Monthly Rent Report
Lower East Side Rent Report — November 2023
Asking rents in ZIP 10002, New York City, from 555 listings.
Median 1BR rent in Lower East Side was $2,373 in November 2023, down 25.7% (−$822) from October 2023 and down 32.2% year-over-year. The middle half of 1BR listings asked between $2,284 and $2,461. That puts Lower East Side $28 below the New York City citywide 1BR median of $2,400. The month's figures are based on 555 listings across 18 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. October 2023 | Vs. November 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,695 | −$1,490 (-35.6%) | −$1,055 (-28.1%) | $2,400 – $3,352 | 21 |
| Studio | $3,595 | −$590 (-14.1%) | −$155 (-4.1%) | $3,595 – $3,595 | 1 |
| Studio | $3,623 | −$562 (-13.4%) | −$127 (-3.4%) | $2,686 – $4,150 | 68 |
| 1BR | $2,373 | −$822 (-25.7%) | −$1,127 (-32.2%) | $2,284 – $2,461 | 2 |
| 1BR | $3,399 | +$204 (+6.4%) | −$101 (-2.9%) | $3,047 – $3,449 | 3 |
| 1BR | $3,673 | +$478 (+14.9%) | +$173 (+4.9%) | $2,990 – $5,500 | 132 |
| 2BR | $4,000 | +$50 (+1.3%) | −$3,850 (-49.0%) | $3,446 – $7,345 | 192 |
| 2BR | $3,499 | −$451 (-11.4%) | −$4,351 (-55.4%) | $3,449 – $3,699 | 7 |
| 2BR | $5,100 | +$1,150 (+29.1%) | −$2,750 (-35.0%) | $4,650 – $5,100 | 6 |
| 3BR | $6,250 | +$3,151 (+101.7%) | +$5 (+0.1%) | $6,250 – $6,250 | 5 |
| 3BR | $4,299 | +$1,200 (+38.7%) | −$1,946 (-31.2%) | $4,198 – $5,274 | 4 |
| 3BR | $4,998 | +$1,899 (+61.3%) | −$1,247 (-20.0%) | $4,525 – $5,599 | 86 |
| 4BR | $6,650 | −$1,345 (-16.8%) | −$1,350 (-16.9%) | $6,650 – $6,650 | 3 |
| 4BR | $8,295 | +$300 (+3.8%) | +$295 (+3.7%) | $8,295 – $8,295 | 1 |
| 4BR | $7,535 | −$460 (-5.8%) | −$465 (-5.8%) | $6,939 – $7,901 | 18 |
Median, P25, and P75 are asking rents from listings posted in November 2023. Changes compare against the nearest prior month with data.
Lower East Side vs. New York City — November 2023
| Bedrooms | Lower East Side Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,695 | $2,395 | +$300 (+12.5%) |
| Studio | $3,595 | $2,395 | +$1,200 (+50.1%) |
| Studio | $3,623 | $2,395 | +$1,228 (+51.3%) |
| 1BR | $2,373 | $2,400 | −$27 (-1.1%) |
| 1BR | $3,399 | $2,400 | +$999 (+41.6%) |
| 1BR | $3,673 | $2,400 | +$1,273 (+53.0%) |
| 2BR | $4,000 | $2,798 | +$1,203 (+43.0%) |
| 2BR | $3,499 | $2,798 | +$702 (+25.1%) |
| 2BR | $5,100 | $2,798 | +$2,303 (+82.3%) |
| 3BR | $6,250 | $3,300 | +$2,950 (+89.4%) |
| 3BR | $4,299 | $3,300 | +$999 (+30.3%) |
| 3BR | $4,998 | $3,300 | +$1,698 (+51.4%) |
| 4BR | $6,650 | $4,199 | +$2,451 (+58.4%) |
| 4BR | $8,295 | $4,199 | +$4,096 (+97.6%) |
| 4BR | $7,535 | $4,199 | +$3,336 (+79.5%) |
Citywide figure is the median of zip-level medians across 175 New York City zip codes with listings in November 2023.