Monthly Rent Report
Washington Heights Rent Report — May 2023
Asking rents in ZIP 10032, New York City, from 190 listings.
Median 1BR rent in Washington Heights was $2,475 in May 2023, up 10.0% (+$225) from April 2023 and up 8.8% year-over-year. The middle half of 1BR listings asked between $2,335 and $2,695. That puts Washington Heights in line with the New York City citywide 1BR median of $2,477. The month's figures are based on 190 listings across 17 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. April 2023 | Vs. May 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,050 | $0 (0.0%) | +$355 (+20.9%) | $1,925 – $2,501 | 3 |
| Studio | $2,195 | +$145 (+7.1%) | +$500 (+29.5%) | $2,050 – $2,200 | 7 |
| Studio | $1,800 | −$250 (-12.2%) | +$105 (+6.2%) | $1,800 – $1,800 | 1 |
| 1BR | $2,475 | +$225 (+10.0%) | +$200 (+8.8%) | $2,335 – $2,695 | 40 |
| 1BR | $2,600 | +$350 (+15.6%) | +$325 (+14.3%) | $2,180 – $2,600 | 5 |
| 1BR | $2,350 | +$100 (+4.4%) | +$75 (+3.3%) | $2,198 – $2,600 | 6 |
| 2BR | $3,400 | +$1,005 (+42.0%) | +$1,250 (+58.1%) | $3,400 – $3,400 | 1 |
| 2BR | $2,725 | +$330 (+13.8%) | +$575 (+26.7%) | $2,361 – $3,138 | 46 |
| 2BR | $2,975 | +$580 (+24.2%) | +$825 (+38.4%) | $2,781 – $3,275 | 4 |
| 3BR | $3,475 | +$175 (+5.3%) | +$1,075 (+44.8%) | $3,300 – $3,738 | 8 |
| 3BR | $3,300 | $0 (0.0%) | +$900 (+37.5%) | $3,300 – $3,650 | 9 |
| 3BR | $3,325 | +$25 (+0.8%) | +$925 (+38.5%) | $2,919 – $3,600 | 38 |
| 4BR | $3,600 | +$100 (+2.9%) | −$850 (-19.1%) | $3,463 – $3,825 | 8 |
| 4BR | $3,425 | −$75 (-2.1%) | −$1,025 (-23.0%) | $3,313 – $3,538 | 2 |
Median, P25, and P75 are asking rents from listings posted in May 2023. Changes compare against the nearest prior month with data.
Washington Heights vs. New York City — May 2023
| Bedrooms | Washington Heights Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,050 | $2,450 | −$400 (-16.3%) |
| Studio | $2,195 | $2,450 | −$255 (-10.4%) |
| Studio | $1,800 | $2,450 | −$650 (-26.5%) |
| 1BR | $2,475 | $2,477 | −$2 (-0.1%) |
| 1BR | $2,600 | $2,477 | +$123 (+5.0%) |
| 1BR | $2,350 | $2,477 | −$127 (-5.1%) |
| 2BR | $3,400 | $2,800 | +$600 (+21.4%) |
| 2BR | $2,725 | $2,800 | −$75 (-2.7%) |
| 2BR | $2,975 | $2,800 | +$175 (+6.3%) |
| 3BR | $3,475 | $3,225 | +$250 (+7.8%) |
| 3BR | $3,300 | $3,225 | +$75 (+2.3%) |
| 3BR | $3,325 | $3,225 | +$100 (+3.1%) |
| 4BR | $3,600 | $4,000 | −$400 (-10.0%) |
| 4BR | $3,425 | $4,000 | −$575 (-14.4%) |
Citywide figure is the median of zip-level medians across 174 New York City zip codes with listings in May 2023.