Monthly Rent Report
Lower East Side Rent Report — August 2023
Asking rents in ZIP 10002, New York City, from 668 listings.
Median 1BR rent in Lower East Side was $3,995 in August 2023, up 33.8% (+$1,010) from July 2023. The middle half of 1BR listings asked between $2,995 and $5,500. That puts Lower East Side $1,645 above the New York City citywide 1BR median of $2,350. The month's figures are based on 668 listings across 17 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. July 2023 | Vs. Year Ago | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,895 | +$245 (+9.2%) | — | $2,645 – $3,145 | 2 |
| Studio | $4,000 | +$1,350 (+50.9%) | — | $3,100 – $4,535 | 63 |
| Studio | $3,400 | +$750 (+28.3%) | — | $3,150 – $3,713 | 3 |
| 1BR | $3,995 | +$1,010 (+33.8%) | — | $2,995 – $5,500 | 206 |
| 1BR | $2,799 | −$186 (-6.2%) | — | $2,799 – $2,799 | 1 |
| 1BR | $3,849 | +$864 (+28.9%) | — | $3,649 – $3,899 | 10 |
| 2BR | $8,400 | +$4,301 (+104.9%) | — | $8,400 – $8,400 | 3 |
| 2BR | $4,150 | +$51 (+1.2%) | — | $3,474 – $5,324 | 4 |
| 2BR | $4,498 | +$399 (+9.7%) | — | $3,895 – $5,719 | 242 |
| 3BR | $4,499 | −$1,471 (-24.6%) | — | $4,497 – $4,500 | 3 |
| 3BR | $5,900 | −$70 (-1.2%) | — | $5,495 – $6,700 | 93 |
| 3BR | $6,000 | +$30 (+0.5%) | — | $6,000 – $6,000 | 1 |
| 4BR | $8,495 | −$2,504 (-22.8%) | — | $7,795 – $8,995 | 21 |
| 4BR | $7,995 | −$3,004 (-27.3%) | — | $7,248 – $11,498 | 3 |
| 4BR | $7,800 | −$3,199 (-29.1%) | — | $7,363 – $8,075 | 3 |
Median, P25, and P75 are asking rents from listings posted in August 2023. Changes compare against the nearest prior month with data.
Lower East Side vs. New York City — August 2023
| Bedrooms | Lower East Side Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,895 | $2,490 | +$405 (+16.3%) |
| Studio | $4,000 | $2,490 | +$1,510 (+60.6%) |
| Studio | $3,400 | $2,490 | +$910 (+36.5%) |
| 1BR | $3,995 | $2,350 | +$1,645 (+70.0%) |
| 1BR | $2,799 | $2,350 | +$449 (+19.1%) |
| 1BR | $3,849 | $2,350 | +$1,499 (+63.8%) |
| 2BR | $8,400 | $2,859 | +$5,541 (+193.8%) |
| 2BR | $4,150 | $2,859 | +$1,291 (+45.1%) |
| 2BR | $4,498 | $2,859 | +$1,639 (+57.3%) |
| 3BR | $4,499 | $3,413 | +$1,087 (+31.8%) |
| 3BR | $5,900 | $3,413 | +$2,488 (+72.9%) |
| 3BR | $6,000 | $3,413 | +$2,588 (+75.8%) |
| 4BR | $8,495 | $4,200 | +$4,295 (+102.3%) |
| 4BR | $7,995 | $4,200 | +$3,795 (+90.4%) |
| 4BR | $7,800 | $4,200 | +$3,600 (+85.7%) |
Citywide figure is the median of zip-level medians across 175 New York City zip codes with listings in August 2023.