Monthly Rent Report
Midtown Rent Report — May 2024
Asking rents in ZIP 10018, New York City, from 637 listings.
Median 1BR rent in Midtown was $5,200 in May 2024, up 1.5% (+$78) from April 2024 and up 53.2% year-over-year. The middle half of 1BR listings asked between $4,698 and $5,475. That puts Midtown $2,775 above the New York City citywide 1BR median of $2,425. The month's figures are based on 637 listings across 15 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. April 2024 | Vs. May 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $4,271 | −$792 (-15.6%) | +$504 (+13.4%) | $3,785 – $4,948 | 140 |
| Studio | $3,988 | −$1,075 (-21.2%) | +$221 (+5.9%) | $3,605 – $4,350 | 42 |
| Studio | $3,625 | −$1,438 (-28.4%) | −$142 (-3.8%) | $3,625 – $3,625 | 1 |
| 1BR | $5,200 | +$78 (+1.5%) | +$1,805 (+53.2%) | $4,698 – $5,475 | 235 |
| 1BR | $5,436 | +$313 (+6.1%) | +$2,041 (+60.1%) | $5,163 – $5,690 | 4 |
| 1BR | $5,000 | −$122 (-2.4%) | +$1,605 (+47.3%) | $4,341 – $5,600 | 55 |
| 2BR | $6,631 | +$31 (+0.5%) | −$1,657 (-20.0%) | $4,671 – $8,075 | 24 |
| 2BR | $4,900 | −$1,700 (-25.8%) | −$3,388 (-40.9%) | $4,900 – $4,900 | 1 |
| 2BR | $7,600 | +$1,000 (+15.2%) | −$688 (-8.3%) | $6,417 – $9,393 | 69 |
| 3BR | $6,050 | −$450 (-6.9%) | −$1,450 (-19.3%) | $4,500 – $8,700 | 13 |
| 3BR | $6,650 | +$150 (+2.3%) | −$850 (-11.3%) | $6,000 – $8,999 | 25 |
| 3BR | $7,148 | +$648 (+10.0%) | −$352 (-4.7%) | $6,538 – $11,475 | 12 |
| 4BR | $6,495 | −$2,380 (-26.8%) | −$505 (-7.2%) | $6,495 – $6,495 | 2 |
| 4BR | $7,500 | −$1,375 (-15.5%) | +$500 (+7.1%) | $6,998 – $10,000 | 11 |
| 4BR | $7,500 | −$1,375 (-15.5%) | +$500 (+7.1%) | $7,500 – $8,750 | 3 |
Median, P25, and P75 are asking rents from listings posted in May 2024. Changes compare against the nearest prior month with data.
Midtown vs. New York City — May 2024
| Bedrooms | Midtown Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $4,271 | $2,350 | +$1,921 (+81.7%) |
| Studio | $3,988 | $2,350 | +$1,638 (+69.7%) |
| Studio | $3,625 | $2,350 | +$1,275 (+54.3%) |
| 1BR | $5,200 | $2,425 | +$2,775 (+114.4%) |
| 1BR | $5,436 | $2,425 | +$3,011 (+124.1%) |
| 1BR | $5,000 | $2,425 | +$2,575 (+106.2%) |
| 2BR | $6,631 | $2,914 | +$3,717 (+127.6%) |
| 2BR | $4,900 | $2,914 | +$1,987 (+68.2%) |
| 2BR | $7,600 | $2,914 | +$4,687 (+160.9%) |
| 3BR | $6,050 | $3,600 | +$2,450 (+68.1%) |
| 3BR | $6,650 | $3,600 | +$3,050 (+84.7%) |
| 3BR | $7,148 | $3,600 | +$3,548 (+98.5%) |
| 4BR | $6,495 | $4,250 | +$2,245 (+52.8%) |
| 4BR | $7,500 | $4,250 | +$3,250 (+76.5%) |
| 4BR | $7,500 | $4,250 | +$3,250 (+76.5%) |
Citywide figure is the median of zip-level medians across 176 New York City zip codes with listings in May 2024.