Monthly Rent Report
Lower East Side Rent Report — October 2024
Asking rents in ZIP 10002, New York City, from 52 listings.
Median 1BR rent in Lower East Side was $5,292 in October 2024, down 7.1% (−$403) from September 2024 and up 65.6% year-over-year. The middle half of 1BR listings asked between $4,996 and $6,484. That puts Lower East Side $2,986 above the New York City citywide 1BR median of $2,306. The month's figures are based on 52 listings across 13 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. September 2024 | Vs. October 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $4,295 | +$725 (+20.3%) | +$1,695 (+65.2%) | $4,295 – $4,295 | 1 |
| Studio | $3,796 | +$226 (+6.3%) | +$1,196 (+46.0%) | $3,796 – $3,796 | 2 |
| Studio | $3,477 | −$93 (-2.6%) | +$877 (+33.7%) | $3,477 – $3,477 | 1 |
| 1BR | $5,292 | −$403 (-7.1%) | +$2,097 (+65.6%) | $4,996 – $6,484 | 12 |
| 1BR | $4,919 | −$776 (-13.6%) | +$1,724 (+54.0%) | $4,919 – $4,919 | 1 |
| 2BR | $3,299 | −$2,448 (-42.6%) | −$651 (-16.5%) | $3,299 – $3,299 | 1 |
| 2BR | $7,210 | +$1,462 (+25.4%) | +$3,260 (+82.5%) | $5,051 – $7,858 | 10 |
| 2BR | $3,700 | −$2,047 (-35.6%) | −$250 (-6.3%) | $3,700 – $3,700 | 7 |
| 3BR | $4,975 | −$3,325 (-40.1%) | +$1,876 (+60.5%) | $4,975 – $4,975 | 1 |
| 3BR | $6,995 | −$1,305 (-15.7%) | +$3,896 (+125.7%) | $6,995 – $6,995 | 1 |
| 3BR | $5,295 | −$3,005 (-36.2%) | +$2,196 (+70.9%) | $4,371 – $5,295 | 12 |
| 4BR | $4,995 | −$3,500 (-41.2%) | −$3,000 (-37.5%) | $4,995 – $4,995 | 2 |
Median, P25, and P75 are asking rents from listings posted in October 2024. Changes compare against the nearest prior month with data.
Lower East Side vs. New York City — October 2024
| Bedrooms | Lower East Side Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $4,295 | $2,550 | +$1,745 (+68.4%) |
| Studio | $3,796 | $2,550 | +$1,246 (+48.9%) |
| Studio | $3,477 | $2,550 | +$927 (+36.4%) |
| 1BR | $5,292 | $2,306 | +$2,986 (+129.5%) |
| 1BR | $4,919 | $2,306 | +$2,613 (+113.3%) |
| 2BR | $3,299 | $2,914 | +$386 (+13.2%) |
| 2BR | $7,210 | $2,914 | +$4,296 (+147.5%) |
| 2BR | $3,700 | $2,914 | +$787 (+27.0%) |
| 3BR | $4,975 | $3,519 | +$1,456 (+41.4%) |
| 3BR | $6,995 | $3,519 | +$3,476 (+98.8%) |
| 3BR | $5,295 | $3,519 | +$1,776 (+50.5%) |
| 4BR | $4,995 | $4,100 | +$895 (+21.8%) |
Citywide figure is the median of zip-level medians across 176 New York City zip codes with listings in October 2024.