Monthly Rent Report
Midtown East Rent Report — July 2023
Asking rents in ZIP 10017, New York City, from 95 listings.
Median 1BR rent in Midtown East was $3,895 in July 2023, down 28.6% (−$1,562) from June 2023 and down 7.3% year-over-year. The middle half of 1BR listings asked between $3,600 and $4,945. That puts Midtown East $1,445 above the New York City citywide 1BR median of $2,450. The month's figures are based on 95 listings across 15 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. June 2023 | Vs. July 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $3,300 | $0 (0.0%) | +$50 (+1.5%) | $3,300 – $3,400 | 3 |
| Studio | $2,775 | −$525 (-15.9%) | −$475 (-14.6%) | $2,663 – $3,100 | 14 |
| Studio | $2,863 | −$437 (-13.3%) | −$387 (-11.9%) | $2,700 – $2,931 | 6 |
| 1BR | $3,895 | −$1,562 (-28.6%) | −$305 (-7.3%) | $3,600 – $4,945 | 21 |
| 1BR | $4,000 | −$1,457 (-26.7%) | −$200 (-4.8%) | $2,850 – $4,399 | 5 |
| 1BR | $5,458 | $0 (0.0%) | +$1,258 (+29.9%) | $5,189 – $5,726 | 2 |
| 2BR | $5,720 | +$545 (+10.5%) | −$605 (-9.6%) | $4,688 – $6,793 | 4 |
| 2BR | $4,985 | −$190 (-3.7%) | −$1,340 (-21.2%) | $4,790 – $5,180 | 2 |
| 2BR | $7,195 | +$2,020 (+39.0%) | +$870 (+13.8%) | $5,950 – $8,063 | 20 |
| 3BR | $5,025 | −$4,575 (-47.7%) | −$4,040 (-44.6%) | $4,888 – $5,163 | 2 |
| 3BR | $7,650 | −$1,950 (-20.3%) | −$1,415 (-15.6%) | $7,350 – $9,075 | 7 |
| 3BR | $6,948 | −$2,652 (-27.6%) | −$2,117 (-23.4%) | $6,924 – $6,971 | 2 |
| 4BR | $15,000 | −$750 (-4.8%) | −$3,500 (-18.9%) | $15,000 – $15,000 | 1 |
| 4BR | $14,500 | −$1,250 (-7.9%) | −$4,000 (-21.6%) | $14,500 – $14,500 | 1 |
| 4BR | $14,500 | −$1,250 (-7.9%) | −$4,000 (-21.6%) | $14,500 – $15,000 | 5 |
Median, P25, and P75 are asking rents from listings posted in July 2023. Changes compare against the nearest prior month with data.
Midtown East vs. New York City — July 2023
| Bedrooms | Midtown East Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $3,300 | $2,498 | +$803 (+32.1%) |
| Studio | $2,775 | $2,498 | +$278 (+11.1%) |
| Studio | $2,863 | $2,498 | +$365 (+14.6%) |
| 1BR | $3,895 | $2,450 | +$1,445 (+59.0%) |
| 1BR | $4,000 | $2,450 | +$1,550 (+63.3%) |
| 1BR | $5,458 | $2,450 | +$3,008 (+122.8%) |
| 2BR | $5,720 | $2,800 | +$2,920 (+104.3%) |
| 2BR | $4,985 | $2,800 | +$2,185 (+78.0%) |
| 2BR | $7,195 | $2,800 | +$4,395 (+157.0%) |
| 3BR | $5,025 | $3,400 | +$1,625 (+47.8%) |
| 3BR | $7,650 | $3,400 | +$4,250 (+125.0%) |
| 3BR | $6,948 | $3,400 | +$3,548 (+104.4%) |
| 4BR | $15,000 | $4,200 | +$10,800 (+257.1%) |
| 4BR | $14,500 | $4,200 | +$10,300 (+245.2%) |
| 4BR | $14,500 | $4,200 | +$10,300 (+245.2%) |
Citywide figure is the median of zip-level medians across 174 New York City zip codes with listings in July 2023.