Monthly Rent Report
Lower East Side Rent Report — July 2024
Asking rents in ZIP 10002, New York City, from 302 listings.
Median 1BR rent in Lower East Side was $4,757 in July 2024, up 16.0% (+$657) from June 2024 and up 22.0% year-over-year. The middle half of 1BR listings asked between $4,328 and $5,185. That puts Lower East Side $2,257 above the New York City citywide 1BR median of $2,500. The month's figures are based on 302 listings across 19 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. June 2024 | Vs. July 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $3,650 | −$100 (-2.7%) | −$505 (-12.2%) | $3,650 – $3,650 | 1 |
| Studio | $3,650 | −$100 (-2.7%) | −$505 (-12.2%) | $2,625 – $4,300 | 29 |
| Studio | $3,350 | −$400 (-10.7%) | −$805 (-19.4%) | $2,408 – $4,311 | 18 |
| 1BR | $4,757 | +$657 (+16.0%) | +$858 (+22.0%) | $4,328 – $5,185 | 2 |
| 1BR | $3,195 | −$905 (-22.1%) | −$704 (-18.1%) | $3,195 – $3,195 | 2 |
| 1BR | $4,995 | +$895 (+21.8%) | +$1,096 (+28.1%) | $3,695 – $5,698 | 67 |
| 2BR | $4,848 | +$353 (+7.8%) | +$353 (+7.8%) | $3,899 – $7,663 | 76 |
| 2BR | $6,200 | +$1,705 (+37.9%) | +$1,705 (+37.9%) | $5,050 – $7,350 | 2 |
| 2BR | $3,085 | −$1,410 (-31.4%) | −$1,410 (-31.4%) | $3,085 – $3,085 | 1 |
| 2BR | $6,295 | +$1,800 (+40.0%) | +$1,800 (+40.0%) | $6,295 – $6,295 | 1 |
| 3BR | $5,799 | −$196 (-3.3%) | +$99 (+1.7%) | $5,799 – $5,799 | 5 |
| 3BR | $5,997 | +$2 (+0.0%) | +$297 (+5.2%) | $5,596 – $6,970 | 38 |
| 3BR | $5,995 | $0 (0.0%) | +$295 (+5.2%) | $5,895 – $6,755 | 32 |
| 4BR | $8,873 | −$77 (-0.9%) | +$878 (+11.0%) | $8,736 – $8,995 | 12 |
| 4BR | $9,097 | +$147 (+1.6%) | +$1,102 (+13.8%) | $8,896 – $9,298 | 2 |
| 4BR | $8,500 | −$450 (-5.0%) | +$505 (+6.3%) | $8,250 – $8,695 | 7 |
Median, P25, and P75 are asking rents from listings posted in July 2024. Changes compare against the nearest prior month with data.
Lower East Side vs. New York City — July 2024
| Bedrooms | Lower East Side Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $3,650 | $2,800 | +$850 (+30.4%) |
| Studio | $3,650 | $2,800 | +$850 (+30.4%) |
| Studio | $3,350 | $2,800 | +$550 (+19.6%) |
| 1BR | $4,757 | $2,500 | +$2,257 (+90.3%) |
| 1BR | $3,195 | $2,500 | +$695 (+27.8%) |
| 1BR | $4,995 | $2,500 | +$2,495 (+99.8%) |
| 2BR | $4,848 | $3,000 | +$1,848 (+61.6%) |
| 2BR | $6,200 | $3,000 | +$3,200 (+106.7%) |
| 2BR | $3,085 | $3,000 | +$85 (+2.8%) |
| 2BR | $6,295 | $3,000 | +$3,295 (+109.8%) |
| 3BR | $5,799 | $3,606 | +$2,193 (+60.8%) |
| 3BR | $5,997 | $3,606 | +$2,391 (+66.3%) |
| 3BR | $5,995 | $3,606 | +$2,389 (+66.3%) |
| 4BR | $8,873 | $4,500 | +$4,373 (+97.2%) |
| 4BR | $9,097 | $4,500 | +$4,597 (+102.2%) |
| 4BR | $8,500 | $4,500 | +$4,000 (+88.9%) |
Citywide figure is the median of zip-level medians across 176 New York City zip codes with listings in July 2024.