Monthly Rent Report
Midtown Rent Report — April 2023
Asking rents in ZIP 10018, New York City, from 250 listings.
Median 1BR rent in Midtown was $4,904 in April 2023, up 29.1% (+$1,104) from March 2023 and down 3.5% year-over-year. The middle half of 1BR listings asked between $4,804 and $4,962. That puts Midtown $2,532 above the New York City citywide 1BR median of $2,373. The month's figures are based on 250 listings across 17 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. March 2023 | Vs. April 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $3,951 | +$57 (+1.5%) | +$83 (+2.1%) | $3,947 – $3,956 | 2 |
| Studio | $3,763 | −$131 (-3.4%) | −$105 (-2.7%) | $3,373 – $4,413 | 54 |
| Studio | $3,148 | −$746 (-19.2%) | −$720 (-18.6%) | $2,899 – $3,271 | 4 |
| 1BR | $4,904 | +$1,104 (+29.1%) | −$177 (-3.5%) | $4,804 – $4,962 | 5 |
| 1BR | $5,175 | +$1,375 (+36.2%) | +$94 (+1.9%) | $4,249 – $6,069 | 79 |
| 1BR | $3,798 | −$2 (-0.1%) | −$1,283 (-25.3%) | $2,913 – $4,785 | 12 |
| 2BR | $7,563 | +$1,148 (+17.9%) | +$827 (+12.3%) | $7,383 – $7,742 | 2 |
| 2BR | $7,500 | +$1,085 (+16.9%) | +$764 (+11.3%) | $6,123 – $8,615 | 54 |
| 2BR | $4,173 | −$2,242 (-35.0%) | −$2,563 (-38.1%) | $3,638 – $6,661 | 6 |
| 3BR | $11,000 | −$250 (-2.2%) | +$3,500 (+46.7%) | $8,250 – $14,900 | 7 |
| 3BR | $8,600 | −$2,650 (-23.6%) | +$1,100 (+14.7%) | $7,625 – $11,600 | 10 |
| 3BR | $7,500 | −$3,750 (-33.3%) | $0 (0.0%) | $7,500 – $8,100 | 3 |
| 4BR | $7,500 | −$250 (-3.2%) | −$500 (-6.3%) | $7,250 – $7,625 | 3 |
| 4BR | $7,500 | −$250 (-3.2%) | −$500 (-6.3%) | $7,000 – $7,500 | 5 |
| 4BR | $7,250 | −$500 (-6.5%) | −$750 (-9.4%) | $7,125 – $7,375 | 2 |
Median, P25, and P75 are asking rents from listings posted in April 2023. Changes compare against the nearest prior month with data.
Midtown vs. New York City — April 2023
| Bedrooms | Midtown Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $3,951 | $2,349 | +$1,602 (+68.2%) |
| Studio | $3,763 | $2,349 | +$1,414 (+60.2%) |
| Studio | $3,148 | $2,349 | +$799 (+34.0%) |
| 1BR | $4,904 | $2,373 | +$2,532 (+106.7%) |
| 1BR | $5,175 | $2,373 | +$2,803 (+118.1%) |
| 1BR | $3,798 | $2,373 | +$1,425 (+60.1%) |
| 2BR | $7,563 | $2,795 | +$4,768 (+170.6%) |
| 2BR | $7,500 | $2,795 | +$4,705 (+168.3%) |
| 2BR | $4,173 | $2,795 | +$1,378 (+49.3%) |
| 3BR | $11,000 | $3,200 | +$7,800 (+243.8%) |
| 3BR | $8,600 | $3,200 | +$5,400 (+168.8%) |
| 3BR | $7,500 | $3,200 | +$4,300 (+134.4%) |
| 4BR | $7,500 | $4,148 | +$3,353 (+80.8%) |
| 4BR | $7,500 | $4,148 | +$3,353 (+80.8%) |
| 4BR | $7,250 | $4,148 | +$3,103 (+74.8%) |
Citywide figure is the median of zip-level medians across 175 New York City zip codes with listings in April 2023.