Monthly Rent Report
Financial District Rent Report — December 2023
Asking rents in ZIP 10038, New York City, from 364 listings.
Median 1BR rent in Financial District was $5,360 in December 2023, up 18.5% (+$835) from November 2023 and up 27.6% year-over-year. The middle half of 1BR listings asked between $4,640 and $6,750. That puts Financial District $2,960 above the New York City citywide 1BR median of $2,400. The month's figures are based on 364 listings across 17 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. November 2023 | Vs. December 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $3,710 | +$165 (+4.7%) | +$260 (+7.5%) | $3,418 – $3,995 | 68 |
| Studio | $4,850 | +$1,305 (+36.8%) | +$1,400 (+40.6%) | $4,850 – $4,850 | 1 |
| Studio | $4,360 | +$815 (+23.0%) | +$910 (+26.4%) | $3,515 – $4,439 | 10 |
| 1BR | $5,360 | +$835 (+18.5%) | +$1,160 (+27.6%) | $4,640 – $6,750 | 29 |
| 1BR | $4,618 | +$93 (+2.1%) | +$418 (+10.0%) | $4,333 – $4,850 | 4 |
| 1BR | $4,575 | +$50 (+1.1%) | +$375 (+8.9%) | $4,148 – $5,344 | 88 |
| 2BR | $5,995 | −$505 (-7.8%) | +$48 (+0.8%) | $4,998 – $7,303 | 75 |
| 2BR | $5,700 | −$800 (-12.3%) | −$247 (-4.2%) | $5,000 – $6,590 | 31 |
| 2BR | $3,650 | −$2,850 (-43.8%) | −$2,297 (-38.6%) | $3,650 – $3,700 | 3 |
| 3BR | $7,890 | +$440 (+5.9%) | +$1,895 (+31.6%) | $5,500 – $10,125 | 30 |
| 3BR | $8,211 | +$761 (+10.2%) | +$2,216 (+37.0%) | $8,211 – $8,211 | 1 |
| 4BR | $8,495 | +$45 (+0.5%) | +$1,848 (+27.8%) | $8,495 – $8,495 | 6 |
| 4BR | $8,495 | +$45 (+0.5%) | +$1,848 (+27.8%) | $8,495 – $8,495 | 6 |
| 4BR | $8,450 | $0 (0.0%) | +$1,803 (+27.1%) | $4,500 – $8,495 | 5 |
Median, P25, and P75 are asking rents from listings posted in December 2023. Changes compare against the nearest prior month with data.
Financial District vs. New York City — December 2023
| Bedrooms | Financial District Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $3,710 | $2,362 | +$1,348 (+57.1%) |
| Studio | $4,850 | $2,362 | +$2,488 (+105.4%) |
| Studio | $4,360 | $2,362 | +$1,998 (+84.6%) |
| 1BR | $5,360 | $2,400 | +$2,960 (+123.3%) |
| 1BR | $4,618 | $2,400 | +$2,218 (+92.4%) |
| 1BR | $4,575 | $2,400 | +$2,175 (+90.6%) |
| 2BR | $5,995 | $2,900 | +$3,095 (+106.7%) |
| 2BR | $5,700 | $2,900 | +$2,800 (+96.6%) |
| 2BR | $3,650 | $2,900 | +$750 (+25.9%) |
| 3BR | $7,890 | $3,500 | +$4,390 (+125.4%) |
| 3BR | $8,211 | $3,500 | +$4,711 (+134.6%) |
| 4BR | $8,495 | $4,070 | +$4,425 (+108.7%) |
| 4BR | $8,495 | $4,070 | +$4,425 (+108.7%) |
| 4BR | $8,450 | $4,070 | +$4,380 (+107.6%) |
Citywide figure is the median of zip-level medians across 174 New York City zip codes with listings in December 2023.