Monthly Rent Report
Lower East Side Rent Report — May 2025
Asking rents in ZIP 10002, New York City, from 112 listings.
Median 1BR rent in Lower East Side was $3,399 in May 2025, down 32.0% (−$1,601) from April 2025 and up 6.4% year-over-year. The middle half of 1BR listings asked between $3,399 and $3,399. That puts Lower East Side $558 above the New York City citywide 1BR median of $2,841. The month's figures are based on 112 listings across 13 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. April 2025 | Vs. May 2024 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $5,283 | +$898 (+20.5%) | +$2,608 (+97.5%) | $5,283 – $5,283 | 1 |
| Studio | $4,390 | +$5 (+0.1%) | +$1,715 (+64.1%) | $3,965 – $4,575 | 13 |
| 1BR | $3,399 | −$1,601 (-32.0%) | +$204 (+6.4%) | $3,399 – $3,399 | 1 |
| 1BR | $2,995 | −$2,005 (-40.1%) | −$200 (-6.3%) | $2,995 – $2,995 | 1 |
| 1BR | $5,700 | +$700 (+14.0%) | +$2,505 (+78.4%) | $5,100 – $6,323 | 35 |
| 2BR | $8,895 | +$3,445 (+63.2%) | +$4,995 (+128.1%) | $8,895 – $8,895 | 1 |
| 2BR | $5,650 | +$200 (+3.7%) | +$1,750 (+44.9%) | $4,923 – $8,448 | 35 |
| 3BR | $3,995 | −$2,152 (-35.0%) | −$1,204 (-23.2%) | $3,995 – $3,995 | 1 |
| 3BR | $6,345 | +$198 (+3.2%) | +$1,146 (+22.0%) | $5,399 – $9,350 | 14 |
| 4BR | $11,995 | +$3,000 (+33.4%) | +$3,245 (+37.1%) | $11,995 – $11,995 | 1 |
| 4BR | $8,745 | −$250 (-2.8%) | −$5 (-0.1%) | $8,209 – $8,995 | 4 |
Median, P25, and P75 are asking rents from listings posted in May 2025. Changes compare against the nearest prior month with data.
Lower East Side vs. New York City — May 2025
| Bedrooms | Lower East Side Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $5,283 | $2,799 | +$2,484 (+88.7%) |
| Studio | $4,390 | $2,799 | +$1,591 (+56.8%) |
| 1BR | $3,399 | $2,841 | +$558 (+19.7%) |
| 1BR | $2,995 | $2,841 | +$154 (+5.4%) |
| 1BR | $5,700 | $2,841 | +$2,859 (+100.7%) |
| 2BR | $8,895 | $3,263 | +$5,633 (+172.6%) |
| 2BR | $5,650 | $3,263 | +$2,388 (+73.2%) |
| 3BR | $3,995 | $3,777 | +$218 (+5.8%) |
| 3BR | $6,345 | $3,777 | +$2,568 (+68.0%) |
| 4BR | $11,995 | $4,345 | +$7,650 (+176.1%) |
| 4BR | $8,745 | $4,345 | +$4,400 (+101.3%) |
Citywide figure is the median of zip-level medians across 175 New York City zip codes with listings in May 2025.