Monthly Rent Report
Financial District Rent Report — May 2024
Asking rents in ZIP 10038, New York City, from 604 listings.
Median 1BR rent in Financial District was $5,540 in May 2024, up 22.1% (+$1,003) from April 2024 and up 23.1% year-over-year. The middle half of 1BR listings asked between $5,540 and $5,540. That puts Financial District $3,115 above the New York City citywide 1BR median of $2,425. The month's figures are based on 604 listings across 18 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. April 2024 | Vs. May 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $3,444 | −$981 (-22.2%) | +$94 (+2.8%) | $3,285 – $3,570 | 6 |
| Studio | $4,091 | −$334 (-7.5%) | +$741 (+22.1%) | $3,425 – $4,465 | 107 |
| Studio | $3,750 | −$675 (-15.3%) | +$400 (+11.9%) | $3,470 – $4,125 | 23 |
| 1BR | $5,540 | +$1,003 (+22.1%) | +$1,040 (+23.1%) | $5,540 – $5,540 | 1 |
| 1BR | $4,600 | +$63 (+1.4%) | +$100 (+2.2%) | $4,313 – $4,995 | 38 |
| 1BR | $4,790 | +$253 (+5.6%) | +$290 (+6.4%) | $4,100 – $5,731 | 198 |
| 2BR | $6,900 | +$400 (+6.2%) | −$100 (-1.4%) | $6,402 – $7,025 | 3 |
| 2BR | $4,600 | −$1,900 (-29.2%) | −$2,400 (-34.3%) | $3,518 – $6,511 | 115 |
| 2BR | $6,275 | −$225 (-3.5%) | −$725 (-10.4%) | $5,375 – $10,125 | 28 |
| 3BR | $8,700 | +$1,353 (+18.4%) | −$6,310 (-42.0%) | $7,000 – $12,500 | 5 |
| 3BR | $8,857 | +$1,510 (+20.5%) | −$6,153 (-41.0%) | $8,857 – $8,857 | 1 |
| 3BR | $4,975 | −$2,372 (-32.3%) | −$10,035 (-66.9%) | $4,300 – $6,750 | 60 |
| 4BR | $6,525 | +$430 (+7.1%) | −$3,925 (-37.6%) | $5,690 – $7,200 | 12 |
| 4BR | $11,998 | +$5,903 (+96.8%) | +$1,548 (+14.8%) | $9,999 – $13,996 | 2 |
| 4BR | $7,500 | +$1,405 (+23.1%) | −$2,950 (-28.2%) | $7,500 – $7,500 | 1 |
Median, P25, and P75 are asking rents from listings posted in May 2024. Changes compare against the nearest prior month with data.
Financial District vs. New York City — May 2024
| Bedrooms | Financial District Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $3,444 | $2,350 | +$1,094 (+46.5%) |
| Studio | $4,091 | $2,350 | +$1,741 (+74.1%) |
| Studio | $3,750 | $2,350 | +$1,400 (+59.6%) |
| 1BR | $5,540 | $2,425 | +$3,115 (+128.5%) |
| 1BR | $4,600 | $2,425 | +$2,175 (+89.7%) |
| 1BR | $4,790 | $2,425 | +$2,365 (+97.5%) |
| 2BR | $6,900 | $2,914 | +$3,987 (+136.8%) |
| 2BR | $4,600 | $2,914 | +$1,687 (+57.9%) |
| 2BR | $6,275 | $2,914 | +$3,362 (+115.4%) |
| 3BR | $8,700 | $3,600 | +$5,100 (+141.7%) |
| 3BR | $8,857 | $3,600 | +$5,257 (+146.0%) |
| 3BR | $4,975 | $3,600 | +$1,375 (+38.2%) |
| 4BR | $6,525 | $4,250 | +$2,275 (+53.5%) |
| 4BR | $11,998 | $4,250 | +$7,748 (+182.3%) |
| 4BR | $7,500 | $4,250 | +$3,250 (+76.5%) |
Citywide figure is the median of zip-level medians across 176 New York City zip codes with listings in May 2024.