Monthly Rent Report
Midtown East Rent Report — May 2023
Asking rents in ZIP 10022, New York City, from 511 listings.
Median 1BR rent in Midtown East was $5,448 in May 2023, up 21.1% (+$948) from April 2023. The middle half of 1BR listings asked between $5,171 and $6,121. That puts Midtown East $2,970 above the New York City citywide 1BR median of $2,477. The month's figures are based on 511 listings across 15 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. April 2023 | Vs. Year Ago | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $7,189 | +$3,789 (+111.4%) | — | $7,189 – $7,189 | 1 |
| Studio | $3,250 | −$150 (-4.4%) | — | $2,750 – $3,650 | 69 |
| Studio | $3,550 | +$150 (+4.4%) | — | $2,765 – $4,109 | 17 |
| 1BR | $5,448 | +$948 (+21.1%) | — | $5,171 – $6,121 | 30 |
| 1BR | $5,306 | +$806 (+17.9%) | — | $5,306 – $5,306 | 1 |
| 1BR | $4,495 | −$5 (-0.1%) | — | $3,750 – $5,395 | 131 |
| 2BR | $7,850 | +$1,350 (+20.8%) | — | $6,400 – $9,500 | 133 |
| 2BR | $8,269 | +$1,769 (+27.2%) | — | $8,269 – $8,269 | 1 |
| 2BR | $7,215 | +$715 (+11.0%) | — | $5,762 – $8,575 | 42 |
| 3BR | $7,056 | −$4,482 (-38.8%) | — | $6,889 – $9,400 | 3 |
| 3BR | $11,039 | −$499 (-4.3%) | — | $9,385 – $12,435 | 18 |
| 3BR | $8,300 | −$3,238 (-28.1%) | — | $5,423 – $11,850 | 51 |
| 4BR | $4,295 | $0 (0.0%) | — | $4,295 – $4,295 | 2 |
| 4BR | $7,998 | +$3,703 (+86.2%) | — | $7,996 – $7,999 | 2 |
| 4BR | $8,950 | +$4,655 (+108.4%) | — | $7,996 – $9,000 | 10 |
Median, P25, and P75 are asking rents from listings posted in May 2023. Changes compare against the nearest prior month with data.
Midtown East vs. New York City — May 2023
| Bedrooms | Midtown East Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $7,189 | $2,450 | +$4,739 (+193.4%) |
| Studio | $3,250 | $2,450 | +$800 (+32.7%) |
| Studio | $3,550 | $2,450 | +$1,100 (+44.9%) |
| 1BR | $5,448 | $2,477 | +$2,970 (+119.9%) |
| 1BR | $5,306 | $2,477 | +$2,829 (+114.2%) |
| 1BR | $4,495 | $2,477 | +$2,018 (+81.5%) |
| 2BR | $7,850 | $2,800 | +$5,050 (+180.4%) |
| 2BR | $8,269 | $2,800 | +$5,469 (+195.3%) |
| 2BR | $7,215 | $2,800 | +$4,415 (+157.7%) |
| 3BR | $7,056 | $3,225 | +$3,831 (+118.8%) |
| 3BR | $11,039 | $3,225 | +$7,814 (+242.3%) |
| 3BR | $8,300 | $3,225 | +$5,075 (+157.4%) |
| 4BR | $4,295 | $4,000 | +$295 (+7.4%) |
| 4BR | $7,998 | $4,000 | +$3,998 (+99.9%) |
| 4BR | $8,950 | $4,000 | +$4,950 (+123.8%) |
Citywide figure is the median of zip-level medians across 174 New York City zip codes with listings in May 2023.