Monthly Rent Report
Midtown Rent Report — March 2024
Asking rents in ZIP 10018, New York City, from 261 listings.
Median 1BR rent in Midtown was $5,188 in March 2024, down 28.4% (−$2,059) from February 2024 and up 4.8% year-over-year. The middle half of 1BR listings asked between $4,514 and $6,270. That puts Midtown $2,689 above the New York City citywide 1BR median of $2,499. The month's figures are based on 261 listings across 17 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. February 2024 | Vs. March 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $4,089 | +$214 (+5.5%) | +$1,094 (+36.5%) | $3,317 – $4,422 | 41 |
| Studio | $4,360 | +$485 (+12.5%) | +$1,365 (+45.6%) | $4,360 – $4,360 | 1 |
| Studio | $4,200 | +$325 (+8.4%) | +$1,205 (+40.2%) | $3,447 – $5,063 | 27 |
| 1BR | $5,188 | −$2,059 (-28.4%) | +$239 (+4.8%) | $4,514 – $6,270 | 56 |
| 1BR | $4,888 | −$2,359 (-32.6%) | −$61 (-1.2%) | $4,888 – $4,888 | 1 |
| 1BR | $5,300 | −$1,947 (-26.9%) | +$351 (+7.1%) | $4,750 – $5,400 | 51 |
| 2BR | $7,654 | +$1,124 (+17.2%) | +$354 (+4.8%) | $7,163 – $8,144 | 2 |
| 2BR | $8,373 | +$1,843 (+28.2%) | +$1,073 (+14.7%) | $3,950 – $9,393 | 21 |
| 2BR | $6,232 | −$298 (-4.6%) | −$1,068 (-14.6%) | $3,725 – $8,373 | 32 |
| 3BR | $7,694 | +$1,344 (+21.2%) | −$3,556 (-31.6%) | $3,888 – $11,500 | 6 |
| 3BR | $6,148 | −$202 (-3.2%) | −$5,102 (-45.4%) | $3,988 – $6,336 | 10 |
| 3BR | $6,295 | −$55 (-0.9%) | −$4,955 (-44.0%) | $6,000 – $6,350 | 5 |
| 4BR | $8,850 | — | +$1,100 (+14.2%) | $8,850 – $8,850 | 1 |
| 4BR | $8,850 | — | +$1,100 (+14.2%) | $8,850 – $8,850 | 1 |
| 4BR | $8,850 | — | +$1,100 (+14.2%) | $8,850 – $8,850 | 3 |
Median, P25, and P75 are asking rents from listings posted in March 2024. Changes compare against the nearest prior month with data.
Midtown vs. New York City — March 2024
| Bedrooms | Midtown Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $4,089 | $2,450 | +$1,639 (+66.9%) |
| Studio | $4,360 | $2,450 | +$1,910 (+78.0%) |
| Studio | $4,200 | $2,450 | +$1,750 (+71.4%) |
| 1BR | $5,188 | $2,499 | +$2,689 (+107.6%) |
| 1BR | $4,888 | $2,499 | +$2,389 (+95.6%) |
| 1BR | $5,300 | $2,499 | +$2,801 (+112.1%) |
| 2BR | $7,654 | $2,995 | +$4,659 (+155.6%) |
| 2BR | $8,373 | $2,995 | +$5,379 (+179.6%) |
| 2BR | $6,232 | $2,995 | +$3,237 (+108.1%) |
| 3BR | $7,694 | $3,500 | +$4,194 (+119.8%) |
| 3BR | $6,148 | $3,500 | +$2,648 (+75.6%) |
| 3BR | $6,295 | $3,500 | +$2,795 (+79.9%) |
| 4BR | $8,850 | $4,250 | +$4,601 (+108.3%) |
| 4BR | $8,850 | $4,250 | +$4,601 (+108.3%) |
| 4BR | $8,850 | $4,250 | +$4,601 (+108.3%) |
Citywide figure is the median of zip-level medians across 175 New York City zip codes with listings in March 2024.