Monthly Rent Report
Washington Heights Rent Report — August 2024
Asking rents in ZIP 10040, New York City, from 58 listings.
Median 1BR rent in Washington Heights was $2,150 in August 2024, up 23.2% (+$404) from July 2024 and up 2.4% year-over-year. The middle half of 1BR listings asked between $1,975 and $2,550. That puts Washington Heights $240 below the New York City citywide 1BR median of $2,390. The month's figures are based on 58 listings across 6 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. July 2024 | Vs. August 2023 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $2,401 | +$401 (+20.1%) | +$551 (+29.8%) | $2,302 – $2,501 | 2 |
| 1BR | $2,150 | +$404 (+23.2%) | +$50 (+2.4%) | $1,975 – $2,550 | 11 |
| 2BR | $2,500 | −$450 (-15.3%) | −$295 (-10.6%) | $2,325 – $2,500 | 4 |
| 3BR | $3,025 | $0 (0.0%) | +$30 (+1.0%) | $2,863 – $3,100 | 30 |
| 4BR | $3,340 | +$138 (+4.3%) | −$760 (-18.5%) | $3,256 – $4,300 | 8 |
Median, P25, and P75 are asking rents from listings posted in August 2024. Changes compare against the nearest prior month with data.
Washington Heights vs. New York City — August 2024
| Bedrooms | Washington Heights Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $2,401 | $2,500 | −$99 (-4.0%) |
| 1BR | $2,150 | $2,390 | −$240 (-10.0%) |
| 2BR | $2,500 | $2,900 | −$400 (-13.8%) |
| 3BR | $3,025 | $3,603 | −$578 (-16.0%) |
| 4BR | $3,340 | $4,225 | −$885 (-20.9%) |
Citywide figure is the median of zip-level medians across 176 New York City zip codes with listings in August 2024.