Monthly Rent Report
Murray Hill Rent Report — May 2024
Asking rents in ZIP 10016, New York City, from 1,739 listings.
Median 1BR rent in Murray Hill was $4,786 in May 2024, up 2.4% (+$111) from April 2024 and up 6.4% year-over-year. The middle half of 1BR listings asked between $4,126 and $5,639. That puts Murray Hill $2,361 above the New York City citywide 1BR median of $2,425. The month's figures are based on 1,739 listings across 21 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. April 2024 | Vs. May 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $3,595 | +$495 (+16.0%) | +$95 (+2.7%) | $3,100 – $4,337 | 180 |
| Studio | $3,689 | +$589 (+19.0%) | +$189 (+5.4%) | $3,689 – $3,689 | 1 |
| Studio | $3,540 | +$440 (+14.2%) | +$40 (+1.1%) | $3,100 – $4,195 | 127 |
| Studio | $3,795 | +$695 (+22.4%) | +$295 (+8.4%) | $3,775 – $4,280 | 9 |
| 1BR | $4,786 | +$111 (+2.4%) | +$286 (+6.4%) | $4,126 – $5,639 | 219 |
| 1BR | $5,040 | +$365 (+7.8%) | +$540 (+12.0%) | $4,027 – $5,735 | 560 |
| 1BR | $5,095 | +$420 (+9.0%) | +$595 (+13.2%) | $5,095 – $5,095 | 1 |
| 1BR | $4,595 | −$80 (-1.7%) | +$95 (+2.1%) | $4,220 – $4,750 | 9 |
| 2BR | $6,145 | −$405 (-6.2%) | −$768 (-11.1%) | $4,725 – $7,835 | 166 |
| 2BR | $6,750 | +$200 (+3.1%) | −$163 (-2.4%) | $6,750 – $6,750 | 1 |
| 2BR | $1,475 | −$5,075 (-77.5%) | −$5,438 (-78.7%) | $1,475 – $1,475 | 1 |
| 2BR | $6,536 | −$14 (-0.2%) | −$377 (-5.5%) | $4,395 – $8,080 | 278 |
| 3BR | $3,935 | −$4,360 (-52.6%) | −$4,166 (-51.4%) | $3,935 – $3,935 | 1 |
| 3BR | $7,500 | −$795 (-9.6%) | −$601 (-7.4%) | $6,400 – $11,700 | 57 |
| 3BR | $7,919 | −$376 (-4.5%) | −$183 (-2.3%) | $6,923 – $9,002 | 80 |
| 4BR | $7,443 | −$1,607 (-17.8%) | −$2,592 (-25.8%) | $6,276 – $8,609 | 2 |
| 4BR | $9,200 | +$150 (+1.7%) | −$835 (-8.3%) | $8,813 – $10,000 | 22 |
| 4BR | $8,300 | −$750 (-8.3%) | −$1,735 (-17.3%) | $8,000 – $10,000 | 17 |
Median, P25, and P75 are asking rents from listings posted in May 2024. Changes compare against the nearest prior month with data.
Murray Hill vs. New York City — May 2024
| Bedrooms | Murray Hill Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $3,595 | $2,350 | +$1,245 (+53.0%) |
| Studio | $3,689 | $2,350 | +$1,339 (+57.0%) |
| Studio | $3,540 | $2,350 | +$1,190 (+50.6%) |
| Studio | $3,795 | $2,350 | +$1,445 (+61.5%) |
| 1BR | $4,786 | $2,425 | +$2,361 (+97.4%) |
| 1BR | $5,040 | $2,425 | +$2,615 (+107.8%) |
| 1BR | $5,095 | $2,425 | +$2,670 (+110.1%) |
| 1BR | $4,595 | $2,425 | +$2,170 (+89.5%) |
| 2BR | $6,145 | $2,914 | +$3,232 (+110.9%) |
| 2BR | $6,750 | $2,914 | +$3,837 (+131.7%) |
| 2BR | $1,475 | $2,914 | −$1,438 (-49.4%) |
| 2BR | $6,536 | $2,914 | +$3,623 (+124.3%) |
| 3BR | $3,935 | $3,600 | +$335 (+9.3%) |
| 3BR | $7,500 | $3,600 | +$3,900 (+108.3%) |
| 3BR | $7,919 | $3,600 | +$4,319 (+120.0%) |
| 4BR | $7,443 | $4,250 | +$3,193 (+75.1%) |
| 4BR | $9,200 | $4,250 | +$4,950 (+116.5%) |
| 4BR | $8,300 | $4,250 | +$4,050 (+95.3%) |
Citywide figure is the median of zip-level medians across 176 New York City zip codes with listings in May 2024.