+81.3%) |
| 4BR | $7,000 | $3,861 | +$3,139 (+81.3%) |
Citywide figure is the median of zip-level medians across 173 New York City zip codes with listings in January 2023.