Monthly Rent Report
Midtown East Rent Report — December 2024
Asking rents in ZIP 10017, New York City, from 32 listings.
Median 1BR rent in Midtown East was $5,425 in December 2024, down 8.1% (−$475) from November 2024 and up 40.9% year-over-year. The middle half of 1BR listings asked between $5,425 and $5,425. That puts Midtown East $2,946 above the New York City citywide 1BR median of $2,480. The month's figures are based on 32 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. November 2024 | Vs. December 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $3,175 | −$325 (-9.3%) | +$25 (+0.8%) | $2,963 – $3,275 | 10 |
| Studio | $5,180 | +$1,680 (+48.0%) | +$2,030 (+64.4%) | $4,365 – $5,215 | 3 |
| 1BR | $5,425 | −$475 (-8.1%) | +$1,575 (+40.9%) | $5,425 – $5,425 | 1 |
| 1BR | $3,200 | −$2,700 (-45.8%) | −$650 (-16.9%) | $2,900 – $3,200 | 9 |
| 2BR | $5,750 | +$1,155 (+25.1%) | +$1,450 (+33.7%) | $5,500 – $5,999 | 4 |
| 2BR | $10,375 | +$5,780 (+125.8%) | +$6,075 (+141.3%) | $10,375 – $10,375 | 1 |
| 3BR | $7,395 | +$1,750 (+31.0%) | +$325 (+4.6%) | $7,395 – $7,395 | 1 |
| 3BR | $7,395 | +$1,750 (+31.0%) | +$325 (+4.6%) | $7,395 – $7,395 | 1 |
| 4BR | $6,500 | −$2,495 (-27.7%) | −$8,000 (-55.2%) | $6,500 – $6,500 | 1 |
| 4BR | $6,500 | −$2,495 (-27.7%) | −$8,000 (-55.2%) | $6,500 – $6,500 | 1 |
Median, P25, and P75 are asking rents from listings posted in December 2024. Changes compare against the nearest prior month with data.
Midtown East vs. New York City — December 2024
| Bedrooms | Midtown East Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $3,175 | $2,525 | +$650 (+25.7%) |
| Studio | $5,180 | $2,525 | +$2,655 (+105.1%) |
| 1BR | $5,425 | $2,480 | +$2,946 (+118.8%) |
| 1BR | $3,200 | $2,480 | +$721 (+29.1%) |
| 2BR | $5,750 | $2,975 | +$2,775 (+93.3%) |
| 2BR | $10,375 | $2,975 | +$7,400 (+248.7%) |
| 3BR | $7,395 | $3,546 | +$3,850 (+108.6%) |
| 3BR | $7,395 | $3,546 | +$3,850 (+108.6%) |
| 4BR | $6,500 | $4,150 | +$2,350 (+56.6%) |
| 4BR | $6,500 | $4,150 | +$2,350 (+56.6%) |
Citywide figure is the median of zip-level medians across 175 New York City zip codes with listings in December 2024.