Monthly Rent Report
Financial District Rent Report — June 2023
Asking rents in ZIP 10038, New York City, from 189 listings.
Median 1BR rent in Financial District was $4,800 in June 2023, up 6.7% (+$300) from May 2023 and down 3.0% year-over-year. The middle half of 1BR listings asked between $4,678 and $4,800. That puts Financial District $2,313 above the New York City citywide 1BR median of $2,488. The month's figures are based on 189 listings across 13 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. May 2023 | Vs. June 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $3,925 | +$375 (+10.6%) | −$75 (-1.9%) | $3,688 – $4,569 | 4 |
| Studio | $3,600 | +$50 (+1.4%) | −$400 (-10.0%) | $3,500 – $4,125 | 59 |
| 1BR | $4,800 | +$300 (+6.7%) | −$150 (-3.0%) | $4,678 – $4,800 | 3 |
| 1BR | $4,770 | +$270 (+6.0%) | −$180 (-3.6%) | $4,755 – $4,890 | 5 |
| 1BR | $4,670 | +$170 (+3.8%) | −$280 (-5.7%) | $4,281 – $5,489 | 58 |
| 2BR | $5,995 | −$1,005 (-14.4%) | −$405 (-6.3%) | $5,995 – $5,995 | 1 |
| 2BR | $6,850 | −$150 (-2.1%) | +$450 (+7.0%) | $6,465 – $6,968 | 7 |
| 2BR | $6,995 | −$5 (-0.1%) | +$595 (+9.3%) | $6,238 – $10,758 | 36 |
| 3BR | $15,155 | +$900 (+6.3%) | +$5,155 (+51.5%) | $15,155 – $15,155 | 1 |
| 3BR | $14,750 | +$495 (+3.5%) | +$4,750 (+47.5%) | $11,525 – $16,000 | 4 |
| 3BR | $10,500 | −$3,755 (-26.3%) | +$500 (+5.0%) | $8,875 – $13,500 | 7 |
| 4BR | $11,350 | +$900 (+8.6%) | +$4,850 (+74.6%) | $8,775 – $13,925 | 2 |
| 4BR | $11,350 | +$900 (+8.6%) | +$4,850 (+74.6%) | $8,775 – $13,925 | 2 |
Median, P25, and P75 are asking rents from listings posted in June 2023. Changes compare against the nearest prior month with data.
Financial District vs. New York City — June 2023
| Bedrooms | Financial District Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $3,925 | $2,500 | +$1,425 (+57.0%) |
| Studio | $3,600 | $2,500 | +$1,100 (+44.0%) |
| 1BR | $4,800 | $2,488 | +$2,313 (+93.0%) |
| 1BR | $4,770 | $2,488 | +$2,283 (+91.8%) |
| 1BR | $4,670 | $2,488 | +$2,183 (+87.7%) |
| 2BR | $5,995 | $2,828 | +$3,167 (+112.0%) |
| 2BR | $6,850 | $2,828 | +$4,022 (+142.2%) |
| 2BR | $6,995 | $2,828 | +$4,167 (+147.3%) |
| 3BR | $15,155 | $3,300 | +$11,855 (+359.2%) |
| 3BR | $14,750 | $3,300 | +$11,450 (+347.0%) |
| 3BR | $10,500 | $3,300 | +$7,200 (+218.2%) |
| 4BR | $11,350 | $4,200 | +$7,150 (+170.2%) |
| 4BR | $11,350 | $4,200 | +$7,150 (+170.2%) |
Citywide figure is the median of zip-level medians across 174 New York City zip codes with listings in June 2023.