Monthly Rent Report
Murray Hill Rent Report — August 2024
Asking rents in ZIP 10016, New York City, from 33 listings.
Median 1BR rent in Murray Hill was $2,850 in August 2024, down 39.7% (−$1,880) from July 2024 and down 35.2% year-over-year. The middle half of 1BR listings asked between $2,800 and $3,200. That puts Murray Hill $460 above the New York City citywide 1BR median of $2,390. The month's figures are based on 33 listings across 9 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. July 2024 | Vs. August 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,495 | −$605 (-19.5%) | −$1,971 (-44.1%) | $2,445 – $2,495 | 3 |
| Studio | $3,744 | +$644 (+20.8%) | −$722 (-16.2%) | $3,596 – $3,958 | 5 |
| 1BR | $2,850 | −$1,880 (-39.7%) | −$1,550 (-35.2%) | $2,800 – $3,200 | 11 |
| 1BR | $5,140 | +$410 (+8.7%) | +$740 (+16.8%) | $5,140 – $5,140 | 1 |
| 2BR | $6,987 | +$1,430 (+25.7%) | −$2,213 (-24.1%) | $6,892 – $7,082 | 2 |
| 3BR | $5,000 | −$3,500 (-41.2%) | −$2,500 (-33.3%) | $5,000 – $5,000 | 2 |
| 3BR | $5,753 | −$2,747 (-32.3%) | −$1,747 (-23.3%) | $5,314 – $6,191 | 2 |
| 4BR | $4,500 | −$5,400 (-54.5%) | −$5,350 (-54.3%) | $4,500 – $4,500 | 1 |
Median, P25, and P75 are asking rents from listings posted in August 2024. Changes compare against the nearest prior month with data.
Murray Hill vs. New York City — August 2024
| Bedrooms | Murray Hill Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,495 | $2,500 | −$5 (-0.2%) |
| Studio | $3,744 | $2,500 | +$1,244 (+49.8%) |
| 1BR | $2,850 | $2,390 | +$460 (+19.2%) |
| 1BR | $5,140 | $2,390 | +$2,750 (+115.1%) |
| 2BR | $6,987 | $2,900 | +$4,087 (+141.0%) |
| 3BR | $5,000 | $3,603 | +$1,397 (+38.8%) |
| 3BR | $5,753 | $3,603 | +$2,150 (+59.7%) |
| 4BR | $4,500 | $4,225 | +$275 (+6.5%) |
Citywide figure is the median of zip-level medians across 176 New York City zip codes with listings in August 2024.