Monthly Rent Report
Financial District Rent Report — March 2023
Asking rents in ZIP 10038, New York City, from 167 listings.
Median 1BR rent in Financial District was $4,720 in March 2023, up 2.3% (+$105) from February 2023. The middle half of 1BR listings asked between $4,565 and $5,115. That puts Financial District $2,421 above the New York City citywide 1BR median of $2,299. The month's figures are based on 167 listings across 15 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. February 2023 | Vs. Year Ago | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $3,725 | −$250 (-6.3%) | — | $3,668 – $3,844 | 4 |
| Studio | $3,400 | −$575 (-14.5%) | — | $3,375 – $3,700 | 3 |
| Studio | $3,748 | −$228 (-5.7%) | — | $3,500 – $4,178 | 42 |
| 1BR | $4,720 | +$105 (+2.3%) | — | $4,565 – $5,115 | 11 |
| 1BR | $4,498 | −$117 (-2.5%) | — | $4,143 – $5,650 | 44 |
| 1BR | $4,350 | −$265 (-5.7%) | — | $4,350 – $4,583 | 3 |
| 2BR | $5,405 | −$1,267 (-19.0%) | — | $5,240 – $9,500 | 15 |
| 2BR | $5,595 | −$1,077 (-16.1%) | — | $5,595 – $5,595 | 1 |
| 2BR | $6,525 | −$147 (-2.2%) | — | $5,500 – $8,060 | 29 |
| 3BR | $10,483 | +$3,183 (+43.6%) | — | $8,639 – $12,326 | 2 |
| 3BR | $6,000 | −$1,300 (-17.8%) | — | $5,750 – $6,795 | 5 |
| 4BR | $7,775 | — | — | $7,538 – $8,013 | 2 |
| 4BR | $7,775 | — | — | $7,538 – $8,013 | 2 |
Median, P25, and P75 are asking rents from listings posted in March 2023. Changes compare against the nearest prior month with data.
Financial District vs. New York City — March 2023
| Bedrooms | Financial District Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $3,725 | $2,200 | +$1,525 (+69.3%) |
| Studio | $3,400 | $2,200 | +$1,200 (+54.5%) |
| Studio | $3,748 | $2,200 | +$1,548 (+70.3%) |
| 1BR | $4,720 | $2,299 | +$2,421 (+105.3%) |
| 1BR | $4,498 | $2,299 | +$2,199 (+95.6%) |
| 1BR | $4,350 | $2,299 | +$2,051 (+89.2%) |
| 2BR | $5,405 | $2,650 | +$2,755 (+104.0%) |
| 2BR | $5,595 | $2,650 | +$2,945 (+111.1%) |
| 2BR | $6,525 | $2,650 | +$3,875 (+146.2%) |
| 3BR | $10,483 | $3,200 | +$7,283 (+227.6%) |
| 3BR | $6,000 | $3,200 | +$2,800 (+87.5%) |
| 4BR | $7,775 | $3,995 | +$3,780 (+94.6%) |
| 4BR | $7,775 | $3,995 | +$3,780 (+94.6%) |
Citywide figure is the median of zip-level medians across 174 New York City zip codes with listings in March 2023.