Monthly Rent Report
Midtown Rent Report — September 2014
Asking rents in ZIP 10020, New York City, from 82 listings.
Median 1BR rent in Midtown was $3,600 in September 2014, down 23.4% (−$1,100) from August 2014. The middle half of 1BR listings asked between $3,225 and $4,700. That puts Midtown $2,055 above the New York City citywide 1BR median of $1,545. The month's figures are based on 82 listings across 8 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. August 2014 | Vs. Year Ago | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,150 | $0 (0.0%) | — | $2,150 – $2,638 | 6 |
| Studio | $2,150 | $0 (0.0%) | — | $2,150 – $2,638 | 6 |
| 1BR | $3,600 | −$1,100 (-23.4%) | — | $3,225 – $4,700 | 17 |
| 1BR | $3,600 | −$1,100 (-23.4%) | — | $3,600 – $4,700 | 13 |
| 3BR | $4,495 | $0 (0.0%) | — | $4,200 – $4,800 | 15 |
| 3BR | $4,800 | +$305 (+6.8%) | — | $4,348 – $5,295 | 19 |
| 4BR | $19,850 | $0 (0.0%) | — | $19,850 – $19,850 | 3 |
| 4BR | $19,850 | $0 (0.0%) | — | $19,850 – $19,850 | 3 |
Median, P25, and P75 are asking rents from listings posted in September 2014. Changes compare against the nearest prior month with data.
Midtown vs. New York City — September 2014
| Bedrooms | Midtown Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,150 | $1,448 | +$702 (+48.5%) |
| Studio | $2,150 | $1,448 | +$702 (+48.5%) |
| 1BR | $3,600 | $1,545 | +$2,055 (+133.0%) |
| 1BR | $3,600 | $1,545 | +$2,055 (+133.0%) |
| 3BR | $4,495 | $2,398 | +$2,098 (+87.5%) |
| 3BR | $4,800 | $2,398 | +$2,403 (+100.2%) |
| 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 175 New York City zip codes with listings in September 2014.