Monthly Rent Report
Midtown Rent Report — March 2023
Asking rents in ZIP 10018, New York City, from 173 listings.
Median 1BR rent in Midtown was $4,949 in March 2023, up 37.5% (+$1,349) from February 2023 and up 10.4% year-over-year. The middle half of 1BR listings asked between $4,163 and $6,533. That puts Midtown $2,650 above the New York City citywide 1BR median of $2,299. The month's figures are based on 173 listings across 13 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. February 2023 | Vs. March 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $3,894 | −$146 (-3.6%) | +$26 (+0.7%) | $3,700 – $4,400 | 41 |
| Studio | $2,995 | −$1,045 (-25.9%) | −$873 (-22.6%) | $2,924 – $3,449 | 6 |
| Studio | $4,012 | −$28 (-0.7%) | +$144 (+3.7%) | $3,672 – $4,476 | 4 |
| 1BR | $4,949 | +$1,349 (+37.5%) | +$467 (+10.4%) | $4,163 – $6,533 | 52 |
| 1BR | $5,239 | +$1,639 (+45.5%) | +$757 (+16.9%) | $5,135 – $5,344 | 2 |
| 1BR | $3,800 | +$200 (+5.6%) | −$682 (-15.2%) | $3,044 – $4,243 | 10 |
| 2BR | $6,415 | −$1,260 (-16.4%) | +$795 (+14.1%) | $4,400 – $7,821 | 42 |
| 2BR | $7,300 | −$375 (-4.9%) | +$1,680 (+29.9%) | $7,300 – $7,300 | 1 |
| 2BR | $4,200 | −$3,475 (-45.3%) | −$1,420 (-25.3%) | $3,075 – $5,748 | 11 |
| 3BR | $11,250 | −$6,750 (-37.5%) | −$745 (-6.2%) | $11,250 – $11,250 | 1 |
| 3BR | $11,250 | −$6,750 (-37.5%) | −$745 (-6.2%) | $11,250 – $11,250 | 1 |
| 4BR | $7,750 | +$2,250 (+40.9%) | +$2,250 (+40.9%) | $7,750 – $7,750 | 1 |
| 4BR | $7,750 | +$2,250 (+40.9%) | +$2,250 (+40.9%) | $7,750 – $7,750 | 1 |
Median, P25, and P75 are asking rents from listings posted in March 2023. Changes compare against the nearest prior month with data.
Midtown vs. New York City — March 2023
| Bedrooms | Midtown Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $3,894 | $2,200 | +$1,694 (+77.0%) |
| Studio | $2,995 | $2,200 | +$795 (+36.1%) |
| Studio | $4,012 | $2,200 | +$1,812 (+82.4%) |
| 1BR | $4,949 | $2,299 | +$2,650 (+115.3%) |
| 1BR | $5,239 | $2,299 | +$2,940 (+127.9%) |
| 1BR | $3,800 | $2,299 | +$1,501 (+65.3%) |
| 2BR | $6,415 | $2,650 | +$3,765 (+142.1%) |
| 2BR | $7,300 | $2,650 | +$4,650 (+175.5%) |
| 2BR | $4,200 | $2,650 | +$1,550 (+58.5%) |
| 3BR | $11,250 | $3,200 | +$8,050 (+251.6%) |
| 3BR | $11,250 | $3,200 | +$8,050 (+251.6%) |
| 4BR | $7,750 | $3,995 | +$3,755 (+94.0%) |
| 4BR | $7,750 | $3,995 | +$3,755 (+94.0%) |
Citywide figure is the median of zip-level medians across 174 New York City zip codes with listings in March 2023.