Monthly Rent Report
Washington Heights Rent Report — May 2023
Asking rents in ZIP 10040, New York City, from 71 listings.
Median 1BR rent in Washington Heights was $2,175 in May 2023, up 8.1% (+$163) from April 2023 and up 33.8% year-over-year. The middle half of 1BR listings asked between $1,825 and $2,375. That puts Washington Heights $302 below the New York City citywide 1BR median of $2,477. The month's figures are based on 71 listings across 14 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. April 2023 | Vs. May 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,350 | +$100 (+4.4%) | +$578 (+32.6%) | $2,350 – $2,350 | 2 |
| Studio | $2,350 | +$100 (+4.4%) | +$578 (+32.6%) | $2,350 – $2,350 | 2 |
| 1BR | $2,175 | +$163 (+8.1%) | +$550 (+33.8%) | $1,825 – $2,375 | 18 |
| 1BR | $1,999 | −$13 (-0.7%) | +$374 (+23.0%) | $1,999 – $1,999 | 1 |
| 1BR | $2,000 | −$12 (-0.6%) | +$375 (+23.1%) | $1,900 – $2,100 | 5 |
| 2BR | $2,395 | −$555 (-18.8%) | +$948 (+65.5%) | $2,347 – $3,185 | 3 |
| 2BR | $2,495 | −$455 (-15.4%) | +$1,048 (+72.4%) | $2,284 – $3,350 | 16 |
| 2BR | $2,395 | −$555 (-18.8%) | +$948 (+65.5%) | $2,395 – $2,395 | 1 |
| 3BR | $2,525 | −$470 (-15.7%) | +$605 (+31.5%) | $2,520 – $2,525 | 3 |
| 3BR | $2,750 | −$245 (-8.2%) | +$830 (+43.2%) | $2,525 – $3,084 | 9 |
| 4BR | $3,608 | +$333 (+10.2%) | +$208 (+6.1%) | $3,608 – $3,608 | 1 |
| 4BR | $3,608 | +$333 (+10.2%) | +$208 (+6.1%) | $3,608 – $3,608 | 4 |
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 | $2,350 | $2,450 | −$100 (-4.1%) |
| Studio | $2,350 | $2,450 | −$100 (-4.1%) |
| 1BR | $2,175 | $2,477 | −$302 (-12.2%) |
| 1BR | $1,999 | $2,477 | −$478 (-19.3%) |
| 1BR | $2,000 | $2,477 | −$477 (-19.3%) |
| 2BR | $2,395 | $2,800 | −$405 (-14.5%) |
| 2BR | $2,495 | $2,800 | −$305 (-10.9%) |
| 2BR | $2,395 | $2,800 | −$405 (-14.5%) |
| 3BR | $2,525 | $3,225 | −$700 (-21.7%) |
| 3BR | $2,750 | $3,225 | −$475 (-14.7%) |
| 4BR | $3,608 | $4,000 | −$392 (-9.8%) |
| 4BR | $3,608 | $4,000 | −$392 (-9.8%) |
Citywide figure is the median of zip-level medians across 174 New York City zip codes with listings in May 2023.