Monthly Rent Report
Midtown Rent Report — December 2024
Asking rents in ZIP 10018, New York City, from 21 listings.
Median 1BR rent in Midtown was $3,581 in December 2024, down 32.8% (−$1,744) from November 2024 and up 62.7% year-over-year. The middle half of 1BR listings asked between $3,361 and $3,800. That puts Midtown $1,101 above the New York City citywide 1BR median of $2,480. The month's figures are based on 21 listings across 8 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. November 2024 | Vs. December 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $3,955 | −$182 (-4.4%) | +$755 (+23.6%) | $3,955 – $3,955 | 1 |
| Studio | $3,746 | −$391 (-9.5%) | +$546 (+17.0%) | $3,641 – $3,850 | 2 |
| 1BR | $3,581 | −$1,744 (-32.8%) | +$1,381 (+62.7%) | $3,361 – $3,800 | 4 |
| 1BR | $4,843 | −$482 (-9.1%) | +$2,643 (+120.1%) | $4,843 – $4,843 | 1 |
| 2BR | $5,425 | −$1,183 (-17.9%) | +$450 (+9.0%) | $5,000 – $6,295 | 9 |
| 2BR | $6,690 | +$82 (+1.2%) | +$1,715 (+34.5%) | $6,523 – $6,857 | 2 |
| 3BR | $5,890 | −$4,370 (-42.6%) | +$1,602 (+37.4%) | $5,890 – $5,890 | 1 |
| 3BR | $5,890 | −$4,370 (-42.6%) | +$1,602 (+37.4%) | $5,890 – $5,890 | 1 |
Median, P25, and P75 are asking rents from listings posted in December 2024. Changes compare against the nearest prior month with data.
Midtown vs. New York City — December 2024
| Bedrooms | Midtown Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $3,955 | $2,525 | +$1,430 (+56.6%) |
| Studio | $3,746 | $2,525 | +$1,221 (+48.3%) |
| 1BR | $3,581 | $2,480 | +$1,101 (+44.4%) |
| 1BR | $4,843 | $2,480 | +$2,364 (+95.3%) |
| 2BR | $5,425 | $2,975 | +$2,450 (+82.4%) |
| 2BR | $6,690 | $2,975 | +$3,715 (+124.9%) |
| 3BR | $5,890 | $3,546 | +$2,345 (+66.1%) |
| 3BR | $5,890 | $3,546 | +$2,345 (+66.1%) |
Citywide figure is the median of zip-level medians across 175 New York City zip codes with listings in December 2024.