Monthly Rent Report
Midtown East Rent Report — August 2023
Asking rents in ZIP 10022, New York City, from 587 listings.
Median 1BR rent in Midtown East was $4,873 in August 2023, down 4.6% (−$235) from July 2023 and down 1.8% year-over-year. The middle half of 1BR listings asked between $3,650 and $5,193. That puts Midtown East $2,523 above the New York City citywide 1BR median of $2,350. The month's figures are based on 587 listings across 17 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. July 2023 | Vs. August 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $3,500 | $0 (0.0%) | −$100 (-2.8%) | $3,500 – $3,500 | 1 |
| Studio | $3,400 | −$100 (-2.9%) | −$200 (-5.6%) | $3,400 – $3,400 | 2 |
| Studio | $3,350 | −$150 (-4.3%) | −$250 (-6.9%) | $2,738 – $3,795 | 111 |
| 1BR | $4,873 | −$235 (-4.6%) | −$90 (-1.8%) | $3,650 – $5,193 | 9 |
| 1BR | $5,800 | +$692 (+13.5%) | +$837 (+16.9%) | $5,100 – $5,850 | 3 |
| 1BR | $4,625 | −$483 (-9.5%) | −$338 (-6.8%) | $4,025 – $5,100 | 193 |
| 2BR | $7,175 | −$770 (-9.7%) | −$148 (-2.0%) | $5,800 – $8,390 | 148 |
| 2BR | $8,971 | +$1,026 (+12.9%) | +$1,648 (+22.5%) | $6,675 – $9,692 | 6 |
| 2BR | $5,300 | −$2,645 (-33.3%) | −$2,023 (-27.6%) | $5,300 – $6,045 | 7 |
| 3BR | $6,788 | −$5,149 (-43.1%) | −$3,712 (-35.4%) | $6,492 – $8,894 | 3 |
| 3BR | $10,500 | −$1,437 (-12.0%) | $0 (0.0%) | $6,499 – $12,125 | 72 |
| 3BR | $11,472 | −$465 (-3.9%) | +$972 (+9.3%) | $9,049 – $13,013 | 4 |
| 4BR | $3,895 | −$5,105 (-56.7%) | −$1,100 (-22.0%) | $3,895 – $3,895 | 1 |
| 4BR | $8,000 | −$1,000 (-11.1%) | +$3,005 (+60.2%) | $8,000 – $8,500 | 5 |
| 4BR | $8,200 | −$800 (-8.9%) | +$3,205 (+64.2%) | $7,575 – $10,750 | 20 |
Median, P25, and P75 are asking rents from listings posted in August 2023. Changes compare against the nearest prior month with data.
Midtown East vs. New York City — August 2023
| Bedrooms | Midtown East Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $3,500 | $2,490 | +$1,010 (+40.6%) |
| Studio | $3,400 | $2,490 | +$910 (+36.5%) |
| Studio | $3,350 | $2,490 | +$860 (+34.5%) |
| 1BR | $4,873 | $2,350 | +$2,523 (+107.4%) |
| 1BR | $5,800 | $2,350 | +$3,450 (+146.8%) |
| 1BR | $4,625 | $2,350 | +$2,275 (+96.8%) |
| 2BR | $7,175 | $2,859 | +$4,316 (+151.0%) |
| 2BR | $8,971 | $2,859 | +$6,112 (+213.8%) |
| 2BR | $5,300 | $2,859 | +$2,441 (+85.4%) |
| 3BR | $6,788 | $3,413 | +$3,376 (+98.9%) |
| 3BR | $10,500 | $3,413 | +$7,088 (+207.7%) |
| 3BR | $11,472 | $3,413 | +$8,059 (+236.2%) |
| 4BR | $3,895 | $4,200 | −$305 (-7.3%) |
| 4BR | $8,000 | $4,200 | +$3,800 (+90.5%) |
| 4BR | $8,200 | $4,200 | +$4,000 (+95.2%) |
Citywide figure is the median of zip-level medians across 175 New York City zip codes with listings in August 2023.