Monthly Rent Report
Midtown Rent Report — June 2022
Asking rents in ZIP 10018, New York City, from 10 listings.
Median 1BR rent in Midtown was $2,600 in June 2022, down 48.6% (−$2,461) from May 2022 and down 26.8% year-over-year. The middle half of 1BR listings asked between $2,600 and $2,600. That puts Midtown $360 above the New York City citywide 1BR median of $2,240. The month's figures are based on 10 listings across 5 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. May 2022 | Vs. June 2021 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $4,017 | −$132 (-3.2%) | +$1,353 (+50.8%) | $4,017 – $4,017 | 1 |
| 1BR | $2,600 | −$2,461 (-48.6%) | −$949 (-26.8%) | $2,600 – $2,600 | 1 |
| 1BR | $5,175 | +$114 (+2.3%) | +$1,626 (+45.8%) | $5,175 – $5,175 | 1 |
| 2BR | $7,468 | +$3,468 (+86.7%) | +$2,931 (+64.6%) | $6,521 – $7,535 | 5 |
| 3BR | $5,000 | +$250 (+5.3%) | −$350 (-6.5%) | $4,750 – $5,250 | 2 |
Median, P25, and P75 are asking rents from listings posted in June 2022. Changes compare against the nearest prior month with data.
Midtown vs. New York City — June 2022
| Bedrooms | Midtown Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $4,017 | $2,078 | +$1,939 (+93.3%) |
| 1BR | $2,600 | $2,240 | +$360 (+16.1%) |
| 1BR | $5,175 | $2,240 | +$2,935 (+131.0%) |
| 2BR | $7,468 | $2,600 | +$4,868 (+187.2%) |
| 3BR | $5,000 | $3,200 | +$1,800 (+56.3%) |
Citywide figure is the median of zip-level medians across 174 New York City zip codes with listings in June 2022.