Monthly Rent Report
Washington Heights Rent Report — December 2023
Asking rents in ZIP 10040, New York City, from 100 listings.
Median 1BR rent in Washington Heights was $1,998 in December 2023, up 1.9% (+$37) from November 2023 and up 7.5% year-over-year. The middle half of 1BR listings asked between $1,900 and $2,500. That puts Washington Heights $403 below the New York City citywide 1BR median of $2,400. The month's figures are based on 100 listings across 12 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. November 2023 | Vs. December 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,895 | +$108 (+6.0%) | −$380 (-16.7%) | $1,846 – $2,021 | 4 |
| Studio | $2,300 | +$513 (+28.7%) | +$25 (+1.1%) | $1,865 – $2,413 | 8 |
| Studio | $2,200 | +$413 (+23.1%) | −$75 (-3.3%) | $1,775 – $2,450 | 14 |
| 1BR | $1,998 | +$37 (+1.9%) | +$140 (+7.5%) | $1,900 – $2,500 | 24 |
| 1BR | $1,695 | −$266 (-13.6%) | −$163 (-8.8%) | $1,695 – $1,695 | 2 |
| 1BR | $1,695 | −$266 (-13.6%) | −$163 (-8.8%) | $1,695 – $1,695 | 2 |
| 2BR | $3,350 | +$400 (+13.6%) | −$250 (-6.9%) | $3,350 – $3,350 | 2 |
| 2BR | $2,370 | −$580 (-19.7%) | −$1,230 (-34.2%) | $2,238 – $2,400 | 12 |
| 2BR | $2,950 | $0 (0.0%) | −$650 (-18.1%) | $2,425 – $3,299 | 27 |
| 3BR | $2,995 | +$245 (+8.9%) | +$70 (+2.4%) | $2,995 – $2,995 | 1 |
| 3BR | $3,895 | +$1,145 (+41.6%) | +$970 (+33.2%) | $3,548 – $3,895 | 3 |
| 3BR | $2,500 | −$250 (-9.1%) | −$425 (-14.5%) | $2,500 – $2,500 | 1 |
Median, P25, and P75 are asking rents from listings posted in December 2023. Changes compare against the nearest prior month with data.
Washington Heights vs. New York City — December 2023
| Bedrooms | Washington Heights Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,895 | $2,362 | −$467 (-19.8%) |
| Studio | $2,300 | $2,362 | −$62 (-2.6%) |
| Studio | $2,200 | $2,362 | −$162 (-6.8%) |
| 1BR | $1,998 | $2,400 | −$402 (-16.8%) |
| 1BR | $1,695 | $2,400 | −$705 (-29.4%) |
| 1BR | $1,695 | $2,400 | −$705 (-29.4%) |
| 2BR | $3,350 | $2,900 | +$450 (+15.5%) |
| 2BR | $2,370 | $2,900 | −$530 (-18.3%) |
| 2BR | $2,950 | $2,900 | +$50 (+1.7%) |
| 3BR | $2,995 | $3,500 | −$505 (-14.4%) |
| 3BR | $3,895 | $3,500 | +$395 (+11.3%) |
| 3BR | $2,500 | $3,500 | −$1,000 (-28.6%) |
Citywide figure is the median of zip-level medians across 174 New York City zip codes with listings in December 2023.