Monthly Rent Report
ZIP 11501 Rent Report — May 2023
Asking rents in ZIP 11501, New York City, from 12 listings.
Median 1BR rent in ZIP 11501 was $3,606 in May 2023, up 16.4% (+$509) from April 2023 and up 14.3% year-over-year. The middle half of 1BR listings asked between $3,381 and $3,739. That puts ZIP 11501 $1,129 above the New York City citywide 1BR median of $2,477. The month's figures are based on 12 listings across 3 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. April 2023 | Vs. May 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $3,089 | +$166 (+5.7%) | — | $3,089 – $3,089 | 1 |
| 1BR | $3,606 | +$509 (+16.4%) | +$452 (+14.3%) | $3,381 – $3,739 | 7 |
| 2BR | $4,799 | +$772 (+19.2%) | +$99 (+2.1%) | $4,718 – $4,800 | 4 |
Median, P25, and P75 are asking rents from listings posted in May 2023. Changes compare against the nearest prior month with data.
ZIP 11501 vs. New York City — May 2023
| Bedrooms | ZIP 11501 Median | NYC Citywide Median | Difference |
|---|---|---|---|
| Studio | $3,089 | $2,450 | +$639 (+26.1%) |
| 1BR | $3,606 | $2,477 | +$1,129 (+45.6%) |
| 2BR | $4,799 | $2,800 | +$1,999 (+71.4%) |
Citywide figure is the median of zip-level medians across 174 New York City zip codes with listings in May 2023.