Monthly Rent Report
Lower East Side Rent Report — January 2024
Asking rents in ZIP 10002, New York City, from 298 listings.
Median 1BR rent in Lower East Side was $3,220 in January 2024, down 24.1% (−$1,020) from December 2023 and down 31.5% year-over-year. The middle half of 1BR listings asked between $2,775 and $4,500. That puts Lower East Side $870 above the New York City citywide 1BR median of $2,350. The month's figures are based on 298 listings across 18 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. December 2023 | Vs. January 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,395 | −$100 (-4.0%) | −$1,355 (-36.1%) | $2,300 – $3,200 | 17 |
| Studio | $3,795 | +$1,300 (+52.1%) | +$45 (+1.2%) | $3,575 – $4,295 | 11 |
| Studio | $4,340 | +$1,845 (+73.9%) | +$590 (+15.7%) | $4,128 – $4,553 | 2 |
| 1BR | $3,220 | −$1,020 (-24.1%) | −$1,480 (-31.5%) | $2,775 – $4,500 | 21 |
| 1BR | $3,200 | −$1,040 (-24.5%) | −$1,500 (-31.9%) | $2,995 – $4,044 | 78 |
| 1BR | $5,375 | +$1,135 (+26.8%) | +$675 (+14.4%) | $4,337 – $6,650 | 3 |
| 2BR | $3,995 | +$295 (+8.0%) | −$505 (-11.2%) | $3,350 – $5,399 | 37 |
| 2BR | $6,611 | +$2,911 (+78.7%) | +$2,111 (+46.9%) | $6,139 – $7,084 | 2 |
| 2BR | $4,200 | +$500 (+13.5%) | −$300 (-6.7%) | $3,200 – $5,398 | 63 |
| 3BR | $4,905 | −$590 (-10.7%) | −$270 (-5.2%) | $4,905 – $4,905 | 1 |
| 3BR | $5,295 | −$200 (-3.6%) | +$120 (+2.3%) | $4,800 – $5,600 | 33 |
| 3BR | $5,625 | +$130 (+2.4%) | +$450 (+8.7%) | $4,650 – $6,475 | 14 |
| 4BR | $8,200 | +$2,492 (+43.7%) | +$2,205 (+36.8%) | $8,200 – $8,200 | 4 |
| 4BR | $8,200 | +$2,492 (+43.7%) | +$2,205 (+36.8%) | $8,200 – $8,200 | 5 |
| 4BR | $7,100 | +$1,392 (+24.4%) | +$1,105 (+18.4%) | $7,100 – $7,100 | 1 |
Median, P25, and P75 are asking rents from listings posted in January 2024. Changes compare against the nearest prior month with data.
Lower East Side vs. New York City — January 2024
| Bedrooms | Lower East Side Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,395 | $2,338 | +$58 (+2.5%) |
| Studio | $3,795 | $2,338 | +$1,458 (+62.4%) |
| Studio | $4,340 | $2,338 | +$2,003 (+85.7%) |
| 1BR | $3,220 | $2,350 | +$870 (+37.0%) |
| 1BR | $3,200 | $2,350 | +$850 (+36.2%) |
| 1BR | $5,375 | $2,350 | +$3,025 (+128.7%) |
| 2BR | $3,995 | $2,885 | +$1,110 (+38.5%) |
| 2BR | $6,611 | $2,885 | +$3,726 (+129.2%) |
| 2BR | $4,200 | $2,885 | +$1,315 (+45.6%) |
| 3BR | $4,905 | $3,443 | +$1,462 (+42.5%) |
| 3BR | $5,295 | $3,443 | +$1,852 (+53.8%) |
| 3BR | $5,625 | $3,443 | +$2,182 (+63.4%) |
| 4BR | $8,200 | $4,000 | +$4,200 (+105.0%) |
| 4BR | $8,200 | $4,000 | +$4,200 (+105.0%) |
| 4BR | $7,100 | $4,000 | +$3,100 (+77.5%) |
Citywide figure is the median of zip-level medians across 174 New York City zip codes with listings in January 2024.