Monthly Rent Report
Midtown Rent Report — March 2015
Asking rents in ZIP 10020, New York City, from 21 listings.
Median Studio rent in Midtown was $2,600 in March 2015, up 9.5% (+$225) from February 2015 and up 36.8% year-over-year. The middle half of Studio listings asked between $2,600 and $2,800. That puts Midtown $1,100 above the New York City citywide Studio median of $1,500. The month's figures are based on 21 listings across 6 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. February 2015 | Vs. March 2014 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,600 | +$225 (+9.5%) | +$700 (+36.8%) | $2,600 – $2,800 | 5 |
| Studio | $2,600 | +$225 (+9.5%) | +$700 (+36.8%) | $2,600 – $2,800 | 5 |
| 2BR | $2,975 | −$275 (-8.5%) | +$675 (+29.3%) | $2,838 – $3,113 | 2 |
| 2BR | $2,700 | −$550 (-16.9%) | +$400 (+17.4%) | $2,700 – $2,700 | 1 |
| 3BR | $4,495 | $0 (0.0%) | — | $4,495 – $4,495 | 4 |
| 3BR | $4,495 | $0 (0.0%) | — | $4,495 – $4,495 | 4 |
Median, P25, and P75 are asking rents from listings posted in March 2015. Changes compare against the nearest prior month with data.
Midtown vs. New York City — March 2015
| Bedrooms | Midtown Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,600 | $1,500 | +$1,100 (+73.3%) |
| Studio | $2,600 | $1,500 | +$1,100 (+73.3%) |
| 2BR | $2,975 | $2,038 | +$938 (+46.0%) |
| 2BR | $2,700 | $2,038 | +$663 (+32.5%) |
| 3BR | $4,495 | $2,395 | +$2,100 (+87.7%) |
| 3BR | $4,495 | $2,395 | +$2,100 (+87.7%) |
Citywide figure is the median of zip-level medians across 177 New York City zip codes with listings in March 2015.