Monthly Rent Report
Midtown Rent Report — July 2024
Asking rents in ZIP 10018, New York City, from 373 listings.
Median 1BR rent in Midtown was $4,851 in July 2024, down 7.1% (−$372) from June 2024 and up 18.5% year-over-year. The middle half of 1BR listings asked between $4,300 and $5,500. That puts Midtown $2,351 above the New York City citywide 1BR median of $2,500. The month's figures are based on 373 listings across 14 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. June 2024 | Vs. July 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $4,100 | +$115 (+2.9%) | +$1,513 (+58.5%) | $3,880 – $4,695 | 59 |
| Studio | $3,951 | −$34 (-0.9%) | +$1,364 (+52.7%) | $3,951 – $3,951 | 1 |
| Studio | $3,890 | −$95 (-2.4%) | +$1,302 (+50.3%) | $3,680 – $4,103 | 28 |
| 1BR | $4,851 | −$372 (-7.1%) | +$756 (+18.5%) | $4,300 – $5,500 | 41 |
| 1BR | $5,742 | +$519 (+9.9%) | +$1,647 (+40.2%) | $5,215 – $5,995 | 4 |
| 1BR | $5,200 | −$23 (-0.4%) | +$1,105 (+27.0%) | $4,700 – $5,304 | 151 |
| 2BR | $8,284 | +$484 (+6.2%) | +$311 (+3.9%) | $8,010 – $8,557 | 2 |
| 2BR | $7,925 | +$125 (+1.6%) | −$47 (-0.6%) | $5,467 – $8,496 | 19 |
| 2BR | $7,965 | +$165 (+2.1%) | −$7 (-0.1%) | $5,150 – $9,393 | 35 |
| 3BR | $6,600 | −$450 (-6.4%) | −$4,136 (-38.5%) | $5,300 – $6,748 | 7 |
| 3BR | $6,025 | −$1,025 (-14.5%) | −$4,711 (-43.9%) | $5,900 – $7,388 | 12 |
| 3BR | $10,213 | +$3,163 (+44.9%) | −$523 (-4.9%) | $9,606 – $10,819 | 2 |
| 4BR | $7,725 | +$225 (+3.0%) | +$726 (+10.4%) | $7,500 – $8,463 | 8 |
| 4BR | $7,725 | +$225 (+3.0%) | +$726 (+10.4%) | $7,500 – $8,463 | 4 |
Median, P25, and P75 are asking rents from listings posted in July 2024. Changes compare against the nearest prior month with data.
Midtown vs. New York City — July 2024
| Bedrooms | Midtown Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $4,100 | $2,800 | +$1,300 (+46.4%) |
| Studio | $3,951 | $2,800 | +$1,151 (+41.1%) |
| Studio | $3,890 | $2,800 | +$1,090 (+38.9%) |
| 1BR | $4,851 | $2,500 | +$2,351 (+94.0%) |
| 1BR | $5,742 | $2,500 | +$3,242 (+129.7%) |
| 1BR | $5,200 | $2,500 | +$2,700 (+108.0%) |
| 2BR | $8,284 | $3,000 | +$5,284 (+176.1%) |
| 2BR | $7,925 | $3,000 | +$4,925 (+164.2%) |
| 2BR | $7,965 | $3,000 | +$4,965 (+165.5%) |
| 3BR | $6,600 | $3,606 | +$2,994 (+83.0%) |
| 3BR | $6,025 | $3,606 | +$2,419 (+67.1%) |
| 3BR | $10,213 | $3,606 | +$6,607 (+183.2%) |
| 4BR | $7,725 | $4,500 | +$3,225 (+71.7%) |
| 4BR | $7,725 | $4,500 | +$3,225 (+71.7%) |
Citywide figure is the median of zip-level medians across 176 New York City zip codes with listings in July 2024.