Monthly Rent Report
Midtown Rent Report — October 2022
Asking rents in ZIP 10018, New York City, from 117 listings.
Median 1BR rent in Midtown was $2,600 in October 2022, down 46.7% (−$2,276) from September 2022 and down 35.8% year-over-year. The middle half of 1BR listings asked between $2,411 and $2,788. That puts Midtown $345 above the New York City citywide 1BR median of $2,255. The month's figures are based on 117 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. September 2022 | Vs. October 2021 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,299 | −$1,836 (-44.4%) | −$1,594 (-40.9%) | $2,298 – $2,449 | 4 |
| Studio | $5,270 | +$1,135 (+27.4%) | +$1,377 (+35.4%) | $5,270 – $5,270 | 1 |
| Studio | $4,295 | +$160 (+3.9%) | +$402 (+10.3%) | $3,676 – $4,480 | 23 |
| 1BR | $2,600 | −$2,276 (-46.7%) | −$1,450 (-35.8%) | $2,411 – $2,788 | 14 |
| 1BR | $5,112 | +$236 (+4.8%) | +$1,062 (+26.2%) | $4,732 – $5,800 | 3 |
| 1BR | $5,269 | +$393 (+8.1%) | +$1,219 (+30.1%) | $4,320 – $6,116 | 32 |
| 2BR | $7,873 | +$672 (+9.3%) | +$2,194 (+38.6%) | $6,539 – $8,373 | 22 |
| 2BR | $5,200 | −$2,001 (-27.8%) | −$479 (-8.4%) | $3,995 – $6,082 | 8 |
| 2BR | $6,921 | −$280 (-3.9%) | +$1,242 (+21.9%) | $6,921 – $6,921 | 1 |
| 3BR | $4,995 | −$3,800 (-43.2%) | −$6,550 (-56.7%) | $4,995 – $4,995 | 3 |
| 3BR | $11,950 | +$3,155 (+35.9%) | +$405 (+3.5%) | $11,950 – $11,950 | 1 |
| 3BR | $8,495 | −$300 (-3.4%) | −$3,050 (-26.4%) | $7,500 – $11,950 | 5 |
Median, P25, and P75 are asking rents from listings posted in October 2022. Changes compare against the nearest prior month with data.
Midtown vs. New York City — October 2022
| Bedrooms | Midtown Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,299 | $2,283 | +$17 (+0.7%) |
| Studio | $5,270 | $2,283 | +$2,988 (+130.9%) |
| Studio | $4,295 | $2,283 | +$2,013 (+88.2%) |
| 1BR | $2,600 | $2,255 | +$345 (+15.3%) |
| 1BR | $5,112 | $2,255 | +$2,857 (+126.7%) |
| 1BR | $5,269 | $2,255 | +$3,014 (+133.7%) |
| 2BR | $7,873 | $2,700 | +$5,173 (+191.6%) |
| 2BR | $5,200 | $2,700 | +$2,500 (+92.6%) |
| 2BR | $6,921 | $2,700 | +$4,221 (+156.3%) |
| 3BR | $4,995 | $3,200 | +$1,795 (+56.1%) |
| 3BR | $11,950 | $3,200 | +$8,750 (+273.4%) |
| 3BR | $8,495 | $3,200 | +$5,295 (+165.5%) |
Citywide figure is the median of zip-level medians across 173 New York City zip codes with listings in October 2022.