Monthly Rent Report
Financial District Rent Report — December 2024
Asking rents in ZIP 10038, New York City, from 47 listings.
Median 1BR rent in Financial District was $5,948 in December 2024, down 16.4% (−$1,162) from November 2024 and up 30.0% year-over-year. The middle half of 1BR listings asked between $5,509 and $6,386. That puts Financial District $3,468 above the New York City citywide 1BR median of $2,480. The month's figures are based on 47 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. November 2024 | Vs. December 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $4,780 | +$1,342 (+39.0%) | +$420 (+9.6%) | $4,780 – $4,780 | 1 |
| Studio | $3,401 | −$37 (-1.1%) | −$959 (-22.0%) | $3,356 – $3,485 | 6 |
| 1BR | $5,948 | −$1,162 (-16.4%) | +$1,373 (+30.0%) | $5,509 – $6,386 | 2 |
| 1BR | $5,100 | −$2,010 (-28.3%) | +$525 (+11.5%) | $4,150 – $5,508 | 9 |
| 1BR | $4,350 | −$2,760 (-38.8%) | −$225 (-4.9%) | $4,350 – $4,350 | 1 |
| 2BR | $5,508 | −$1,746 (-24.1%) | +$1,858 (+50.9%) | $4,300 – $11,950 | 12 |
| 2BR | $8,873 | +$1,619 (+22.3%) | +$5,223 (+143.1%) | $8,162 – $8,912 | 3 |
| 3BR | $15,356 | +$9,356 (+155.9%) | +$7,145 (+87.0%) | $15,356 – $15,356 | 1 |
| 3BR | $7,827 | +$1,827 (+30.4%) | −$384 (-4.7%) | $6,000 – $7,871 | 6 |
| 4BR | $5,810 | −$2,385 (-29.1%) | −$2,640 (-31.2%) | $5,810 – $5,810 | 2 |
| 4BR | $5,810 | −$2,385 (-29.1%) | −$2,640 (-31.2%) | $5,810 – $5,810 | 1 |
Median, P25, and P75 are asking rents from listings posted in December 2024. Changes compare against the nearest prior month with data.
Financial District vs. New York City — December 2024
| Bedrooms | Financial District Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $4,780 | $2,525 | +$2,255 (+89.3%) |
| Studio | $3,401 | $2,525 | +$876 (+34.7%) |
| 1BR | $5,948 | $2,480 | +$3,468 (+139.9%) |
| 1BR | $5,100 | $2,480 | +$2,621 (+105.7%) |
| 1BR | $4,350 | $2,480 | +$1,871 (+75.4%) |
| 2BR | $5,508 | $2,975 | +$2,533 (+85.1%) |
| 2BR | $8,873 | $2,975 | +$5,898 (+198.3%) |
| 3BR | $15,356 | $3,546 | +$11,811 (+333.1%) |
| 3BR | $7,827 | $3,546 | +$4,282 (+120.8%) |
| 4BR | $5,810 | $4,150 | +$1,660 (+40.0%) |
| 4BR | $5,810 | $4,150 | +$1,660 (+40.0%) |
Citywide figure is the median of zip-level medians across 175 New York City zip codes with listings in December 2024.