Monthly Rent Report
Washington Heights Rent Report — March 2023
Asking rents in ZIP 10040, New York City, from 160 listings.
Median 1BR rent in Washington Heights was $2,173 in March 2023, up 27.8% (+$473) from February 2023 and down 9.5% year-over-year. The middle half of 1BR listings asked between $1,861 and $2,400. That puts Washington Heights $127 below the New York City citywide 1BR median of $2,299. The month's figures are based on 160 listings across 18 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. February 2023 | Vs. March 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,250 | +$450 (+25.0%) | +$275 (+13.9%) | $1,750 – $2,300 | 7 |
| Studio | $2,050 | +$250 (+13.9%) | +$75 (+3.8%) | $1,775 – $2,325 | 6 |
| Studio | $2,350 | +$550 (+30.6%) | +$375 (+19.0%) | $2,200 – $2,350 | 4 |
| 1BR | $2,173 | +$473 (+27.8%) | −$227 (-9.5%) | $1,861 – $2,400 | 22 |
| 1BR | $1,995 | +$295 (+17.4%) | −$405 (-16.9%) | $1,850 – $2,400 | 21 |
| 1BR | $2,350 | +$650 (+38.2%) | −$50 (-2.1%) | $1,895 – $2,400 | 20 |
| 2BR | $2,795 | −$55 (-1.9%) | +$345 (+14.1%) | $2,400 – $2,825 | 16 |
| 2BR | $2,950 | +$100 (+3.5%) | +$500 (+20.4%) | $2,795 – $3,250 | 33 |
| 2BR | $2,980 | +$130 (+4.6%) | +$530 (+21.6%) | $2,980 – $2,980 | 1 |
| 3BR | $2,473 | +$378 (+18.0%) | +$578 (+30.5%) | $2,300 – $2,599 | 8 |
| 3BR | $2,500 | +$405 (+19.3%) | +$605 (+31.9%) | $2,360 – $2,550 | 5 |
| 3BR | $2,300 | +$205 (+9.8%) | +$405 (+21.4%) | $2,300 – $2,450 | 6 |
| 4BR | $2,995 | −$855 (-22.2%) | −$455 (-13.2%) | $2,948 – $2,995 | 3 |
| 4BR | $2,995 | −$855 (-22.2%) | −$455 (-13.2%) | $2,995 – $2,995 | 2 |
| 4BR | $2,995 | −$855 (-22.2%) | −$455 (-13.2%) | $2,995 – $3,395 | 3 |
Median, P25, and P75 are asking rents from listings posted in March 2023. Changes compare against the nearest prior month with data.
Washington Heights vs. New York City — March 2023
| Bedrooms | Washington Heights Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,250 | $2,200 | +$50 (+2.3%) |
| Studio | $2,050 | $2,200 | −$150 (-6.8%) |
| Studio | $2,350 | $2,200 | +$150 (+6.8%) |
| 1BR | $2,173 | $2,299 | −$126 (-5.5%) |
| 1BR | $1,995 | $2,299 | −$304 (-13.2%) |
| 1BR | $2,350 | $2,299 | +$51 (+2.2%) |
| 2BR | $2,795 | $2,650 | +$145 (+5.5%) |
| 2BR | $2,950 | $2,650 | +$300 (+11.3%) |
| 2BR | $2,980 | $2,650 | +$330 (+12.5%) |
| 3BR | $2,473 | $3,200 | −$727 (-22.7%) |
| 3BR | $2,500 | $3,200 | −$700 (-21.9%) |
| 3BR | $2,300 | $3,200 | −$900 (-28.1%) |
| 4BR | $2,995 | $3,995 | −$1,000 (-25.0%) |
| 4BR | $2,995 | $3,995 | −$1,000 (-25.0%) |
| 4BR | $2,995 | $3,995 | −$1,000 (-25.0%) |
Citywide figure is the median of zip-level medians across 174 New York City zip codes with listings in March 2023.