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 $3,695 for a studio rental to $7,695 for a 4-bedroom rental. The median price of all currently available listings is $4,420, or roughly $7 per square feet.

For the apartment units and housing in July 2024, median rents have been roughly unchanged over the last year. Studio rentals prices have increased by $175 (4.90%) year-over-year from $3,575 to $3,750. 1-bedroom rentals prices have increased by $209 (4.59%) year-over-year from $4,546 to $4,755. 2-bedroom rentals prices have increased by $236 (3.59%) year-over-year from $6,564 to $6,800. 3-bedroom rentals prices have decreased by $930 (-11.73%) year-over-year from $7,930 to $7,000. 4-bedroom rentals prices have decreased by $499 (-5.98%) year-over-year from $8,349 to $7,850. 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 1.44% this month. 1-bedroom rents have gone up by 1.51% this month. 2-bedroom rents have gone up by 2.62% this month. 3-bedroom rents have gone down by 8.08% this month. 4-bedroom rents have gone down by 6.25% this month.

Beds	Price / Sqft	Jul 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$7.20	$3,750	$3,575 (4.90%)	$2,830 (32.49%)
1 BR	$6.96	$4,755	$4,546 (4.59%)	$3,713 (28.08%)
2 BR	$6.71	$6,800	$6,564 (3.59%)	$5,619 (21.01%)
3 BR	$6.52	$7,000	$7,930 (-11.73%)	$7,163 (-2.28%)
4+ BR	$7,695.00	$7,850	$8,349 (-5.98%)	$7,281 (7.82%)

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 15 cities nearby Financial District. The average rent in Financial District is currently $3,179 per month. A total of 11 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 Ocean Beach, NY. Monthly rents here are on average $8,000 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 49.93% more expensive than other cities nearby. One bedrooms are about 52.10% more expensive. Two bedrooms in Financial District, New York, NY are about 48.75% more expensive. Finally, rent for three bedrooms are about 51.76% more expensive. Want more information? Check out the top 10 cities out of 15 total cities near Financial District, New York, NY in the following chart.

City	Studio	1 Bed	2 Bed	All
Paterson, NJ	$1,850	$1,850	$2,100	$2,250
Newark, NJ	$1,800	$1,675	$2,050	$2,300
Elizabeth, NJ	N/A	$1,900	$2,200	$2,525
Fort Lee, NJ	$1,900	$2,375	$3,505	$2,848
Jersey City, NJ	$2,390	$3,271	$3,475	$3,179
Yonkers, NY	$2,100	$2,598	$3,400	$3,290
Cliffside Park, NJ	N/A	$2,050	$3,975	$3,600
New York, NY	$3,585	$4,354	$5,295	$4,495
New Rochelle, NY	$2,250	$3,030	$4,690	$4,500
Long Beach, NY	$2,400	$3,300	$3,800	$4,500

Top Neighborhoods Near Financial District

There are a total of 51 neighborhoods in or near Financial District. Some of these neighborhoods include Clinton Hill, NoHo, and Brooklyn Heights. We've included the top 30 neighborhoods out of 51 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 $4,495 per month. A total of 24 neighborhoods have a lower average rent. Meaning, only six neighborhoods have a higher average rent than $4,495. Interestingly, the neighborhoods' average rent is higher than Financial District's average rent, which is only $4,420. Out of all the neighborhoods in or near Financial District, East Side has the most affordable average rent at $2,201 per month. Whereas, at $8,000 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
Clinton Hill, New York, NY	$3,348	$3,565	$4,995	$3,909
NoHo, New York, NY	$3,950	$4,125	$7,350	$4,075
Brooklyn Heights, New York, NY	$3,348	$4,100	$4,900	$4,154
Prospect Heights, New York, NY	$3,600	$4,413	$5,991	$4,165
Flatiron District, New York, NY	$4,100	$5,900	$10,500	$4,200
Bowery, New York, NY	$2,800	$3,450	$4,798	$4,300
Fort Greene, New York, NY	$3,495	$4,395	$4,925	$4,395
Park Slope, New York, NY	$3,273	$3,966	$4,295	$4,434
Murray Hill, New York, NY	$3,400	$4,595	$7,407	$4,495
Downtown Brooklyn, New York, NY	$3,484	$4,350	$6,000	$4,500
West Village, New York, NY	$3,995	$4,650	$7,445	$4,550
NoLita, New York, NY	$3,390	$4,495	$6,495	$4,595
Greenwich Village, New York, NY	$4,100	$5,095	$4,395	$4,800
Midtown South, New York, NY	$3,700	$4,800	$5,050	$4,850
Midtown, New York, NY	$3,523	$4,750	$6,995	$4,968
Greenpoint, New York, NY	$2,979	$4,000	$5,200	$4,973
Kips Bay, New York, NY	$3,845	$4,070	$5,345	$4,995
Williamsburg, New York, NY	$3,947	$4,699	$5,200	$5,000
Little Italy, New York, NY	$3,900	$5,000	$5,495	$5,200
East Village, New York, NY	$2,700	$3,850	$5,200	$5,295
Hudson Yards, New York, NY	$3,590	$5,000	$7,600	$5,300
SoHo, New York, NY	$3,850	$4,850	$5,400	$5,400
Chelsea, New York, NY	$4,123	$5,476	$8,000	$5,405
Gramercy Park, New York, NY	$3,725	$4,895	$5,495	$5,495
Battery Park City, New York, NY	$4,110	$5,209	$7,250	$5,750
NoMad, New York, NY	$4,395	$5,663	$8,123	$5,781
Lower East Side, New York, NY	$2,625	$4,195	$5,295	$5,995
Stuyvesant Town - Peter Cooper Village, New York, NY	N/A	$5,057	$6,054	$6,100
DUMBO, New York, NY	$3,873	$5,158	$7,034	$6,488
Tribeca, New York, NY	$4,500	$5,999	$8,340	$7,195

