Monthly Rent Report
Midtown Rent Report — October 2023
Asking rents in ZIP 10018, New York City, from 92 listings.
Median 1BR rent in Midtown was $2,700 in October 2023, down 53.6% (−$3,116) from September 2023 and down 48.8% year-over-year. The middle half of 1BR listings asked between $2,388 and $3,586. That puts Midtown $250 above the New York City citywide 1BR median of $2,450. The month's figures are based on 92 listings across 14 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. September 2023 | Vs. October 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $4,053 | +$1,053 (+35.1%) | −$1,217 (-23.1%) | $4,053 – $4,053 | 1 |
| Studio | $3,650 | +$650 (+21.7%) | −$1,620 (-30.7%) | $3,650 – $3,650 | 1 |
| Studio | $3,626 | +$626 (+20.9%) | −$1,644 (-31.2%) | $3,518 – $3,748 | 19 |
| 1BR | $2,700 | −$3,116 (-53.6%) | −$2,569 (-48.8%) | $2,388 – $3,586 | 4 |
| 1BR | $6,034 | +$218 (+3.7%) | +$765 (+14.5%) | $6,034 – $6,034 | 1 |
| 1BR | $4,506 | −$1,310 (-22.5%) | −$763 (-14.5%) | $4,317 – $4,886 | 16 |
| 2BR | $8,373 | +$4,378 (+109.6%) | +$500 (+6.4%) | $8,373 – $8,373 | 1 |
| 2BR | $5,000 | +$1,005 (+25.2%) | −$2,872 (-36.5%) | $4,621 – $7,793 | 8 |
| 2BR | $10,000 | +$6,005 (+150.3%) | +$2,128 (+27.0%) | $6,750 – $11,000 | 7 |
| 3BR | $7,043 | −$2,643 (-27.3%) | −$1,452 (-17.1%) | $4,200 – $10,058 | 4 |
| 3BR | $7,000 | −$2,686 (-27.7%) | −$1,495 (-17.6%) | $6,313 – $7,000 | 4 |
| 3BR | $7,250 | −$2,436 (-25.1%) | −$1,245 (-14.7%) | $6,995 – $10,055 | 24 |
Median, P25, and P75 are asking rents from listings posted in October 2023. Changes compare against the nearest prior month with data.
Midtown vs. New York City — October 2023
| Bedrooms | Midtown Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $4,053 | $2,411 | +$1,643 (+68.1%) |
| Studio | $3,650 | $2,411 | +$1,240 (+51.4%) |
| Studio | $3,626 | $2,411 | +$1,216 (+50.4%) |
| 1BR | $2,700 | $2,450 | +$250 (+10.2%) |
| 1BR | $6,034 | $2,450 | +$3,584 (+146.3%) |
| 1BR | $4,506 | $2,450 | +$2,056 (+83.9%) |
| 2BR | $8,373 | $2,900 | +$5,473 (+188.7%) |
| 2BR | $5,000 | $2,900 | +$2,100 (+72.4%) |
| 2BR | $10,000 | $2,900 | +$7,100 (+244.8%) |
| 3BR | $7,043 | $3,349 | +$3,694 (+110.3%) |
| 3BR | $7,000 | $3,349 | +$3,651 (+109.0%) |
| 3BR | $7,250 | $3,349 | +$3,901 (+116.5%) |
Citywide figure is the median of zip-level medians across 174 New York City zip codes with listings in October 2023.