Monthly Rent Report
Midtown Rent Report — May 2021
Asking rents in ZIP 10018, New York City, from 170 listings.
Median 1BR rent in Midtown was $3,650 in May 2021, up 17.3% (+$537) from April 2021. The middle half of 1BR listings asked between $3,000 and $4,550. That puts Midtown $1,830 above the New York City citywide 1BR median of $1,820. The month's figures are based on 170 listings across 9 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. April 2021 | Vs. Year Ago | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,569 | −$95 (-3.6%) | — | $2,350 – $2,900 | 33 |
| Studio | $2,664 | $0 (0.0%) | — | $2,562 – $2,729 | 8 |
| 1BR | $3,650 | +$537 (+17.3%) | — | $3,000 – $4,550 | 65 |
| 1BR | $3,160 | +$47 (+1.5%) | — | $2,925 – $3,663 | 29 |
| 2BR | $5,495 | −$1,500 (-21.4%) | — | $3,463 – $7,538 | 24 |
| 2BR | $4,663 | −$2,332 (-33.3%) | — | $4,537 – $5,366 | 7 |
| 3BR | $5,500 | −$6,660 (-54.8%) | — | $5,500 – $5,500 | 1 |
| 3BR | $5,500 | −$6,660 (-54.8%) | — | $5,500 – $5,500 | 1 |
| 4BR | $5,500 | $0 (0.0%) | — | $5,500 – $5,500 | 2 |
Median, P25, and P75 are asking rents from listings posted in May 2021. Changes compare against the nearest prior month with data.
Midtown vs. New York City — May 2021
| Bedrooms | Midtown Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,569 | $1,661 | +$908 (+54.7%) |
| Studio | $2,664 | $1,661 | +$1,003 (+60.4%) |
| 1BR | $3,650 | $1,820 | +$1,830 (+100.5%) |
| 1BR | $3,160 | $1,820 | +$1,340 (+73.6%) |
| 2BR | $5,495 | $2,200 | +$3,295 (+149.8%) |
| 2BR | $4,663 | $2,200 | +$2,463 (+112.0%) |
| 3BR | $5,500 | $2,550 | +$2,950 (+115.7%) |
| 3BR | $5,500 | $2,550 | +$2,950 (+115.7%) |
| 4BR | $5,500 | $3,400 | +$2,100 (+61.8%) |
Citywide figure is the median of zip-level medians across 162 New York City zip codes with listings in May 2021.