Monthly Rent Report
Midtown West Rent Report — August 2023
Asking rents in ZIP 10036, New York City, from 68 listings.
Median 1BR rent in Midtown West was $4,390 in August 2023, down 9.9% (−$485) from July 2023 and down 3.5% year-over-year. The middle half of 1BR listings asked between $4,175 and $4,583. That puts Midtown West $2,040 above the New York City citywide 1BR median of $2,350. The month's figures are based on 68 listings across 19 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. July 2023 | Vs. August 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $3,423 | −$352 (-9.3%) | +$23 (+0.7%) | $3,423 – $3,423 | 1 |
| Studio | $4,088 | +$313 (+8.3%) | +$688 (+20.2%) | $3,856 – $4,213 | 14 |
| Studio | $2,475 | −$1,300 (-34.4%) | −$925 (-27.2%) | $2,363 – $2,718 | 3 |
| 1BR | $4,390 | −$485 (-9.9%) | −$160 (-3.5%) | $4,175 – $4,583 | 3 |
| 1BR | $3,200 | −$1,675 (-34.4%) | −$1,350 (-29.7%) | $2,850 – $3,595 | 9 |
| 1BR | $4,469 | −$406 (-8.3%) | −$81 (-1.8%) | $4,469 – $4,469 | 1 |
| 2BR | $5,294 | −$1,503 (-22.1%) | −$1,407 (-21.0%) | $4,745 – $5,844 | 2 |
| 2BR | $4,498 | −$2,300 (-33.8%) | −$2,203 (-32.9%) | $4,271 – $5,424 | 4 |
| 2BR | $6,900 | +$103 (+1.5%) | +$199 (+3.0%) | $6,900 – $6,900 | 1 |
| 3BR | $7,450 | +$1,505 (+25.3%) | +$2,950 (+65.6%) | $6,525 – $9,900 | 4 |
| 3BR | $8,825 | +$2,880 (+48.4%) | +$4,325 (+96.1%) | $6,810 – $8,910 | 3 |
| 3BR | $8,995 | +$3,050 (+51.3%) | +$4,495 (+99.9%) | $8,995 – $8,995 | 1 |
| 4BR | $6,823 | −$1,172 (-14.7%) | −$927 (-12.0%) | $5,911 – $8,046 | 8 |
| 4BR | $6,500 | −$1,495 (-18.7%) | −$1,250 (-16.1%) | $6,500 – $6,500 | 1 |
| 4BR | $7,695 | −$300 (-3.8%) | −$55 (-0.7%) | $7,695 – $7,695 | 1 |
| 4BR | $8,498 | +$503 (+6.3%) | +$748 (+9.6%) | $6,746 – $10,249 | 2 |
Median, P25, and P75 are asking rents from listings posted in August 2023. Changes compare against the nearest prior month with data.
Midtown West vs. New York City — August 2023
| Bedrooms | Midtown West Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $3,423 | $2,490 | +$933 (+37.5%) |
| Studio | $4,088 | $2,490 | +$1,598 (+64.2%) |
| Studio | $2,475 | $2,490 | −$15 (-0.6%) |
| 1BR | $4,390 | $2,350 | +$2,040 (+86.8%) |
| 1BR | $3,200 | $2,350 | +$850 (+36.2%) |
| 1BR | $4,469 | $2,350 | +$2,119 (+90.2%) |
| 2BR | $5,294 | $2,859 | +$2,435 (+85.2%) |
| 2BR | $4,498 | $2,859 | +$1,639 (+57.3%) |
| 2BR | $6,900 | $2,859 | +$4,041 (+141.3%) |
| 3BR | $7,450 | $3,413 | +$4,038 (+118.3%) |
| 3BR | $8,825 | $3,413 | +$5,413 (+158.6%) |
| 3BR | $8,995 | $3,413 | +$5,583 (+163.6%) |
| 4BR | $6,823 | $4,200 | +$2,623 (+62.4%) |
| 4BR | $6,500 | $4,200 | +$2,300 (+54.8%) |
| 4BR | $7,695 | $4,200 | +$3,495 (+83.2%) |
| 4BR | $8,498 | $4,200 | +$4,298 (+102.3%) |
Citywide figure is the median of zip-level medians across 175 New York City zip codes with listings in August 2023.