Monthly Rent Report
Murray Hill Rent Report — July 2024
Asking rents in ZIP 10016, New York City, from 564 listings.
Median 1BR rent in Murray Hill was $5,000 in July 2024, up 6.5% (+$305) from June 2024 and up 35.3% year-over-year. The middle half of 1BR listings asked between $4,200 and $5,837. That puts Murray Hill $2,500 above the New York City citywide 1BR median of $2,500. The month's figures are based on 564 listings across 19 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. June 2024 | Vs. July 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $3,100 | −$400 (-11.4%) | −$1,045 (-25.2%) | $3,100 – $3,100 | 1 |
| Studio | $3,718 | +$218 (+6.2%) | −$427 (-10.3%) | $3,711 – $3,724 | 2 |
| Studio | $3,400 | −$100 (-2.9%) | −$745 (-18.0%) | $3,400 – $3,400 | 5 |
| Studio | $3,665 | +$165 (+4.7%) | −$480 (-11.6%) | $3,000 – $4,010 | 71 |
| 1BR | $5,000 | +$305 (+6.5%) | +$1,305 (+35.3%) | $4,200 – $5,837 | 237 |
| 1BR | $5,500 | +$805 (+17.1%) | +$1,805 (+48.8%) | $5,500 – $5,500 | 1 |
| 1BR | $4,850 | +$155 (+3.3%) | +$1,155 (+31.3%) | $4,238 – $5,311 | 103 |
| 1BR | $4,730 | +$35 (+0.7%) | +$1,035 (+28.0%) | $4,628 – $4,869 | 4 |
| 2BR | $5,558 | −$1,542 (-21.7%) | −$1,137 (-17.0%) | $5,526 – $5,589 | 2 |
| 2BR | $6,195 | −$905 (-12.7%) | −$500 (-7.5%) | $4,998 – $8,097 | 63 |
| 2BR | $9,000 | +$1,900 (+26.8%) | +$2,305 (+34.4%) | $9,000 – $9,000 | 1 |
| 3BR | $4,000 | −$4,384 (-52.3%) | −$4,270 (-51.6%) | $3,923 – $5,350 | 3 |
| 3BR | $8,500 | +$116 (+1.4%) | +$230 (+2.8%) | $6,850 – $8,792 | 31 |
| 3BR | $7,250 | −$1,134 (-13.5%) | −$1,020 (-12.3%) | $6,438 – $9,396 | 24 |
| 4BR | $9,250 | −$1,670 (-15.3%) | +$4,140 (+81.0%) | $6,875 – $10,375 | 3 |
| 4BR | $9,900 | −$1,020 (-9.3%) | +$4,790 (+93.7%) | $5,195 – $10,300 | 5 |
| 4BR | $9,150 | −$1,770 (-16.2%) | +$4,040 (+79.1%) | $8,259 – $9,794 | 6 |
Median, P25, and P75 are asking rents from listings posted in July 2024. Changes compare against the nearest prior month with data.
Murray Hill vs. New York City — July 2024
| Bedrooms | Murray Hill Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $3,100 | $2,800 | +$300 (+10.7%) |
| Studio | $3,718 | $2,800 | +$918 (+32.8%) |
| Studio | $3,400 | $2,800 | +$600 (+21.4%) |
| Studio | $3,665 | $2,800 | +$865 (+30.9%) |
| 1BR | $5,000 | $2,500 | +$2,500 (+100.0%) |
| 1BR | $5,500 | $2,500 | +$3,000 (+120.0%) |
| 1BR | $4,850 | $2,500 | +$2,350 (+94.0%) |
| 1BR | $4,730 | $2,500 | +$2,230 (+89.2%) |
| 2BR | $5,558 | $3,000 | +$2,558 (+85.3%) |
| 2BR | $6,195 | $3,000 | +$3,195 (+106.5%) |
| 2BR | $9,000 | $3,000 | +$6,000 (+200.0%) |
| 3BR | $4,000 | $3,606 | +$394 (+10.9%) |
| 3BR | $8,500 | $3,606 | +$4,894 (+135.7%) |
| 3BR | $7,250 | $3,606 | +$3,644 (+101.1%) |
| 4BR | $9,250 | $4,500 | +$4,750 (+105.6%) |
| 4BR | $9,900 | $4,500 | +$5,400 (+120.0%) |
| 4BR | $9,150 | $4,500 | +$4,650 (+103.3%) |
Citywide figure is the median of zip-level medians across 176 New York City zip codes with listings in July 2024.