Monthly Rent Report
Financial District Rent Report — February 2025
Asking rents in ZIP 10038, New York City, from 272 listings.
Median 1BR rent in Financial District was $4,950 in February 2025, down 10.8% (−$597) from January 2025 and up 8.7% year-over-year. The middle half of 1BR listings asked between $4,521 and $6,085. That puts Financial District $2,473 above the New York City citywide 1BR median of $2,478. The month's figures are based on 272 listings across 15 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. January 2025 | Vs. February 2024 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $4,133 | −$40 (-1.0%) | +$493 (+13.5%) | $4,064 – $4,201 | 2 |
| Studio | $4,188 | +$15 (+0.3%) | +$548 (+15.0%) | $3,540 – $4,521 | 56 |
| Studio | $3,800 | −$373 (-8.9%) | +$160 (+4.4%) | $3,800 – $3,800 | 1 |
| 1BR | $4,950 | −$597 (-10.8%) | +$395 (+8.7%) | $4,521 – $6,085 | 83 |
| 1BR | $6,198 | +$650 (+11.7%) | +$1,643 (+36.1%) | $5,695 – $6,732 | 4 |
| 1BR | $4,325 | −$1,222 (-22.0%) | −$230 (-5.0%) | $4,213 – $4,438 | 2 |
| 2BR | $9,950 | −$1,328 (-11.8%) | +$4,122 (+70.7%) | $9,448 – $10,453 | 2 |
| 2BR | $4,647 | −$6,631 (-58.8%) | −$1,182 (-20.3%) | $3,692 – $6,639 | 72 |
| 2BR | $4,700 | −$6,578 (-58.3%) | −$1,128 (-19.4%) | $4,700 – $4,700 | 2 |
| 3BR | $5,980 | −$9,376 (-61.1%) | −$970 (-14.0%) | $4,935 – $6,479 | 27 |
| 3BR | $5,980 | −$9,376 (-61.1%) | −$970 (-14.0%) | $4,875 – $6,000 | 13 |
| 4BR | $6,600 | −$147 (-2.2%) | −$1,800 (-21.4%) | $6,300 – $6,900 | 2 |
| 4BR | $6,600 | −$147 (-2.2%) | −$1,800 (-21.4%) | $6,300 – $6,900 | 2 |
Median, P25, and P75 are asking rents from listings posted in February 2025. Changes compare against the nearest prior month with data.
Financial District vs. New York City — February 2025
| Bedrooms | Financial District Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $4,133 | $2,566 | +$1,567 (+61.1%) |
| Studio | $4,188 | $2,566 | +$1,622 (+63.2%) |
| Studio | $3,800 | $2,566 | +$1,235 (+48.1%) |
| 1BR | $4,950 | $2,478 | +$2,473 (+99.8%) |
| 1BR | $6,198 | $2,478 | +$3,720 (+150.2%) |
| 1BR | $4,325 | $2,478 | +$1,848 (+74.6%) |
| 2BR | $9,950 | $3,000 | +$6,950 (+231.7%) |
| 2BR | $4,647 | $3,000 | +$1,647 (+54.9%) |
| 2BR | $4,700 | $3,000 | +$1,700 (+56.7%) |
| 3BR | $5,980 | $3,600 | +$2,380 (+66.1%) |
| 3BR | $5,980 | $3,600 | +$2,380 (+66.1%) |
| 4BR | $6,600 | $4,200 | +$2,400 (+57.1%) |
| 4BR | $6,600 | $4,200 | +$2,400 (+57.1%) |
Citywide figure is the median of zip-level medians across 173 New York City zip codes with listings in February 2025.