Monthly Rent Report
Midtown East Rent Report — May 2024
Asking rents in ZIP 10017, New York City, from 275 listings.
Median 1BR rent in Midtown East was $4,075 in May 2024, down 3.0% (−$125) from April 2024 and down 16.1% year-over-year. The middle half of 1BR listings asked between $3,800 and $5,074. That puts Midtown East $1,650 above the New York City citywide 1BR median of $2,425. The month's figures are based on 275 listings across 16 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. April 2024 | Vs. May 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $5,450 | +$2,500 (+84.7%) | +$2,550 (+87.9%) | $5,233 – $5,668 | 2 |
| Studio | $3,175 | +$225 (+7.6%) | +$275 (+9.5%) | $2,625 – $3,475 | 36 |
| Studio | $3,100 | +$150 (+5.1%) | +$200 (+6.9%) | $2,750 – $3,400 | 31 |
| 1BR | $4,075 | −$125 (-3.0%) | −$780 (-16.1%) | $3,800 – $5,074 | 34 |
| 1BR | $4,534 | +$334 (+8.0%) | −$321 (-6.6%) | $4,534 – $4,534 | 1 |
| 1BR | $4,567 | +$367 (+8.7%) | −$288 (-5.9%) | $4,000 – $5,348 | 54 |
| 2BR | $6,800 | +$2,950 (+76.6%) | −$322 (-4.5%) | $6,800 – $6,800 | 1 |
| 2BR | $5,250 | +$1,400 (+36.4%) | −$1,872 (-26.3%) | $4,400 – $6,462 | 42 |
| 2BR | $7,542 | +$3,692 (+95.9%) | +$419 (+5.9%) | $5,275 – $11,431 | 44 |
| 3BR | $8,077 | −$668 (-7.6%) | −$1,153 (-12.5%) | $8,077 – $8,077 | 1 |
| 3BR | $8,795 | +$50 (+0.6%) | −$435 (-4.7%) | $6,375 – $10,098 | 7 |
| 3BR | $7,298 | −$1,447 (-16.5%) | −$1,932 (-20.9%) | $6,500 – $7,500 | 15 |
| 4BR | $8,495 | +$935 (+12.4%) | −$7,005 (-45.2%) | $8,495 – $8,495 | 1 |
| 4BR | $10,198 | +$2,638 (+34.9%) | −$5,302 (-34.2%) | $8,495 – $11,913 | 4 |
Median, P25, and P75 are asking rents from listings posted in May 2024. Changes compare against the nearest prior month with data.
Midtown East vs. New York City — May 2024
| Bedrooms | Midtown East Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $5,450 | $2,350 | +$3,100 (+131.9%) |
| Studio | $3,175 | $2,350 | +$825 (+35.1%) |
| Studio | $3,100 | $2,350 | +$750 (+31.9%) |
| 1BR | $4,075 | $2,425 | +$1,650 (+68.0%) |
| 1BR | $4,534 | $2,425 | +$2,109 (+87.0%) |
| 1BR | $4,567 | $2,425 | +$2,142 (+88.3%) |
| 2BR | $6,800 | $2,914 | +$3,887 (+133.4%) |
| 2BR | $5,250 | $2,914 | +$2,337 (+80.2%) |
| 2BR | $7,542 | $2,914 | +$4,628 (+158.8%) |
| 3BR | $8,077 | $3,600 | +$4,477 (+124.4%) |
| 3BR | $8,795 | $3,600 | +$5,195 (+144.3%) |
| 3BR | $7,298 | $3,600 | +$3,698 (+102.7%) |
| 4BR | $8,495 | $4,250 | +$4,245 (+99.9%) |
| 4BR | $10,198 | $4,250 | +$5,948 (+139.9%) |
Citywide figure is the median of zip-level medians across 176 New York City zip codes with listings in May 2024.