Monthly Rent Report
Financial District Rent Report — September 2023
Asking rents in ZIP 10038, New York City, from 47 listings.
Median 1BR rent in Financial District was $4,750 in September 2023, down 12.8% (−$696) from August 2023 and down 2.7% year-over-year. The middle half of 1BR listings asked between $4,750 and $4,750. That puts Financial District $2,250 above the New York City citywide 1BR median of $2,500. The month's figures are based on 47 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. August 2023 | Vs. September 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $4,760 | +$864 (+22.2%) | +$1,200 (+33.7%) | $4,760 – $4,760 | 1 |
| Studio | $3,584 | −$312 (-8.0%) | +$24 (+0.7%) | $3,457 – $4,080 | 6 |
| 1BR | $4,750 | −$696 (-12.8%) | −$130 (-2.7%) | $4,750 – $4,750 | 7 |
| 1BR | $5,220 | −$226 (-4.1%) | +$340 (+7.0%) | $5,173 – $5,430 | 4 |
| 1BR | $4,950 | −$496 (-9.1%) | +$70 (+1.4%) | $4,575 – $5,100 | 3 |
| 2BR | $9,460 | −$1,858 (-16.4%) | +$2,860 (+43.3%) | $8,985 – $10,120 | 4 |
| 2BR | $5,995 | −$5,323 (-47.0%) | −$605 (-9.2%) | $5,995 – $5,995 | 1 |
| 2BR | $15,000 | +$3,682 (+32.5%) | +$8,400 (+127.3%) | $6,882 – $15,000 | 11 |
| 3BR | $16,500 | +$7,600 (+85.4%) | +$9,500 (+135.7%) | $16,500 – $16,500 | 6 |
| 3BR | $12,500 | +$3,600 (+40.4%) | +$5,500 (+78.6%) | $12,500 – $12,500 | 1 |
| 3BR | $16,440 | +$7,540 (+84.7%) | +$9,440 (+134.9%) | $16,440 – $16,440 | 1 |
| 4BR | $7,250 | +$2,750 (+61.1%) | +$250 (+3.6%) | $6,125 – $8,375 | 2 |
Median, P25, and P75 are asking rents from listings posted in September 2023. Changes compare against the nearest prior month with data.
Financial District vs. New York City — September 2023
| Bedrooms | Financial District Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $4,760 | $2,400 | +$2,360 (+98.3%) |
| Studio | $3,584 | $2,400 | +$1,184 (+49.3%) |
| 1BR | $4,750 | $2,500 | +$2,250 (+90.0%) |
| 1BR | $5,220 | $2,500 | +$2,720 (+108.8%) |
| 1BR | $4,950 | $2,500 | +$2,450 (+98.0%) |
| 2BR | $9,460 | $3,000 | +$6,460 (+215.3%) |
| 2BR | $5,995 | $3,000 | +$2,995 (+99.8%) |
| 2BR | $15,000 | $3,000 | +$12,000 (+400.0%) |
| 3BR | $16,500 | $3,500 | +$13,000 (+371.4%) |
| 3BR | $12,500 | $3,500 | +$9,000 (+257.1%) |
| 3BR | $16,440 | $3,500 | +$12,940 (+369.7%) |
| 4BR | $7,250 | $4,325 | +$2,925 (+67.6%) |
Citywide figure is the median of zip-level medians across 175 New York City zip codes with listings in September 2023.