Monthly Rent Report
Financial District Rent Report — October 2024
Asking rents in ZIP 10038, New York City, from 23 listings.
Median 1BR rent in Financial District was $5,650 in October 2024, up 19.0% (+$901) from September 2024 and up 34.5% year-over-year. The middle half of 1BR listings asked between $5,650 and $5,650. That puts Financial District $3,344 above the New York City citywide 1BR median of $2,306. The month's figures are based on 23 listings across 7 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. September 2024 | Vs. October 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $3,393 | −$1,163 (-25.5%) | −$207 (-5.8%) | $3,117 – $3,887 | 8 |
| 1BR | $5,650 | +$901 (+19.0%) | +$1,450 (+34.5%) | $5,650 – $5,650 | 1 |
| 1BR | $5,614 | +$865 (+18.2%) | +$1,414 (+33.7%) | $5,352 – $5,650 | 10 |
| 2BR | $6,850 | −$2,075 (-23.2%) | +$1,121 (+19.6%) | $6,850 – $6,850 | 1 |
| 2BR | $6,850 | −$2,075 (-23.2%) | +$1,121 (+19.6%) | $6,850 – $6,850 | 1 |
| 3BR | $10,900 | +$2,783 (+34.3%) | +$400 (+3.8%) | $10,900 – $10,900 | 1 |
| 4BR | $9,950 | +$3,375 (+51.3%) | +$5,450 (+121.1%) | $9,950 – $9,950 | 1 |
Median, P25, and P75 are asking rents from listings posted in October 2024. Changes compare against the nearest prior month with data.
Financial District vs. New York City — October 2024
| Bedrooms | Financial District Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $3,393 | $2,550 | +$843 (+33.1%) |
| 1BR | $5,650 | $2,306 | +$3,344 (+145.0%) |
| 1BR | $5,614 | $2,306 | +$3,307 (+143.4%) |
| 2BR | $6,850 | $2,914 | +$3,937 (+135.1%) |
| 2BR | $6,850 | $2,914 | +$3,937 (+135.1%) |
| 3BR | $10,900 | $3,519 | +$7,381 (+209.7%) |
| 4BR | $9,950 | $4,100 | +$5,850 (+142.7%) |
Citywide figure is the median of zip-level medians across 176 New York City zip codes with listings in October 2024.