Monthly Rent Report
Midtown Rent Report — February 2024
Asking rents in ZIP 10018, New York City, from 218 listings.
Median 1BR rent in Midtown was $7,248 in February 2024, up 57.6% (+$2,649) from January 2024 and up 101.3% year-over-year. The middle half of 1BR listings asked between $6,800 and $7,366. That puts Midtown $4,798 above the New York City citywide 1BR median of $2,450. The month's figures are based on 218 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. January 2024 | Vs. February 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $4,361 | +$885 (+25.5%) | +$504 (+13.1%) | $4,361 – $4,361 | 1 |
| Studio | $3,875 | +$399 (+11.5%) | +$18 (+0.5%) | $3,469 – $4,118 | 51 |
| Studio | $3,290 | −$186 (-5.4%) | −$567 (-14.7%) | $2,793 – $3,849 | 3 |
| 1BR | $7,248 | +$2,649 (+57.6%) | +$3,648 (+101.3%) | $6,800 – $7,366 | 4 |
| 1BR | $3,000 | −$1,599 (-34.8%) | −$600 (-16.7%) | $2,450 – $4,144 | 12 |
| 1BR | $5,185 | +$586 (+12.7%) | +$1,585 (+44.0%) | $4,395 – $5,846 | 64 |
| 2BR | $3,450 | −$50 (-1.4%) | +$188 (+5.7%) | $3,000 – $4,561 | 12 |
| 2BR | $6,530 | +$3,030 (+86.6%) | +$3,268 (+100.2%) | $4,975 – $8,373 | 57 |
| 2BR | $5,410 | +$1,910 (+54.6%) | +$2,148 (+65.8%) | $5,410 – $5,410 | 1 |
| 3BR | $6,125 | +$1,837 (+42.8%) | −$11,875 (-66.0%) | $6,000 – $6,311 | 4 |
| 3BR | $4,288 | $0 (0.0%) | −$13,712 (-76.2%) | $4,288 – $4,288 | 2 |
| 3BR | $6,350 | +$2,062 (+48.1%) | −$11,650 (-64.7%) | $5,269 – $6,423 | 7 |
Median, P25, and P75 are asking rents from listings posted in February 2024. Changes compare against the nearest prior month with data.
Midtown vs. New York City — February 2024
| Bedrooms | Midtown Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $4,361 | $2,359 | +$2,002 (+84.9%) |
| Studio | $3,875 | $2,359 | +$1,516 (+64.3%) |
| Studio | $3,290 | $2,359 | +$931 (+39.5%) |
| 1BR | $7,248 | $2,450 | +$4,798 (+195.8%) |
| 1BR | $3,000 | $2,450 | +$550 (+22.4%) |
| 1BR | $5,185 | $2,450 | +$2,735 (+111.6%) |
| 2BR | $3,450 | $2,979 | +$471 (+15.8%) |
| 2BR | $6,530 | $2,979 | +$3,551 (+119.2%) |
| 2BR | $5,410 | $2,979 | +$2,431 (+81.6%) |
| 3BR | $6,125 | $3,500 | +$2,625 (+75.0%) |
| 3BR | $4,288 | $3,500 | +$788 (+22.5%) |
| 3BR | $6,350 | $3,500 | +$2,850 (+81.4%) |
Citywide figure is the median of zip-level medians across 174 New York City zip codes with listings in February 2024.