Monthly Rent Report
Financial District Rent Report — April 2024
Asking rents in ZIP 10038, New York City, from 277 listings.
Median 1BR rent in Financial District was $5,665 in April 2024, up 2.8% (+$155) from March 2024 and up 31.7% year-over-year. The middle half of 1BR listings asked between $5,665 and $5,665. That puts Financial District $3,165 above the New York City citywide 1BR median of $2,500. The month's figures are based on 277 listings across 15 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. March 2024 | Vs. April 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $4,152 | +$387 (+10.3%) | +$730 (+21.3%) | $4,152 – $4,152 | 1 |
| Studio | $3,925 | +$160 (+4.2%) | +$503 (+14.7%) | $3,500 – $4,280 | 38 |
| Studio | $4,425 | +$660 (+17.5%) | +$1,003 (+29.3%) | $4,087 – $4,604 | 28 |
| 1BR | $5,665 | +$155 (+2.8%) | +$1,365 (+31.7%) | $5,665 – $5,665 | 1 |
| 1BR | $5,720 | +$210 (+3.8%) | +$1,420 (+33.0%) | $4,750 – $6,452 | 55 |
| 1BR | $4,538 | −$972 (-17.6%) | +$238 (+5.5%) | $4,213 – $5,525 | 58 |
| 2BR | $6,500 | −$366 (-5.3%) | −$290 (-4.3%) | $5,400 – $9,933 | 49 |
| 2BR | $5,800 | −$1,066 (-15.5%) | −$990 (-14.6%) | $5,725 – $6,990 | 19 |
| 2BR | $6,692 | −$174 (-2.5%) | −$98 (-1.4%) | $6,692 – $6,821 | 3 |
| 3BR | $12,500 | +$6,300 (+101.6%) | +$6,750 (+117.4%) | $8,700 – $15,500 | 5 |
| 3BR | $14,998 | +$8,798 (+141.9%) | +$9,248 (+160.8%) | $14,998 – $14,998 | 1 |
| 3BR | $7,348 | +$1,148 (+18.5%) | +$1,598 (+27.8%) | $5,350 – $13,499 | 10 |
| 4BR | $15,995 | +$8,300 (+107.9%) | +$8,095 (+102.5%) | $11,248 – $15,995 | 3 |
| 4BR | $6,095 | −$1,600 (-20.8%) | −$1,805 (-22.8%) | $5,295 – $6,895 | 2 |
| 4BR | $7,098 | −$597 (-7.8%) | −$802 (-10.2%) | $5,999 – $7,959 | 4 |
Median, P25, and P75 are asking rents from listings posted in April 2024. Changes compare against the nearest prior month with data.
Financial District vs. New York City — April 2024
| Bedrooms | Financial District Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $4,152 | $2,491 | +$1,661 (+66.7%) |
| Studio | $3,925 | $2,491 | +$1,434 (+57.6%) |
| Studio | $4,425 | $2,491 | +$1,934 (+77.7%) |
| 1BR | $5,665 | $2,500 | +$3,165 (+126.6%) |
| 1BR | $5,720 | $2,500 | +$3,220 (+128.8%) |
| 1BR | $4,538 | $2,500 | +$2,038 (+81.5%) |
| 2BR | $6,500 | $2,995 | +$3,505 (+117.0%) |
| 2BR | $5,800 | $2,995 | +$2,805 (+93.7%) |
| 2BR | $6,692 | $2,995 | +$3,697 (+123.4%) |
| 3BR | $12,500 | $3,500 | +$9,000 (+257.1%) |
| 3BR | $14,998 | $3,500 | +$11,498 (+328.5%) |
| 3BR | $7,348 | $3,500 | +$3,848 (+109.9%) |
| 4BR | $15,995 | $4,270 | +$11,725 (+274.6%) |
| 4BR | $6,095 | $4,270 | +$1,825 (+42.7%) |
| 4BR | $7,098 | $4,270 | +$2,828 (+66.2%) |
Citywide figure is the median of zip-level medians across 175 New York City zip codes with listings in April 2024.