Monthly Rent Report
Lower East Side Rent Report — December 2024
Asking rents in ZIP 10002, New York City, from 56 listings.
Median 1BR rent in Lower East Side was $4,560 in December 2024, up 42.7% (+$1,365) from November 2024 and up 7.5% year-over-year. The middle half of 1BR listings asked between $3,640 and $4,799. That puts Lower East Side $2,081 above the New York City citywide 1BR median of $2,480. The month's figures are based on 56 listings across 11 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. November 2024 | Vs. December 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $4,050 | −$1,506 (-27.1%) | −$75 (-1.8%) | $4,050 – $4,050 | 2 |
| Studio | $3,595 | −$1,961 (-35.3%) | −$530 (-12.8%) | $3,595 – $3,595 | 1 |
| 1BR | $4,560 | +$1,365 (+42.7%) | +$320 (+7.5%) | $3,640 – $4,799 | 9 |
| 1BR | $5,789 | +$2,594 (+81.2%) | +$1,549 (+36.5%) | $5,789 – $5,789 | 1 |
| 2BR | $4,258 | −$642 (-13.1%) | +$558 (+15.1%) | $3,150 – $6,995 | 26 |
| 2BR | $7,950 | +$3,050 (+62.2%) | +$4,250 (+114.9%) | $7,950 – $7,950 | 1 |
| 3BR | $5,600 | +$605 (+12.1%) | +$1,653 (+41.9%) | $5,600 – $5,600 | 1 |
| 3BR | $4,648 | −$347 (-7.0%) | +$700 (+17.7%) | $4,120 – $4,949 | 6 |
| 4BR | $5,295 | +$300 (+6.0%) | −$413 (-7.2%) | $5,295 – $5,295 | 1 |
| 4BR | $7,500 | +$2,505 (+50.2%) | +$1,792 (+31.4%) | $7,500 – $7,500 | 6 |
Median, P25, and P75 are asking rents from listings posted in December 2024. Changes compare against the nearest prior month with data.
Lower East Side vs. New York City — December 2024
| Bedrooms | Lower East Side Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $4,050 | $2,525 | +$1,525 (+60.4%) |
| Studio | $3,595 | $2,525 | +$1,070 (+42.4%) |
| 1BR | $4,560 | $2,480 | +$2,081 (+83.9%) |
| 1BR | $5,789 | $2,480 | +$3,310 (+133.5%) |
| 2BR | $4,258 | $2,975 | +$1,283 (+43.1%) |
| 2BR | $7,950 | $2,975 | +$4,975 (+167.2%) |
| 3BR | $5,600 | $3,546 | +$2,055 (+57.9%) |
| 3BR | $4,648 | $3,546 | +$1,102 (+31.1%) |
| 4BR | $5,295 | $4,150 | +$1,145 (+27.6%) |
| 4BR | $7,500 | $4,150 | +$3,350 (+80.7%) |
Citywide figure is the median of zip-level medians across 175 New York City zip codes with listings in December 2024.