Monthly Rent Report
Lower East Side Rent Report — September 2023
Asking rents in ZIP 10002, New York City, from 64 listings.
Median 1BR rent in Lower East Side was $3,499 in September 2023, up 25.0% (+$700) from August 2023 and up 9.5% year-over-year. The middle half of 1BR listings asked between $3,399 and $3,499. That puts Lower East Side $999 above the New York City citywide 1BR median of $2,500. The month's figures are based on 64 listings across 14 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. August 2023 | Vs. September 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,200 | −$1,200 (-35.3%) | −$300 (-12.0%) | $2,200 – $2,200 | 1 |
| Studio | $3,983 | +$583 (+17.1%) | +$1,483 (+59.3%) | $3,938 – $4,432 | 5 |
| Studio | $3,178 | −$222 (-6.5%) | +$678 (+27.1%) | $3,178 – $3,178 | 1 |
| 1BR | $3,499 | +$700 (+25.0%) | +$304 (+9.5%) | $3,399 – $3,499 | 7 |
| 1BR | $4,900 | +$2,101 (+75.1%) | +$1,705 (+53.4%) | $2,895 – $5,900 | 11 |
| 1BR | $2,945 | +$146 (+5.2%) | −$250 (-7.8%) | $2,868 – $3,023 | 2 |
| 2BR | $3,349 | −$800 (-19.3%) | −$646 (-16.2%) | $3,324 – $3,374 | 2 |
| 2BR | $4,200 | +$51 (+1.2%) | +$205 (+5.1%) | $3,995 – $4,950 | 9 |
| 2BR | $3,295 | −$854 (-20.6%) | −$700 (-17.5%) | $3,195 – $4,000 | 15 |
| 3BR | $6,000 | +$1,501 (+33.4%) | +$305 (+5.4%) | $6,000 – $6,000 | 1 |
| 3BR | $5,050 | +$551 (+12.2%) | −$645 (-11.3%) | $4,968 – $5,298 | 7 |
| 4BR | $8,720 | +$225 (+2.6%) | −$30 (-0.3%) | $8,720 – $8,720 | 1 |
| 4BR | $7,995 | −$500 (-5.9%) | −$755 (-8.6%) | $7,995 – $7,995 | 1 |
Median, P25, and P75 are asking rents from listings posted in September 2023. Changes compare against the nearest prior month with data.
Lower East Side vs. New York City — September 2023
| Bedrooms | Lower East Side Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,200 | $2,400 | −$200 (-8.3%) |
| Studio | $3,983 | $2,400 | +$1,583 (+66.0%) |
| Studio | $3,178 | $2,400 | +$778 (+32.4%) |
| 1BR | $3,499 | $2,500 | +$999 (+40.0%) |
| 1BR | $4,900 | $2,500 | +$2,400 (+96.0%) |
| 1BR | $2,945 | $2,500 | +$445 (+17.8%) |
| 2BR | $3,349 | $3,000 | +$349 (+11.6%) |
| 2BR | $4,200 | $3,000 | +$1,200 (+40.0%) |
| 2BR | $3,295 | $3,000 | +$295 (+9.8%) |
| 3BR | $6,000 | $3,500 | +$2,500 (+71.4%) |
| 3BR | $5,050 | $3,500 | +$1,550 (+44.3%) |
| 4BR | $8,720 | $4,325 | +$4,395 (+101.6%) |
| 4BR | $7,995 | $4,325 | +$3,670 (+84.9%) |
Citywide figure is the median of zip-level medians across 175 New York City zip codes with listings in September 2023.