Monthly Rent Report
Lower East Side Rent Report — February 2023
Asking rents in ZIP 10002, New York City, from 267 listings.
Median 1BR rent in Lower East Side was $4,340 in February 2023, down 7.7% (−$360) from January 2023. The middle half of 1BR listings asked between $2,995 and $5,500. That puts Lower East Side $2,141 above the New York City citywide 1BR median of $2,200. The month's figures are based on 267 listings across 17 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. January 2023 | Vs. Year Ago | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,350 | −$1,150 (-32.9%) | — | $2,300 – $3,100 | 13 |
| Studio | $4,003 | +$503 (+14.4%) | — | $2,738 – $4,210 | 8 |
| Studio | $3,550 | +$50 (+1.4%) | — | $3,550 – $3,550 | 1 |
| 1BR | $4,340 | −$360 (-7.7%) | — | $2,995 – $5,500 | 37 |
| 1BR | $3,195 | −$1,505 (-32.0%) | — | $2,850 – $3,650 | 55 |
| 1BR | $4,845 | +$145 (+3.1%) | — | $4,770 – $4,920 | 2 |
| 2BR | $4,448 | −$52 (-1.2%) | — | $3,423 – $7,456 | 34 |
| 2BR | $3,898 | −$602 (-13.4%) | — | $3,136 – $4,495 | 56 |
| 2BR | $7,975 | +$3,475 (+77.2%) | — | $7,975 – $7,975 | 1 |
| 3BR | $5,000 | −$295 (-5.6%) | — | $4,686 – $5,295 | 38 |
| 3BR | $8,249 | +$2,954 (+55.8%) | — | $8,249 – $8,249 | 1 |
| 3BR | $4,495 | −$800 (-15.1%) | — | $4,100 – $5,695 | 9 |
| 4BR | $6,500 | +$503 (+8.4%) | — | $6,000 – $8,498 | 3 |
| 4BR | $5,000 | −$997 (-16.6%) | — | $5,000 – $5,000 | 1 |
| 4BR | $6,000 | +$3 (+0.0%) | — | $5,375 – $7,499 | 4 |
Median, P25, and P75 are asking rents from listings posted in February 2023. Changes compare against the nearest prior month with data.
Lower East Side vs. New York City — February 2023
| Bedrooms | Lower East Side Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,350 | $2,260 | +$90 (+4.0%) |
| Studio | $4,003 | $2,260 | +$1,743 (+77.1%) |
| Studio | $3,550 | $2,260 | +$1,290 (+57.1%) |
| 1BR | $4,340 | $2,200 | +$2,141 (+97.3%) |
| 1BR | $3,195 | $2,200 | +$996 (+45.3%) |
| 1BR | $4,845 | $2,200 | +$2,646 (+120.3%) |
| 2BR | $4,448 | $2,695 | +$1,753 (+65.0%) |
| 2BR | $3,898 | $2,695 | +$1,203 (+44.6%) |
| 2BR | $7,975 | $2,695 | +$5,280 (+195.9%) |
| 3BR | $5,000 | $3,200 | +$1,800 (+56.3%) |
| 3BR | $8,249 | $3,200 | +$5,049 (+157.8%) |
| 3BR | $4,495 | $3,200 | +$1,295 (+40.5%) |
| 4BR | $6,500 | $3,800 | +$2,700 (+71.1%) |
| 4BR | $5,000 | $3,800 | +$1,200 (+31.6%) |
| 4BR | $6,000 | $3,800 | +$2,200 (+57.9%) |
Citywide figure is the median of zip-level medians across 175 New York City zip codes with listings in February 2023.