Monthly Rent Report
Financial District Rent Report — November 2023
Asking rents in ZIP 10038, New York City, from 326 listings.
Median 1BR rent in Financial District was $4,270 in November 2023, up 1.7% (+$70) from October 2023 and down 18.4% year-over-year. The middle half of 1BR listings asked between $4,150 and $4,575. That puts Financial District $1,870 above the New York City citywide 1BR median of $2,400. The month's figures are based on 326 listings across 15 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. October 2023 | Vs. November 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $3,095 | −$1,880 (-37.8%) | −$147 (-4.5%) | $3,095 – $3,095 | 9 |
| Studio | $3,545 | −$1,430 (-28.7%) | +$303 (+9.3%) | $3,495 – $3,995 | 52 |
| Studio | $3,300 | −$1,675 (-33.7%) | +$58 (+1.8%) | $3,217 – $4,352 | 3 |
| 1BR | $4,270 | +$70 (+1.7%) | −$960 (-18.4%) | $4,150 – $4,575 | 33 |
| 1BR | $5,215 | +$1,015 (+24.2%) | −$15 (-0.3%) | $4,608 – $5,392 | 3 |
| 1BR | $4,525 | +$325 (+7.7%) | −$705 (-13.5%) | $4,100 – $5,262 | 69 |
| 2BR | $5,507 | −$543 (-9.0%) | −$790 (-12.6%) | $5,419 – $5,595 | 2 |
| 2BR | $5,600 | −$450 (-7.4%) | −$697 (-11.1%) | $5,300 – $7,500 | 41 |
| 2BR | $6,500 | +$450 (+7.4%) | +$203 (+3.2%) | $5,150 – $6,988 | 68 |
| 3BR | $6,748 | +$1,248 (+22.7%) | −$647 (-8.8%) | $5,500 – $7,995 | 4 |
| 3BR | $7,450 | +$1,950 (+35.5%) | +$55 (+0.7%) | $7,450 – $7,450 | 1 |
| 3BR | $7,900 | +$2,400 (+43.6%) | +$505 (+6.8%) | $4,895 – $8,700 | 27 |
| 4BR | $8,450 | +$3,950 (+87.8%) | +$2,455 (+41.0%) | $8,450 – $8,450 | 3 |
| 4BR | $6,398 | +$1,898 (+42.2%) | +$403 (+6.7%) | $4,500 – $8,295 | 4 |
| 4BR | $8,295 | +$3,795 (+84.3%) | +$2,300 (+38.4%) | $6,398 – $8,450 | 7 |
Median, P25, and P75 are asking rents from listings posted in November 2023. Changes compare against the nearest prior month with data.
Financial District vs. New York City — November 2023
| Bedrooms | Financial District Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $3,095 | $2,395 | +$700 (+29.2%) |
| Studio | $3,545 | $2,395 | +$1,150 (+48.0%) |
| Studio | $3,300 | $2,395 | +$905 (+37.8%) |
| 1BR | $4,270 | $2,400 | +$1,870 (+77.9%) |
| 1BR | $5,215 | $2,400 | +$2,815 (+117.3%) |
| 1BR | $4,525 | $2,400 | +$2,125 (+88.5%) |
| 2BR | $5,507 | $2,798 | +$2,710 (+96.9%) |
| 2BR | $5,600 | $2,798 | +$2,803 (+100.2%) |
| 2BR | $6,500 | $2,798 | +$3,703 (+132.4%) |
| 3BR | $6,748 | $3,300 | +$3,448 (+104.5%) |
| 3BR | $7,450 | $3,300 | +$4,150 (+125.8%) |
| 3BR | $7,900 | $3,300 | +$4,600 (+139.4%) |
| 4BR | $8,450 | $4,199 | +$4,251 (+101.3%) |
| 4BR | $6,398 | $4,199 | +$2,199 (+52.4%) |
| 4BR | $8,295 | $4,199 | +$4,096 (+97.6%) |
Citywide figure is the median of zip-level medians across 175 New York City zip codes with listings in November 2023.