Monthly Rent Report
Lower East Side Rent Report — May 2024
Asking rents in ZIP 10002, New York City, from 866 listings.
Median 1BR rent in Lower East Side was $3,195 in May 2024, down 23.4% (−$977) from April 2024 and down 15.9% year-over-year. The middle half of 1BR listings asked between $2,775 and $3,895. That puts Lower East Side $770 above the New York City citywide 1BR median of $2,425. The month's figures are based on 866 listings across 18 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. April 2024 | Vs. May 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,675 | −$820 (-23.5%) | −$847 (-24.1%) | $2,335 – $3,375 | 35 |
| Studio | $4,250 | +$755 (+21.6%) | +$728 (+20.7%) | $2,625 – $5,695 | 33 |
| Studio | $4,315 | +$820 (+23.5%) | +$793 (+22.5%) | $4,208 – $4,345 | 3 |
| 1BR | $3,195 | −$977 (-23.4%) | −$604 (-15.9%) | $2,775 – $3,895 | 159 |
| 1BR | $3,995 | −$177 (-4.3%) | +$196 (+5.2%) | $3,090 – $5,825 | 92 |
| 1BR | $6,059 | +$1,887 (+45.2%) | +$2,260 (+59.5%) | $5,891 – $6,227 | 2 |
| 2BR | $4,400 | −$700 (-13.7%) | −$600 (-12.0%) | $3,895 – $5,800 | 105 |
| 2BR | $8,120 | +$3,020 (+59.2%) | +$3,120 (+62.4%) | $8,120 – $8,120 | 1 |
| 2BR | $3,900 | −$1,200 (-23.5%) | −$1,100 (-22.0%) | $3,396 – $4,499 | 226 |
| 3BR | $5,795 | +$796 (+15.9%) | +$795 (+15.9%) | $5,000 – $6,847 | 99 |
| 3BR | $5,825 | +$826 (+16.5%) | +$825 (+16.5%) | $5,224 – $6,649 | 50 |
| 3BR | $5,199 | +$200 (+4.0%) | +$199 (+4.0%) | $5,199 – $5,199 | 1 |
| 4BR | $2,599 | −$4,396 (-62.8%) | −$5,396 (-67.5%) | $2,599 – $2,599 | 1 |
| 4BR | $8,098 | +$1,103 (+15.8%) | +$103 (+1.3%) | $7,400 – $8,996 | 16 |
| 4BR | $8,750 | +$1,755 (+25.1%) | +$755 (+9.4%) | $7,995 – $9,574 | 31 |
Median, P25, and P75 are asking rents from listings posted in May 2024. Changes compare against the nearest prior month with data.
Lower East Side vs. New York City — May 2024
| Bedrooms | Lower East Side Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,675 | $2,350 | +$325 (+13.8%) |
| Studio | $4,250 | $2,350 | +$1,900 (+80.9%) |
| Studio | $4,315 | $2,350 | +$1,965 (+83.6%) |
| 1BR | $3,195 | $2,425 | +$770 (+31.8%) |
| 1BR | $3,995 | $2,425 | +$1,570 (+64.7%) |
| 1BR | $6,059 | $2,425 | +$3,634 (+149.9%) |
| 2BR | $4,400 | $2,914 | +$1,487 (+51.0%) |
| 2BR | $8,120 | $2,914 | +$5,207 (+178.7%) |
| 2BR | $3,900 | $2,914 | +$987 (+33.9%) |
| 3BR | $5,795 | $3,600 | +$2,195 (+61.0%) |
| 3BR | $5,825 | $3,600 | +$2,225 (+61.8%) |
| 3BR | $5,199 | $3,600 | +$1,599 (+44.4%) |
| 4BR | $2,599 | $4,250 | −$1,651 (-38.8%) |
| 4BR | $8,098 | $4,250 | +$3,848 (+90.5%) |
| 4BR | $8,750 | $4,250 | +$4,500 (+105.9%) |
Citywide figure is the median of zip-level medians across 176 New York City zip codes with listings in May 2024.