Monthly Rent Report
Midtown Rent Report — October 2014
Asking rents in ZIP 10020, New York City, from 71 listings.
Median 1BR rent in Midtown was $3,225 in October 2014, down 10.4% (−$375) from September 2014. The middle half of 1BR listings asked between $2,400 and $4,150. That puts Midtown $1,675 above the New York City citywide 1BR median of $1,550. The month's figures are based on 71 listings across 6 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. September 2014 | Vs. Year Ago | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,150 | $0 (0.0%) | — | $2,150 – $2,600 | 8 |
| Studio | $2,150 | $0 (0.0%) | — | $2,150 – $2,600 | 8 |
| 1BR | $3,225 | −$375 (-10.4%) | — | $2,400 – $4,150 | 15 |
| 1BR | $3,000 | −$600 (-16.7%) | — | $2,400 – $4,700 | 10 |
| 3BR | $4,800 | +$305 (+6.8%) | — | $4,495 – $5,295 | 17 |
| 3BR | $4,495 | $0 (0.0%) | — | $4,495 – $4,800 | 13 |
Median, P25, and P75 are asking rents from listings posted in October 2014. Changes compare against the nearest prior month with data.
Midtown vs. New York City — October 2014
| Bedrooms | Midtown Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,150 | $1,450 | +$700 (+48.3%) |
| Studio | $2,150 | $1,450 | +$700 (+48.3%) |
| 1BR | $3,225 | $1,550 | +$1,675 (+108.1%) |
| 1BR | $3,000 | $1,550 | +$1,450 (+93.5%) |
| 3BR | $4,800 | $2,350 | +$2,450 (+104.3%) |
| 3BR | $4,495 | $2,350 | +$2,145 (+91.3%) |
Citywide figure is the median of zip-level medians across 177 New York City zip codes with listings in October 2014.