Monthly Rent Report
Financial District Rent Report — April 2023
Asking rents in ZIP 10038, New York City, from 223 listings.
Median 1BR rent in Financial District was $4,300 in April 2023, down 1.1% (−$50) from March 2023 and up 3.7% year-over-year. The middle half of 1BR listings asked between $4,250 and $4,350. That puts Financial District $1,928 above the New York City citywide 1BR median of $2,373. The month's figures are based on 223 listings across 13 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. March 2023 | Vs. April 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $3,995 | +$595 (+17.5%) | +$295 (+8.0%) | $3,550 – $4,350 | 53 |
| Studio | $3,500 | +$100 (+2.9%) | −$200 (-5.4%) | $3,500 – $3,500 | 1 |
| Studio | $3,423 | +$23 (+0.7%) | −$277 (-7.5%) | $3,409 – $3,436 | 2 |
| 1BR | $4,300 | −$50 (-1.1%) | +$154 (+3.7%) | $4,250 – $4,350 | 5 |
| 1BR | $4,585 | +$235 (+5.4%) | +$439 (+10.6%) | $3,800 – $4,655 | 10 |
| 1BR | $4,647 | +$297 (+6.8%) | +$501 (+12.1%) | $4,100 – $5,663 | 68 |
| 2BR | $6,200 | +$795 (+14.7%) | +$550 (+9.7%) | $6,200 – $6,200 | 2 |
| 2BR | $6,790 | +$1,385 (+25.6%) | +$1,140 (+20.2%) | $5,650 – $9,338 | 61 |
| 2BR | $6,100 | +$695 (+12.9%) | +$450 (+8.0%) | $5,500 – $6,995 | 13 |
| 3BR | $14,710 | +$4,228 (+40.3%) | +$7,381 (+100.7%) | $14,710 – $14,710 | 1 |
| 3BR | $5,750 | −$4,732 (-45.1%) | −$1,579 (-21.5%) | $5,725 – $8,995 | 5 |
| 4BR | $7,900 | +$125 (+1.6%) | — | $7,900 – $7,900 | 1 |
| 4BR | $7,900 | +$125 (+1.6%) | — | $7,900 – $7,900 | 1 |
Median, P25, and P75 are asking rents from listings posted in April 2023. Changes compare against the nearest prior month with data.
Financial District vs. New York City — April 2023
| Bedrooms | Financial District Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $3,995 | $2,349 | +$1,646 (+70.1%) |
| Studio | $3,500 | $2,349 | +$1,151 (+49.0%) |
| Studio | $3,423 | $2,349 | +$1,074 (+45.7%) |
| 1BR | $4,300 | $2,373 | +$1,928 (+81.2%) |
| 1BR | $4,585 | $2,373 | +$2,213 (+93.3%) |
| 1BR | $4,647 | $2,373 | +$2,274 (+95.8%) |
| 2BR | $6,200 | $2,795 | +$3,405 (+121.8%) |
| 2BR | $6,790 | $2,795 | +$3,995 (+142.9%) |
| 2BR | $6,100 | $2,795 | +$3,305 (+118.2%) |
| 3BR | $14,710 | $3,200 | +$11,510 (+359.7%) |
| 3BR | $5,750 | $3,200 | +$2,550 (+79.7%) |
| 4BR | $7,900 | $4,148 | +$3,753 (+90.5%) |
| 4BR | $7,900 | $4,148 | +$3,753 (+90.5%) |
Citywide figure is the median of zip-level medians across 175 New York City zip codes with listings in April 2023.