Monthly Rent Report
Financial District Rent Report — February 2024
Asking rents in ZIP 10038, New York City, from 420 listings.
Median 1BR rent in Financial District was $4,555 in February 2024, up 3.4% (+$151) from January 2024 and up 7.0% year-over-year. The middle half of 1BR listings asked between $3,975 and $5,500. That puts Financial District $2,105 above the New York City citywide 1BR median of $2,450. The month's figures are based on 420 listings across 18 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. January 2024 | Vs. February 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $4,360 | +$685 (+18.6%) | +$385 (+9.7%) | $3,515 – $4,465 | 60 |
| Studio | $3,392 | −$283 (-7.7%) | −$583 (-14.7%) | $3,344 – $3,567 | 11 |
| Studio | $3,640 | −$35 (-1.0%) | −$335 (-8.4%) | $3,350 – $4,310 | 35 |
| 1BR | $4,555 | +$151 (+3.4%) | +$297 (+7.0%) | $3,975 – $5,500 | 59 |
| 1BR | $4,385 | −$19 (-0.4%) | +$127 (+3.0%) | $4,355 – $4,698 | 9 |
| 1BR | $5,397 | +$993 (+22.5%) | +$1,139 (+26.7%) | $4,790 – $6,584 | 115 |
| 2BR | $5,829 | −$1,221 (-17.3%) | −$921 (-13.7%) | $5,672 – $5,985 | 2 |
| 2BR | $5,998 | −$1,052 (-14.9%) | −$752 (-11.1%) | $5,450 – $7,526 | 40 |
| 2BR | $5,995 | −$1,055 (-15.0%) | −$755 (-11.2%) | $5,495 – $6,833 | 45 |
| 3BR | $6,200 | −$1,918 (-23.6%) | −$1,100 (-15.1%) | $3,398 – $10,500 | 11 |
| 3BR | $6,950 | −$1,168 (-14.4%) | −$350 (-4.8%) | $4,650 – $10,500 | 23 |
| 3BR | $7,450 | −$668 (-8.2%) | +$150 (+2.1%) | $7,450 – $7,450 | 1 |
| 4BR | $8,400 | $0 (0.0%) | — | $8,400 – $8,400 | 1 |
| 4BR | $8,769 | +$369 (+4.4%) | — | $8,769 – $8,769 | 1 |
| 4BR | $7,695 | −$705 (-8.4%) | — | $7,695 – $7,695 | 1 |
Median, P25, and P75 are asking rents from listings posted in February 2024. Changes compare against the nearest prior month with data.
Financial District vs. New York City — February 2024
| Bedrooms | Financial District Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $4,360 | $2,359 | +$2,001 (+84.8%) |
| Studio | $3,392 | $2,359 | +$1,033 (+43.8%) |
| Studio | $3,640 | $2,359 | +$1,281 (+54.3%) |
| 1BR | $4,555 | $2,450 | +$2,105 (+85.9%) |
| 1BR | $4,385 | $2,450 | +$1,935 (+79.0%) |
| 1BR | $5,397 | $2,450 | +$2,947 (+120.3%) |
| 2BR | $5,829 | $2,979 | +$2,850 (+95.7%) |
| 2BR | $5,998 | $2,979 | +$3,019 (+101.3%) |
| 2BR | $5,995 | $2,979 | +$3,016 (+101.2%) |
| 3BR | $6,200 | $3,500 | +$2,700 (+77.1%) |
| 3BR | $6,950 | $3,500 | +$3,450 (+98.6%) |
| 3BR | $7,450 | $3,500 | +$3,950 (+112.9%) |
| 4BR | $8,400 | $4,148 | +$4,253 (+102.5%) |
| 4BR | $8,769 | $4,148 | +$4,622 (+111.4%) |
| 4BR | $7,695 | $4,148 | +$3,548 (+85.5%) |
Citywide figure is the median of zip-level medians across 174 New York City zip codes with listings in February 2024.