Monthly Rent Report
Washington Heights Rent Report — May 2024
Asking rents in ZIP 10040, New York City, from 223 listings.
Median 1BR rent in Washington Heights was $2,400 in May 2024, up 21.7% (+$428) from April 2024 and up 20.0% year-over-year. The middle half of 1BR listings asked between $2,050 and $2,673. That puts Washington Heights $25 below the New York City citywide 1BR median of $2,425. The month's figures are based on 223 listings across 18 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. April 2024 | Vs. May 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,050 | −$125 (-5.7%) | −$300 (-12.8%) | $1,750 – $2,500 | 13 |
| Studio | $2,153 | −$22 (-1.0%) | −$197 (-8.4%) | $1,813 – $2,500 | 10 |
| Studio | $2,050 | −$125 (-5.7%) | −$300 (-12.8%) | $1,900 – $2,050 | 3 |
| 1BR | $2,400 | +$428 (+21.7%) | +$400 (+20.0%) | $2,050 – $2,673 | 11 |
| 1BR | $2,125 | +$153 (+7.7%) | +$125 (+6.3%) | $2,125 – $2,150 | 57 |
| 1BR | $2,124 | +$152 (+7.7%) | +$124 (+6.2%) | $2,124 – $2,124 | 1 |
| 2BR | $2,425 | −$75 (-3.0%) | +$30 (+1.3%) | $2,395 – $3,000 | 67 |
| 2BR | $2,650 | +$150 (+6.0%) | +$255 (+10.6%) | $2,300 – $3,000 | 5 |
| 2BR | $3,200 | +$700 (+28.0%) | +$805 (+33.6%) | $2,600 – $3,425 | 8 |
| 3BR | $3,048 | +$48 (+1.6%) | +$298 (+10.8%) | $2,971 – $3,124 | 2 |
| 3BR | $3,595 | +$595 (+19.8%) | +$845 (+30.7%) | $3,298 – $3,795 | 3 |
| 3BR | $3,025 | +$25 (+0.8%) | +$275 (+10.0%) | $3,013 – $3,200 | 27 |
| 4BR | $3,650 | −$345 (-8.6%) | +$42 (+1.2%) | $3,525 – $3,775 | 2 |
| 4BR | $3,400 | −$595 (-14.9%) | −$208 (-5.8%) | $3,338 – $3,650 | 7 |
| 4BR | $3,400 | −$595 (-14.9%) | −$208 (-5.8%) | $3,400 – $3,400 | 1 |
Median, P25, and P75 are asking rents from listings posted in May 2024. Changes compare against the nearest prior month with data.
Washington Heights vs. New York City — May 2024
| Bedrooms | Washington Heights Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,050 | $2,350 | −$300 (-12.8%) |
| Studio | $2,153 | $2,350 | −$197 (-8.4%) |
| Studio | $2,050 | $2,350 | −$300 (-12.8%) |
| 1BR | $2,400 | $2,425 | −$25 (-1.0%) |
| 1BR | $2,125 | $2,425 | −$300 (-12.4%) |
| 1BR | $2,124 | $2,425 | −$301 (-12.4%) |
| 2BR | $2,425 | $2,914 | −$488 (-16.8%) |
| 2BR | $2,650 | $2,914 | −$263 (-9.0%) |
| 2BR | $3,200 | $2,914 | +$287 (+9.8%) |
| 3BR | $3,048 | $3,600 | −$552 (-15.3%) |
| 3BR | $3,595 | $3,600 | −$5 (-0.1%) |
| 3BR | $3,025 | $3,600 | −$575 (-16.0%) |
| 4BR | $3,650 | $4,250 | −$600 (-14.1%) |
| 4BR | $3,400 | $4,250 | −$850 (-20.0%) |
| 4BR | $3,400 | $4,250 | −$850 (-20.0%) |
Citywide figure is the median of zip-level medians across 176 New York City zip codes with listings in May 2024.