Monthly Rent Report
Washington Heights Rent Report — July 2023
Asking rents in ZIP 10040, New York City, from 60 listings.
Median 1BR rent in Washington Heights was $1,925 in July 2023, down 10.5% (−$225) from June 2023 and up 1.3% year-over-year. The middle half of 1BR listings asked between $1,895 and $2,013. That puts Washington Heights $525 below the New York City citywide 1BR median of $2,450. The month's figures are based on 60 listings across 16 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. June 2023 | Vs. July 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,975 | −$375 (-16.0%) | −$25 (-1.3%) | $1,835 – $2,013 | 3 |
| Studio | $1,950 | −$400 (-17.0%) | −$50 (-2.5%) | $1,823 – $2,125 | 3 |
| Studio | $1,963 | −$387 (-16.5%) | −$37 (-1.9%) | $1,721 – $2,038 | 14 |
| 1BR | $1,925 | −$225 (-10.5%) | +$25 (+1.3%) | $1,895 – $2,013 | 9 |
| 1BR | $2,000 | −$150 (-7.0%) | +$100 (+5.3%) | $1,950 – $2,200 | 9 |
| 1BR | $1,550 | −$600 (-27.9%) | −$350 (-18.4%) | $1,550 – $1,550 | 1 |
| 2BR | $2,300 | −$500 (-17.9%) | −$145 (-5.9%) | $2,300 – $2,300 | 1 |
| 2BR | $2,395 | −$405 (-14.5%) | −$50 (-2.0%) | $2,395 – $2,395 | 1 |
| 2BR | $2,623 | −$177 (-6.3%) | +$178 (+7.3%) | $2,561 – $3,288 | 6 |
| 3BR | $3,123 | +$75 (+2.5%) | +$428 (+15.9%) | $2,886 – $3,359 | 2 |
| 3BR | $2,700 | −$347 (-11.4%) | +$5 (+0.2%) | $2,700 – $2,700 | 1 |
| 3BR | $2,750 | −$297 (-9.8%) | +$55 (+2.0%) | $2,750 – $2,750 | 1 |
| 4BR | $3,700 | −$700 (-15.9%) | −$1,300 (-26.0%) | $3,700 – $3,700 | 1 |
| 4BR | $4,100 | −$300 (-6.8%) | −$900 (-18.0%) | $4,100 – $4,100 | 2 |
Median, P25, and P75 are asking rents from listings posted in July 2023. Changes compare against the nearest prior month with data.
Washington Heights vs. New York City — July 2023
| Bedrooms | Washington Heights Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,975 | $2,498 | −$522 (-20.9%) |
| Studio | $1,950 | $2,498 | −$547 (-21.9%) |
| Studio | $1,963 | $2,498 | −$535 (-21.4%) |
| 1BR | $1,925 | $2,450 | −$525 (-21.4%) |
| 1BR | $2,000 | $2,450 | −$450 (-18.4%) |
| 1BR | $1,550 | $2,450 | −$900 (-36.7%) |
| 2BR | $2,300 | $2,800 | −$500 (-17.9%) |
| 2BR | $2,395 | $2,800 | −$405 (-14.5%) |
| 2BR | $2,623 | $2,800 | −$177 (-6.3%) |
| 3BR | $3,123 | $3,400 | −$277 (-8.2%) |
| 3BR | $2,700 | $3,400 | −$700 (-20.6%) |
| 3BR | $2,750 | $3,400 | −$650 (-19.1%) |
| 4BR | $3,700 | $4,200 | −$500 (-11.9%) |
| 4BR | $4,100 | $4,200 | −$100 (-2.4%) |
Citywide figure is the median of zip-level medians across 174 New York City zip codes with listings in July 2023.