Monthly Rent Report
Midtown Rent Report — January 2023
Asking rents in ZIP 10018, New York City, from 255 listings.
Median 1BR rent in Midtown was $2,695 in January 2023, down 42.2% (−$1,966) from December 2022 and down 43.5% year-over-year. The middle half of 1BR listings asked between $2,500 and $4,095. That puts Midtown $406 above the New York City citywide 1BR median of $2,289. The month's figures are based on 255 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. December 2022 | Vs. January 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $3,887 | +$379 (+10.8%) | +$585 (+17.7%) | $3,745 – $3,887 | 5 |
| Studio | $3,895 | +$387 (+11.0%) | +$593 (+17.9%) | $3,383 – $4,453 | 71 |
| Studio | $3,395 | −$113 (-3.2%) | +$93 (+2.8%) | $2,498 – $3,850 | 7 |
| 1BR | $2,695 | −$1,966 (-42.2%) | −$2,072 (-43.5%) | $2,500 – $4,095 | 9 |
| 1BR | $5,490 | +$829 (+17.8%) | +$723 (+15.2%) | $5,490 – $5,490 | 1 |
| 1BR | $5,375 | +$714 (+15.3%) | +$608 (+12.8%) | $4,235 – $6,630 | 83 |
| 2BR | $6,938 | −$699 (-9.2%) | +$1,885 (+37.3%) | $6,348 – $8,540 | 49 |
| 2BR | $7,326 | −$311 (-4.1%) | +$2,273 (+45.0%) | $7,326 – $7,326 | 1 |
| 2BR | $5,717 | −$1,920 (-25.1%) | +$664 (+13.1%) | $4,795 – $6,140 | 14 |
| 3BR | $7,800 | −$4,000 (-33.9%) | — | $7,475 – $10,350 | 4 |
| 3BR | $7,800 | −$4,000 (-33.9%) | — | $7,800 – $18,000 | 5 |
| 3BR | $9,850 | −$1,950 (-16.5%) | — | $7,196 – $16,475 | 6 |
Median, P25, and P75 are asking rents from listings posted in January 2023. Changes compare against the nearest prior month with data.
Midtown vs. New York City — January 2023
| Bedrooms | Midtown Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $3,887 | $2,197 | +$1,690 (+76.9%) |
| Studio | $3,895 | $2,197 | +$1,698 (+77.3%) |
| Studio | $3,395 | $2,197 | +$1,198 (+54.5%) |
| 1BR | $2,695 | $2,289 | +$406 (+17.7%) |
| 1BR | $5,490 | $2,289 | +$3,201 (+139.8%) |
| 1BR | $5,375 | $2,289 | +$3,086 (+134.8%) |
| 2BR | $6,938 | $2,700 | +$4,238 (+157.0%) |
| 2BR | $7,326 | $2,700 | +$4,626 (+171.3%) |
| 2BR | $5,717 | $2,700 | +$3,017 (+111.7%) |
| 3BR | $7,800 | $3,200 | +$4,600 (+143.8%) |
| 3BR | $7,800 | $3,200 | +$4,600 (+143.8%) |
| 3BR | $9,850 | $3,200 | +$6,650 (+207.8%) |
Citywide figure is the median of zip-level medians across 173 New York City zip codes with listings in January 2023.