Monthly Rent Report
Murray Hill Rent Report — March 2024
Asking rents in ZIP 10016, New York City, from 823 listings.
Median 1BR rent in Murray Hill was $5,713 in March 2024, up 37.5% (+$1,560) from February 2024 and up 7.7% year-over-year. The middle half of 1BR listings asked between $4,685 and $6,022. That puts Murray Hill $3,214 above the New York City citywide 1BR median of $2,499. The month's figures are based on 823 listings across 20 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. February 2024 | Vs. March 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $3,650 | +$281 (+8.3%) | −$186 (-4.8%) | $3,056 – $3,969 | 100 |
| Studio | $3,689 | +$320 (+9.5%) | −$147 (-3.8%) | $3,689 – $3,689 | 1 |
| Studio | $4,367 | +$998 (+29.6%) | +$531 (+13.8%) | $3,483 – $4,377 | 43 |
| Studio | $3,350 | −$19 (-0.6%) | −$486 (-12.7%) | $3,225 – $3,420 | 12 |
| 1BR | $5,713 | +$1,560 (+37.5%) | +$409 (+7.7%) | $4,685 – $6,022 | 212 |
| 1BR | $4,400 | +$247 (+5.9%) | −$904 (-17.0%) | $4,400 – $4,400 | 1 |
| 1BR | $4,436 | +$282 (+6.8%) | −$868 (-16.4%) | $3,750 – $5,095 | 158 |
| 1BR | $4,395 | +$242 (+5.8%) | −$909 (-17.1%) | $4,034 – $4,743 | 14 |
| 2BR | $5,998 | +$798 (+15.3%) | +$248 (+4.3%) | $4,600 – $7,400 | 112 |
| 2BR | $5,795 | +$595 (+11.4%) | +$45 (+0.8%) | $5,563 – $5,938 | 6 |
| 2BR | $4,825 | −$375 (-7.2%) | −$925 (-16.1%) | $4,560 – $5,090 | 2 |
| 2BR | $8,318 | +$3,118 (+60.0%) | +$2,568 (+44.7%) | $6,361 – $9,730 | 85 |
| 3BR | $6,705 | −$230 (-3.3%) | +$205 (+3.2%) | $5,898 – $7,922 | 27 |
| 3BR | $7,555 | +$620 (+8.9%) | +$1,055 (+16.2%) | $7,488 – $7,735 | 6 |
| 3BR | $3,940 | −$2,995 (-43.2%) | −$2,560 (-39.4%) | $3,885 – $6,789 | 3 |
| 3BR | $7,797 | +$862 (+12.4%) | +$1,297 (+20.0%) | $7,500 – $13,500 | 29 |
| 4BR | $8,263 | −$732 (-8.1%) | −$487 (-5.6%) | $8,038 – $8,799 | 6 |
| 4BR | $6,745 | −$2,250 (-25.0%) | −$2,005 (-22.9%) | $5,805 – $7,685 | 2 |
Median, P25, and P75 are asking rents from listings posted in March 2024. Changes compare against the nearest prior month with data.
Murray Hill vs. New York City — March 2024
| Bedrooms | Murray Hill Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $3,650 | $2,450 | +$1,200 (+49.0%) |
| Studio | $3,689 | $2,450 | +$1,239 (+50.6%) |
| Studio | $4,367 | $2,450 | +$1,917 (+78.2%) |
| Studio | $3,350 | $2,450 | +$900 (+36.7%) |
| 1BR | $5,713 | $2,499 | +$3,214 (+128.6%) |
| 1BR | $4,400 | $2,499 | +$1,901 (+76.1%) |
| 1BR | $4,436 | $2,499 | +$1,937 (+77.5%) |
| 1BR | $4,395 | $2,499 | +$1,896 (+75.9%) |
| 2BR | $5,998 | $2,995 | +$3,003 (+100.3%) |
| 2BR | $5,795 | $2,995 | +$2,801 (+93.5%) |
| 2BR | $4,825 | $2,995 | +$1,831 (+61.1%) |
| 2BR | $8,318 | $2,995 | +$5,324 (+177.8%) |
| 3BR | $6,705 | $3,500 | +$3,205 (+91.6%) |
| 3BR | $7,555 | $3,500 | +$4,055 (+115.9%) |
| 3BR | $3,940 | $3,500 | +$440 (+12.6%) |
| 3BR | $7,797 | $3,500 | +$4,297 (+122.8%) |
| 4BR | $8,263 | $4,250 | +$4,013 (+94.4%) |
| 4BR | $6,745 | $4,250 | +$2,496 (+58.7%) |
Citywide figure is the median of zip-level medians across 175 New York City zip codes with listings in March 2024.