Monthly Rent Report
Washington Heights Rent Report — August 2023
Asking rents in ZIP 10040, New York City, from 86 listings.
Median 1BR rent in Washington Heights was $1,875 in August 2023, down 2.6% (−$50) from July 2023 and down 11.4% year-over-year. The middle half of 1BR listings asked between $1,875 and $1,875. That puts Washington Heights $475 below the New York City citywide 1BR median of $2,350. The month's figures are based on 86 listings across 15 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. July 2023 | Vs. August 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,850 | −$112 (-5.7%) | −$450 (-19.6%) | $1,825 – $1,875 | 2 |
| Studio | $1,950 | −$12 (-0.6%) | −$350 (-15.2%) | $1,738 – $2,375 | 7 |
| Studio | $2,275 | +$313 (+15.9%) | −$25 (-1.1%) | $2,188 – $2,363 | 2 |
| 1BR | $1,875 | −$50 (-2.6%) | −$240 (-11.4%) | $1,875 – $1,875 | 2 |
| 1BR | $2,100 | +$175 (+9.1%) | −$15 (-0.7%) | $1,912 – $2,450 | 23 |
| 1BR | $1,900 | −$25 (-1.3%) | −$215 (-10.2%) | $1,875 – $2,150 | 3 |
| 2BR | $2,700 | +$78 (+3.0%) | −$150 (-5.3%) | $2,700 – $2,700 | 1 |
| 2BR | $2,795 | +$173 (+6.6%) | −$55 (-1.9%) | $2,443 – $3,200 | 19 |
| 2BR | $2,595 | −$27 (-1.0%) | −$255 (-8.9%) | $2,595 – $2,595 | 1 |
| 3BR | $3,795 | +$1,095 (+40.6%) | +$836 (+28.3%) | $3,500 – $3,795 | 5 |
| 3BR | $2,995 | +$295 (+10.9%) | +$36 (+1.2%) | $2,895 – $3,525 | 13 |
| 3BR | $2,895 | +$195 (+7.2%) | −$64 (-2.2%) | $2,895 – $2,895 | 1 |
| 4BR | $4,100 | +$400 (+10.8%) | +$500 (+13.9%) | $4,100 – $4,100 | 2 |
| 4BR | $4,100 | +$400 (+10.8%) | +$500 (+13.9%) | $4,074 – $4,125 | 4 |
| 4BR | $4,200 | +$500 (+13.5%) | +$600 (+16.7%) | $4,200 – $4,200 | 1 |
Median, P25, and P75 are asking rents from listings posted in August 2023. Changes compare against the nearest prior month with data.
Washington Heights vs. New York City — August 2023
| Bedrooms | Washington Heights Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,850 | $2,490 | −$640 (-25.7%) |
| Studio | $1,950 | $2,490 | −$540 (-21.7%) |
| Studio | $2,275 | $2,490 | −$215 (-8.6%) |
| 1BR | $1,875 | $2,350 | −$475 (-20.2%) |
| 1BR | $2,100 | $2,350 | −$250 (-10.6%) |
| 1BR | $1,900 | $2,350 | −$450 (-19.1%) |
| 2BR | $2,700 | $2,859 | −$159 (-5.6%) |
| 2BR | $2,795 | $2,859 | −$64 (-2.2%) |
| 2BR | $2,595 | $2,859 | −$264 (-9.2%) |
| 3BR | $3,795 | $3,413 | +$383 (+11.2%) |
| 3BR | $2,995 | $3,413 | −$417 (-12.2%) |
| 3BR | $2,895 | $3,413 | −$517 (-15.2%) |
| 4BR | $4,100 | $4,200 | −$100 (-2.4%) |
| 4BR | $4,100 | $4,200 | −$100 (-2.4%) |
| 4BR | $4,200 | $4,200 | $0 (0.0%) |
Citywide figure is the median of zip-level medians across 175 New York City zip codes with listings in August 2023.