Monthly Rent Report
Midtown Rent Report — June 2023
Asking rents in ZIP 10018, New York City, from 269 listings.
Median 1BR rent in Midtown was $6,750 in June 2023, up 31.8% (+$1,629) from May 2023 and up 159.6% year-over-year. The middle half of 1BR listings asked between $6,750 and $6,750. That puts Midtown $4,263 above the New York City citywide 1BR median of $2,488. The month's figures are based on 269 listings across 15 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. May 2023 | Vs. June 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $4,495 | +$822 (+22.4%) | +$478 (+11.9%) | $4,070 – $4,570 | 7 |
| Studio | $3,767 | +$94 (+2.6%) | −$250 (-6.2%) | $3,541 – $4,430 | 69 |
| 1BR | $6,750 | +$1,629 (+31.8%) | +$4,150 (+159.6%) | $6,750 – $6,750 | 1 |
| 1BR | $5,376 | +$255 (+5.0%) | +$2,776 (+106.8%) | $5,113 – $6,052 | 7 |
| 1BR | $5,500 | +$379 (+7.4%) | +$2,900 (+111.5%) | $4,524 – $6,500 | 93 |
| 2BR | $7,920 | −$368 (-4.4%) | +$452 (+6.1%) | $6,429 – $8,654 | 64 |
| 2BR | $5,345 | −$2,943 (-35.5%) | −$2,123 (-28.4%) | $5,270 – $5,420 | 2 |
| 2BR | $7,897 | −$391 (-4.7%) | +$429 (+5.7%) | $7,783 – $8,135 | 4 |
| 3BR | $4,500 | −$3,000 (-40.0%) | −$500 (-10.0%) | $4,500 – $4,500 | 1 |
| 3BR | $5,373 | −$2,127 (-28.4%) | +$373 (+7.4%) | $5,250 – $6,438 | 10 |
| 3BR | $4,500 | −$3,000 (-40.0%) | −$500 (-10.0%) | $4,500 – $4,500 | 3 |
| 4BR | $6,999 | $0 (-0.0%) | — | $6,999 – $7,949 | 3 |
| 4BR | $6,999 | $0 (-0.0%) | — | $6,999 – $7,949 | 3 |
Median, P25, and P75 are asking rents from listings posted in June 2023. Changes compare against the nearest prior month with data.
Midtown vs. New York City — June 2023
| Bedrooms | Midtown Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $4,495 | $2,500 | +$1,995 (+79.8%) |
| Studio | $3,767 | $2,500 | +$1,267 (+50.7%) |
| 1BR | $6,750 | $2,488 | +$4,263 (+171.4%) |
| 1BR | $5,376 | $2,488 | +$2,889 (+116.1%) |
| 1BR | $5,500 | $2,488 | +$3,013 (+121.1%) |
| 2BR | $7,920 | $2,828 | +$5,092 (+180.0%) |
| 2BR | $5,345 | $2,828 | +$2,517 (+89.0%) |
| 2BR | $7,897 | $2,828 | +$5,069 (+179.2%) |
| 3BR | $4,500 | $3,300 | +$1,200 (+36.4%) |
| 3BR | $5,373 | $3,300 | +$2,073 (+62.8%) |
| 3BR | $4,500 | $3,300 | +$1,200 (+36.4%) |
| 4BR | $6,999 | $4,200 | +$2,799 (+66.6%) |
| 4BR | $6,999 | $4,200 | +$2,799 (+66.6%) |
Citywide figure is the median of zip-level medians across 174 New York City zip codes with listings in June 2023.