Monthly Rent Report
Financial District Rent Report — January 2024
Asking rents in ZIP 10038, New York City, from 110 listings.
Median 1BR rent in Financial District was $4,148 in January 2024, down 9.3% (−$427) from December 2023 and down 6.2% year-over-year. The middle half of 1BR listings asked between $3,999 and $4,663. That puts Financial District $1,798 above the New York City citywide 1BR median of $2,350. The month's figures are based on 110 listings across 18 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. December 2023 | Vs. January 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $3,250 | −$1,110 (-25.5%) | +$133 (+4.3%) | $2,850 – $3,323 | 3 |
| Studio | $3,675 | −$685 (-15.7%) | +$558 (+17.9%) | $2,995 – $3,675 | 9 |
| Studio | $3,374 | −$986 (-22.6%) | +$257 (+8.2%) | $3,222 – $3,604 | 10 |
| 1BR | $4,148 | −$427 (-9.3%) | −$275 (-6.2%) | $3,999 – $4,663 | 8 |
| 1BR | $4,404 | −$171 (-3.7%) | −$18 (-0.4%) | $4,347 – $4,629 | 6 |
| 1BR | $4,865 | +$290 (+6.3%) | +$443 (+10.0%) | $4,185 – $6,150 | 11 |
| 2BR | $7,050 | +$3,400 (+93.2%) | +$550 (+8.5%) | $7,050 – $7,050 | 1 |
| 2BR | $5,773 | +$2,123 (+58.2%) | −$727 (-11.2%) | $5,450 – $6,245 | 12 |
| 2BR | $5,995 | +$2,345 (+64.2%) | −$505 (-7.8%) | $3,895 – $7,500 | 36 |
| 3BR | $8,118 | −$93 (-1.1%) | −$3,382 (-29.4%) | $8,118 – $8,118 | 1 |
| 3BR | $6,400 | −$1,811 (-22.1%) | −$5,100 (-44.3%) | $5,950 – $6,850 | 2 |
| 3BR | $4,200 | −$4,011 (-48.8%) | −$7,300 (-63.5%) | $4,000 – $5,200 | 3 |
| 4BR | $8,000 | −$450 (-5.3%) | +$1,000 (+14.3%) | $7,250 – $8,248 | 3 |
| 4BR | $8,400 | −$50 (-0.6%) | +$1,400 (+20.0%) | $8,400 – $8,400 | 1 |
| 4BR | $8,400 | −$50 (-0.6%) | +$1,400 (+20.0%) | $8,400 – $8,400 | 1 |
Median, P25, and P75 are asking rents from listings posted in January 2024. Changes compare against the nearest prior month with data.
Financial District vs. New York City — January 2024
| Bedrooms | Financial District Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $3,250 | $2,338 | +$913 (+39.0%) |
| Studio | $3,675 | $2,338 | +$1,338 (+57.2%) |
| Studio | $3,374 | $2,338 | +$1,036 (+44.3%) |
| 1BR | $4,148 | $2,350 | +$1,798 (+76.5%) |
| 1BR | $4,404 | $2,350 | +$2,054 (+87.4%) |
| 1BR | $4,865 | $2,350 | +$2,515 (+107.0%) |
| 2BR | $7,050 | $2,885 | +$4,165 (+144.4%) |
| 2BR | $5,773 | $2,885 | +$2,888 (+100.1%) |
| 2BR | $5,995 | $2,885 | +$3,110 (+107.8%) |
| 3BR | $8,118 | $3,443 | +$4,675 (+135.8%) |
| 3BR | $6,400 | $3,443 | +$2,957 (+85.9%) |
| 3BR | $4,200 | $3,443 | +$757 (+22.0%) |
| 4BR | $8,000 | $4,000 | +$4,000 (+100.0%) |
| 4BR | $8,400 | $4,000 | +$4,400 (+110.0%) |
| 4BR | $8,400 | $4,000 | +$4,400 (+110.0%) |
Citywide figure is the median of zip-level medians across 174 New York City zip codes with listings in January 2024.