Monthly Rent Report
Midtown Rent Report — December 2023
Asking rents in ZIP 10018, New York City, from 247 listings.
Median 1BR rent in Midtown was $4,135 in December 2023, down 8.1% (−$365) from November 2023 and down 28.0% year-over-year. The middle half of 1BR listings asked between $4,135 and $4,135. That puts Midtown $1,735 above the New York City citywide 1BR median of $2,400. The month's figures are based on 247 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. November 2023 | Vs. December 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $3,200 | −$336 (-9.5%) | −$1,040 (-24.5%) | $2,470 – $3,373 | 16 |
| Studio | $3,494 | −$42 (-1.2%) | −$746 (-17.6%) | $3,340 – $3,917 | 70 |
| Studio | $4,400 | +$864 (+24.4%) | +$160 (+3.8%) | $4,400 – $4,400 | 1 |
| 1BR | $4,135 | −$365 (-8.1%) | −$1,610 (-28.0%) | $4,135 – $4,135 | 1 |
| 1BR | $2,200 | −$2,300 (-51.1%) | −$3,545 (-61.7%) | $2,200 – $2,200 | 3 |
| 1BR | $4,448 | −$52 (-1.2%) | −$1,297 (-22.6%) | $3,835 – $5,345 | 82 |
| 2BR | $6,855 | +$2,305 (+50.7%) | −$782 (-10.2%) | $4,975 – $7,985 | 53 |
| 2BR | $7,080 | +$2,530 (+55.6%) | −$557 (-7.3%) | $7,080 – $7,080 | 1 |
| 2BR | $4,975 | +$425 (+9.3%) | −$2,662 (-34.9%) | $4,968 – $4,975 | 3 |
| 3BR | $4,500 | +$212 (+4.9%) | −$7,300 (-61.9%) | $4,500 – $4,750 | 3 |
| 3BR | $4,288 | $0 (0.0%) | −$7,512 (-63.7%) | $4,288 – $4,288 | 1 |
| 3BR | $8,500 | +$4,212 (+98.2%) | −$3,300 (-28.0%) | $6,795 – $11,195 | 13 |
Median, P25, and P75 are asking rents from listings posted in December 2023. Changes compare against the nearest prior month with data.
Midtown vs. New York City — December 2023
| Bedrooms | Midtown Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $3,200 | $2,362 | +$838 (+35.5%) |
| Studio | $3,494 | $2,362 | +$1,132 (+47.9%) |
| Studio | $4,400 | $2,362 | +$2,038 (+86.3%) |
| 1BR | $4,135 | $2,400 | +$1,735 (+72.3%) |
| 1BR | $2,200 | $2,400 | −$200 (-8.3%) |
| 1BR | $4,448 | $2,400 | +$2,048 (+85.3%) |
| 2BR | $6,855 | $2,900 | +$3,955 (+136.4%) |
| 2BR | $7,080 | $2,900 | +$4,180 (+144.1%) |
| 2BR | $4,975 | $2,900 | +$2,075 (+71.6%) |
| 3BR | $4,500 | $3,500 | +$1,000 (+28.6%) |
| 3BR | $4,288 | $3,500 | +$788 (+22.5%) |
| 3BR | $8,500 | $3,500 | +$5,000 (+142.9%) |
Citywide figure is the median of zip-level medians across 174 New York City zip codes with listings in December 2023.