Monthly Rent Report
Midtown East Rent Report — May 2023
Asking rents in ZIP 10017, New York City, from 245 listings.
Median 1BR rent in Midtown East was $4,300 in May 2023, up 7.6% (+$305) from April 2023 and down 22.5% year-over-year. The middle half of 1BR listings asked between $3,750 and $5,400. That puts Midtown East $1,823 above the New York City citywide 1BR median of $2,477. The month's figures are based on 245 listings across 15 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. April 2023 | Vs. May 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $3,250 | +$50 (+1.6%) | −$2,000 (-38.1%) | $3,200 – $3,300 | 4 |
| Studio | $3,200 | $0 (0.0%) | −$2,050 (-39.0%) | $2,813 – $3,413 | 50 |
| Studio | $2,900 | −$300 (-9.4%) | −$2,350 (-44.8%) | $2,900 – $2,900 | 1 |
| 1BR | $4,300 | +$305 (+7.6%) | −$1,250 (-22.5%) | $3,750 – $5,400 | 101 |
| 1BR | $3,995 | $0 (0.0%) | −$1,555 (-28.0%) | $3,900 – $3,995 | 5 |
| 1BR | $4,855 | +$860 (+21.5%) | −$695 (-12.5%) | $4,809 – $4,909 | 6 |
| 2BR | $4,595 | −$4,755 (-50.9%) | −$2,555 (-35.7%) | $4,595 – $4,595 | 1 |
| 2BR | $7,400 | −$1,950 (-20.9%) | +$250 (+3.5%) | $7,400 – $7,400 | 1 |
| 2BR | $7,123 | −$2,227 (-23.8%) | −$27 (-0.4%) | $6,443 – $9,560 | 46 |
| 3BR | $9,230 | +$1,641 (+21.6%) | −$20 (-0.2%) | $6,300 – $10,688 | 7 |
| 3BR | $13,000 | +$5,411 (+71.3%) | +$3,750 (+40.5%) | $13,000 – $13,000 | 1 |
| 3BR | $8,590 | +$1,001 (+13.2%) | −$660 (-7.1%) | $7,188 – $12,000 | 14 |
| 4BR | $16,000 | +$7,650 (+91.6%) | −$750 (-4.5%) | $16,000 – $16,000 | 1 |
| 4BR | $15,000 | +$6,650 (+79.6%) | −$1,750 (-10.4%) | $11,898 – $15,500 | 3 |
| 4BR | $15,500 | +$7,150 (+85.6%) | −$1,250 (-7.5%) | $13,449 – $16,000 | 4 |
Median, P25, and P75 are asking rents from listings posted in May 2023. Changes compare against the nearest prior month with data.
Midtown East vs. New York City — May 2023
| Bedrooms | Midtown East Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $3,250 | $2,450 | +$800 (+32.7%) |
| Studio | $3,200 | $2,450 | +$750 (+30.6%) |
| Studio | $2,900 | $2,450 | +$450 (+18.4%) |
| 1BR | $4,300 | $2,477 | +$1,823 (+73.6%) |
| 1BR | $3,995 | $2,477 | +$1,518 (+61.3%) |
| 1BR | $4,855 | $2,477 | +$2,378 (+96.0%) |
| 2BR | $4,595 | $2,800 | +$1,795 (+64.1%) |
| 2BR | $7,400 | $2,800 | +$4,600 (+164.3%) |
| 2BR | $7,123 | $2,800 | +$4,323 (+154.4%) |
| 3BR | $9,230 | $3,225 | +$6,005 (+186.2%) |
| 3BR | $13,000 | $3,225 | +$9,775 (+303.1%) |
| 3BR | $8,590 | $3,225 | +$5,365 (+166.4%) |
| 4BR | $16,000 | $4,000 | +$12,000 (+300.0%) |
| 4BR | $15,000 | $4,000 | +$11,000 (+275.0%) |
| 4BR | $15,500 | $4,000 | +$11,500 (+287.5%) |
Citywide figure is the median of zip-level medians across 174 New York City zip codes with listings in May 2023.