Monthly Rent Report
Midtown Rent Report — August 2014
Asking rents in ZIP 10020, New York City, from 86 listings.
Median 1BR rent in Midtown was $4,700 in August 2014, up 30.6% (+$1,100) from July 2014. The middle half of 1BR listings asked between $3,413 and $5,100. That puts Midtown $3,200 above the New York City citywide 1BR median of $1,500. The month's figures are based on 86 listings across 9 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. July 2014 | Vs. Year Ago | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,150 | $0 (0.0%) | — | $2,150 – $2,200 | 7 |
| Studio | $2,150 | $0 (0.0%) | — | $2,150 – $2,200 | 7 |
| 1BR | $4,700 | +$1,100 (+30.6%) | — | $3,413 – $5,100 | 15 |
| 1BR | $4,700 | +$1,100 (+30.6%) | — | $4,150 – $5,500 | 11 |
| 2BR | $2,300 | −$7,625 (-76.8%) | — | $2,300 – $2,300 | 3 |
| 3BR | $4,495 | $0 (0.0%) | — | $4,200 – $5,295 | 21 |
| 3BR | $4,495 | $0 (0.0%) | — | $4,200 – $4,800 | 18 |
| 4BR | $19,850 | — | — | $19,850 – $19,850 | 2 |
| 4BR | $19,850 | — | — | $19,850 – $19,850 | 2 |
Median, P25, and P75 are asking rents from listings posted in August 2014. Changes compare against the nearest prior month with data.
Midtown vs. New York City — August 2014
| Bedrooms | Midtown Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,150 | $1,400 | +$750 (+53.6%) |
| Studio | $2,150 | $1,400 | +$750 (+53.6%) |
| 1BR | $4,700 | $1,500 | +$3,200 (+213.3%) |
| 1BR | $4,700 | $1,500 | +$3,200 (+213.3%) |
| 2BR | $2,300 | $1,950 | +$350 (+17.9%) |
| 3BR | $4,495 | $2,400 | +$2,095 (+87.3%) |
| 3BR | $4,495 | $2,400 | +$2,095 (+87.3%) |
| 4BR | $19,850 | $3,200 | +$16,650 (+520.3%) |
| 4BR | $19,850 | $3,200 | +$16,650 (+520.3%) |
Citywide figure is the median of zip-level medians across 177 New York City zip codes with listings in August 2014.