Average Rent in Financial District, New York, NY

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Current Versus Historical Financial District, New York, NY Rents

Financial District rentals average $3,600 for a studio rental to $8,395 for a 4-bedroom rental. The median price of all currently available listings is $4,375, or roughly $7 per square feet.
For the apartment units and housing in May 2024, median rents have been roughly unchanged over the last year. Studio rentals prices have increased by $129 (3.65%) year-over-year from $3,538 to $3,667. 1-bedroom rentals prices have decreased by $69 (-1.48%) year-over-year from $4,664 to $4,595. 2-bedroom rentals prices have increased by $155 (2.43%) year-over-year from $6,385 to $6,540. 3-bedroom rentals prices have increased by $833 (10.59%) year-over-year from $7,867 to $8,700. 4-bedroom rentals prices have increased by $1,108 (14.47%) year-over-year from $7,661 to $8,769. Note that this figure includes all active and rented listings throughout the month.
Month-to-month, seasonality might have a bigger impact than overall trend price changes. Studio rents have gone up by 2.49% this month. 1-bedroom rents have gone up by 1.40% this month. 2-bedroom rents have gone up by 1.21% this month. 3-bedroom rents have gone up by 9.35% this month. 4-bedroom rents have gone up by 3.79% this month.
Beds
Price / Sqft
May 2024 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
Studio $6.89 $3,667 $3,538 (3.65%) $2,338 (56.87%)
1 BR $6.51 $4,595 $4,664 (-1.48%) $3,287 (39.81%)
2 BR $6.39 $6,540 $6,385 (2.43%) $4,891 (33.71%)
3 BR $6.93 $8,700 $7,867 (10.59%) $6,016 (44.61%)
4+ BR $6.51 $8,769 $7,661 (14.47%) $7,174 (22.24%)

Historical Rents in Financial District, New York, NY

Studio
1 Bed
2 Bed
3 Bed
4 Bed

Top Cities Near Financial District

There are a total of 34 cities nearby Financial District. The average rent in Financial District is currently $3,525 per month. A total of 23 cities nearby have an average rent lower than that. Our records show that Bridgeport, CT, with an average rent of $1,900, is the most affordable city nearby. In contrast, the most expensive city near Financial District, New York, NY is Westport, CT. Monthly rents here are on average $16,000 per month.

Let's compare Financial District, New York, NY's rent against other top cities nearby by bedroom size. Typically, rent for studios in Financial District, New York, NY is 55.55% more expensive than other cities nearby. One bedrooms are about 49.44% more expensive. Two bedrooms in Financial District, New York, NY are about 51.21% more expensive. Finally, rent for three bedrooms are about 48.35% more expensive. Want more information? Check out the top 10 cities out of 34 total cities near Financial District, New York, NY in the following chart.
City Studio 1 Bed 2 Bed All
Newark, NJ $1,975 $2,075 $2,100 $2,300
Elizabeth, NJ N/A $1,700 $2,200 $2,400
Bayonne, NJ $2,275 $2,036 $2,524 $2,500
Jersey City, NJ $2,348 $2,700 $2,675 $2,795
Union City, NJ $1,850 $2,150 $2,800 $2,800
West New York, NJ $1,700 $2,550 $3,200 $2,850
Cliffside Park, NJ N/A $2,125 $3,348 $3,300
Palisades Park, NJ N/A $1,800 $2,750 $3,500
Hoboken, NJ $3,056 $3,225 $3,950 $3,550
New York, NY $3,540 $4,200 $5,143 $4,400

Top Neighborhoods Near Financial District

There are a total of 52 neighborhoods in or near Financial District. Some of these neighborhoods include Bergen - Lafayette, The Heights, and The Waterfront. We've included the top 30 neighborhoods out of 52 total neighborhoods in or near Financial District, New York, NY in the following chart.

