Monthly Rent Report
Midtown East Rent Report — September 2023
Asking rents in ZIP 10017, New York City, from 24 listings.
Median 1BR rent in Midtown East was $3,700 in September 2023, down 6.3% (−$250) from August 2023 and down 7.4% year-over-year. The middle half of 1BR listings asked between $3,600 and $3,875. That puts Midtown East $1,200 above the New York City citywide 1BR median of $2,500. The month's figures are based on 24 listings across 9 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. August 2023 | Vs. September 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $4,575 | +$2,130 (+87.1%) | +$1,375 (+43.0%) | $4,413 – $4,738 | 3 |
| 1BR | $3,700 | −$250 (-6.3%) | −$295 (-7.4%) | $3,600 – $3,875 | 4 |
| 1BR | $4,658 | +$708 (+17.9%) | +$663 (+16.6%) | $4,295 – $5,189 | 4 |
| 2BR | $4,000 | −$2,495 (-38.4%) | −$2,195 (-35.4%) | $4,000 – $4,000 | 1 |
| 2BR | $4,595 | −$1,900 (-29.3%) | −$1,600 (-25.8%) | $4,595 – $4,595 | 1 |
| 2BR | $5,300 | −$1,195 (-18.4%) | −$895 (-14.4%) | $5,300 – $5,300 | 2 |
| 3BR | $13,750 | +$4,003 (+41.1%) | +$2,750 (+25.0%) | $6,150 – $13,750 | 5 |
| 3BR | $5,850 | −$3,897 (-40.0%) | −$5,150 (-46.8%) | $5,300 – $6,400 | 2 |
| 4BR | $6,950 | −$6,550 (-48.5%) | +$350 (+5.3%) | $6,950 – $6,950 | 2 |
Median, P25, and P75 are asking rents from listings posted in September 2023. Changes compare against the nearest prior month with data.
Midtown East vs. New York City — September 2023
| Bedrooms | Midtown East Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $4,575 | $2,400 | +$2,175 (+90.6%) |
| 1BR | $3,700 | $2,500 | +$1,200 (+48.0%) |
| 1BR | $4,658 | $2,500 | +$2,158 (+86.3%) |
| 2BR | $4,000 | $3,000 | +$1,000 (+33.3%) |
| 2BR | $4,595 | $3,000 | +$1,595 (+53.2%) |
| 2BR | $5,300 | $3,000 | +$2,300 (+76.7%) |
| 3BR | $13,750 | $3,500 | +$10,250 (+292.9%) |
| 3BR | $5,850 | $3,500 | +$2,350 (+67.1%) |
| 4BR | $6,950 | $4,325 | +$2,625 (+60.7%) |
Citywide figure is the median of zip-level medians across 175 New York City zip codes with listings in September 2023.