Monthly Rent Report
Midtown Rent Report — November 2022
Asking rents in ZIP 10018, New York City, from 262 listings.
Median 1BR rent in Midtown was $2,500 in November 2022, down 3.8% (−$100) from October 2022 and down 49.6% year-over-year. The middle half of 1BR listings asked between $2,500 and $3,600. That puts Midtown $256 above the New York City citywide 1BR median of $2,244. The month's figures are based on 262 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. October 2022 | Vs. November 2021 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $4,192 | −$103 (-2.4%) | +$626 (+17.6%) | $3,666 – $4,910 | 69 |
| Studio | $2,345 | −$1,950 (-45.4%) | −$1,221 (-34.2%) | $2,220 – $2,995 | 6 |
| Studio | $5,080 | +$785 (+18.3%) | +$1,514 (+42.5%) | $3,382 – $5,258 | 8 |
| 1BR | $2,500 | −$100 (-3.8%) | −$2,464 (-49.6%) | $2,500 – $3,600 | 5 |
| 1BR | $7,153 | +$4,553 (+175.1%) | +$2,189 (+44.1%) | $6,194 – $7,376 | 8 |
| 1BR | $5,350 | +$2,750 (+105.8%) | +$386 (+7.8%) | $4,308 – $6,195 | 89 |
| 2BR | $7,009 | −$863 (-11.0%) | +$703 (+11.1%) | $7,009 – $7,009 | 1 |
| 2BR | $7,674 | −$198 (-2.5%) | +$1,368 (+21.7%) | $6,149 – $8,373 | 56 |
| 2BR | $2,695 | −$5,177 (-65.8%) | −$3,611 (-57.3%) | $2,695 – $2,695 | 2 |
| 3BR | $7,000 | −$1,495 (-17.6%) | −$4,595 (-39.6%) | $7,000 – $7,648 | 3 |
| 3BR | $12,995 | +$4,500 (+53.0%) | +$1,400 (+12.1%) | $10,148 – $15,950 | 11 |
| 3BR | $10,645 | +$2,150 (+25.3%) | −$950 (-8.2%) | $7,971 – $14,246 | 4 |
Median, P25, and P75 are asking rents from listings posted in November 2022. Changes compare against the nearest prior month with data.
Midtown vs. New York City — November 2022
| Bedrooms | Midtown Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $4,192 | $2,148 | +$2,044 (+95.2%) |
| Studio | $2,345 | $2,148 | +$197 (+9.2%) |
| Studio | $5,080 | $2,148 | +$2,932 (+136.5%) |
| 1BR | $2,500 | $2,244 | +$256 (+11.4%) |
| 1BR | $7,153 | $2,244 | +$4,909 (+218.8%) |
| 1BR | $5,350 | $2,244 | +$3,106 (+138.4%) |
| 2BR | $7,009 | $2,700 | +$4,309 (+159.6%) |
| 2BR | $7,674 | $2,700 | +$4,974 (+184.2%) |
| 2BR | $2,695 | $2,700 | −$5 (-0.2%) |
| 3BR | $7,000 | $3,200 | +$3,800 (+118.8%) |
| 3BR | $12,995 | $3,200 | +$9,795 (+306.1%) |
| 3BR | $10,645 | $3,200 | +$7,445 (+232.7%) |
Citywide figure is the median of zip-level medians across 170 New York City zip codes with listings in November 2022.