Monthly Rent Report
Midtown Rent Report — August 2024
Asking rents in ZIP 10018, New York City, from 5 listings.
Median 1BR rent in Midtown was $4,538 in August 2024, down 12.7% (−$662) from July 2024 and down 14.4% year-over-year. The middle half of 1BR listings asked between $4,538 and $4,538. That puts Midtown $2,148 above the New York City citywide 1BR median of $2,390. The month's figures are based on 5 listings across 4 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. July 2024 | Vs. August 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $3,662 | −$289 (-7.3%) | −$118 (-3.1%) | $3,662 – $3,662 | 1 |
| 1BR | $4,538 | −$662 (-12.7%) | −$762 (-14.4%) | $4,538 – $4,538 | 1 |
| 2BR | $12,400 | +$4,475 (+56.5%) | +$5,707 (+85.3%) | $11,950 – $12,850 | 2 |
| 3BR | $9,580 | +$2,980 (+45.2%) | +$2,080 (+27.7%) | $9,580 – $9,580 | 1 |
Median, P25, and P75 are asking rents from listings posted in August 2024. Changes compare against the nearest prior month with data.
Midtown vs. New York City — August 2024
| Bedrooms | Midtown Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $3,662 | $2,500 | +$1,162 (+46.5%) |
| 1BR | $4,538 | $2,390 | +$2,148 (+89.9%) |
| 2BR | $12,400 | $2,900 | +$9,500 (+327.6%) |
| 3BR | $9,580 | $3,603 | +$5,977 (+165.9%) |
Citywide figure is the median of zip-level medians across 176 New York City zip codes with listings in August 2024.