Monthly Rent Report
Financial District Rent Report — July 2023
Asking rents in ZIP 10038, New York City, from 86 listings.
Median 1BR rent in Financial District was $4,500 in July 2023, down 6.3% (−$300) from June 2023 and down 12.6% year-over-year. The middle half of 1BR listings asked between $4,500 and $4,500. That puts Financial District $2,050 above the New York City citywide 1BR median of $2,450. The month's figures are based on 86 listings across 18 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. June 2023 | Vs. July 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $3,675 | +$75 (+2.1%) | −$5,922 (-61.7%) | $3,575 – $3,850 | 21 |
| Studio | $6,795 | +$3,195 (+88.8%) | −$2,802 (-29.2%) | $6,795 – $6,795 | 1 |
| Studio | $3,500 | −$100 (-2.8%) | −$6,097 (-63.5%) | $3,500 – $3,500 | 1 |
| 1BR | $4,500 | −$300 (-6.3%) | −$650 (-12.6%) | $4,500 – $4,500 | 1 |
| 1BR | $5,085 | +$285 (+5.9%) | −$65 (-1.3%) | $4,994 – $5,233 | 4 |
| 1BR | $4,988 | +$188 (+3.9%) | −$162 (-3.2%) | $4,613 – $5,959 | 18 |
| 2BR | $7,000 | +$5 (+0.1%) | −$3,000 (-30.0%) | $5,496 – $10,941 | 18 |
| 2BR | $8,495 | +$1,500 (+21.4%) | −$1,505 (-15.0%) | $8,495 – $8,495 | 1 |
| 2BR | $6,390 | −$605 (-8.6%) | −$3,610 (-36.1%) | $6,203 – $6,578 | 2 |
| 3BR | $9,250 | −$1,250 (-11.9%) | −$5,750 (-38.3%) | $8,875 – $9,875 | 3 |
| 3BR | $11,245 | +$745 (+7.1%) | −$3,755 (-25.0%) | $6,643 – $15,500 | 4 |
| 3BR | $9,250 | −$1,250 (-11.9%) | −$5,750 (-38.3%) | $9,250 – $9,250 | 1 |
| 4BR | $10,148 | −$1,202 (-10.6%) | +$2,048 (+25.3%) | $7,350 – $13,496 | 4 |
| 4BR | $11,250 | −$100 (-0.9%) | +$3,150 (+38.9%) | $11,250 – $11,250 | 1 |
| 4BR | $6,250 | −$5,100 (-44.9%) | −$1,850 (-22.8%) | $6,125 – $6,375 | 2 |
Median, P25, and P75 are asking rents from listings posted in July 2023. Changes compare against the nearest prior month with data.
Financial District vs. New York City — July 2023
| Bedrooms | Financial District Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $3,675 | $2,498 | +$1,178 (+47.1%) |
| Studio | $6,795 | $2,498 | +$4,298 (+172.1%) |
| Studio | $3,500 | $2,498 | +$1,003 (+40.1%) |
| 1BR | $4,500 | $2,450 | +$2,050 (+83.7%) |
| 1BR | $5,085 | $2,450 | +$2,635 (+107.6%) |
| 1BR | $4,988 | $2,450 | +$2,538 (+103.6%) |
| 2BR | $7,000 | $2,800 | +$4,200 (+150.0%) |
| 2BR | $8,495 | $2,800 | +$5,695 (+203.4%) |
| 2BR | $6,390 | $2,800 | +$3,590 (+128.2%) |
| 3BR | $9,250 | $3,400 | +$5,850 (+172.1%) |
| 3BR | $11,245 | $3,400 | +$7,845 (+230.8%) |
| 3BR | $9,250 | $3,400 | +$5,850 (+172.1%) |
| 4BR | $10,148 | $4,200 | +$5,948 (+141.6%) |
| 4BR | $11,250 | $4,200 | +$7,050 (+167.9%) |
| 4BR | $6,250 | $4,200 | +$2,050 (+48.8%) |
Citywide figure is the median of zip-level medians across 174 New York City zip codes with listings in July 2023.