Monthly Rent Report
Murray Hill Rent Report — February 2024
Asking rents in ZIP 10016, New York City, from 1,087 listings.
Median 1BR rent in Murray Hill was $4,300 in February 2024, up 6.0% (+$245) from January 2024 and up 7.6% year-over-year. The middle half of 1BR listings asked between $3,700 and $4,997. That puts Murray Hill $1,850 above the New York City citywide 1BR median of $2,450. The month's figures are based on 1,087 listings across 22 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. January 2024 | Vs. February 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $3,400 | +$200 (+6.3%) | +$400 (+13.3%) | $3,000 – $3,872 | 135 |
| Studio | $2,900 | −$300 (-9.4%) | −$100 (-3.3%) | $2,675 – $3,450 | 43 |
| Studio | $3,370 | +$170 (+5.3%) | +$370 (+12.3%) | $3,210 – $3,529 | 2 |
| Studio | $3,595 | +$395 (+12.3%) | +$595 (+19.8%) | $3,495 – $3,695 | 9 |
| 1BR | $4,300 | +$245 (+6.0%) | +$303 (+7.6%) | $3,700 – $4,997 | 319 |
| 1BR | $4,995 | +$940 (+23.2%) | +$998 (+25.0%) | $4,323 – $5,895 | 3 |
| 1BR | $4,154 | +$99 (+2.4%) | +$156 (+3.9%) | $3,100 – $4,872 | 128 |
| 1BR | $4,150 | +$95 (+2.3%) | +$153 (+3.8%) | $3,988 – $4,538 | 11 |
| 2BR | $4,295 | −$400 (-8.5%) | −$700 (-14.0%) | $4,295 – $4,595 | 3 |
| 2BR | $5,675 | +$980 (+20.9%) | +$680 (+13.6%) | $5,675 – $5,675 | 2 |
| 2BR | $6,000 | +$1,305 (+27.8%) | +$1,005 (+20.1%) | $4,640 – $7,700 | 217 |
| 2BR | $5,200 | +$505 (+10.8%) | +$205 (+4.1%) | $3,825 – $6,623 | 91 |
| 3BR | $7,500 | +$365 (+5.1%) | +$1,116 (+17.5%) | $7,391 – $7,605 | 4 |
| 3BR | $6,900 | −$235 (-3.3%) | +$516 (+8.1%) | $5,650 – $8,084 | 53 |
| 3BR | $7,666 | +$531 (+7.4%) | +$1,282 (+20.1%) | $5,900 – $8,052 | 33 |
| 3BR | $6,935 | −$200 (-2.8%) | +$551 (+8.6%) | $5,418 – $8,286 | 3 |
| 4BR | $8,100 | +$105 (+1.3%) | +$3,275 (+67.9%) | $7,913 – $8,550 | 16 |
| 4BR | $8,500 | +$505 (+6.3%) | +$3,675 (+76.2%) | $8,200 – $11,950 | 7 |
| 4BR | $8,995 | +$1,000 (+12.5%) | +$4,170 (+86.4%) | $8,995 – $8,995 | 1 |
Median, P25, and P75 are asking rents from listings posted in February 2024. Changes compare against the nearest prior month with data.
Murray Hill vs. New York City — February 2024
| Bedrooms | Murray Hill Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $3,400 | $2,359 | +$1,041 (+44.1%) |
| Studio | $2,900 | $2,359 | +$541 (+22.9%) |
| Studio | $3,370 | $2,359 | +$1,011 (+42.9%) |
| Studio | $3,595 | $2,359 | +$1,236 (+52.4%) |
| 1BR | $4,300 | $2,450 | +$1,850 (+75.5%) |
| 1BR | $4,995 | $2,450 | +$2,545 (+103.9%) |
| 1BR | $4,154 | $2,450 | +$1,704 (+69.5%) |
| 1BR | $4,150 | $2,450 | +$1,700 (+69.4%) |
| 2BR | $4,295 | $2,979 | +$1,316 (+44.2%) |
| 2BR | $5,675 | $2,979 | +$2,696 (+90.5%) |
| 2BR | $6,000 | $2,979 | +$3,021 (+101.4%) |
| 2BR | $5,200 | $2,979 | +$2,221 (+74.6%) |
| 3BR | $7,500 | $3,500 | +$4,000 (+114.3%) |
| 3BR | $6,900 | $3,500 | +$3,400 (+97.1%) |
| 3BR | $7,666 | $3,500 | +$4,166 (+119.0%) |
| 3BR | $6,935 | $3,500 | +$3,435 (+98.1%) |
| 4BR | $8,100 | $4,148 | +$3,953 (+95.3%) |
| 4BR | $8,500 | $4,148 | +$4,353 (+104.9%) |
| 4BR | $8,995 | $4,148 | +$4,848 (+116.9%) |
Citywide figure is the median of zip-level medians across 174 New York City zip codes with listings in February 2024.