Monthly Rent Report
Financial District Rent Report — July 2024
Asking rents in ZIP 10038, New York City, from 357 listings.
Median 1BR rent in Financial District was $5,008 in July 2024, up 3.8% (+$183) from June 2024 and up 0.4% year-over-year. The middle half of 1BR listings asked between $4,350 and $5,698. That puts Financial District $2,508 above the New York City citywide 1BR median of $2,500. The month's figures are based on 357 listings across 17 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. June 2024 | Vs. July 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $4,414 | +$532 (+13.7%) | +$914 (+26.1%) | $3,450 – $4,626 | 62 |
| Studio | $3,800 | −$82 (-2.1%) | +$300 (+8.6%) | $3,433 – $3,997 | 9 |
| Studio | $3,775 | −$107 (-2.8%) | +$275 (+7.9%) | $3,588 – $4,350 | 16 |
| 1BR | $5,008 | +$183 (+3.8%) | +$20 (+0.4%) | $4,350 – $5,698 | 110 |
| 1BR | $4,700 | −$125 (-2.6%) | −$287 (-5.8%) | $4,500 – $4,875 | 9 |
| 1BR | $4,500 | −$325 (-6.7%) | −$487 (-9.8%) | $4,288 – $5,681 | 20 |
| 2BR | $6,999 | +$2,699 (+62.8%) | −$1 (-0.0%) | $6,497 – $7,075 | 3 |
| 2BR | $4,798 | +$498 (+11.6%) | −$2,202 (-31.5%) | $3,694 – $6,604 | 62 |
| 2BR | $6,873 | +$2,573 (+59.8%) | −$127 (-1.8%) | $5,923 – $8,999 | 14 |
| 3BR | $5,000 | $0 (0.0%) | −$4,250 (-45.9%) | $4,450 – $6,850 | 35 |
| 3BR | $9,550 | +$4,550 (+91.0%) | +$300 (+3.2%) | $9,550 – $9,550 | 1 |
| 3BR | $4,995 | −$5 (-0.1%) | −$4,255 (-46.0%) | $4,995 – $4,995 | 1 |
| 4BR | $7,075 | −$625 (-8.1%) | +$825 (+13.2%) | $6,688 – $7,463 | 2 |
| 4BR | $7,400 | −$300 (-3.9%) | +$1,150 (+18.4%) | $6,500 – $8,113 | 8 |
| 4BR | $6,000 | −$1,700 (-22.1%) | −$250 (-4.0%) | $6,000 – $6,000 | 2 |
Median, P25, and P75 are asking rents from listings posted in July 2024. Changes compare against the nearest prior month with data.
Financial District vs. New York City — July 2024
| Bedrooms | Financial District Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $4,414 | $2,800 | +$1,614 (+57.6%) |
| Studio | $3,800 | $2,800 | +$1,000 (+35.7%) |
| Studio | $3,775 | $2,800 | +$975 (+34.8%) |
| 1BR | $5,008 | $2,500 | +$2,508 (+100.3%) |
| 1BR | $4,700 | $2,500 | +$2,200 (+88.0%) |
| 1BR | $4,500 | $2,500 | +$2,000 (+80.0%) |
| 2BR | $6,999 | $3,000 | +$3,999 (+133.3%) |
| 2BR | $4,798 | $3,000 | +$1,798 (+59.9%) |
| 2BR | $6,873 | $3,000 | +$3,873 (+129.1%) |
| 3BR | $5,000 | $3,606 | +$1,394 (+38.7%) |
| 3BR | $9,550 | $3,606 | +$5,944 (+164.8%) |
| 3BR | $4,995 | $3,606 | +$1,389 (+38.5%) |
| 4BR | $7,075 | $4,500 | +$2,575 (+57.2%) |
| 4BR | $7,400 | $4,500 | +$2,900 (+64.4%) |
| 4BR | $6,000 | $4,500 | +$1,500 (+33.3%) |
Citywide figure is the median of zip-level medians across 176 New York City zip codes with listings in July 2024.