Monthly Rent Report
Midtown East Rent Report — June 2023
Asking rents in ZIP 10017, New York City, from 224 listings.
Median 1BR rent in Midtown East was $5,458 in June 2023, up 36.6% (+$1,463) from May 2023 and down 10.5% year-over-year. The middle half of 1BR listings asked between $5,189 and $5,726. That puts Midtown East $2,970 above the New York City citywide 1BR median of $2,488. The month's figures are based on 224 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. May 2023 | Vs. June 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,650 | −$600 (-18.5%) | −$1,857 (-41.2%) | $2,650 – $2,650 | 1 |
| Studio | $3,300 | +$50 (+1.5%) | −$1,207 (-26.8%) | $3,037 – $4,386 | 36 |
| Studio | $3,300 | +$50 (+1.5%) | −$1,207 (-26.8%) | $3,275 – $3,375 | 4 |
| 1BR | $5,458 | +$1,463 (+36.6%) | −$642 (-10.5%) | $5,189 – $5,726 | 2 |
| 1BR | $4,500 | +$505 (+12.6%) | −$1,600 (-26.2%) | $3,800 – $5,740 | 93 |
| 2BR | $5,175 | −$2,225 (-30.1%) | −$4,375 (-45.8%) | $4,863 – $5,488 | 2 |
| 2BR | $4,595 | −$2,805 (-37.9%) | −$4,955 (-51.9%) | $4,595 – $4,595 | 1 |
| 2BR | $7,400 | $0 (0.0%) | −$2,150 (-22.5%) | $6,698 – $8,660 | 67 |
| 3BR | $6,800 | −$2,430 (-26.3%) | −$175 (-2.5%) | $6,800 – $6,800 | 1 |
| 3BR | $9,600 | +$370 (+4.0%) | +$2,625 (+37.6%) | $8,025 – $10,021 | 14 |
| 4BR | $15,750 | +$750 (+5.0%) | −$1,000 (-6.0%) | $15,750 – $15,750 | 2 |
| 4BR | $15,750 | +$750 (+5.0%) | −$1,000 (-6.0%) | $15,750 – $15,750 | 1 |
Median, P25, and P75 are asking rents from listings posted in June 2023. Changes compare against the nearest prior month with data.
Midtown East vs. New York City — June 2023
| Bedrooms | Midtown East Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,650 | $2,500 | +$150 (+6.0%) |
| Studio | $3,300 | $2,500 | +$800 (+32.0%) |
| Studio | $3,300 | $2,500 | +$800 (+32.0%) |
| 1BR | $5,458 | $2,488 | +$2,970 (+119.4%) |
| 1BR | $4,500 | $2,488 | +$2,013 (+80.9%) |
| 2BR | $5,175 | $2,828 | +$2,347 (+83.0%) |
| 2BR | $4,595 | $2,828 | +$1,767 (+62.5%) |
| 2BR | $7,400 | $2,828 | +$4,572 (+161.6%) |
| 3BR | $6,800 | $3,300 | +$3,500 (+106.1%) |
| 3BR | $9,600 | $3,300 | +$6,300 (+190.9%) |
| 4BR | $15,750 | $4,200 | +$11,550 (+275.0%) |
| 4BR | $15,750 | $4,200 | +$11,550 (+275.0%) |
Citywide figure is the median of zip-level medians across 174 New York City zip codes with listings in June 2023.