Monthly Rent Report
Lower East Side Rent Report — February 2024
Asking rents in ZIP 10002, New York City, from 566 listings.
Median 1BR rent in Lower East Side was $3,995 in February 2024, down 25.7% (−$1,380) from January 2024 and down 17.5% year-over-year. The middle half of 1BR listings asked between $3,123 and $5,100. That puts Lower East Side $1,545 above the New York City citywide 1BR median of $2,450. The month's figures are based on 566 listings across 17 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. January 2024 | Vs. February 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,498 | −$1,297 (-34.2%) | −$1,052 (-29.6%) | $2,313 – $2,695 | 22 |
| Studio | $3,475 | −$320 (-8.4%) | −$75 (-2.1%) | $2,395 – $4,250 | 41 |
| Studio | $4,765 | +$970 (+25.6%) | +$1,215 (+34.2%) | $4,765 – $4,765 | 1 |
| 1BR | $3,995 | −$1,380 (-25.7%) | −$850 (-17.5%) | $3,123 – $5,100 | 123 |
| 1BR | $7,037 | +$1,662 (+30.9%) | +$2,192 (+45.2%) | $6,592 – $7,481 | 2 |
| 1BR | $3,123 | −$2,252 (-41.9%) | −$1,722 (-35.6%) | $2,513 – $4,263 | 62 |
| 2BR | $4,375 | +$175 (+4.2%) | −$3,600 (-45.1%) | $3,620 – $5,499 | 78 |
| 2BR | $4,623 | +$423 (+10.1%) | −$3,352 (-42.0%) | $3,499 – $6,950 | 138 |
| 2BR | $8,210 | +$4,010 (+95.5%) | +$235 (+2.9%) | $8,102 – $8,317 | 2 |
| 3BR | $5,495 | −$130 (-2.3%) | +$1,000 (+22.2%) | $5,495 – $5,495 | 1 |
| 3BR | $5,495 | −$130 (-2.3%) | +$1,000 (+22.2%) | $4,800 – $7,100 | 63 |
| 3BR | $4,995 | −$630 (-11.2%) | +$500 (+11.1%) | $4,475 – $5,860 | 16 |
| 4BR | $7,350 | −$850 (-10.4%) | +$1,350 (+22.5%) | $6,875 – $8,200 | 11 |
| 4BR | $8,495 | +$295 (+3.6%) | +$2,495 (+41.6%) | $8,495 – $8,495 | 1 |
| 4BR | $7,350 | −$850 (-10.4%) | +$1,350 (+22.5%) | $7,350 – $7,350 | 3 |
Median, P25, and P75 are asking rents from listings posted in February 2024. Changes compare against the nearest prior month with data.
Lower East Side vs. New York City — February 2024
| Bedrooms | Lower East Side Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,498 | $2,359 | +$139 (+5.9%) |
| Studio | $3,475 | $2,359 | +$1,116 (+47.3%) |
| Studio | $4,765 | $2,359 | +$2,406 (+102.0%) |
| 1BR | $3,995 | $2,450 | +$1,545 (+63.1%) |
| 1BR | $7,037 | $2,450 | +$4,587 (+187.2%) |
| 1BR | $3,123 | $2,450 | +$673 (+27.4%) |
| 2BR | $4,375 | $2,979 | +$1,396 (+46.9%) |
| 2BR | $4,623 | $2,979 | +$1,644 (+55.2%) |
| 2BR | $8,210 | $2,979 | +$5,231 (+175.6%) |
| 3BR | $5,495 | $3,500 | +$1,995 (+57.0%) |
| 3BR | $5,495 | $3,500 | +$1,995 (+57.0%) |
| 3BR | $4,995 | $3,500 | +$1,495 (+42.7%) |
| 4BR | $7,350 | $4,148 | +$3,203 (+77.2%) |
| 4BR | $8,495 | $4,148 | +$4,348 (+104.8%) |
| 4BR | $7,350 | $4,148 | +$3,203 (+77.2%) |
Citywide figure is the median of zip-level medians across 174 New York City zip codes with listings in February 2024.