Monthly Rent Report
Lower East Side Rent Report — October 2023
Asking rents in ZIP 10002, New York City, from 237 listings.
Median 1BR rent in Lower East Side was $3,500 in October 2023, up 18.8% (+$555) from September 2023 and down 29.3% year-over-year. The middle half of 1BR listings asked between $2,798 and $4,995. That puts Lower East Side $1,050 above the New York City citywide 1BR median of $2,450. The month's figures are based on 237 listings across 16 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. September 2023 | Vs. October 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,600 | +$400 (+18.2%) | +$151 (+6.2%) | $2,348 – $4,063 | 7 |
| Studio | $3,695 | +$1,495 (+68.0%) | +$1,246 (+50.9%) | $3,118 – $4,150 | 12 |
| Studio | $4,185 | +$1,985 (+90.2%) | +$1,736 (+70.9%) | $4,185 – $4,185 | 1 |
| 1BR | $3,500 | +$555 (+18.8%) | −$1,450 (-29.3%) | $2,798 – $4,995 | 43 |
| 1BR | $3,250 | +$305 (+10.4%) | −$1,700 (-34.3%) | $2,375 – $4,125 | 2 |
| 1BR | $3,195 | +$250 (+8.5%) | −$1,755 (-35.5%) | $2,795 – $3,400 | 32 |
| 2BR | $4,209 | +$9 (+0.2%) | −$291 (-6.5%) | $3,400 – $6,588 | 54 |
| 2BR | $3,699 | −$501 (-11.9%) | −$801 (-17.8%) | $3,299 – $3,699 | 3 |
| 2BR | $3,950 | −$250 (-6.0%) | −$550 (-12.2%) | $3,463 – $4,900 | 30 |
| 3BR | $5,175 | +$125 (+2.5%) | −$1,320 (-20.3%) | $4,923 – $6,222 | 23 |
| 3BR | $5,000 | −$50 (-1.0%) | −$1,495 (-23.0%) | $4,750 – $5,495 | 17 |
| 3BR | $3,099 | −$1,951 (-38.6%) | −$3,396 (-52.3%) | $3,049 – $3,699 | 3 |
| 4BR | $8,598 | −$122 (-1.4%) | −$902 (-9.5%) | $8,296 – $8,899 | 2 |
| 4BR | $6,800 | −$1,920 (-22.0%) | −$2,700 (-28.4%) | $6,800 – $6,800 | 1 |
| 4BR | $7,995 | −$725 (-8.3%) | −$1,505 (-15.8%) | $7,445 – $8,145 | 3 |
Median, P25, and P75 are asking rents from listings posted in October 2023. Changes compare against the nearest prior month with data.
Lower East Side vs. New York City — October 2023
| Bedrooms | Lower East Side Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,600 | $2,411 | +$190 (+7.9%) |
| Studio | $3,695 | $2,411 | +$1,285 (+53.3%) |
| Studio | $4,185 | $2,411 | +$1,775 (+73.6%) |
| 1BR | $3,500 | $2,450 | +$1,050 (+42.9%) |
| 1BR | $3,250 | $2,450 | +$800 (+32.7%) |
| 1BR | $3,195 | $2,450 | +$745 (+30.4%) |
| 2BR | $4,209 | $2,900 | +$1,309 (+45.1%) |
| 2BR | $3,699 | $2,900 | +$799 (+27.6%) |
| 2BR | $3,950 | $2,900 | +$1,050 (+36.2%) |
| 3BR | $5,175 | $3,349 | +$1,826 (+54.5%) |
| 3BR | $5,000 | $3,349 | +$1,651 (+49.3%) |
| 3BR | $3,099 | $3,349 | −$250 (-7.5%) |
| 4BR | $8,598 | $4,200 | +$4,398 (+104.7%) |
| 4BR | $6,800 | $4,200 | +$2,600 (+61.9%) |
| 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 October 2023.