Monthly Rent Report
Lower East Side Rent Report — July 2023
Asking rents in ZIP 10002, New York City, from 233 listings.
Median 1BR rent in Lower East Side was $3,850 in July 2023, down 10.4% (−$445) from June 2023. The middle half of 1BR listings asked between $3,195 and $4,895. That puts Lower East Side $1,400 above the New York City citywide 1BR median of $2,450. The month's figures are based on 233 listings across 18 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. June 2023 | Vs. Year Ago | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $3,775 | +$505 (+15.4%) | — | $2,843 – $4,245 | 18 |
| Studio | $2,650 | −$620 (-19.0%) | — | $2,498 – $2,873 | 7 |
| Studio | $4,155 | +$885 (+27.1%) | — | $3,551 – $4,301 | 6 |
| 1BR | $3,850 | −$445 (-10.4%) | — | $3,195 – $4,895 | 51 |
| 1BR | $2,985 | −$1,310 (-30.5%) | — | $2,793 – $3,524 | 40 |
| 1BR | $3,899 | −$396 (-9.2%) | — | $3,899 – $3,899 | 5 |
| 2BR | $4,795 | +$748 (+18.5%) | — | $4,795 – $4,795 | 1 |
| 2BR | $4,099 | +$52 (+1.3%) | — | $4,099 – $4,249 | 6 |
| 2BR | $4,495 | +$448 (+11.1%) | — | $3,998 – $5,750 | 47 |
| 3BR | $5,970 | +$71 (+1.2%) | — | $5,321 – $7,462 | 22 |
| 3BR | $5,325 | −$574 (-9.7%) | — | $4,813 – $5,961 | 16 |
| 3BR | $5,700 | −$199 (-3.4%) | — | $5,700 – $5,700 | 2 |
| 4BR | $18,500 | +$10,005 (+117.8%) | — | $18,500 – $18,500 | 1 |
| 4BR | $10,999 | +$2,504 (+29.5%) | — | $10,999 – $10,999 | 1 |
| 4BR | $7,995 | −$500 (-5.9%) | — | $7,375 – $8,550 | 7 |
Median, P25, and P75 are asking rents from listings posted in July 2023. Changes compare against the nearest prior month with data.
Lower East Side vs. New York City — July 2023
| Bedrooms | Lower East Side Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $3,775 | $2,498 | +$1,278 (+51.2%) |
| Studio | $2,650 | $2,498 | +$153 (+6.1%) |
| Studio | $4,155 | $2,498 | +$1,658 (+66.4%) |
| 1BR | $3,850 | $2,450 | +$1,400 (+57.1%) |
| 1BR | $2,985 | $2,450 | +$535 (+21.8%) |
| 1BR | $3,899 | $2,450 | +$1,449 (+59.1%) |
| 2BR | $4,795 | $2,800 | +$1,995 (+71.3%) |
| 2BR | $4,099 | $2,800 | +$1,299 (+46.4%) |
| 2BR | $4,495 | $2,800 | +$1,695 (+60.5%) |
| 3BR | $5,970 | $3,400 | +$2,570 (+75.6%) |
| 3BR | $5,325 | $3,400 | +$1,925 (+56.6%) |
| 3BR | $5,700 | $3,400 | +$2,300 (+67.7%) |
| 4BR | $18,500 | $4,200 | +$14,300 (+340.5%) |
| 4BR | $10,999 | $4,200 | +$6,799 (+161.9%) |
| 4BR | $7,995 | $4,200 | +$3,795 (+90.4%) |
Citywide figure is the median of zip-level medians across 174 New York City zip codes with listings in July 2023.