Monthly Rent Report
Midtown Rent Report — November 2023
Asking rents in ZIP 10018, New York City, from 244 listings.
Median 1BR rent in Midtown was $2,800 in November 2023, down 53.6% (−$3,234) from October 2023 and down 60.9% year-over-year. The middle half of 1BR listings asked between $2,548 and $3,195. That puts Midtown $400 above the New York City citywide 1BR median of $2,400. The month's figures are based on 244 listings across 14 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. October 2023 | Vs. November 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,095 | −$1,555 (-42.6%) | −$250 (-10.7%) | $2,095 – $2,095 | 1 |
| Studio | $3,536 | −$114 (-3.1%) | +$1,191 (+50.8%) | $3,390 – $3,891 | 51 |
| Studio | $4,100 | +$450 (+12.3%) | +$1,755 (+74.8%) | $4,100 – $4,100 | 1 |
| 1BR | $2,800 | −$3,234 (-53.6%) | −$4,352 (-60.9%) | $2,548 – $3,195 | 20 |
| 1BR | $4,782 | −$1,252 (-20.7%) | −$2,370 (-33.1%) | $4,666 – $4,880 | 3 |
| 1BR | $4,500 | −$1,534 (-25.4%) | −$2,652 (-37.1%) | $3,770 – $5,495 | 73 |
| 2BR | $4,550 | −$450 (-9.0%) | −$3,124 (-40.7%) | $2,750 – $6,605 | 23 |
| 2BR | $6,578 | +$1,578 (+31.6%) | −$1,096 (-14.3%) | $4,962 – $8,238 | 52 |
| 2BR | $7,265 | +$2,265 (+45.3%) | −$409 (-5.3%) | $7,149 – $7,380 | 2 |
| 3BR | $4,288 | −$2,755 (-39.1%) | −$8,707 (-67.0%) | $4,166 – $4,288 | 4 |
| 3BR | $4,288 | −$2,755 (-39.1%) | −$8,707 (-67.0%) | $4,288 – $4,288 | 2 |
| 3BR | $7,875 | +$832 (+11.8%) | −$5,120 (-39.4%) | $6,845 – $10,721 | 10 |
Median, P25, and P75 are asking rents from listings posted in November 2023. Changes compare against the nearest prior month with data.
Midtown vs. New York City — November 2023
| Bedrooms | Midtown Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,095 | $2,395 | −$300 (-12.5%) |
| Studio | $3,536 | $2,395 | +$1,141 (+47.6%) |
| Studio | $4,100 | $2,395 | +$1,705 (+71.2%) |
| 1BR | $2,800 | $2,400 | +$400 (+16.7%) |
| 1BR | $4,782 | $2,400 | +$2,382 (+99.3%) |
| 1BR | $4,500 | $2,400 | +$2,100 (+87.5%) |
| 2BR | $4,550 | $2,798 | +$1,753 (+62.6%) |
| 2BR | $6,578 | $2,798 | +$3,780 (+135.1%) |
| 2BR | $7,265 | $2,798 | +$4,467 (+159.7%) |
| 3BR | $4,288 | $3,300 | +$988 (+29.9%) |
| 3BR | $4,288 | $3,300 | +$988 (+29.9%) |
| 3BR | $7,875 | $3,300 | +$4,575 (+138.6%) |
Citywide figure is the median of zip-level medians across 175 New York City zip codes with listings in November 2023.