Top Counties Near Financial District

There are a total of 51 counties located by Financial District, New York, NY. Some of these counties include Newark, NJ, Bloomfield, NJ, and Elizabeth, NJ. The average rent for rentals in these counties is $3,500. That's roughly around $3 per sqft. A total of 19 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 $5,000, Islip, NY is the most expensive county by Financial District, New York, NY.

Typically, rent for studios in Financial District, New York, NY is 48.58% more expensive than other counties nearby. In comparison, rent for one bedroom listings in Financial District, New York, NY is 44.17% more expensive than other counties nearby. Finally, rent for two bedrooms in Financial District, New York, NY is 48.75% 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	$1,800	$1,675	$2,050	$2,300
Bloomfield, NJ	N/A	$1,750	$2,300	$2,425
Elizabeth, NJ	N/A	$1,900	$2,200	$2,525
Fort Lee, NJ	$1,900	$2,375	$3,505	$2,848
Jersey City, NJ	$2,390	$3,271	$3,475	$3,179
Bronx, New York, NY	$2,491	$2,625	$3,200	$3,200
Queens, New York, NY	$2,919	$3,100	$3,702	$3,500
Cliffside Park, NJ	N/A	$2,050	$3,975	$3,600
Brooklyn, New York, NY	$3,500	$3,893	$4,200	$4,000
Manhattan, New York, NY	$3,600	$4,495	$5,599	$4,698

Top Zipcodes Near Financial District

There are a total of 44 zipcodes in or near Financial District, New York, NY. The average rent for all of these zipcodes is $4,596. A total of 18 zipcodes have a average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 11226, New York, NY at $3,210 per month. In comparison, the zipcode with the most expensive average rent of $7,800 per month is 11770, Ocean Beach, NY.

Studios in these zipcodes have an average rent of $3,425. 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 $4,390 per month. Or in other words, $7 per sqft. Meanwhile, two bedroom apartments will cost you an average of $5,550 per month. Which comes out to $7 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	$3,712	$4,895	$7,619	$4,304
10038, New York, NY	$3,770	$4,733	$6,390	$4,598
10007, New York, NY	$4,725	$6,063	$9,318	$6,999
10013, New York, NY	$3,900	$5,000	$7,095	$5,895
11201, New York, NY	$3,501	$4,400	$6,413	$4,785
10002, New York, NY	$2,738	$4,195	$5,250	$5,873
10004, New York, NY	$3,600	$4,700	$7,269	$4,042
10012, New York, NY	$3,800	$4,495	$6,495	$4,495
10014, New York, NY	$4,300	$4,650	$5,500	$4,650
10003, New York, NY	$3,900	$4,845	$5,250	$5,070

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 $4,420. 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 $3,695 and an average price per square feet of $7.20. There are a total of 675 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 $4,720 and an average price per square feet of $6.96. There are a total of 591 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 $6,780 and an average price per square feet of $6.71. There are a total of 278 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 0.05%, one bedroom rental prices have changed by 0.05%, two bedroom rental prices have changed by 0.04%, and three bedroom rental prices have changed by -0.12% 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 $3,536/month. You can search for these reasonably priced rental listings on RentHop.