Monthly Rent Report
Washington Heights Rent Report — June 2023
Asking rents in ZIP 10040, New York City, from 86 listings.
Median 1BR rent in Washington Heights was $1,500 in June 2023, down 31.0% (−$675) from May 2023 and down 13.6% year-over-year. The middle half of 1BR listings asked between $1,500 and $1,500. That puts Washington Heights $988 below the New York City citywide 1BR median of $2,488. The month's figures are based on 86 listings across 15 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. May 2023 | Vs. June 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,375 | +$25 (+1.1%) | +$525 (+28.4%) | $2,375 – $2,375 | 1 |
| Studio | $2,035 | −$315 (-13.4%) | +$185 (+10.0%) | $1,865 – $2,205 | 2 |
| Studio | $2,350 | $0 (0.0%) | +$500 (+27.0%) | $2,346 – $2,356 | 4 |
| 1BR | $1,500 | −$675 (-31.0%) | −$237 (-13.6%) | $1,500 – $1,500 | 1 |
| 1BR | $2,150 | −$25 (-1.1%) | +$413 (+23.8%) | $1,984 – $2,400 | 20 |
| 1BR | $2,000 | −$175 (-8.0%) | +$263 (+15.1%) | $1,931 – $2,161 | 4 |
| 2BR | $2,395 | −$100 (-4.0%) | −$300 (-11.1%) | $2,395 – $2,395 | 2 |
| 2BR | $2,800 | +$305 (+12.2%) | +$105 (+3.9%) | $2,284 – $2,900 | 12 |
| 2BR | $2,800 | +$305 (+12.2%) | +$105 (+3.9%) | $2,800 – $2,800 | 1 |
| 3BR | $3,095 | +$345 (+12.5%) | +$900 (+41.0%) | $2,900 – $3,575 | 11 |
| 3BR | $3,048 | +$298 (+10.8%) | +$853 (+38.8%) | $2,838 – $3,487 | 20 |
| 4BR | $4,400 | +$792 (+22.0%) | +$2,000 (+83.3%) | $4,400 – $4,400 | 1 |
| 4BR | $4,400 | +$792 (+22.0%) | +$2,000 (+83.3%) | $4,400 – $4,400 | 1 |
Median, P25, and P75 are asking rents from listings posted in June 2023. Changes compare against the nearest prior month with data.
Washington Heights vs. New York City — June 2023
| Bedrooms | Washington Heights Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,375 | $2,500 | −$125 (-5.0%) |
| Studio | $2,035 | $2,500 | −$465 (-18.6%) |
| Studio | $2,350 | $2,500 | −$150 (-6.0%) |
| 1BR | $1,500 | $2,488 | −$987 (-39.7%) |
| 1BR | $2,150 | $2,488 | −$337 (-13.6%) |
| 1BR | $2,000 | $2,488 | −$487 (-19.6%) |
| 2BR | $2,395 | $2,828 | −$433 (-15.3%) |
| 2BR | $2,800 | $2,828 | −$28 (-1.0%) |
| 2BR | $2,800 | $2,828 | −$28 (-1.0%) |
| 3BR | $3,095 | $3,300 | −$205 (-6.2%) |
| 3BR | $3,048 | $3,300 | −$252 (-7.7%) |
| 4BR | $4,400 | $4,200 | +$200 (+4.8%) |
| 4BR | $4,400 | $4,200 | +$200 (+4.8%) |
Citywide figure is the median of zip-level medians across 174 New York City zip codes with listings in June 2023.