Monthly Rent Report
Midtown Rent Report — January 2024
Asking rents in ZIP 10018, New York City, from 73 listings.
Median 1BR rent in Midtown was $2,700 in January 2024, down 34.7% (−$1,435) from December 2023 and down 49.8% year-over-year. The middle half of 1BR listings asked between $2,495 and $2,900. That puts Midtown $350 above the New York City citywide 1BR median of $2,350. The month's figures are based on 73 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. December 2023 | Vs. January 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $3,395 | −$1,005 (-22.8%) | $0 (0.0%) | $3,395 – $3,645 | 3 |
| Studio | $3,476 | −$924 (-21.0%) | +$81 (+2.4%) | $3,337 – $3,880 | 15 |
| Studio | $4,460 | +$60 (+1.4%) | +$1,065 (+31.4%) | $4,460 – $4,460 | 1 |
| 1BR | $2,700 | −$1,435 (-34.7%) | −$2,675 (-49.8%) | $2,495 – $2,900 | 13 |
| 1BR | $2,725 | −$1,410 (-34.1%) | −$2,650 (-49.3%) | $2,575 – $3,988 | 7 |
| 1BR | $4,599 | +$464 (+11.2%) | −$776 (-14.4%) | $4,599 – $4,599 | 1 |
| 2BR | $5,806 | +$831 (+16.7%) | +$89 (+1.6%) | $4,915 – $6,200 | 11 |
| 2BR | $3,500 | −$1,475 (-29.6%) | −$2,217 (-38.8%) | $3,500 – $4,575 | 9 |
| 2BR | $7,319 | +$2,344 (+47.1%) | +$1,602 (+28.0%) | $7,319 – $7,319 | 1 |
| 3BR | $4,288 | −$4,212 (-49.6%) | −$5,562 (-56.5%) | $4,288 – $4,288 | 5 |
| 3BR | $4,288 | −$4,212 (-49.6%) | −$5,562 (-56.5%) | $4,288 – $6,510 | 6 |
| 3BR | $7,500 | −$1,000 (-11.8%) | −$2,350 (-23.9%) | $7,500 – $7,500 | 1 |
Median, P25, and P75 are asking rents from listings posted in January 2024. Changes compare against the nearest prior month with data.
Midtown vs. New York City — January 2024
| Bedrooms | Midtown Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $3,395 | $2,338 | +$1,058 (+45.2%) |
| Studio | $3,476 | $2,338 | +$1,139 (+48.7%) |
| Studio | $4,460 | $2,338 | +$2,123 (+90.8%) |
| 1BR | $2,700 | $2,350 | +$350 (+14.9%) |
| 1BR | $2,725 | $2,350 | +$375 (+16.0%) |
| 1BR | $4,599 | $2,350 | +$2,249 (+95.7%) |
| 2BR | $5,806 | $2,885 | +$2,921 (+101.2%) |
| 2BR | $3,500 | $2,885 | +$615 (+21.3%) |
| 2BR | $7,319 | $2,885 | +$4,434 (+153.7%) |
| 3BR | $4,288 | $3,443 | +$845 (+24.5%) |
| 3BR | $4,288 | $3,443 | +$845 (+24.5%) |
| 3BR | $7,500 | $3,443 | +$4,057 (+117.8%) |
Citywide figure is the median of zip-level medians across 174 New York City zip codes with listings in January 2024.