Monthly Rent Report
Lower East Side Rent Report — June 2024
Asking rents in ZIP 10002, New York City, from 1,145 listings.
Median 1BR rent in Lower East Side was $4,100 in June 2024, down 32.3% (−$1,959) from May 2024 and down 4.5% year-over-year. The middle half of 1BR listings asked between $3,195 and $5,500. That puts Lower East Side $1,650 above the New York City citywide 1BR median of $2,450. The month's figures are based on 1,145 listings across 19 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. May 2024 | Vs. June 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,625 | −$1,690 (-39.2%) | −$645 (-19.7%) | $2,373 – $4,083 | 47 |
| Studio | $3,750 | −$565 (-13.1%) | +$480 (+14.7%) | $2,738 – $4,630 | 96 |
| Studio | $4,116 | −$199 (-4.6%) | +$846 (+25.9%) | $4,116 – $4,116 | 1 |
| 1BR | $4,100 | −$1,959 (-32.3%) | −$195 (-4.5%) | $3,195 – $5,500 | 241 |
| 1BR | $5,849 | −$210 (-3.5%) | +$1,554 (+36.2%) | $5,786 – $5,912 | 2 |
| 1BR | $3,150 | −$2,909 (-48.0%) | −$1,145 (-26.7%) | $2,650 – $3,750 | 145 |
| 2BR | $2,550 | −$1,350 (-34.6%) | −$1,497 (-37.0%) | $2,550 – $2,550 | 4 |
| 2BR | $8,200 | +$4,300 (+110.3%) | +$4,153 (+102.6%) | $8,200 – $8,200 | 1 |
| 2BR | $3,050 | −$850 (-21.8%) | −$997 (-24.6%) | $3,050 – $3,050 | 2 |
| 2BR | $4,495 | +$595 (+15.3%) | +$448 (+11.1%) | $3,796 – $6,000 | 314 |
| 3BR | $5,399 | +$200 (+3.8%) | −$500 (-8.5%) | $5,399 – $5,399 | 1 |
| 3BR | $5,950 | +$751 (+14.4%) | +$51 (+0.9%) | $5,275 – $6,699 | 83 |
| 3BR | $5,995 | +$796 (+15.3%) | +$96 (+1.6%) | $5,395 – $6,800 | 119 |
| 4BR | $8,950 | +$200 (+2.3%) | +$455 (+5.4%) | $8,500 – $9,653 | 35 |
| 4BR | $8,175 | −$575 (-6.6%) | −$320 (-3.8%) | $7,995 – $9,295 | 37 |
| 4BR | $8,660 | −$90 (-1.0%) | +$165 (+1.9%) | $8,328 – $8,772 | 3 |
Median, P25, and P75 are asking rents from listings posted in June 2024. Changes compare against the nearest prior month with data.
Lower East Side vs. New York City — June 2024
| Bedrooms | Lower East Side Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,625 | $2,440 | +$185 (+7.6%) |
| Studio | $3,750 | $2,440 | +$1,310 (+53.7%) |
| Studio | $4,116 | $2,440 | +$1,676 (+68.7%) |
| 1BR | $4,100 | $2,450 | +$1,650 (+67.3%) |
| 1BR | $5,849 | $2,450 | +$3,399 (+138.7%) |
| 1BR | $3,150 | $2,450 | +$700 (+28.6%) |
| 2BR | $2,550 | $2,900 | −$350 (-12.1%) |
| 2BR | $8,200 | $2,900 | +$5,300 (+182.8%) |
| 2BR | $3,050 | $2,900 | +$150 (+5.2%) |
| 2BR | $4,495 | $2,900 | +$1,595 (+55.0%) |
| 3BR | $5,399 | $3,600 | +$1,799 (+50.0%) |
| 3BR | $5,950 | $3,600 | +$2,350 (+65.3%) |
| 3BR | $5,995 | $3,600 | +$2,395 (+66.5%) |
| 4BR | $8,950 | $4,256 | +$4,694 (+110.3%) |
| 4BR | $8,175 | $4,256 | +$3,919 (+92.1%) |
| 4BR | $8,660 | $4,256 | +$4,404 (+103.5%) |
Citywide figure is the median of zip-level medians across 176 New York City zip codes with listings in June 2024.