Monthly Rent Report
Midtown Rent Report — December 2022
Asking rents in ZIP 10018, New York City, from 119 listings.
Median 1BR rent in Midtown was $4,662 in December 2022, down 12.9% (−$688) from November 2022 and up 15.0% year-over-year. The middle half of 1BR listings asked between $4,414 and $4,909. That puts Midtown $2,440 above the New York City citywide 1BR median of $2,222. The month's figures are based on 119 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. November 2022 | Vs. December 2021 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,888 | +$543 (+23.1%) | −$729 (-20.2%) | $2,691 – $3,084 | 2 |
| Studio | $3,508 | +$1,163 (+49.6%) | −$109 (-3.0%) | $3,340 – $3,653 | 9 |
| Studio | $4,240 | +$1,895 (+80.8%) | +$623 (+17.2%) | $3,625 – $4,900 | 21 |
| 1BR | $4,662 | −$688 (-12.9%) | +$607 (+15.0%) | $4,414 – $4,909 | 2 |
| 1BR | $5,745 | +$395 (+7.4%) | +$1,690 (+41.7%) | $4,575 – $6,600 | 37 |
| 1BR | $3,500 | −$1,850 (-34.6%) | −$555 (-13.7%) | $3,500 – $3,500 | 1 |
| 2BR | $6,126 | −$883 (-12.6%) | +$1,162 (+23.4%) | $6,032 – $6,343 | 3 |
| 2BR | $12,995 | +$5,986 (+85.4%) | +$8,031 (+161.8%) | $7,448 – $12,995 | 7 |
| 2BR | $7,637 | +$628 (+9.0%) | +$2,673 (+53.8%) | $6,445 – $8,893 | 18 |
| 3BR | $5,000 | −$7,995 (-61.5%) | −$6,595 (-56.9%) | $5,000 – $6,250 | 3 |
| 3BR | $11,800 | −$1,195 (-9.2%) | +$205 (+1.8%) | $7,500 – $12,000 | 5 |
| 3BR | $7,500 | −$5,495 (-42.3%) | −$4,095 (-35.3%) | $5,250 – $11,800 | 11 |
Median, P25, and P75 are asking rents from listings posted in December 2022. Changes compare against the nearest prior month with data.
Midtown vs. New York City — December 2022
| Bedrooms | Midtown Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,888 | $2,098 | +$790 (+37.7%) |
| Studio | $3,508 | $2,098 | +$1,411 (+67.2%) |
| Studio | $4,240 | $2,098 | +$2,143 (+102.1%) |
| 1BR | $4,662 | $2,222 | +$2,440 (+109.8%) |
| 1BR | $5,745 | $2,222 | +$3,524 (+158.6%) |
| 1BR | $3,500 | $2,222 | +$1,279 (+57.6%) |
| 2BR | $6,126 | $2,700 | +$3,426 (+126.9%) |
| 2BR | $12,995 | $2,700 | +$10,295 (+381.3%) |
| 2BR | $7,637 | $2,700 | +$4,937 (+182.9%) |
| 3BR | $5,000 | $3,200 | +$1,800 (+56.3%) |
| 3BR | $11,800 | $3,200 | +$8,600 (+268.8%) |
| 3BR | $7,500 | $3,200 | +$4,300 (+134.4%) |
Citywide figure is the median of zip-level medians across 173 New York City zip codes with listings in December 2022.