Monthly Rent Report
Midtown Rent Report — May 2014
Asking rents in ZIP 10020, New York City, from 37 listings.
Median 1BR rent in Midtown was $3,600 in May 2014, up 97.3% (+$1,775) from April 2014. The middle half of 1BR listings asked between $2,700 and $3,600. That puts Midtown $2,100 above the New York City citywide 1BR median of $1,500. The month's figures are based on 37 listings across 6 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. April 2014 | Vs. Year Ago | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| 1BR | $3,600 | +$1,775 (+97.3%) | — | $2,700 – $3,600 | 6 |
| 1BR | $3,600 | +$1,775 (+97.3%) | — | $2,400 – $3,600 | 11 |
| 2BR | $4,725 | +$1,925 (+68.8%) | — | $4,188 – $5,263 | 2 |
| 2BR | $4,725 | +$1,925 (+68.8%) | — | $4,188 – $5,263 | 2 |
| 3BR | $4,495 | +$396 (+9.7%) | — | $4,299 – $4,495 | 5 |
| 3BR | $4,299 | +$200 (+4.9%) | — | $4,099 – $4,495 | 11 |
Median, P25, and P75 are asking rents from listings posted in May 2014. Changes compare against the nearest prior month with data.
Midtown vs. New York City — May 2014
| Bedrooms | Midtown Median | NYC Citywide Median | Difference |
|---|---|---|---|
| 1BR | $3,600 | $1,500 | +$2,100 (+140.0%) |
| 1BR | $3,600 | $1,500 | +$2,100 (+140.0%) |
| 2BR | $4,725 | $1,895 | +$2,830 (+149.3%) |
| 2BR | $4,725 | $1,895 | +$2,830 (+149.3%) |
| 3BR | $4,495 | $2,300 | +$2,195 (+95.4%) |
| 3BR | $4,299 | $2,300 | +$1,999 (+86.9%) |
Citywide figure is the median of zip-level medians across 176 New York City zip codes with listings in May 2014.