Monthly Rent Report
Murray Hill Rent Report — October 2023
Asking rents in ZIP 10016, New York City, from 332 listings.
Median 1BR rent in Murray Hill was $3,728 in October 2023, down 17.2% (−$772) from September 2023. The middle half of 1BR listings asked between $3,650 and $4,192. That puts Murray Hill $1,278 above the New York City citywide 1BR median of $2,450. The month's figures are based on 332 listings across 17 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. September 2023 | Vs. Year Ago | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $3,000 | −$499 (-14.3%) | — | $2,950 – $3,050 | 2 |
| Studio | $3,395 | −$104 (-3.0%) | — | $2,900 – $3,925 | 49 |
| Studio | $3,550 | +$51 (+1.5%) | — | $3,075 – $4,025 | 2 |
| 1BR | $3,728 | −$772 (-17.2%) | — | $3,650 – $4,192 | 4 |
| 1BR | $4,398 | −$102 (-2.3%) | — | $4,250 – $4,500 | 8 |
| 1BR | $4,425 | −$75 (-1.7%) | — | $3,798 – $5,195 | 103 |
| 2BR | $5,395 | −$1,105 (-17.0%) | — | $5,395 – $5,395 | 1 |
| 2BR | $5,200 | −$1,300 (-20.0%) | — | $3,999 – $6,984 | 34 |
| 2BR | $6,425 | −$75 (-1.2%) | — | $4,840 – $8,300 | 68 |
| 3BR | $7,870 | +$21 (+0.3%) | — | $5,321 – $11,277 | 24 |
| 3BR | $5,500 | −$2,349 (-29.9%) | — | $5,250 – $8,200 | 19 |
| 3BR | $6,895 | −$954 (-12.2%) | — | $6,895 – $6,895 | 1 |
| 4BR | $15,500 | +$6,500 (+72.2%) | — | $15,500 – $15,500 | 1 |
| 4BR | $15,500 | +$6,500 (+72.2%) | — | $8,400 – $16,000 | 5 |
| 4BR | $8,990 | −$10 (-0.1%) | — | $8,808 – $9,120 | 3 |
Median, P25, and P75 are asking rents from listings posted in October 2023. Changes compare against the nearest prior month with data.
Murray Hill vs. New York City — October 2023
| Bedrooms | Murray Hill Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $3,000 | $2,411 | +$590 (+24.5%) |
| Studio | $3,395 | $2,411 | +$985 (+40.8%) |
| Studio | $3,550 | $2,411 | +$1,140 (+47.3%) |
| 1BR | $3,728 | $2,450 | +$1,278 (+52.2%) |
| 1BR | $4,398 | $2,450 | +$1,948 (+79.5%) |
| 1BR | $4,425 | $2,450 | +$1,975 (+80.6%) |
| 2BR | $5,395 | $2,900 | +$2,495 (+86.0%) |
| 2BR | $5,200 | $2,900 | +$2,300 (+79.3%) |
| 2BR | $6,425 | $2,900 | +$3,525 (+121.6%) |
| 3BR | $7,870 | $3,349 | +$4,521 (+135.0%) |
| 3BR | $5,500 | $3,349 | +$2,151 (+64.2%) |
| 3BR | $6,895 | $3,349 | +$3,546 (+105.9%) |
| 4BR | $15,500 | $4,200 | +$11,300 (+269.0%) |
| 4BR | $15,500 | $4,200 | +$11,300 (+269.0%) |
| 4BR | $8,990 | $4,200 | +$4,790 (+114.0%) |
Citywide figure is the median of zip-level medians across 174 New York City zip codes with listings in October 2023.