Monthly Rent Report
Midtown Rent Report — August 2023
Asking rents in ZIP 10018, New York City, from 40 listings.
Median 1BR rent in Midtown was $5,300 in August 2023, up 29.4% (+$1,205) from July 2023 and up 7.6% year-over-year. The middle half of 1BR listings asked between $5,300 and $5,300. That puts Midtown $2,950 above the New York City citywide 1BR median of $2,350. The month's figures are based on 40 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. July 2023 | Vs. August 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,450 | −$2,137 (-46.6%) | −$1,745 (-41.6%) | $2,450 – $2,450 | 1 |
| Studio | $4,090 | −$497 (-10.8%) | −$105 (-2.5%) | $4,078 – $4,103 | 2 |
| Studio | $3,781 | −$807 (-17.6%) | −$414 (-9.9%) | $3,714 – $3,857 | 4 |
| 1BR | $5,300 | +$1,205 (+29.4%) | +$375 (+7.6%) | $5,300 – $5,300 | 1 |
| 1BR | $4,230 | +$135 (+3.3%) | −$695 (-14.1%) | $4,040 – $4,715 | 3 |
| 1BR | $4,844 | +$749 (+18.3%) | −$81 (-1.6%) | $4,789 – $4,987 | 3 |
| 2BR | $8,094 | +$4,344 (+115.8%) | +$1,392 (+20.8%) | $8,094 – $8,094 | 1 |
| 2BR | $6,693 | +$2,943 (+78.5%) | −$9 (-0.1%) | $6,693 – $6,693 | 1 |
| 2BR | $7,578 | +$3,828 (+102.1%) | +$876 (+13.1%) | $6,969 – $8,129 | 3 |
| 3BR | $7,500 | −$2,350 (-23.9%) | −$4,500 (-37.5%) | $7,250 – $8,748 | 3 |
| 3BR | $8,500 | −$1,350 (-13.7%) | −$3,500 (-29.2%) | $7,875 – $9,000 | 4 |
| 3BR | $10,500 | +$650 (+6.6%) | −$1,500 (-12.5%) | $6,495 – $11,309 | 14 |
Median, P25, and P75 are asking rents from listings posted in August 2023. Changes compare against the nearest prior month with data.
Midtown vs. New York City — August 2023
| Bedrooms | Midtown Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,450 | $2,490 | −$40 (-1.6%) |
| Studio | $4,090 | $2,490 | +$1,600 (+64.3%) |
| Studio | $3,781 | $2,490 | +$1,291 (+51.8%) |
| 1BR | $5,300 | $2,350 | +$2,950 (+125.5%) |
| 1BR | $4,230 | $2,350 | +$1,880 (+80.0%) |
| 1BR | $4,844 | $2,350 | +$2,494 (+106.1%) |
| 2BR | $8,094 | $2,859 | +$5,235 (+183.1%) |
| 2BR | $6,693 | $2,859 | +$3,834 (+134.1%) |
| 2BR | $7,578 | $2,859 | +$4,719 (+165.1%) |
| 3BR | $7,500 | $3,413 | +$4,088 (+119.8%) |
| 3BR | $8,500 | $3,413 | +$5,088 (+149.1%) |
| 3BR | $10,500 | $3,413 | +$7,088 (+207.7%) |
Citywide figure is the median of zip-level medians across 175 New York City zip codes with listings in August 2023.