Monthly Rent Report
Financial District Rent Report — October 2023
Asking rents in ZIP 10038, New York City, from 118 listings.
Median 1BR rent in Financial District was $4,200 in October 2023, down 11.6% (−$550) from September 2023 and down 9.3% year-over-year. The middle half of 1BR listings asked between $4,100 and $4,725. That puts Financial District $1,750 above the New York City citywide 1BR median of $2,450. The month's figures are based on 118 listings across 15 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. September 2023 | Vs. October 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $4,975 | +$1,392 (+38.8%) | +$1,375 (+38.2%) | $3,750 – $6,200 | 6 |
| Studio | $4,623 | +$1,040 (+29.0%) | +$1,023 (+28.4%) | $4,623 – $4,623 | 1 |
| Studio | $3,600 | +$17 (+0.5%) | $0 (0.0%) | $3,450 – $4,048 | 15 |
| 1BR | $4,200 | −$550 (-11.6%) | −$429 (-9.3%) | $4,100 – $4,725 | 3 |
| 1BR | $4,995 | +$245 (+5.2%) | +$366 (+7.9%) | $4,325 – $4,995 | 23 |
| 1BR | $4,998 | +$248 (+5.2%) | +$369 (+8.0%) | $4,313 – $5,238 | 18 |
| 2BR | $5,729 | −$9,271 (-61.8%) | −$371 (-6.1%) | $5,729 – $5,729 | 1 |
| 2BR | $6,050 | −$8,950 (-59.7%) | −$50 (-0.8%) | $5,200 – $7,359 | 22 |
| 2BR | $6,450 | −$8,550 (-57.0%) | +$350 (+5.7%) | $6,450 – $6,450 | 6 |
| 3BR | $10,500 | −$2,000 (-16.0%) | +$3,005 (+40.1%) | $10,500 – $12,500 | 9 |
| 3BR | $9,625 | −$2,875 (-23.0%) | +$2,130 (+28.4%) | $9,625 – $9,625 | 1 |
| 3BR | $5,500 | −$7,000 (-56.0%) | −$1,995 (-26.6%) | $5,400 – $15,000 | 5 |
| 4BR | $6,498 | −$752 (-10.4%) | −$497 (-7.1%) | $5,499 – $7,496 | 2 |
| 4BR | $4,500 | −$2,750 (-37.9%) | −$2,495 (-35.7%) | $4,500 – $4,500 | 5 |
Median, P25, and P75 are asking rents from listings posted in October 2023. Changes compare against the nearest prior month with data.
Financial District vs. New York City — October 2023
| Bedrooms | Financial District Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $4,975 | $2,411 | +$2,565 (+106.4%) |
| Studio | $4,623 | $2,411 | +$2,213 (+91.8%) |
| Studio | $3,600 | $2,411 | +$1,190 (+49.3%) |
| 1BR | $4,200 | $2,450 | +$1,750 (+71.4%) |
| 1BR | $4,995 | $2,450 | +$2,545 (+103.9%) |
| 1BR | $4,998 | $2,450 | +$2,548 (+104.0%) |
| 2BR | $5,729 | $2,900 | +$2,829 (+97.6%) |
| 2BR | $6,050 | $2,900 | +$3,150 (+108.6%) |
| 2BR | $6,450 | $2,900 | +$3,550 (+122.4%) |
| 3BR | $10,500 | $3,349 | +$7,151 (+213.5%) |
| 3BR | $9,625 | $3,349 | +$6,276 (+187.4%) |
| 3BR | $5,500 | $3,349 | +$2,151 (+64.2%) |
| 4BR | $6,498 | $4,200 | +$2,298 (+54.7%) |
| 4BR | $4,500 | $4,200 | +$300 (+7.1%) |
Citywide figure is the median of zip-level medians across 174 New York City zip codes with listings in October 2023.