Monthly Rent Report
Financial District Rent Report — March 2024
Asking rents in ZIP 10038, New York City, from 272 listings.
Median 1BR rent in Financial District was $4,600 in March 2024, up 1.0% (+$45) from February 2024 and up 2.3% year-over-year. The middle half of 1BR listings asked between $4,425 and $5,695. That puts Financial District $2,101 above the New York City citywide 1BR median of $2,499. The month's figures are based on 272 listings across 18 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. February 2024 | Vs. March 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $3,765 | +$125 (+3.4%) | +$40 (+1.1%) | $3,375 – $4,050 | 29 |
| Studio | $3,960 | +$320 (+8.8%) | +$235 (+6.3%) | $3,960 – $3,960 | 1 |
| Studio | $4,360 | +$720 (+19.8%) | +$635 (+17.0%) | $4,075 – $4,495 | 41 |
| 1BR | $4,600 | +$45 (+1.0%) | +$103 (+2.3%) | $4,425 – $5,695 | 41 |
| 1BR | $5,585 | +$1,030 (+22.6%) | +$1,088 (+24.2%) | $5,291 – $5,595 | 4 |
| 1BR | $5,510 | +$955 (+21.0%) | +$1,013 (+22.5%) | $5,290 – $6,351 | 79 |
| 2BR | $6,380 | +$552 (+9.5%) | +$975 (+18.0%) | $6,050 – $10,373 | 22 |
| 2BR | $6,500 | +$672 (+11.5%) | +$1,095 (+20.3%) | $6,500 – $6,500 | 1 |
| 2BR | $6,867 | +$1,038 (+17.8%) | +$1,462 (+27.0%) | $6,148 – $8,527 | 22 |
| 3BR | $6,200 | −$750 (-10.8%) | −$4,282 (-40.9%) | $5,300 – $12,500 | 9 |
| 3BR | $5,995 | −$955 (-13.7%) | −$4,487 (-42.8%) | $4,545 – $7,828 | 7 |
| 3BR | $8,144 | +$1,194 (+17.2%) | −$2,338 (-22.3%) | $8,041 – $8,234 | 4 |
| 4BR | $8,400 | $0 (0.0%) | +$625 (+8.0%) | $6,448 – $8,400 | 3 |
| 4BR | $6,095 | −$2,305 (-27.4%) | −$1,680 (-21.6%) | $4,495 – $7,695 | 4 |
| 4BR | $7,695 | −$705 (-8.4%) | −$80 (-1.0%) | $7,695 – $7,695 | 1 |
Median, P25, and P75 are asking rents from listings posted in March 2024. Changes compare against the nearest prior month with data.
Financial District vs. New York City — March 2024
| Bedrooms | Financial District Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $3,765 | $2,450 | +$1,315 (+53.7%) |
| Studio | $3,960 | $2,450 | +$1,510 (+61.6%) |
| Studio | $4,360 | $2,450 | +$1,910 (+78.0%) |
| 1BR | $4,600 | $2,499 | +$2,101 (+84.1%) |
| 1BR | $5,585 | $2,499 | +$3,086 (+123.5%) |
| 1BR | $5,510 | $2,499 | +$3,011 (+120.5%) |
| 2BR | $6,380 | $2,995 | +$3,386 (+113.1%) |
| 2BR | $6,500 | $2,995 | +$3,506 (+117.1%) |
| 2BR | $6,867 | $2,995 | +$3,872 (+129.3%) |
| 3BR | $6,200 | $3,500 | +$2,700 (+77.1%) |
| 3BR | $5,995 | $3,500 | +$2,495 (+71.3%) |
| 3BR | $8,144 | $3,500 | +$4,644 (+132.7%) |
| 4BR | $8,400 | $4,250 | +$4,151 (+97.7%) |
| 4BR | $6,095 | $4,250 | +$1,846 (+43.4%) |
| 4BR | $7,695 | $4,250 | +$3,446 (+81.1%) |
Citywide figure is the median of zip-level medians across 175 New York City zip codes with listings in March 2024.