Monthly Rent Report
Midtown Rent Report — May 2022
Asking rents in ZIP 10018, New York City, from 17 listings.
Median 1BR rent in Midtown was $5,061 in May 2022, down 0.4% (−$20) from April 2022 and up 60.2% year-over-year. The middle half of 1BR listings asked between $5,061 and $5,061. That puts Midtown $2,999 above the New York City citywide 1BR median of $2,063. The month's figures are based on 17 listings across 6 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. April 2022 | Vs. May 2021 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $4,149 | +$281 (+7.3%) | +$1,485 (+55.7%) | $4,149 – $4,149 | 1 |
| 1BR | $5,061 | −$20 (-0.4%) | +$1,901 (+60.2%) | $5,061 – $5,061 | 1 |
| 2BR | $6,171 | −$565 (-8.4%) | +$1,508 (+32.3%) | $6,012 – $6,366 | 5 |
| 2BR | $4,000 | −$2,736 (-40.6%) | −$663 (-14.2%) | $4,000 – $4,000 | 2 |
| 3BR | $4,750 | −$2,750 (-36.7%) | −$750 (-13.6%) | $4,750 – $5,875 | 3 |
| 4BR | $7,995 | −$5 (-0.1%) | +$2,495 (+45.4%) | $7,995 – $8,000 | 5 |
Median, P25, and P75 are asking rents from listings posted in May 2022. Changes compare against the nearest prior month with data.
Midtown vs. New York City — May 2022
| Bedrooms | Midtown Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $4,149 | $1,875 | +$2,274 (+121.3%) |
| 1BR | $5,061 | $2,063 | +$2,999 (+145.4%) |
| 2BR | $6,171 | $2,499 | +$3,672 (+146.9%) |
| 2BR | $4,000 | $2,499 | +$1,501 (+60.1%) |
| 3BR | $4,750 | $2,950 | +$1,800 (+61.0%) |
| 4BR | $7,995 | $3,600 | +$4,395 (+122.1%) |
Citywide figure is the median of zip-level medians across 174 New York City zip codes with listings in May 2022.