Monthly Rent Report
Lower East Side Rent Report — March 2024
Asking rents in ZIP 10002, New York City, from 335 listings.
Median 1BR rent in Lower East Side was $3,879 in March 2024, up 24.2% (+$756) from February 2024 and up 7.8% year-over-year. The middle half of 1BR listings asked between $3,195 and $5,063. That puts Lower East Side $1,380 above the New York City citywide 1BR median of $2,499. The month's figures are based on 335 listings across 18 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. February 2024 | Vs. March 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $4,494 | −$271 (-5.7%) | +$1,995 (+79.8%) | $4,395 – $4,507 | 3 |
| Studio | $2,500 | −$2,265 (-47.5%) | +$1 (+0.0%) | $2,395 – $3,500 | 17 |
| Studio | $3,833 | −$932 (-19.6%) | +$1,334 (+53.4%) | $2,670 – $4,420 | 24 |
| 1BR | $3,879 | +$756 (+24.2%) | +$281 (+7.8%) | $3,195 – $5,063 | 56 |
| 1BR | $3,860 | +$738 (+23.6%) | +$263 (+7.3%) | $3,250 – $4,690 | 37 |
| 1BR | $7,495 | +$4,373 (+140.0%) | +$3,898 (+108.3%) | $7,495 – $7,495 | 1 |
| 2BR | $3,450 | −$4,759 (-58.0%) | −$497 (-12.6%) | $3,450 – $3,450 | 2 |
| 2BR | $4,895 | −$3,314 (-40.4%) | +$948 (+24.0%) | $3,963 – $7,238 | 74 |
| 2BR | $4,250 | −$3,959 (-48.2%) | +$303 (+7.7%) | $3,695 – $5,900 | 53 |
| 3BR | $5,795 | +$800 (+16.0%) | +$845 (+17.1%) | $4,995 – $6,150 | 27 |
| 3BR | $4,799 | −$196 (-3.9%) | −$151 (-3.1%) | $4,799 – $4,799 | 1 |
| 3BR | $5,950 | +$955 (+19.1%) | +$1,000 (+20.2%) | $5,695 – $6,275 | 20 |
| 4BR | $7,225 | −$125 (-1.7%) | −$270 (-3.6%) | $6,988 – $7,636 | 4 |
| 4BR | $5,195 | −$2,155 (-29.3%) | −$2,300 (-30.7%) | $5,195 – $5,195 | 2 |
| 4BR | $8,800 | +$1,450 (+19.7%) | +$1,305 (+17.4%) | $7,425 – $8,900 | 7 |
Median, P25, and P75 are asking rents from listings posted in March 2024. Changes compare against the nearest prior month with data.
Lower East Side vs. New York City — March 2024
| Bedrooms | Lower East Side Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $4,494 | $2,450 | +$2,044 (+83.4%) |
| Studio | $2,500 | $2,450 | +$50 (+2.0%) |
| Studio | $3,833 | $2,450 | +$1,383 (+56.4%) |
| 1BR | $3,879 | $2,499 | +$1,380 (+55.2%) |
| 1BR | $3,860 | $2,499 | +$1,361 (+54.5%) |
| 1BR | $7,495 | $2,499 | +$4,996 (+199.9%) |
| 2BR | $3,450 | $2,995 | +$456 (+15.2%) |
| 2BR | $4,895 | $2,995 | +$1,901 (+63.5%) |
| 2BR | $4,250 | $2,995 | +$1,256 (+41.9%) |
| 3BR | $5,795 | $3,500 | +$2,295 (+65.6%) |
| 3BR | $4,799 | $3,500 | +$1,299 (+37.1%) |
| 3BR | $5,950 | $3,500 | +$2,450 (+70.0%) |
| 4BR | $7,225 | $4,250 | +$2,976 (+70.0%) |
| 4BR | $5,195 | $4,250 | +$946 (+22.2%) |
| 4BR | $8,800 | $4,250 | +$4,551 (+107.1%) |
Citywide figure is the median of zip-level medians across 175 New York City zip codes with listings in March 2024.