Monthly Rent Report
Midtown Rent Report — July 2023
Asking rents in ZIP 10018, New York City, from 98 listings.
Median 1BR rent in Midtown was $5,800 in July 2023, down 14.1% (−$950) from June 2023 and up 16.1% year-over-year. The middle half of 1BR listings asked between $5,800 and $5,800. That puts Midtown $3,350 above the New York City citywide 1BR median of $2,450. The month's figures are based on 98 listings across 15 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. June 2023 | Vs. July 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $4,588 | +$821 (+21.8%) | +$793 (+20.9%) | $3,728 – $5,205 | 18 |
| Studio | $3,820 | +$53 (+1.4%) | +$25 (+0.7%) | $3,820 – $3,820 | 1 |
| Studio | $2,588 | −$1,179 (-31.3%) | −$1,207 (-31.8%) | $2,441 – $2,734 | 2 |
| 1BR | $5,800 | −$950 (-14.1%) | +$805 (+16.1%) | $5,800 – $5,800 | 1 |
| 1BR | $5,550 | −$1,200 (-17.8%) | +$555 (+11.1%) | $4,538 – $6,655 | 32 |
| 1BR | $4,095 | −$2,655 (-39.3%) | −$900 (-18.0%) | $4,095 – $4,095 | 1 |
| 2BR | $3,750 | −$1,595 (-29.8%) | −$2,797 (-42.7%) | $3,025 – $4,275 | 3 |
| 2BR | $7,901 | +$2,556 (+47.8%) | +$1,354 (+20.7%) | $7,601 – $8,200 | 2 |
| 2BR | $7,973 | +$2,628 (+49.2%) | +$1,426 (+21.8%) | $6,224 – $9,334 | 26 |
| 3BR | $11,500 | +$7,000 (+155.6%) | −$1,000 (-8.0%) | $8,248 – $13,750 | 3 |
| 3BR | $9,850 | +$5,350 (+118.9%) | −$2,650 (-21.2%) | $6,775 – $12,925 | 2 |
| 3BR | $10,736 | +$6,236 (+138.6%) | −$1,764 (-14.1%) | $10,736 – $10,736 | 1 |
| 4BR | $7,750 | +$751 (+10.7%) | −$2,245 (-22.5%) | $7,750 – $7,750 | 1 |
| 4BR | $7,375 | +$376 (+5.4%) | −$2,620 (-26.2%) | $6,749 – $7,750 | 4 |
| 4BR | $6,999 | $0 (0.0%) | −$2,996 (-30.0%) | $6,999 – $6,999 | 1 |
Median, P25, and P75 are asking rents from listings posted in July 2023. Changes compare against the nearest prior month with data.
Midtown vs. New York City — July 2023
| Bedrooms | Midtown Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $4,588 | $2,498 | +$2,090 (+83.7%) |
| Studio | $3,820 | $2,498 | +$1,323 (+53.0%) |
| Studio | $2,588 | $2,498 | +$90 (+3.6%) |
| 1BR | $5,800 | $2,450 | +$3,350 (+136.7%) |
| 1BR | $5,550 | $2,450 | +$3,100 (+126.5%) |
| 1BR | $4,095 | $2,450 | +$1,645 (+67.1%) |
| 2BR | $3,750 | $2,800 | +$950 (+33.9%) |
| 2BR | $7,901 | $2,800 | +$5,101 (+182.2%) |
| 2BR | $7,973 | $2,800 | +$5,173 (+184.7%) |
| 3BR | $11,500 | $3,400 | +$8,100 (+238.3%) |
| 3BR | $9,850 | $3,400 | +$6,450 (+189.7%) |
| 3BR | $10,736 | $3,400 | +$7,336 (+215.8%) |
| 4BR | $7,750 | $4,200 | +$3,550 (+84.5%) |
| 4BR | $7,375 | $4,200 | +$3,175 (+75.6%) |
| 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 July 2023.