Monthly Rent Report
Midtown Rent Report — June 2014
Asking rents in ZIP 10020, New York City, from 60 listings.
Median 1BR rent in Midtown was $3,600 in June 2014, flat versus May 2014. The middle half of 1BR listings asked between $2,400 and $4,700. That puts Midtown $2,100 above the New York City citywide 1BR median of $1,500. The month's figures are based on 60 listings across 8 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. May 2014 | Vs. Year Ago | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,200 | — | — | $2,200 – $2,200 | 1 |
| Studio | $2,200 | — | — | $2,200 – $2,200 | 1 |
| 1BR | $3,600 | $0 (0.0%) | — | $2,400 – $4,700 | 13 |
| 1BR | $3,600 | $0 (0.0%) | — | $2,400 – $4,700 | 13 |
| 2BR | $9,900 | +$5,175 (+109.5%) | — | $5,800 – $9,950 | 8 |
| 2BR | $9,900 | +$5,175 (+109.5%) | — | $5,800 – $9,950 | 8 |
| 3BR | $4,299 | −$196 (-4.4%) | — | $4,299 – $4,495 | 8 |
| 3BR | $4,299 | −$196 (-4.4%) | — | $4,299 – $4,495 | 8 |
Median, P25, and P75 are asking rents from listings posted in June 2014. Changes compare against the nearest prior month with data.
Midtown vs. New York City — June 2014
| Bedrooms | Midtown Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,200 | $1,350 | +$850 (+63.0%) |
| Studio | $2,200 | $1,350 | +$850 (+63.0%) |
| 1BR | $3,600 | $1,500 | +$2,100 (+140.0%) |
| 1BR | $3,600 | $1,500 | +$2,100 (+140.0%) |
| 2BR | $9,900 | $1,913 | +$7,988 (+417.6%) |
| 2BR | $9,900 | $1,913 | +$7,988 (+417.6%) |
| 3BR | $4,299 | $2,395 | +$1,904 (+79.5%) |
| 3BR | $4,299 | $2,395 | +$1,904 (+79.5%) |
Citywide figure is the median of zip-level medians across 177 New York City zip codes with listings in June 2014.