Monthly Rent Report
Financial District Rent Report — May 2023
Asking rents in ZIP 10038, New York City, from 219 listings.
Median 1BR rent in Financial District was $4,558 in May 2023, up 6.0% (+$258) from April 2023 and down 12.3% year-over-year. The middle half of 1BR listings asked between $4,340 and $5,450. That puts Financial District $2,081 above the New York City citywide 1BR median of $2,477. The month's figures are based on 219 listings across 16 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. April 2023 | Vs. May 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $3,550 | +$128 (+3.7%) | +$112 (+3.3%) | $3,500 – $3,700 | 4 |
| Studio | $3,600 | +$178 (+5.2%) | +$162 (+4.7%) | $3,490 – $3,990 | 64 |
| Studio | $3,350 | −$72 (-2.1%) | −$88 (-2.6%) | $3,050 – $3,544 | 4 |
| 1BR | $4,558 | +$258 (+6.0%) | −$637 (-12.3%) | $4,340 – $5,450 | 63 |
| 1BR | $4,500 | +$200 (+4.7%) | −$695 (-13.4%) | $4,500 – $4,500 | 1 |
| 1BR | $4,500 | +$200 (+4.7%) | −$695 (-13.4%) | $3,895 – $4,775 | 7 |
| 2BR | $6,575 | +$475 (+7.8%) | +$75 (+1.2%) | $6,463 – $6,688 | 2 |
| 2BR | $6,995 | +$895 (+14.7%) | +$495 (+7.6%) | $5,650 – $11,318 | 49 |
| 2BR | $7,000 | +$900 (+14.8%) | +$500 (+7.7%) | $6,720 – $7,193 | 7 |
| 3BR | $14,255 | −$455 (-3.1%) | +$9,255 (+185.1%) | $11,625 – $17,253 | 6 |
| 3BR | $15,010 | +$300 (+2.0%) | +$10,010 (+200.2%) | $15,010 – $15,010 | 1 |
| 4BR | $10,450 | +$2,550 (+32.3%) | +$3,950 (+60.8%) | $7,550 – $13,000 | 4 |
| 4BR | $6,500 | −$1,400 (-17.7%) | $0 (0.0%) | $6,500 – $6,500 | 1 |
| 4BR | $10,450 | +$2,550 (+32.3%) | +$3,950 (+60.8%) | $7,550 – $13,000 | 4 |
Median, P25, and P75 are asking rents from listings posted in May 2023. Changes compare against the nearest prior month with data.
Financial District vs. New York City — May 2023
| Bedrooms | Financial District Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $3,550 | $2,450 | +$1,100 (+44.9%) |
| Studio | $3,600 | $2,450 | +$1,150 (+46.9%) |
| Studio | $3,350 | $2,450 | +$900 (+36.7%) |
| 1BR | $4,558 | $2,477 | +$2,081 (+84.0%) |
| 1BR | $4,500 | $2,477 | +$2,023 (+81.7%) |
| 1BR | $4,500 | $2,477 | +$2,023 (+81.7%) |
| 2BR | $6,575 | $2,800 | +$3,775 (+134.8%) |
| 2BR | $6,995 | $2,800 | +$4,195 (+149.8%) |
| 2BR | $7,000 | $2,800 | +$4,200 (+150.0%) |
| 3BR | $14,255 | $3,225 | +$11,030 (+342.0%) |
| 3BR | $15,010 | $3,225 | +$11,785 (+365.4%) |
| 4BR | $10,450 | $4,000 | +$6,450 (+161.3%) |
| 4BR | $6,500 | $4,000 | +$2,500 (+62.5%) |
| 4BR | $10,450 | $4,000 | +$6,450 (+161.3%) |
Citywide figure is the median of zip-level medians across 174 New York City zip codes with listings in May 2023.