Monthly Rent Report
Lower East Side Rent Report — December 2023
Asking rents in ZIP 10002, New York City, from 570 listings.
Median 1BR rent in Lower East Side was $3,399 in December 2023, down 7.4% (−$273) from November 2023 and down 32.0% year-over-year. The middle half of 1BR listings asked between $3,349 and $3,399. That puts Lower East Side $999 above the New York City citywide 1BR median of $2,400. The month's figures are based on 570 listings across 17 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. November 2023 | Vs. December 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $4,125 | +$530 (+14.7%) | +$730 (+21.5%) | $4,125 – $4,125 | 1 |
| Studio | $3,375 | −$220 (-6.1%) | −$20 (-0.6%) | $2,500 – $4,185 | 70 |
| Studio | $2,495 | −$1,100 (-30.6%) | −$900 (-26.5%) | $2,373 – $2,723 | 3 |
| 1BR | $3,399 | −$273 (-7.4%) | −$1,598 (-32.0%) | $3,349 – $3,399 | 3 |
| 1BR | $2,891 | −$782 (-21.3%) | −$2,107 (-42.2%) | $2,281 – $3,600 | 4 |
| 1BR | $4,240 | +$568 (+15.5%) | −$757 (-15.2%) | $2,900 – $5,300 | 169 |
| 2BR | $2,800 | −$699 (-20.0%) | −$1,200 (-30.0%) | $2,800 – $2,898 | 3 |
| 2BR | $4,195 | +$696 (+19.9%) | +$195 (+4.9%) | $3,400 – $7,350 | 187 |
| 2BR | $3,700 | +$201 (+5.7%) | −$300 (-7.5%) | $3,400 – $3,895 | 11 |
| 3BR | $3,948 | −$351 (-8.2%) | −$1,347 (-25.4%) | $3,671 – $4,224 | 2 |
| 3BR | $5,300 | +$1,001 (+23.3%) | +$5 (+0.1%) | $4,545 – $6,700 | 92 |
| 3BR | $5,495 | +$1,196 (+27.8%) | +$200 (+3.8%) | $5,495 – $5,495 | 2 |
| 4BR | $6,700 | +$50 (+0.8%) | −$300 (-4.3%) | $6,650 – $7,500 | 17 |
| 4BR | $2,499 | −$4,151 (-62.4%) | −$4,501 (-64.3%) | $2,499 – $2,499 | 1 |
| 4BR | $5,708 | −$942 (-14.2%) | −$1,292 (-18.5%) | $5,708 – $5,708 | 2 |
Median, P25, and P75 are asking rents from listings posted in December 2023. Changes compare against the nearest prior month with data.
Lower East Side vs. New York City — December 2023
| Bedrooms | Lower East Side Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $4,125 | $2,362 | +$1,763 (+74.7%) |
| Studio | $3,375 | $2,362 | +$1,013 (+42.9%) |
| Studio | $2,495 | $2,362 | +$133 (+5.6%) |
| 1BR | $3,399 | $2,400 | +$999 (+41.6%) |
| 1BR | $2,891 | $2,400 | +$491 (+20.4%) |
| 1BR | $4,240 | $2,400 | +$1,840 (+76.7%) |
| 2BR | $2,800 | $2,900 | −$100 (-3.4%) |
| 2BR | $4,195 | $2,900 | +$1,295 (+44.7%) |
| 2BR | $3,700 | $2,900 | +$800 (+27.6%) |
| 3BR | $3,948 | $3,500 | +$448 (+12.8%) |
| 3BR | $5,300 | $3,500 | +$1,800 (+51.4%) |
| 3BR | $5,495 | $3,500 | +$1,995 (+57.0%) |
| 4BR | $6,700 | $4,070 | +$2,630 (+64.6%) |
| 4BR | $2,499 | $4,070 | −$1,571 (-38.6%) |
| 4BR | $5,708 | $4,070 | +$1,638 (+40.2%) |
Citywide figure is the median of zip-level medians across 174 New York City zip codes with listings in December 2023.