Monthly Rent Report
Murray Hill Rent Report — May 2023
Asking rents in ZIP 10016, New York City, from 977 listings.
Median 1BR rent in Murray Hill was $4,645 in May 2023, up 4.4% (+$195) from April 2023. The middle half of 1BR listings asked between $4,145 and $5,278. That puts Murray Hill $2,168 above the New York City citywide 1BR median of $2,477. The month's figures are based on 977 listings across 15 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. April 2023 | Vs. Year Ago | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $3,695 | −$105 (-2.8%) | — | $3,695 – $3,695 | 1 |
| Studio | $3,610 | −$190 (-5.0%) | — | $3,200 – $3,935 | 25 |
| Studio | $3,500 | −$300 (-7.9%) | — | $3,100 – $4,270 | 178 |
| 1BR | $4,645 | +$195 (+4.4%) | — | $4,145 – $5,278 | 56 |
| 1BR | $4,640 | +$190 (+4.3%) | — | $4,633 – $5,390 | 3 |
| 1BR | $4,500 | +$50 (+1.1%) | — | $4,000 – $5,459 | 315 |
| 2BR | $6,220 | +$390 (+6.7%) | — | $4,524 – $8,295 | 246 |
| 2BR | $6,600 | +$770 (+13.2%) | — | $5,125 – $8,575 | 31 |
| 2BR | $6,913 | +$1,083 (+18.6%) | — | $6,913 – $6,913 | 1 |
| 3BR | $7,295 | −$18 (-0.3%) | — | $6,175 – $8,605 | 87 |
| 3BR | $5,992 | −$1,322 (-18.1%) | — | $4,982 – $7,001 | 2 |
| 3BR | $8,102 | +$788 (+10.8%) | — | $7,918 – $8,865 | 10 |
| 4BR | $8,500 | −$3,500 (-29.2%) | — | $7,495 – $10,000 | 17 |
| 4BR | $8,450 | −$3,550 (-29.6%) | — | $8,175 – $8,725 | 2 |
| 4BR | $10,035 | −$1,965 (-16.4%) | — | $9,818 – $10,110 | 3 |
Median, P25, and P75 are asking rents from listings posted in May 2023. Changes compare against the nearest prior month with data.
Murray Hill vs. New York City — May 2023
| Bedrooms | Murray Hill Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $3,695 | $2,450 | +$1,245 (+50.8%) |
| Studio | $3,610 | $2,450 | +$1,160 (+47.3%) |
| Studio | $3,500 | $2,450 | +$1,050 (+42.9%) |
| 1BR | $4,645 | $2,477 | +$2,168 (+87.5%) |
| 1BR | $4,640 | $2,477 | +$2,163 (+87.3%) |
| 1BR | $4,500 | $2,477 | +$2,023 (+81.7%) |
| 2BR | $6,220 | $2,800 | +$3,420 (+122.1%) |
| 2BR | $6,600 | $2,800 | +$3,800 (+135.7%) |
| 2BR | $6,913 | $2,800 | +$4,113 (+146.9%) |
| 3BR | $7,295 | $3,225 | +$4,070 (+126.2%) |
| 3BR | $5,992 | $3,225 | +$2,767 (+85.8%) |
| 3BR | $8,102 | $3,225 | +$4,877 (+151.2%) |
| 4BR | $8,500 | $4,000 | +$4,500 (+112.5%) |
| 4BR | $8,450 | $4,000 | +$4,450 (+111.3%) |
| 4BR | $10,035 | $4,000 | +$6,035 (+150.9%) |
Citywide figure is the median of zip-level medians across 174 New York City zip codes with listings in May 2023.