Monthly Rent Report
Midtown East Rent Report — May 2024
Asking rents in ZIP 10022, New York City, from 681 listings.
Median 1BR rent in Midtown East was $4,720 in May 2024, up 7.6% (+$333) from April 2024 and up 5.0% year-over-year. The middle half of 1BR listings asked between $4,100 and $5,495. That puts Midtown East $2,295 above the New York City citywide 1BR median of $2,425. The month's figures are based on 681 listings across 15 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. April 2024 | Vs. May 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $3,700 | +$325 (+9.6%) | +$150 (+4.2%) | $3,700 – $3,700 | 1 |
| Studio | $3,100 | −$275 (-8.1%) | −$450 (-12.7%) | $2,725 – $3,531 | 42 |
| Studio | $3,625 | +$250 (+7.4%) | +$75 (+2.1%) | $2,813 – $4,493 | 82 |
| 1BR | $4,720 | +$333 (+7.6%) | +$225 (+5.0%) | $4,100 – $5,495 | 97 |
| 1BR | $5,160 | +$773 (+17.6%) | +$665 (+14.8%) | $4,993 – $5,328 | 2 |
| 1BR | $4,500 | +$113 (+2.6%) | +$5 (+0.1%) | $3,575 – $5,432 | 172 |
| 2BR | $7,265 | +$2,415 (+49.8%) | +$50 (+0.7%) | $4,545 – $8,398 | 119 |
| 2BR | $4,850 | $0 (0.0%) | −$2,365 (-32.8%) | $4,850 – $4,850 | 2 |
| 2BR | $6,895 | +$2,045 (+42.2%) | −$320 (-4.4%) | $4,448 – $9,565 | 71 |
| 3BR | $7,373 | −$5,025 (-40.5%) | −$927 (-11.2%) | $7,373 – $7,373 | 1 |
| 3BR | $6,850 | −$5,548 (-44.7%) | −$1,450 (-17.5%) | $5,850 – $11,557 | 22 |
| 3BR | $12,474 | +$76 (+0.6%) | +$4,174 (+50.3%) | $7,000 – $12,714 | 49 |
| 4BR | $9,648 | +$5,253 (+119.5%) | +$698 (+7.8%) | $8,749 – $15,304 | 8 |
| 4BR | $17,500 | +$13,105 (+298.2%) | +$8,550 (+95.5%) | $17,500 – $17,500 | 2 |
| 4BR | $7,995 | +$3,600 (+81.9%) | −$955 (-10.7%) | $7,248 – $8,498 | 11 |
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 | $3,700 | $2,350 | +$1,350 (+57.4%) |
| Studio | $3,100 | $2,350 | +$750 (+31.9%) |
| Studio | $3,625 | $2,350 | +$1,275 (+54.3%) |
| 1BR | $4,720 | $2,425 | +$2,295 (+94.6%) |
| 1BR | $5,160 | $2,425 | +$2,735 (+112.8%) |
| 1BR | $4,500 | $2,425 | +$2,075 (+85.6%) |
| 2BR | $7,265 | $2,914 | +$4,352 (+149.4%) |
| 2BR | $4,850 | $2,914 | +$1,937 (+66.5%) |
| 2BR | $6,895 | $2,914 | +$3,982 (+136.7%) |
| 3BR | $7,373 | $3,600 | +$3,773 (+104.8%) |
| 3BR | $6,850 | $3,600 | +$3,250 (+90.3%) |
| 3BR | $12,474 | $3,600 | +$8,874 (+246.5%) |
| 4BR | $9,648 | $4,250 | +$5,398 (+127.0%) |
| 4BR | $17,500 | $4,250 | +$13,250 (+311.8%) |
| 4BR | $7,995 | $4,250 | +$3,745 (+88.1%) |
Citywide figure is the median of zip-level medians across 176 New York City zip codes with listings in May 2024.