Monthly Rent Report
Midtown Rent Report — May 2025
Asking rents in ZIP 10020, New York City, from 132 listings.
Median 1BR rent in Midtown was $2,052 in May 2025, up 9.3% (+$174) from April 2025 and down 41.4% year-over-year. The middle half of 1BR listings asked between $1,963 and $2,075. That puts Midtown $789 below the New York City citywide 1BR median of $2,841. The month's figures are based on 132 listings across 6 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. April 2025 | Vs. May 2024 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| 1BR | $2,052 | +$174 (+9.3%) | −$1,448 (-41.4%) | $1,963 – $2,075 | 20 |
| 1BR | $1,973 | +$95 (+5.1%) | −$1,527 (-43.6%) | $1,905 – $2,024 | 35 |
| 2BR | $2,655 | +$114 (+4.5%) | −$1,845 (-41.0%) | $2,512 – $2,786 | 24 |
| 2BR | $2,616 | +$75 (+3.0%) | −$1,884 (-41.9%) | $2,513 – $2,705 | 42 |
| 3BR | $2,952 | +$77 (+2.7%) | — | $2,952 – $2,963 | 4 |
| 3BR | $2,913 | +$38 (+1.3%) | — | $2,913 – $2,913 | 7 |
Median, P25, and P75 are asking rents from listings posted in May 2025. Changes compare against the nearest prior month with data.
Midtown vs. New York City — May 2025
| Bedrooms | Midtown Median | NYC Citywide Median | Difference |
|---|---|---|---|
| 1BR | $2,052 | $2,841 | −$789 (-27.8%) |
| 1BR | $1,973 | $2,841 | −$868 (-30.5%) |
| 2BR | $2,655 | $3,263 | −$608 (-18.6%) |
| 2BR | $2,616 | $3,263 | −$646 (-19.8%) |
| 3BR | $2,952 | $3,777 | −$825 (-21.8%) |
| 3BR | $2,913 | $3,777 | −$864 (-22.9%) |
Citywide figure is the median of zip-level medians across 175 New York City zip codes with listings in May 2025.