Monthly Rent Report
Financial District Rent Report — September 2024
Asking rents in ZIP 10038, New York City, from 22 listings.
Median 1BR rent in Financial District was $4,749 in September 2024, down 9.5% (−$500) from August 2024 and down 4.1% year-over-year. The middle half of 1BR listings asked between $4,477 and $4,888. That puts Financial District $2,356 above the New York City citywide 1BR median of $2,393. The month's figures are based on 22 listings across 5 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. August 2024 | Vs. September 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $4,556 | +$1,210 (+36.2%) | −$204 (-4.3%) | $4,556 – $4,556 | 1 |
| 1BR | $4,749 | −$500 (-9.5%) | −$201 (-4.1%) | $4,477 – $4,888 | 8 |
| 2BR | $8,925 | +$1,635 (+22.4%) | −$6,075 (-40.5%) | $8,925 – $8,925 | 1 |
| 3BR | $8,117 | −$678 (-7.7%) | −$4,383 (-35.1%) | $7,972 – $8,314 | 4 |
| 4BR | $6,575 | −$6,425 (-49.4%) | −$675 (-9.3%) | $6,000 – $7,250 | 8 |
Median, P25, and P75 are asking rents from listings posted in September 2024. Changes compare against the nearest prior month with data.
Financial District vs. New York City — September 2024
| Bedrooms | Financial District Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $4,556 | $2,369 | +$2,187 (+92.3%) |
| 1BR | $4,749 | $2,393 | +$2,356 (+98.5%) |
| 2BR | $8,925 | $2,900 | +$6,025 (+207.8%) |
| 3BR | $8,117 | $3,598 | +$4,520 (+125.6%) |
| 4BR | $6,575 | $4,295 | +$2,280 (+53.1%) |
Citywide figure is the median of zip-level medians across 176 New York City zip codes with listings in September 2024.