Monthly Rent Report
Financial District Rent Report — August 2023
Asking rents in ZIP 10038, New York City, from 90 listings.
Median 1BR rent in Financial District was $4,600 in August 2023, down 7.8% (−$387) from July 2023 and down 9.9% year-over-year. The middle half of 1BR listings asked between $4,413 and $4,713. That puts Financial District $2,250 above the New York City citywide 1BR median of $2,350. The month's figures are based on 90 listings across 17 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. July 2023 | Vs. August 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $3,350 | −$325 (-8.8%) | −$350 (-9.5%) | $3,073 – $3,463 | 3 |
| Studio | $4,072 | +$397 (+10.8%) | +$372 (+10.1%) | $4,072 – $4,072 | 1 |
| Studio | $3,896 | +$221 (+6.0%) | +$196 (+5.3%) | $3,685 – $3,955 | 9 |
| 1BR | $4,600 | −$387 (-7.8%) | −$505 (-9.9%) | $4,413 – $4,713 | 6 |
| 1BR | $5,446 | +$459 (+9.2%) | +$341 (+6.7%) | $5,446 – $5,446 | 1 |
| 1BR | $4,905 | −$82 (-1.7%) | −$200 (-3.9%) | $4,735 – $5,128 | 7 |
| 2BR | $7,000 | $0 (0.0%) | +$650 (+10.2%) | $6,950 – $8,735 | 3 |
| 2BR | $11,318 | +$4,318 (+61.7%) | +$4,968 (+78.2%) | $11,318 – $11,318 | 1 |
| 2BR | $6,535 | −$465 (-6.6%) | +$185 (+2.9%) | $6,218 – $6,623 | 3 |
| 3BR | $11,458 | +$2,208 (+23.9%) | −$812 (-6.6%) | $11,458 – $11,458 | 1 |
| 3BR | $8,900 | −$350 (-3.8%) | −$3,370 (-27.5%) | $7,924 – $8,900 | 8 |
| 3BR | $9,975 | +$725 (+7.8%) | −$2,295 (-18.7%) | $7,355 – $13,250 | 26 |
| 4BR | $8,998 | +$2,748 (+44.0%) | +$2,350 (+35.4%) | $6,250 – $11,559 | 4 |
| 4BR | $4,500 | −$1,750 (-28.0%) | −$2,147 (-32.3%) | $4,500 – $8,295 | 9 |
| 4BR | $4,850 | −$1,400 (-22.4%) | −$1,797 (-27.0%) | $4,650 – $6,125 | 4 |
Median, P25, and P75 are asking rents from listings posted in August 2023. Changes compare against the nearest prior month with data.
Financial District vs. New York City — August 2023
| Bedrooms | Financial District Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $3,350 | $2,490 | +$860 (+34.5%) |
| Studio | $4,072 | $2,490 | +$1,582 (+63.5%) |
| Studio | $3,896 | $2,490 | +$1,406 (+56.5%) |
| 1BR | $4,600 | $2,350 | +$2,250 (+95.7%) |
| 1BR | $5,446 | $2,350 | +$3,096 (+131.7%) |
| 1BR | $4,905 | $2,350 | +$2,555 (+108.7%) |
| 2BR | $7,000 | $2,859 | +$4,141 (+144.8%) |
| 2BR | $11,318 | $2,859 | +$8,459 (+295.9%) |
| 2BR | $6,535 | $2,859 | +$3,676 (+128.6%) |
| 3BR | $11,458 | $3,413 | +$8,046 (+235.8%) |
| 3BR | $8,900 | $3,413 | +$5,488 (+160.8%) |
| 3BR | $9,975 | $3,413 | +$6,563 (+192.3%) |
| 4BR | $8,998 | $4,200 | +$4,798 (+114.2%) |
| 4BR | $4,500 | $4,200 | +$300 (+7.1%) |
| 4BR | $4,850 | $4,200 | +$650 (+15.5%) |
Citywide figure is the median of zip-level medians across 175 New York City zip codes with listings in August 2023.