Monthly Rent Report
Financial District Rent Report — November 2024
Asking rents in ZIP 10038, New York City, from 128 listings.
Median 1BR rent in Financial District was $7,110 in November 2024, up 25.8% (+$1,460) from October 2024 and up 36.3% year-over-year. The middle half of 1BR listings asked between $5,350 and $7,495. That puts Financial District $4,660 above the New York City citywide 1BR median of $2,450. The month's figures are based on 128 listings across 13 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. October 2024 | Vs. November 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $4,325 | +$932 (+27.5%) | +$1,025 (+31.1%) | $4,325 – $4,325 | 1 |
| Studio | $3,438 | +$45 (+1.3%) | +$138 (+4.2%) | $3,438 – $3,438 | 2 |
| Studio | $4,655 | +$1,262 (+37.2%) | +$1,355 (+41.1%) | $4,575 – $4,735 | 40 |
| 1BR | $7,110 | +$1,460 (+25.8%) | +$1,895 (+36.3%) | $5,350 – $7,495 | 47 |
| 1BR | $4,574 | −$1,076 (-19.0%) | −$641 (-12.3%) | $4,417 – $4,662 | 5 |
| 1BR | $4,515 | −$1,135 (-20.1%) | −$700 (-13.4%) | $4,366 – $4,572 | 8 |
| 2BR | $6,277 | −$573 (-8.4%) | +$677 (+12.1%) | $6,185 – $6,370 | 2 |
| 2BR | $7,255 | +$405 (+5.9%) | +$1,655 (+29.5%) | $6,308 – $7,950 | 16 |
| 2BR | $7,450 | +$600 (+8.8%) | +$1,850 (+33.0%) | $7,450 – $7,450 | 2 |
| 3BR | $7,827 | −$3,073 (-28.2%) | −$73 (-0.9%) | $7,805 – $7,849 | 2 |
| 3BR | $6,000 | −$4,900 (-45.0%) | −$1,900 (-24.1%) | $6,000 – $6,000 | 1 |
| 4BR | $8,195 | −$1,755 (-17.6%) | −$100 (-1.2%) | $8,195 – $8,195 | 1 |
Median, P25, and P75 are asking rents from listings posted in November 2024. Changes compare against the nearest prior month with data.
Financial District vs. New York City — November 2024
| Bedrooms | Financial District Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $4,325 | $2,383 | +$1,942 (+81.5%) |
| Studio | $3,438 | $2,383 | +$1,055 (+44.3%) |
| Studio | $4,655 | $2,383 | +$2,272 (+95.3%) |
| 1BR | $7,110 | $2,450 | +$4,660 (+190.2%) |
| 1BR | $4,574 | $2,450 | +$2,124 (+86.7%) |
| 1BR | $4,515 | $2,450 | +$2,065 (+84.3%) |
| 2BR | $6,277 | $2,950 | +$3,327 (+112.8%) |
| 2BR | $7,255 | $2,950 | +$4,305 (+145.9%) |
| 2BR | $7,450 | $2,950 | +$4,500 (+152.5%) |
| 3BR | $7,827 | $3,600 | +$4,227 (+117.4%) |
| 3BR | $6,000 | $3,600 | +$2,400 (+66.7%) |
| 4BR | $8,195 | $4,375 | +$3,820 (+87.3%) |
Citywide figure is the median of zip-level medians across 175 New York City zip codes with listings in November 2024.