Monthly Rent Report
Financial District Rent Report — June 2024
Asking rents in ZIP 10038, New York City, from 750 listings.
Median 1BR rent in Financial District was $4,813 in June 2024, up 4.6% (+$213) from May 2024 and up 0.3% year-over-year. The middle half of 1BR listings asked between $4,794 and $4,831. That puts Financial District $2,363 above the New York City citywide 1BR median of $2,450. The month's figures are based on 750 listings across 18 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. May 2024 | Vs. June 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $3,883 | +$133 (+3.5%) | −$42 (-1.1%) | $3,500 – $4,500 | 56 |
| Studio | $4,290 | +$540 (+14.4%) | +$365 (+9.3%) | $3,515 – $4,479 | 123 |
| Studio | $3,764 | +$14 (+0.4%) | −$161 (-4.1%) | $3,582 – $4,011 | 4 |
| 1BR | $4,813 | +$213 (+4.6%) | +$13 (+0.3%) | $4,794 – $4,831 | 2 |
| 1BR | $4,825 | +$225 (+4.9%) | +$25 (+0.5%) | $4,000 – $5,505 | 187 |
| 1BR | $4,650 | +$50 (+1.1%) | −$150 (-3.1%) | $4,363 – $5,100 | 66 |
| 2BR | $6,430 | −$470 (-6.8%) | +$435 (+7.3%) | $5,600 – $9,353 | 69 |
| 2BR | $7,250 | +$350 (+5.1%) | +$1,255 (+20.9%) | $7,250 – $7,250 | 1 |
| 2BR | $4,300 | −$2,600 (-37.7%) | −$1,695 (-28.3%) | $3,462 – $6,624 | 116 |
| 3BR | $12,500 | +$3,800 (+43.7%) | +$2,000 (+19.0%) | $8,725 – $13,749 | 19 |
| 3BR | $8,949 | +$249 (+2.9%) | −$1,551 (-14.8%) | $8,949 – $8,949 | 1 |
| 3BR | $5,000 | −$3,700 (-42.5%) | −$5,500 (-52.4%) | $4,325 – $7,050 | 71 |
| 4BR | $8,250 | +$750 (+10.0%) | −$3,100 (-27.3%) | $7,500 – $10,900 | 8 |
| 4BR | $7,700 | +$200 (+2.7%) | −$3,650 (-32.2%) | $6,598 – $8,225 | 19 |
| 4BR | $6,000 | −$1,500 (-20.0%) | −$5,350 (-47.1%) | $6,000 – $6,000 | 1 |
Median, P25, and P75 are asking rents from listings posted in June 2024. Changes compare against the nearest prior month with data.
Financial District vs. New York City — June 2024
| Bedrooms | Financial District Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $3,883 | $2,440 | +$1,443 (+59.1%) |
| Studio | $4,290 | $2,440 | +$1,850 (+75.8%) |
| Studio | $3,764 | $2,440 | +$1,324 (+54.2%) |
| 1BR | $4,813 | $2,450 | +$2,363 (+96.4%) |
| 1BR | $4,825 | $2,450 | +$2,375 (+96.9%) |
| 1BR | $4,650 | $2,450 | +$2,200 (+89.8%) |
| 2BR | $6,430 | $2,900 | +$3,530 (+121.7%) |
| 2BR | $7,250 | $2,900 | +$4,350 (+150.0%) |
| 2BR | $4,300 | $2,900 | +$1,400 (+48.3%) |
| 3BR | $12,500 | $3,600 | +$8,900 (+247.2%) |
| 3BR | $8,949 | $3,600 | +$5,349 (+148.6%) |
| 3BR | $5,000 | $3,600 | +$1,400 (+38.9%) |
| 4BR | $8,250 | $4,256 | +$3,994 (+93.8%) |
| 4BR | $7,700 | $4,256 | +$3,444 (+80.9%) |
| 4BR | $6,000 | $4,256 | +$1,744 (+41.0%) |
Citywide figure is the median of zip-level medians across 176 New York City zip codes with listings in June 2024.