Monthly Rent Report
Midtown Rent Report — September 2023
Asking rents in ZIP 10018, New York City, from 7 listings.
Median 1BR rent in Midtown was $2,495 in September 2023, down 41.0% (−$1,735) from August 2023 and down 16.8% year-over-year. The middle half of 1BR listings asked between $2,495 and $2,495. That puts Midtown in line with the New York City citywide 1BR median of $2,500. The month's figures are based on 7 listings across 6 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. August 2023 | Vs. September 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $4,200 | +$420 (+11.1%) | +$68 (+1.6%) | $4,200 – $4,200 | 1 |
| Studio | $3,000 | −$780 (-20.6%) | −$1,132 (-27.4%) | $3,000 – $3,000 | 1 |
| 1BR | $2,495 | −$1,735 (-41.0%) | −$505 (-16.8%) | $2,495 – $2,495 | 2 |
| 1BR | $5,816 | +$1,586 (+37.5%) | +$2,816 (+93.9%) | $5,816 – $5,816 | 1 |
| 2BR | $3,995 | −$3,583 (-47.3%) | −$4,114 (-50.7%) | $3,995 – $3,995 | 1 |
| 3BR | $9,686 | −$814 (-7.8%) | +$891 (+10.1%) | $9,686 – $9,686 | 1 |
Median, P25, and P75 are asking rents from listings posted in September 2023. Changes compare against the nearest prior month with data.
Midtown vs. New York City — September 2023
| Bedrooms | Midtown Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $4,200 | $2,400 | +$1,800 (+75.0%) |
| Studio | $3,000 | $2,400 | +$600 (+25.0%) |
| 1BR | $2,495 | $2,500 | −$5 (-0.2%) |
| 1BR | $5,816 | $2,500 | +$3,316 (+132.6%) |
| 2BR | $3,995 | $3,000 | +$995 (+33.2%) |
| 3BR | $9,686 | $3,500 | +$6,186 (+176.7%) |
Citywide figure is the median of zip-level medians across 175 New York City zip codes with listings in September 2023.