Monthly Rent Report
Midtown Rent Report — August 2022
Asking rents in ZIP 10018, New York City, from 274 listings.
Median 1BR rent in Midtown was $4,925 in August 2022, down 1.4% (−$70) from July 2022 and up 40.3% year-over-year. The middle half of 1BR listings asked between $4,675 and $5,275. That puts Midtown $2,575 above the New York City citywide 1BR median of $2,350. The month's figures are based on 274 listings across 14 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. July 2022 | Vs. August 2021 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $3,659 | −$1,611 (-30.6%) | +$244 (+7.1%) | $3,605 – $3,713 | 2 |
| Studio | $4,350 | −$920 (-17.5%) | +$935 (+27.4%) | $3,775 – $4,925 | 2 |
| Studio | $4,195 | −$1,075 (-20.4%) | +$780 (+22.8%) | $3,723 – $4,370 | 75 |
| 1BR | $4,925 | −$70 (-1.4%) | +$1,414 (+40.3%) | $4,675 – $5,275 | 11 |
| 1BR | $3,980 | −$1,015 (-20.3%) | +$469 (+13.3%) | $3,490 – $4,470 | 2 |
| 1BR | $5,250 | +$255 (+5.1%) | +$1,739 (+49.5%) | $4,500 – $5,775 | 89 |
| 2BR | $10,000 | +$4,505 (+82.0%) | +$5,080 (+103.2%) | $10,000 – $10,000 | 2 |
| 2BR | $8,109 | +$2,614 (+47.6%) | +$3,189 (+64.8%) | $6,365 – $8,540 | 64 |
| 2BR | $6,702 | +$1,207 (+22.0%) | +$1,782 (+36.2%) | $6,562 – $6,952 | 5 |
| 3BR | $12,000 | $0 (0.0%) | +$105 (+0.9%) | $8,995 – $12,250 | 11 |
| 3BR | $10,623 | −$1,377 (-11.5%) | −$1,272 (-10.7%) | $8,995 – $12,250 | 6 |
| 3BR | $8,995 | −$3,005 (-25.0%) | −$2,900 (-24.4%) | $8,995 – $8,995 | 1 |
| 4BR | $9,995 | $0 (0.0%) | — | $9,995 – $9,995 | 3 |
| 4BR | $9,995 | $0 (0.0%) | — | $9,995 – $9,995 | 1 |
Median, P25, and P75 are asking rents from listings posted in August 2022. Changes compare against the nearest prior month with data.
Midtown vs. New York City — August 2022
| Bedrooms | Midtown Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $3,659 | $2,300 | +$1,359 (+59.1%) |
| Studio | $4,350 | $2,300 | +$2,050 (+89.1%) |
| Studio | $4,195 | $2,300 | +$1,895 (+82.4%) |
| 1BR | $4,925 | $2,350 | +$2,575 (+109.6%) |
| 1BR | $3,980 | $2,350 | +$1,630 (+69.4%) |
| 1BR | $5,250 | $2,350 | +$2,900 (+123.4%) |
| 2BR | $10,000 | $2,800 | +$7,200 (+257.1%) |
| 2BR | $8,109 | $2,800 | +$5,309 (+189.6%) |
| 2BR | $6,702 | $2,800 | +$3,902 (+139.4%) |
| 3BR | $12,000 | $3,350 | +$8,650 (+258.2%) |
| 3BR | $10,623 | $3,350 | +$7,273 (+217.1%) |
| 3BR | $8,995 | $3,350 | +$5,645 (+168.5%) |
| 4BR | $9,995 | $4,224 | +$5,771 (+136.6%) |
| 4BR | $9,995 | $4,224 | +$5,771 (+136.6%) |
Citywide figure is the median of zip-level medians across 168 New York City zip codes with listings in August 2022.