Monthly Rent Report
Midtown Rent Report — February 2023
Asking rents in ZIP 10018, New York City, from 90 listings.
Median 1BR rent in Midtown was $4,791 in February 2023, up 77.8% (+$2,096) from January 2023 and down 2.1% year-over-year. The middle half of 1BR listings asked between $4,546 and $5,381. That puts Midtown $2,592 above the New York City citywide 1BR median of $2,200. The month's figures are based on 90 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. January 2023 | Vs. February 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $3,525 | +$130 (+3.8%) | −$181 (-4.9%) | $3,078 – $3,525 | 5 |
| Studio | $4,040 | +$645 (+19.0%) | +$334 (+9.0%) | $3,895 – $4,453 | 12 |
| Studio | $3,857 | +$462 (+13.6%) | +$151 (+4.1%) | $3,843 – $4,354 | 3 |
| 1BR | $4,791 | +$2,096 (+77.8%) | −$102 (-2.1%) | $4,546 – $5,381 | 20 |
| 1BR | $4,757 | +$2,062 (+76.5%) | −$136 (-2.8%) | $4,743 – $4,771 | 2 |
| 1BR | $3,600 | +$905 (+33.6%) | −$1,293 (-26.4%) | $2,425 – $4,793 | 11 |
| 2BR | $6,951 | +$1,234 (+21.6%) | +$1,275 (+22.5%) | $6,951 – $6,951 | 1 |
| 2BR | $3,263 | −$2,454 (-42.9%) | −$2,413 (-42.5%) | $2,600 – $4,600 | 14 |
| 2BR | $7,675 | +$1,958 (+34.2%) | +$1,999 (+35.2%) | $7,132 – $10,725 | 15 |
| 3BR | $18,000 | +$8,150 (+82.7%) | $0 (0.0%) | $14,950 – $18,000 | 3 |
| 3BR | $18,000 | +$8,150 (+82.7%) | $0 (0.0%) | $14,950 – $18,000 | 3 |
| 4BR | $5,500 | — | — | $5,500 – $5,500 | 1 |
Median, P25, and P75 are asking rents from listings posted in February 2023. Changes compare against the nearest prior month with data.
Midtown vs. New York City — February 2023
| Bedrooms | Midtown Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $3,525 | $2,260 | +$1,265 (+56.0%) |
| Studio | $4,040 | $2,260 | +$1,780 (+78.8%) |
| Studio | $3,857 | $2,260 | +$1,597 (+70.7%) |
| 1BR | $4,791 | $2,200 | +$2,592 (+117.8%) |
| 1BR | $4,757 | $2,200 | +$2,558 (+116.3%) |
| 1BR | $3,600 | $2,200 | +$1,401 (+63.7%) |
| 2BR | $6,951 | $2,695 | +$4,256 (+157.9%) |
| 2BR | $3,263 | $2,695 | +$568 (+21.1%) |
| 2BR | $7,675 | $2,695 | +$4,980 (+184.8%) |
| 3BR | $18,000 | $3,200 | +$14,800 (+462.5%) |
| 3BR | $18,000 | $3,200 | +$14,800 (+462.5%) |
| 4BR | $5,500 | $3,800 | +$1,700 (+44.7%) |
Citywide figure is the median of zip-level medians across 175 New York City zip codes with listings in February 2023.