Monthly Rent Report
Murray Hill Rent Report — January 2024
Asking rents in ZIP 10016, New York City, from 351 listings.
Median 1BR rent in Murray Hill was $5,895 in January 2024, up 58.4% (+$2,173) from December 2023 and up 42.9% year-over-year. The middle half of 1BR listings asked between $5,445 and $6,345. That puts Murray Hill $3,545 above the New York City citywide 1BR median of $2,350. The month's figures are based on 351 listings across 20 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. December 2023 | Vs. January 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $3,200 | +$178 (+5.9%) | −$100 (-3.0%) | $2,995 – $3,935 | 29 |
| Studio | $3,395 | +$373 (+12.3%) | +$95 (+2.9%) | $3,273 – $3,542 | 3 |
| Studio | $2,995 | −$27 (-0.9%) | −$305 (-9.2%) | $2,395 – $3,350 | 33 |
| Studio | $3,638 | +$615 (+20.3%) | +$338 (+10.2%) | $3,480 – $3,780 | 12 |
| 1BR | $5,895 | +$2,173 (+58.4%) | +$1,770 (+42.9%) | $5,445 – $6,345 | 2 |
| 1BR | $4,225 | +$503 (+13.5%) | +$100 (+2.4%) | $3,675 – $5,003 | 54 |
| 1BR | $4,055 | +$333 (+8.9%) | −$70 (-1.7%) | $3,795 – $4,095 | 10 |
| 1BR | $3,600 | −$122 (-3.3%) | −$525 (-12.7%) | $3,095 – $4,625 | 73 |
| 2BR | $5,295 | −$1,602 (-23.2%) | −$1,655 (-23.8%) | $5,291 – $5,351 | 6 |
| 2BR | $4,695 | −$2,202 (-31.9%) | −$2,255 (-32.4%) | $4,050 – $6,625 | 47 |
| 2BR | $5,865 | −$1,032 (-15.0%) | −$1,085 (-15.6%) | $4,398 – $7,393 | 35 |
| 2BR | $4,894 | −$2,003 (-29.0%) | −$2,056 (-29.6%) | $4,894 – $4,894 | 1 |
| 3BR | $4,950 | −$1,650 (-25.0%) | −$1,963 (-28.4%) | $4,950 – $4,950 | 1 |
| 3BR | $7,135 | +$535 (+8.1%) | +$222 (+3.2%) | $6,198 – $9,498 | 11 |
| 3BR | $6,950 | +$350 (+5.3%) | +$37 (+0.5%) | $5,238 – $8,900 | 24 |
| 4BR | $8,200 | −$600 (-6.8%) | −$665 (-7.5%) | $8,098 – $8,463 | 3 |
| 4BR | $7,995 | −$805 (-9.1%) | −$870 (-9.8%) | $7,995 – $7,995 | 1 |
| 4BR | $6,375 | −$2,425 (-27.6%) | −$2,490 (-28.1%) | $6,350 – $6,850 | 4 |
Median, P25, and P75 are asking rents from listings posted in January 2024. Changes compare against the nearest prior month with data.
Murray Hill vs. New York City — January 2024
| Bedrooms | Murray Hill Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $3,200 | $2,338 | +$863 (+36.9%) |
| Studio | $3,395 | $2,338 | +$1,058 (+45.2%) |
| Studio | $2,995 | $2,338 | +$658 (+28.1%) |
| Studio | $3,638 | $2,338 | +$1,300 (+55.6%) |
| 1BR | $5,895 | $2,350 | +$3,545 (+150.9%) |
| 1BR | $4,225 | $2,350 | +$1,875 (+79.8%) |
| 1BR | $4,055 | $2,350 | +$1,705 (+72.6%) |
| 1BR | $3,600 | $2,350 | +$1,250 (+53.2%) |
| 2BR | $5,295 | $2,885 | +$2,410 (+83.5%) |
| 2BR | $4,695 | $2,885 | +$1,810 (+62.7%) |
| 2BR | $5,865 | $2,885 | +$2,980 (+103.3%) |
| 2BR | $4,894 | $2,885 | +$2,009 (+69.6%) |
| 3BR | $4,950 | $3,443 | +$1,507 (+43.8%) |
| 3BR | $7,135 | $3,443 | +$3,692 (+107.2%) |
| 3BR | $6,950 | $3,443 | +$3,507 (+101.8%) |
| 4BR | $8,200 | $4,000 | +$4,200 (+105.0%) |
| 4BR | $7,995 | $4,000 | +$3,995 (+99.9%) |
| 4BR | $6,375 | $4,000 | +$2,375 (+59.4%) |
Citywide figure is the median of zip-level medians across 174 New York City zip codes with listings in January 2024.