Monthly Rent Report
Murray Hill Rent Report — August 2023
Asking rents in ZIP 10016, New York City, from 383 listings.
Median 1BR rent in Murray Hill was $4,350 in August 2023, down 15.2% (−$780) from July 2023. The middle half of 1BR listings asked between $4,350 and $4,350. That puts Murray Hill $2,000 above the New York City citywide 1BR median of $2,350. The month's figures are based on 383 listings across 17 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. July 2023 | Vs. Year Ago | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $3,625 | +$78 (+2.2%) | — | $2,950 – $4,045 | 9 |
| Studio | $4,466 | +$919 (+25.9%) | — | $4,466 – $4,466 | 1 |
| Studio | $3,880 | +$333 (+9.4%) | — | $3,880 – $3,880 | 1 |
| 1BR | $4,350 | −$780 (-15.2%) | — | $4,350 – $4,350 | 1 |
| 1BR | $5,395 | +$265 (+5.2%) | — | $5,395 – $5,395 | 1 |
| 1BR | $4,400 | −$730 (-14.2%) | — | $4,400 – $4,400 | 5 |
| 2BR | $6,500 | −$495 (-7.1%) | — | $6,500 – $6,500 | 1 |
| 2BR | $9,200 | +$2,205 (+31.5%) | — | $9,200 – $9,200 | 12 |
| 2BR | $6,549 | −$446 (-6.4%) | — | $5,200 – $8,131 | 317 |
| 3BR | $9,175 | −$5,864 (-39.0%) | — | $9,175 – $9,175 | 1 |
| 3BR | $4,670 | −$10,369 (-68.9%) | — | $4,670 – $4,670 | 1 |
| 3BR | $7,500 | −$7,539 (-50.1%) | — | $7,500 – $7,500 | 1 |
| 4BR | $9,000 | −$150 (-1.6%) | — | $8,800 – $9,665 | 5 |
| 4BR | $8,903 | −$247 (-2.7%) | — | $7,454 – $9,358 | 4 |
| 4BR | $9,850 | +$700 (+7.7%) | — | $8,800 – $15,540 | 21 |
Median, P25, and P75 are asking rents from listings posted in August 2023. Changes compare against the nearest prior month with data.
Murray Hill vs. New York City — August 2023
| Bedrooms | Murray Hill Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $3,625 | $2,490 | +$1,135 (+45.6%) |
| Studio | $4,466 | $2,490 | +$1,976 (+79.4%) |
| Studio | $3,880 | $2,490 | +$1,390 (+55.8%) |
| 1BR | $4,350 | $2,350 | +$2,000 (+85.1%) |
| 1BR | $5,395 | $2,350 | +$3,045 (+129.6%) |
| 1BR | $4,400 | $2,350 | +$2,050 (+87.2%) |
| 2BR | $6,500 | $2,859 | +$3,641 (+127.4%) |
| 2BR | $9,200 | $2,859 | +$6,341 (+221.8%) |
| 2BR | $6,549 | $2,859 | +$3,690 (+129.1%) |
| 3BR | $9,175 | $3,413 | +$5,763 (+168.9%) |
| 3BR | $4,670 | $3,413 | +$1,258 (+36.8%) |
| 3BR | $7,500 | $3,413 | +$4,088 (+119.8%) |
| 4BR | $9,000 | $4,200 | +$4,800 (+114.3%) |
| 4BR | $8,903 | $4,200 | +$4,703 (+112.0%) |
| 4BR | $9,850 | $4,200 | +$5,650 (+134.5%) |
Citywide figure is the median of zip-level medians across 175 New York City zip codes with listings in August 2023.