Monthly Rent Report
Financial District Rent Report — May 2025
Asking rents in ZIP 10038, New York City, from 136 listings.
Median 1BR rent in Financial District was $6,397 in May 2025, down 6.0% (−$410) from April 2025 and up 39.1% year-over-year. The middle half of 1BR listings asked between $5,965 and $6,922. That puts Financial District $3,556 above the New York City citywide 1BR median of $2,841. The month's figures are based on 136 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. April 2025 | Vs. May 2024 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $4,013 | −$525 (-11.6%) | +$263 (+7.0%) | $3,571 – $4,404 | 43 |
| Studio | $4,705 | +$167 (+3.7%) | +$955 (+25.5%) | $4,422 – $4,989 | 2 |
| 1BR | $6,397 | −$410 (-6.0%) | +$1,797 (+39.1%) | $5,965 – $6,922 | 5 |
| 1BR | $5,055 | −$1,752 (-25.7%) | +$455 (+9.9%) | $4,550 – $5,780 | 49 |
| 2BR | $9,218 | +$4,418 (+92.0%) | +$2,318 (+33.6%) | $9,190 – $9,245 | 2 |
| 2BR | $7,045 | +$2,245 (+46.8%) | +$145 (+2.1%) | $6,319 – $9,066 | 26 |
| 3BR | $6,958 | −$1,253 (-15.3%) | −$1,742 (-20.0%) | $6,389 – $7,526 | 2 |
| 3BR | $6,975 | −$1,236 (-15.1%) | −$1,725 (-19.8%) | $6,640 – $8,000 | 5 |
| 4BR | $8,095 | −$100 (-1.2%) | +$595 (+7.9%) | $8,095 – $8,095 | 1 |
| 4BR | $6,795 | −$1,400 (-17.1%) | −$705 (-9.4%) | $6,795 – $6,795 | 1 |
Median, P25, and P75 are asking rents from listings posted in May 2025. Changes compare against the nearest prior month with data.
Financial District vs. New York City — May 2025
| Bedrooms | Financial District Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $4,013 | $2,799 | +$1,214 (+43.4%) |
| Studio | $4,705 | $2,799 | +$1,906 (+68.1%) |
| 1BR | $6,397 | $2,841 | +$3,556 (+125.2%) |
| 1BR | $5,055 | $2,841 | +$2,214 (+77.9%) |
| 2BR | $9,218 | $3,263 | +$5,955 (+182.5%) |
| 2BR | $7,045 | $3,263 | +$3,783 (+115.9%) |
| 3BR | $6,958 | $3,777 | +$3,181 (+84.2%) |
| 3BR | $6,975 | $3,777 | +$3,198 (+84.7%) |
| 4BR | $8,095 | $4,345 | +$3,750 (+86.3%) |
| 4BR | $6,795 | $4,345 | +$2,450 (+56.4%) |
Citywide figure is the median of zip-level medians across 175 New York City zip codes with listings in May 2025.