Monthly Rent Report
Lower East Side Rent Report — April 2024
Asking rents in ZIP 10002, New York City, from 779 listings.
Median 1BR rent in Lower East Side was $3,200 in April 2024, down 17.5% (−$678) from March 2024 and down 33.3% year-over-year. The middle half of 1BR listings asked between $2,800 and $3,825. That puts Lower East Side $700 above the New York City citywide 1BR median of $2,500. The month's figures are based on 779 listings across 18 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. March 2024 | Vs. April 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $3,850 | +$1,350 (+54.0%) | +$903 (+30.6%) | $2,750 – $4,595 | 45 |
| Studio | $4,395 | +$1,895 (+75.8%) | +$1,448 (+49.1%) | $4,395 – $4,395 | 1 |
| Studio | $3,495 | +$995 (+39.8%) | +$548 (+18.6%) | $2,425 – $4,630 | 27 |
| 1BR | $3,200 | −$678 (-17.5%) | −$1,600 (-33.3%) | $2,800 – $3,825 | 75 |
| 1BR | $4,173 | +$294 (+7.6%) | −$627 (-13.1%) | $3,195 – $5,525 | 156 |
| 1BR | $6,095 | +$2,217 (+57.1%) | +$1,295 (+27.0%) | $5,645 – $6,545 | 2 |
| 2BR | $5,100 | +$205 (+4.2%) | +$1,201 (+30.8%) | $5,100 – $5,100 | 1 |
| 2BR | $4,495 | −$400 (-8.2%) | +$596 (+15.3%) | $3,950 – $6,756 | 206 |
| 2BR | $4,200 | −$695 (-14.2%) | +$301 (+7.7%) | $3,795 – $4,498 | 103 |
| 3BR | $4,999 | −$796 (-13.7%) | −$196 (-3.8%) | $4,999 – $4,999 | 2 |
| 3BR | $5,550 | −$245 (-4.2%) | +$355 (+6.8%) | $4,650 – $6,000 | 41 |
| 3BR | $5,873 | +$78 (+1.3%) | +$678 (+13.0%) | $4,990 – $6,995 | 84 |
| 4BR | $8,195 | +$3,000 (+57.7%) | +$320 (+4.1%) | $7,074 – $8,596 | 16 |
| 4BR | $6,995 | +$1,800 (+34.6%) | −$880 (-11.2%) | $5,600 – $7,823 | 11 |
| 4BR | $8,595 | +$3,400 (+65.4%) | +$720 (+9.1%) | $8,595 – $8,595 | 1 |
Median, P25, and P75 are asking rents from listings posted in April 2024. Changes compare against the nearest prior month with data.
Lower East Side vs. New York City — April 2024
| Bedrooms | Lower East Side Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $3,850 | $2,491 | +$1,359 (+54.6%) |
| Studio | $4,395 | $2,491 | +$1,904 (+76.5%) |
| Studio | $3,495 | $2,491 | +$1,004 (+40.3%) |
| 1BR | $3,200 | $2,500 | +$700 (+28.0%) |
| 1BR | $4,173 | $2,500 | +$1,673 (+66.9%) |
| 1BR | $6,095 | $2,500 | +$3,595 (+143.8%) |
| 2BR | $5,100 | $2,995 | +$2,105 (+70.3%) |
| 2BR | $4,495 | $2,995 | +$1,500 (+50.1%) |
| 2BR | $4,200 | $2,995 | +$1,205 (+40.2%) |
| 3BR | $4,999 | $3,500 | +$1,499 (+42.8%) |
| 3BR | $5,550 | $3,500 | +$2,050 (+58.6%) |
| 3BR | $5,873 | $3,500 | +$2,373 (+67.8%) |
| 4BR | $8,195 | $4,270 | +$3,925 (+91.9%) |
| 4BR | $6,995 | $4,270 | +$2,725 (+63.8%) |
| 4BR | $8,595 | $4,270 | +$4,325 (+101.3%) |
Citywide figure is the median of zip-level medians across 175 New York City zip codes with listings in April 2024.