Monthly Rent Report
Midtown Rent Report — May 2015
Asking rents in ZIP 10020, New York City, from 14 listings.
Median 1BR rent in Midtown was $3,095 in May 2015, up 31.7% (+$745) from April 2015 and down 14.0% year-over-year. The middle half of 1BR listings asked between $3,095 and $3,095. That puts Midtown $1,398 above the New York City citywide 1BR median of $1,698. The month's figures are based on 14 listings across 6 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. April 2015 | Vs. May 2014 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,800 | $0 (0.0%) | — | $2,800 – $2,800 | 2 |
| Studio | $2,800 | $0 (0.0%) | — | $2,800 – $2,800 | 2 |
| 1BR | $3,095 | +$745 (+31.7%) | −$505 (-14.0%) | $3,095 – $3,095 | 1 |
| 1BR | $3,095 | +$745 (+31.7%) | −$505 (-14.0%) | $3,095 – $3,095 | 1 |
| 3BR | $4,495 | $0 (0.0%) | +$196 (+4.6%) | $4,495 – $4,495 | 4 |
| 3BR | $4,495 | $0 (0.0%) | +$196 (+4.6%) | $4,495 – $4,495 | 4 |
Median, P25, and P75 are asking rents from listings posted in May 2015. Changes compare against the nearest prior month with data.
Midtown vs. New York City — May 2015
| Bedrooms | Midtown Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,800 | $1,500 | +$1,300 (+86.7%) |
| Studio | $2,800 | $1,500 | +$1,300 (+86.7%) |
| 1BR | $3,095 | $1,698 | +$1,398 (+82.3%) |
| 1BR | $3,095 | $1,698 | +$1,398 (+82.3%) |
| 3BR | $4,495 | $2,500 | +$1,995 (+79.8%) |
| 3BR | $4,495 | $2,500 | +$1,995 (+79.8%) |
Citywide figure is the median of zip-level medians across 178 New York City zip codes with listings in May 2015.