Monthly Rent Report
Lower East Side Rent Report — August 2024
Asking rents in ZIP 10002, New York City, from 19 listings.
Median 1BR rent in Lower East Side was $4,300 in August 2024, up 34.6% (+$1,105) from July 2024 and up 7.6% year-over-year. The middle half of 1BR listings asked between $4,300 and $4,300. That puts Lower East Side $1,910 above the New York City citywide 1BR median of $2,390. The month's figures are based on 19 listings across 11 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. July 2024 | Vs. August 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,899 | −$451 (-13.5%) | −$1,101 (-27.5%) | $2,899 – $2,899 | 1 |
| 1BR | $4,300 | +$1,105 (+34.6%) | +$305 (+7.6%) | $4,300 – $4,300 | 1 |
| 1BR | $4,538 | +$1,343 (+42.0%) | +$543 (+13.6%) | $4,538 – $4,538 | 1 |
| 2BR | $13,950 | +$7,750 (+125.0%) | +$9,453 (+210.2%) | $13,700 – $13,950 | 3 |
| 2BR | $3,926 | −$2,274 (-36.7%) | −$571 (-12.7%) | $3,926 – $3,926 | 2 |
| 2BR | $5,648 | −$552 (-8.9%) | +$1,150 (+25.6%) | $5,520 – $5,775 | 2 |
| 3BR | $7,373 | +$1,376 (+22.9%) | +$2,874 (+63.9%) | $7,373 – $7,373 | 1 |
| 3BR | $5,950 | −$47 (-0.8%) | +$1,451 (+32.3%) | $5,950 – $5,950 | 1 |
| 4BR | $8,500 | −$597 (-6.6%) | +$505 (+6.3%) | $8,500 – $8,500 | 2 |
| 4BR | $5,395 | −$3,702 (-40.7%) | −$2,600 (-32.5%) | $5,395 – $5,395 | 1 |
Median, P25, and P75 are asking rents from listings posted in August 2024. Changes compare against the nearest prior month with data.
Lower East Side vs. New York City — August 2024
| Bedrooms | Lower East Side Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,899 | $2,500 | +$399 (+16.0%) |
| 1BR | $4,300 | $2,390 | +$1,910 (+79.9%) |
| 1BR | $4,538 | $2,390 | +$2,148 (+89.9%) |
| 2BR | $13,950 | $2,900 | +$11,050 (+381.1%) |
| 2BR | $3,926 | $2,900 | +$1,026 (+35.4%) |
| 2BR | $5,648 | $2,900 | +$2,748 (+94.8%) |
| 3BR | $7,373 | $3,603 | +$3,770 (+104.6%) |
| 3BR | $5,950 | $3,603 | +$2,347 (+65.1%) |
| 4BR | $8,500 | $4,225 | +$4,275 (+101.2%) |
| 4BR | $5,395 | $4,225 | +$1,170 (+27.7%) |
Citywide figure is the median of zip-level medians across 176 New York City zip codes with listings in August 2024.