Monthly Rent Report
Financial District Rent Report — August 2024
Asking rents in ZIP 10038, New York City, from 18 listings.
Median 1BR rent in Financial District was $5,249 in August 2024, up 16.6% (+$749) from July 2024 and up 7.0% year-over-year. The middle half of 1BR listings asked between $5,000 and $5,499. That puts Financial District $2,859 above the New York City citywide 1BR median of $2,390. The month's figures are based on 18 listings across 6 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. July 2024 | Vs. August 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $3,346 | −$454 (-11.9%) | −$550 (-14.1%) | $3,295 – $3,595 | 9 |
| 1BR | $5,249 | +$749 (+16.6%) | +$344 (+7.0%) | $5,000 – $5,499 | 2 |
| 2BR | $7,290 | +$418 (+6.1%) | +$755 (+11.6%) | $7,290 – $7,290 | 1 |
| 3BR | $8,795 | +$3,800 (+76.1%) | −$1,180 (-11.8%) | $8,795 – $8,795 | 1 |
| 4BR | $13,000 | +$5,600 (+75.7%) | +$8,150 (+168.0%) | $13,000 – $13,000 | 2 |
Median, P25, and P75 are asking rents from listings posted in August 2024. Changes compare against the nearest prior month with data.
Financial District vs. New York City — August 2024
| Bedrooms | Financial District Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $3,346 | $2,500 | +$846 (+33.8%) |
| 1BR | $5,249 | $2,390 | +$2,859 (+119.6%) |
| 2BR | $7,290 | $2,900 | +$4,390 (+151.4%) |
| 3BR | $8,795 | $3,603 | +$5,192 (+144.1%) |
| 4BR | $13,000 | $4,225 | +$8,775 (+207.7%) |
Citywide figure is the median of zip-level medians across 176 New York City zip codes with listings in August 2024.