The average rent for these 30 neighborhoods in or near Financial District, New York, NY is currently around $4,298 per month. A total of 27 neighborhoods have a lower average rent. Meaning, only three neighborhoods have a higher average rent than $4,298. Out of all the neighborhoods in or near Financial District, East Side has the most affordable average rent at $1,950 per month. Whereas, at $8,250 average rent per month, Ocean Beach is the most expensive neighborhood in or near Financial District. View the following chart for more information.
Neighborhood Studio 1 Bed 2 Bed All
Bergen - Lafayette, Jersey City, NJ $1,824 $2,395 $2,500 $2,650
The Heights, Jersey City, NJ N/A $2,400 $2,650 $2,700
The Waterfront, Jersey City, NJ $3,021 $3,494 $4,950 $3,635
Fort Greene, New York, NY $3,560 $4,540 $5,363 $3,730
Clinton Hill, New York, NY $3,152 $3,600 $5,843 $3,790
Bowery, New York, NY $2,870 $3,575 $4,250 $3,995
Downtown Brooklyn, New York, NY $3,410 $4,255 $5,927 $4,260
Prospect Heights, New York, NY $3,608 $4,415 $6,100 $4,295
Murray Hill, New York, NY $3,459 $4,200 $6,200 $4,300
NoLita, New York, NY $3,900 $4,495 $5,298 $4,495
Hudson Yards, New York, NY $3,644 $4,250 $6,700 $4,500
East Village, New York, NY $2,738 $3,650 $4,595 $4,695
Greenwich Village, New York, NY $3,530 $4,800 $5,013 $4,700
Williamsburg, New York, NY $3,650 $4,551 $4,650 $4,750
West Village, New York, NY $3,998 $5,273 $6,750 $4,800
Kips Bay, New York, NY $3,806 $4,095 $5,329 $4,995
Midtown South, New York, NY $3,525 $5,000 $6,865 $5,000
Little Italy, New York, NY $3,900 $5,000 $5,500 $5,000
Lower East Side, New York, NY $2,625 $3,395 $4,495 $5,195
Greenpoint, New York, NY $3,454 $4,583 $5,550 $5,200
Chelsea, New York, NY $3,855 $5,477 $7,793 $5,200
NoHo, New York, NY $4,000 $5,300 $7,750 $5,328
Battery Park City, New York, NY $3,745 $4,888 $6,750 $5,500
Stuyvesant Town - Peter Cooper Village, New York, NY N/A $5,052 $5,887 $5,594
NoMad, New York, NY $4,385 $5,590 $8,346 $5,672
Flatiron District, New York, NY $4,050 $5,900 $9,000 $5,850
Midtown, New York, NY $3,225 $4,400 $6,650 $5,988
Gramercy Park, New York, NY $3,815 $5,095 $5,480 $6,395
Tribeca, New York, NY $4,425 $5,895 $7,295 $6,800
SoHo, New York, NY $4,850 $4,450 $13,500 $7,950

Top Counties Near Financial District

There are a total of 52 counties located by Financial District, New York, NY. Some of these counties include Newark, NJ, Bayonne, NJ, and Jersey City, NJ. The average rent for rentals in these counties is $3,556. That's roughly around $3 per sqft. A total of 29 counties have a lower average rent. The county that is the most affordable is Bridgeport, CT. It's average rent per month is $1,900. Vice versa, with an average rent of $16,000, Westport, CT is the most expensive county by Financial District, New York, NY.

