Monthly Rent Report
Lower East Side Rent Report — May 2023
Asking rents in ZIP 10002, New York City, from 620 listings.
Median 1BR rent in Lower East Side was $4,158 in May 2023, down 13.4% (−$642) from April 2023. The middle half of 1BR listings asked between $3,194 and $5,453. That puts Lower East Side $1,680 above the New York City citywide 1BR median of $2,477. The month's figures are based on 620 listings across 17 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. April 2023 | Vs. Year Ago | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $3,695 | +$1,446 (+64.3%) | — | $2,795 – $4,200 | 57 |
| Studio | $2,550 | +$301 (+13.4%) | — | $2,463 – $3,346 | 6 |
| Studio | $3,523 | +$1,274 (+56.6%) | — | $3,486 – $3,559 | 2 |
| 1BR | $4,158 | −$642 (-13.4%) | — | $3,194 – $5,453 | 178 |
| 1BR | $3,400 | −$1,400 (-29.2%) | — | $2,995 – $3,995 | 17 |
| 1BR | $3,799 | −$1,001 (-20.9%) | — | $3,499 – $3,899 | 13 |
| 2BR | $4,050 | +$151 (+3.9%) | — | $3,323 – $5,125 | 11 |
| 2BR | $4,295 | +$396 (+10.2%) | — | $3,800 – $5,943 | 203 |
| 2BR | $5,000 | +$1,101 (+28.2%) | — | $5,000 – $5,000 | 1 |
| 3BR | $5,999 | +$804 (+15.5%) | — | $5,999 – $6,562 | 4 |
| 3BR | $5,650 | +$455 (+8.8%) | — | $5,000 – $6,295 | 77 |
| 3BR | $5,000 | −$195 (-3.8%) | — | $4,873 – $5,398 | 7 |
| 4BR | $8,373 | +$498 (+6.3%) | — | $8,184 – $8,561 | 2 |
| 4BR | $7,875 | $0 (0.0%) | — | $7,495 – $8,295 | 9 |
| 4BR | $7,995 | +$120 (+1.5%) | — | $7,495 – $8,495 | 25 |
Median, P25, and P75 are asking rents from listings posted in May 2023. Changes compare against the nearest prior month with data.
Lower East Side vs. New York City — May 2023
| Bedrooms | Lower East Side Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $3,695 | $2,450 | +$1,245 (+50.8%) |
| Studio | $2,550 | $2,450 | +$100 (+4.1%) |
| Studio | $3,523 | $2,450 | +$1,073 (+43.8%) |
| 1BR | $4,158 | $2,477 | +$1,680 (+67.8%) |
| 1BR | $3,400 | $2,477 | +$923 (+37.2%) |
| 1BR | $3,799 | $2,477 | +$1,322 (+53.4%) |
| 2BR | $4,050 | $2,800 | +$1,250 (+44.6%) |
| 2BR | $4,295 | $2,800 | +$1,495 (+53.4%) |
| 2BR | $5,000 | $2,800 | +$2,200 (+78.6%) |
| 3BR | $5,999 | $3,225 | +$2,774 (+86.0%) |
| 3BR | $5,650 | $3,225 | +$2,425 (+75.2%) |
| 3BR | $5,000 | $3,225 | +$1,775 (+55.0%) |
| 4BR | $8,373 | $4,000 | +$4,373 (+109.3%) |
| 4BR | $7,875 | $4,000 | +$3,875 (+96.9%) |
| 4BR | $7,995 | $4,000 | +$3,995 (+99.9%) |
Citywide figure is the median of zip-level medians across 174 New York City zip codes with listings in May 2023.