Typically, rent for studios in Financial District, New York, NY is 55.55% more expensive than other counties nearby. In comparison, rent for one bedroom listings in Financial District, New York, NY is 40.56% more expensive than other counties nearby. Finally, rent for two bedrooms in Financial District, New York, NY is 49.02% more expensive than other counties nearby. We've listed the top 10 counties in the chart below.
County Studio 1 Bed 2 Bed All
Newark, NJ $1,975 $2,075 $2,100 $2,300
Bayonne, NJ $2,275 $2,036 $2,524 $2,500
Jersey City, NJ $2,348 $2,700 $2,675 $2,795
North Bergen, NJ $2,149 $2,100 $2,875 $2,800
West New York, NJ $1,700 $2,550 $3,200 $2,850
Cliffside Park, NJ N/A $2,125 $3,348 $3,300
Queens, New York, NY $3,204 $2,997 $3,425 $3,350
Hoboken, NJ $3,056 $3,225 $3,950 $3,550
Brooklyn, New York, NY $3,475 $3,995 $4,100 $3,950
Manhattan, New York, NY $3,595 $4,342 $5,600 $4,595

Top Zipcodes Near Financial District

There are a total of 50 zipcodes in or near Financial District, New York, NY. The average rent for all of these zipcodes is $4,495. A total of 22 zipcodes have a average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 07756, Ocean Grove, NJ at $3,000 per month. In comparison, the zipcode with the most expensive average rent of $8,000 per month is 11770, Ocean Beach, NY.

Studios in these zipcodes have an average rent of $3,260. That's at least $7 per sqft. Do you need more space than that? Average rent for one bedroom rentals for the zipcodes in or near Financial District, New York, NY is $3,990 per month. Or in other words, $7 per sqft. Meanwhile, two bedroom apartments will cost you an average of $5,555 per month. Which comes out to $6 per sqft. The following chart includes the top 10 zipcodes in Financial District, New York, NY. You can view the average rent breakdown for each zipcode by bedroom size.
Zipcode Studio 1 Bed 2 Bed All
10005, New York, NY $3,674 $4,583 $6,540 $4,334
10038, New York, NY $3,550 $4,510 $6,350 $4,500
10007, New York, NY $4,425 $6,500 $8,395 $6,500
10013, New York, NY $3,950 $5,250 $7,500 $6,295
11201, New York, NY $3,421 $4,255 $5,995 $4,425
10002, New York, NY $2,625 $3,448 $4,495 $4,595
10004, New York, NY $3,750 $4,343 $6,600 $4,139
10012, New York, NY $3,900 $4,395 $5,600 $4,495
10014, New York, NY $4,750 $5,450 $6,750 $4,995
10003, New York, NY $3,530 $4,800 $5,200 $5,450

Frequently Asked Questions - Financial District Average Rents

What is the average rent price in Financial District, New York, NY?
The average monthly rental price for Financial District, New York, NY apartments for rent is approximately $4,375. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.
Do Financial District, New York, NY rent prices drop in winter?
Yes! On average we see a 3.4% drop in rental prices between the peak summer months and the slower winter months. With the added bonus of decreased competition from other renters looking to move, winter is generally considered the best time of the year to find an apartment for rent in Financial District, New York, NY.
How much is a studio apartment in Financial District, New York, NY?
The average monthly rental price for studio apartments is $3,600 and an average price per square feet of $6.89. There are a total of 570 studio apartment listings currently available for rent in Financial District.
How much is a one bedroom apartment in Financial District, New York, NY?
The average monthly rental price for one bedroom apartments is $4,500 and an average price per square feet of $6.51. There are a total of 595 one bedroom apartment listings currently available for rent in Financial District.
How much is a two bedroom apartment in Financial District, New York, NY?
The average monthly rental price for two bedroom apartments is $6,400 and an average price per square feet of $6.39. There are a total of 262 two bedroom apartment listings currently available for rent in Financial District.
How have rent prices in Financial District, New York, NY changed this year?
Rent prices for rentals in Financial District, New York, NY can fluctuate yearly. Specifically, studio rental prices have changed by 0.04%, one bedroom rental prices have changed by -0.01%, two bedroom rental prices have changed by 0.02%, and three bedroom rental prices have changed by 0.11% year-over-year.
What is a reasonable rent price in Financial District, New York, NY?
A reasonable rent price in Financial District, New York, NY is around $3,500/month. You can search for these reasonably priced rental listings on RentHop.
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